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Payments Compliance Counsel, AMS

Payments Compliance Counsel, AMS

TikTokWashington, DC, United States
30+ days ago
Job type
  • Full-time
Job description

Responsibilities

The Payments Compliance Counsel for the Americas will interpret federal and state money transmission laws and provide advice to the Lines of Business to ensure payments regulatory compliance in the U.S., Canada and LATAM. The candidate will also partner with Payments Commercial Legal to review and negotiate payments related agreements with third-party payment service providers and banks, and will assist product counsel with payments subject matter expertise. This role requires a strong understanding of payments regulatory compliance within the fintech industry, particularly in the creator economy, as well as the ability to work closely with cross-functional teams, including legal, compliance and business partners to drive operational excellence and achieve strategic goals.

The ideal candidate should be willing to work in a fast-paced environment with cross-functional teams in different timezones and embrace challenges to navigate the laws of various jurisdictions in the Americas. The successful candidate will have a high degree of ownership of the solutions they propose and the ability to make sound judgements, as well as systematic and impactful changes at our rapidly growing company. This role provides an excellent opportunity for a talented candidate to enhance their payments regulatory compliance skills, and to carve out opportunities to grow and develop.

You Will :

  • Understand and provide advice regarding money transmission and stored value laws, and payment network rules, and work with compliance, product, legal, and operations to provide strategic guidance and interpretation of these laws and rules.
  • Assist product counsels in reviewing new products and features by providing subject matter expertise in the payments and financial services space.
  • Manage projects that span several departments, partners, and product offerings in the Americas.
  • Understand and communicate complex risk, legal, and regulatory concepts to internal and external stakeholders.
  • Establish strong working relationships and build trust and credibility with business leaders influencing and supporting a culture of payments compliance.
  • Review and negotiate agreements with third-party payment service providers and other financial services companies and banks.
  • Additional projects and ad-hoc work as necessary to support the E-Commerce, LIVE, Global Payments and Global Legal Compliance teams.

Qualifications

Minimum Qualifications :

  • Deep understanding of payments regulatory compliance laws, including skillfully interpreting and applying legal concepts in ambiguous situations.
  • Proven ability to lead complex legal matters, exhibiting a high level of autonomy and responsibility.
  • Strong grasp of both business and legal implications, coupled with a well-attuned understanding of risk.

    • Preferred Qualifications :

  • Experience with payment product compliance advisory and review, including risks and regulations for consumer financial services.
  • Essential experience with US and Canadian money transmission, remittance, stored value, and prepaid access laws and payment network rules.
  • Ability to interpret regulations and simplify complex information into understandable communications.
  • Excellent cross-functional collaboration skills, including engaging with leadership, external partners, and regulators.
  • A proactive, pragmatic self-starter with strong analytical and problem-solving skills, capable of managing heavy workloads.
  • Experience reviewing and negotiating commercial agreements with payment and financial service providers.
  • Global or regional experience gained in the fintech startup space or creator economy industry.

    • About TikTok

    TikTok is the leading destination for short-form mobile video. At TikTok, our mission is to inspire creativity and bring joy. TikTok's global headquarters are in Los Angeles and Singapore, and we also have offices in New York City, London, Dublin, Paris, Berlin, Dubai, Jakarta, Seoul, and Tokyo.

    Why Join Us

    Inspiring creativity is at the core of TikTok's mission. Our innovative product is built to help people authentically express themselves, discover and connect – and our global, diverse teams make that possible. Together, we create value for our communities, inspire creativity and bring joy - a mission we work towards every day.

    We strive to do great things with great people. We lead with curiosity, humility, and a desire to make impact in a rapidly growing tech company. Every challenge is an opportunity to learn and innovate as one team. We\'re resilient and embrace challenges as they come. By constantly iterating and fostering an "Always Day 1" mindset, we achieve meaningful breakthroughs for ourselves, our company, and our users. When we create and grow together, the possibilities are limitless. Join us.

    Diversity & Inclusion

    TikTok is committed to creating an inclusive space where employees are valued for their skills, experiences, and unique perspectives. Our platform connects people from across the globe and so does our workplace. At TikTok, our mission is to inspire creativity and bring joy. To achieve that goal, we are committed to celebrating our diverse voices and to creating an environment that reflects the many communities we reach. We are passionate about this and hope you are too.

    TikTok Accommodation

    TikTok is committed to providing reasonable accommodations in our recruitment processes for candidates with disabilities, pregnancy, sincerely held religious beliefs or other reasons protected by applicable laws. If you need assistance or a reasonable accommodation, please reach out to us at https : / / tinyurl.com / RA-request

    Job Information

    For Pay Transparency? Compensation Description (Annually) - Washington, DC

    The base salary range for this position in the selected city is 153600 - 287280 annually.

    Compensation may vary outside of this range depending on a number of factors, including a candidate\'s qualifications, skills, competencies and experience, and location. Base pay is one part of the Total Package that is provided to compensate and recognize employees for their work, and this role may be eligible for additional discretionary bonuses / incentives, and restricted stock units.

    Benefits may vary depending on the nature of employment and the country work location. Employees have day one access to medical, dental, and vision insurance, a 401(k) savings plan with company match, paid parental leave, short-term and long-term disability coverage, life insurance, wellbeing benefits, among others. Employees also receive 10 paid holidays per year, 10 paid sick days per year and 17 days of Paid Personal Time (prorated upon hire with increasing accruals by tenure).

    The Company reserves the right to modify or change these benefits programs at any time, with or without notice.

    Seniority level

    Seniority level

    Not Applicable

    Employment type

    Employment type

    Full-time

    Job function

    Job function

    Legal

    Industries

    Technology, Information and Internet

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