AML Compliance Advisory - Global Payment

In line with Bytedance's globalization plans, there has been an increasing demand for payment services and financial services such as BNPL to enhance and support our current business needs and increase our service offerings to the end user. As such, the need for payment services has gradually increased in our overseas business development strategy. Whether it's paying money to creators/users to encourage aggressive user growth, or offering paid services to users, payments have become an important step in our integrated service offerings.

To facilitate and provide such services, Global Payments ("GP") was set up. GP is supported by a group of payments licensed entities which are subsidiaries under Bytedance Ltd.

Key Responsibilities

• Support SG MLRO to provide AML/CFT compliance advisory to the business counterparts in relation to Payment Services Act.
• Work with the local MLROs across the region to operationalise AML/CFT programs.
• Liaise with the regulatory bodies where applicable on any AML/CFT related enquiry.
• Prepare and maintain AML/CFT policies, procedures and controls in accordance with respective local requirements and global policies.
• Support regulatory examinations, internal and external audit engagement.
• Monitor for new AML/CFT requirements and implementation including conducting gap analysis.
• Prepare regular management reports to the Board and Senior management and Compliance committees in respective APAC entities.

Minimum Qualifications

• 5+ years of experience in AML/CFT compliance in a financial institution, preferably at banks/payment institutions/money service business/consulting environment.
• Familiarity with the Payment Services Act and the applicable AML/CFT requirements.
• Familiarity with the 3 Lines-of-Defense risk model.
• Strong analytical, research and problem solving skills.
• Good at execution, pressure handling and teamwork.

Preferred Qualifications

• Prior experience working as a regulator or in a payment institution in a regional capacity is a plus.
• Ability to organize work, prioritize tasks and handle multiple assignments simultaneously.
• Proven ability to work and execute with minimal supervision or remote management.