Sanctions Officer

3 years exp

**Roles & 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, Helo, and Resso, 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.

In line with the globalization strategy and vision of the company, the Global Payments team builds a platform to provide cross-border payment solutions for all ByteDance's products and services, that are growing rapidly worldwide. The Global Payment team is now hiring for a Sanctions Officer based in Singapore and supporting our business globally

**Responsibilities**
- Maintain good knowledge of AML/CTF and Sanctions regulations and market practices.
- Contribute to and maintain the relevant policies and procedures that support the Global Sanctions Policy.
- Monitor for new/revised AML/CFT and Sanctions related regulatory developments and issues that may pose compliance risk; and conduct risk assessments on applicability and impact.
- Review AML/CFT and Sanctions related reporting metrics and disclosures to identify any key trends, evolving typologies, emerging risk and relevant insights.
- Provide regulatory compliance advisory to internal stakeholders on AML/CFT and Sanctions related regulatory requirements; and policies and procedures.
- Support the external/internal audit processes, by reverting to RFI requests, liaising with reviewers and internal stakeholders, and ensuring the timely remediation of findings.
- Prepare reports to senior compliance stakeholders with timely and actionable information concerning the health of sanctions programs.
- Prepare and review periodic reports to be submitted to senior management and regulator (where needed).
- Draft the notification senior management and regulator of any incidents/breaches identified in a timely manner, and oversee the remediation of matter.
- Draft clear sanctions requirements and work with relevant teams (e.g., tech, engineering and product teams) to translate into engineering requirements and proritise scalable sanctions solutions to enable business innovation.
- Ensure sanctions requirements are implemented by establishing project plans, defining owners and milestones, reporting status to senior management and driving towards go-live.
- Promote a culture of compliance, proactively engaging peers and stakeholders across business, operations, and technology teams to educate on compliance concerns.

**Qualifications**
- Bachelor degree or above.
- Excellent communication skills in English (both written and verbal).
- At least 3-5 years of experience in regulatory, compliance or advisory roles in a financial institution, preferably at banks/payment institutions/money service business/consulting environment, with key focus in AML/CFT and Sanction compliance.
- Relevant AML or related certifications from an accredited organization (such as ACAMS, ICA)
- Good knowledge of relevant sanctions regulations (OFAC, UN, EU, etc.)
- Hands-on, with working familiarity on compliance related matters especially with the implementation and operationalization of regulations, rules, policies and processes.
- Thorough and in-depth knowledge of MAS AML/CFT Notices, Guidelines, regulations and policies.
- Familiarity with the 3 Lines-of-Defense risk model and AML/CFT value chain (including onboarding, ongoing CDD, Sanctions, Transaction Monitoring, Suspicious Transaction Reporting, etc).
- Strong analytical, research and problem solving skills.
- Good at execution, pressure handling and teamwork.
- Ability to organize work, prioritize tasks and handle multiple assignments simultaneously.
- Proven ability to work and execute with mínimal supervision or remote management.

TikTok is the leading destination for short-form mobile video. Our mission is to inspire creativity and bring joy. TikTok has global offices including Los Angeles, New York, London, Paris, Berlin, Dubai, Singapore, Jakarta, Seoul and Tokyo.