Legal Counsel, Payments Compliance
TikTok
London, United Kingdom
Responsibilities:
- Counsel and partner with product teams on a range of payment issues such as money transfer services, e-money, payment tokens, AML, gifts, stored value cards and facilities relevant to the region. This includes:
- Actively collaborating and providing guidance with a wide variety of internal stakeholders, including product, compliance, business development on a range of issues related to product development and commercialization of global payment projects and services;
- Working closely with colleagues across the global legal team to advise on payment issues in connection with the launch of features, projects or programs or payment solutions; and
- Assisting and providing guidance to the global payments business regarding payments licensing and dealing with regulators.
- Help build scalable and effective processes for legal review and launch of new payment solutions, features and products.
- Stay up-to-date and serve as the subject matter expert of financial service regulations, including AML, money transmission, virtual currency, gifts, stored value cards and facilities, KYC, and KYB in the EU/UK region.
- Participate as a proactive business partner for senior managers and build a trusted advisor relationship with the various businesses within the group, including the TikTok product and global payment businesses.
Minimum Qualifications:
- Qualified lawyer with experience in the fintech/payments industry dealing with money service business compliance requirements, anti-money laundering rules, know-your-customer requirements, and stored value facilities. Possess knowledge of sanctions and other financial crimes compliance rules and regulations.
- Global or regional exposure and experience gained in the Fintech startup space or creator economy industry is highly advantageous.
- Knowledge and experience with payment product compliance advisory and review. Experience managing global or regional compliance, as well as the risks and regulations applicable to consumer-facing financial services and products.
- Ability to understand and interpret regulations and regulatory guidance, and adept in simplifying complex themes into understandable communications.
Preferred Qualifications:
- A passion for technology and the ability to understand complex business models and product use cases quickly.
- Hands-on experience managing distinct projects and programs, with particularly strong skills in stakeholder management and influence and a strong sense of ownership. An entrepreneurial spirit – a self-starter who thrives in a fast paced environment, deals well with ambiguity and focuses on driving impact.
- Excellent cross-functional collaboration skills, including navigating leadership, external partners, and regulators and exercising sound compliance judgment in a complex and challenging environment.
- Has initiative, a positive attitude, collaborative and a confident self-starter who thrives in a fast paced environment, deals well with ambiguity and focuses on driving impact.
- Pragmatic and possess strong analytical and problem solving skills.
- Independent, hard-working, well organized and able to prioritize and manage numerous projects simultaneously and the ability to work under tight deadlines.
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