Aml Operation Lead

About the job

SummaryBy Outscal

Lead global AML operations, including transaction monitoring, sanctions, and KYC/KYB, ensuring compliance with international standards. Strong experience in AML compliance within the payment industry, comprehensive knowledge of global financial regulations, and exceptional leadership skills are essential.
- Responsibilities
- Founded in 2012, ByteDance's mission is to inspire creativity and enrich life. With a suite of more than a dozen products, including TikTok as well as platforms specific to the China market, including Toutiao, Douyin, and Xigua, ByteDance has made it easier and more fun for people to connect with, consume, and create content. Why Join Us Creation is the core of ByteDance's purpose. Our products are built to help imaginations thrive. This is doubly true of the teams that make our innovations possible. Together, we inspire creativity and enrich life - a mission we aim towards achieving every day. To us, every challenge, no matter how ambiguous, is an opportunity; to learn, to innovate, and to grow as one team. Status quo? Never. Courage? Always. At ByteDance, we create together and grow together. That's how we drive impact - for ourselves, our company, and the users we serve. Join us. 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 ByteDance platforms including TikTok. Key Responsibilities: - Global Management of Transaction Monitoring, Sanction Operations, and KYC/KYB Operations: Lead the global management of Transaction Monitoring, Sanction Operations, and KYC/KYB Operations, ensuring all processes align with international compliance standards and regulatory requirements. This includes overseeing customer onboarding processes (KYC/KYB), ensuring robust verification and risk assessment procedures are in place, and managing ongoing customer due diligence. - Operational Efficiency and Cost Control: Develop and implement operational strategies to enhance the efficiency and effectiveness of the AML, Sanctions, and KYC/KYB programs. Focus on optimizing processes, leveraging technology, and improving workflows to increase productivity while maintaining or reducing operational costs. - Innovative Risk Management Solutions: Identify emerging risks in the AML, Sanctions, and KYC/KYB landscape and develop innovative solutions to address these risks. Foster a proactive approach to risk management by implementing cutting-edge tools and strategies that ensure the organization stays ahead of potential compliance challenges. - Process Improvement and Regulatory Alignment: Conduct regular reviews of AML, Sanctions, and KYC/KYB processes and procedures to identify areas for improvement. Implement solutions that streamline operations, enhance compliance, and ensure the organization remains aligned with evolving regulatory requirements. - Cross-functional Collaboration: Collaborate with various internal teams (such as Risk, Legal, and Product) and external stakeholders to ensure seamless integration and effectiveness of compliance practices across the organization. - Leadership and Team Development: Train and lead a team of compliance professionals across Transaction Monitoring, Sanction Operations, and KYC/KYB functions. Foster a culture of continuous improvement, innovation, and regulatory awareness within the team. - Reporting and Industry Awareness: Stay informed about industry trends, regulatory developments, and best practices related to AML, Sanctions, and KYC/KYB operations. Prepare and present comprehensive reports on compliance operations and metrics to senior management and regulatory authorities as required.
- Qualifications
- Minimum Qualifications - Bachelor’s degree in Finance, Law, or related field; advanced degree or professional certifications such as CAMS or CFE preferred. - Experience in AML compliance, with a strong focus on Transaction Monitoring and Sanction Operations within the payment industry. - Comprehensive knowledge of global financial regulations, with a keen ability to interpret and implement regulatory changes. - Exceptional leadership and organizational skills, capable of managing diverse teams across various functions. ByteDance 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 ByteDance, our mission is to inspire creativity and enrich life. 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.