Money Laundering Reporting Officer (MLRO) - Global Payment

About the team

The Global Payment team of ByteDance provides payment solutions -- including payment acquisitions, disbursements, transaction monitoring, payment method management, foreign exchange conversion, accounting, reconciliations, and so on to ensure that our users have a smooth and secure payment experience on all of ByteDance's various products and services including TikTok, TikTok Shop and CapCut.

About the role

We are seeking a Moneylaundering Reporting Officer (MLRO) to oversee the Anti-Money-Laundering and Counter-Terrorism (AML/CFT) compliance function for the Singapore business and supporting APAC MLRO to manage the AML/CTF risk across the APAC region.

The successful candidate should be familiar with the AML/CFT regulatory requirements in relation to Payment regulations, experience dealing with the Monetary Authority of Singapore and able to lead engagement in relation to internal/external audit and regulatory inspection on AML/CFT programs. This role requires someone that is self driven, adaptable to changes and strong leadership qualities to lead the team to achieve its yearly objectives in a highly fast paced environment.

Responsibilities

- Proactively assist the Board and Senior Management Team in identifying and containing AML/CFT risk, monitoring and analyzing transactions of high-risk customers

- Monitor the execution of procedures and controls set out for ML/FT prevention

- Assist Board, Senior Management Team and other related teams in ensuring that all recommendations or management actions from various audit reports and quality assurance are properly attended and followed up in a timely manner

- Analyze comparative data, prepare and present reports related to AML risk assessments, and monitor AML related issues and escalations

- Perform AML Compliance quality and testing, evaluate process deficiencies, analyze control measures, enhance reporting capabilities and recommend corrective actions while satisfying regulatory and audit commitments. Further, assess and identify emerging risks and recommend / drive program enhancements

- Develop sound relationships with business units to ensure that money laundering prevention awareness remains high and to act as primary main contact person for money laundering-related activities

- Provide guidance on AML/CFT issues/matters to Board and Senior Management Team

- Create ML/FT prevention awareness amongst staff by creating, updating and providing ML/FT prevention training as well as its deliverance and monitoring

- Monitor AML industry developments, and maintain advanced knowledge of new and amended laws and regulations, and ensure processes are in place to keep the business updated on such developments

- Utilize information from regulatory changes, new regulations, and internal policy changes to further identify new key risk areas

- Additional duties as assigned

Minimum Qualifications

- 5+ years of progressive experience in AML/CFT compliance, preferably in the payments industry with experience dealing with regulators.

- Strong leadership and people management skills to build a high performing AML/CFT compliance function and strong working relationship with internal and external stakeholders

- Good understanding of the payment eco-system and payment products

- Experience in conducting enterprise wide risk assessment (EWRA) and developing AML/CFT compliance policy and procedures

Preferred Qualifications

- Prior experience working as a regulator or in a payment institution is a plus