Frontline Compliance Business Partner (Money Platform) - TikTok

Responsibilities

About the team
Livestream Team is committed to creating real-time interactive scenes, As a new form of content, livestream creates value for all parties in the ecology. Livestream provides users with a unique consumption experience and further generalizes content. It is also a new way of employment to provide more direct fan interaction and deepen relationships to authors; It provides healthy and objective revenue to the platform and promotes content exclusivity. It also serves as a "new infrastructure" for the expansion of ecological boundaries.

1. AML Policy and Procedure Review:
- Assist in reviewing the effectiveness and operational applicability of AML policies and procedures developed by the 2nd Line of Defense.
- Provide feedback on the practical implications of these policies and their impact on business operations.
2. Collaboration and Strategy Development:
- Work closely with the 2nd Line of Defense to design and establish transaction monitoring (TM) strategies and robust Know Your Customer (KYC) controls.
- Contribute to the development of risk-based solutions to enhance compliance and operational workflows.
3. Preventive Control Design and Implementation:
- Design and implement preventive controls within business operations to mitigate identified AML risks proactively.
- Regularly review and update these controls to adapt to emerging risks and regulatory changes.
4. Escalations and RFI Assessment:
- Review escalated AML cases and evaluate whether further information requests (RFIs) are required to address potential risks effectively.
- Provide clear, actionable recommendations for handling escalations.
5. Operational Effectiveness and Balancing Expectations:
- Act as a bridge between the 1st and 2nd Lines of Defense to balance expectations and maintain operational effectiveness without compromising compliance standards.
- Ensure efficient resolution of compliance challenges while adhering to regulatory requirements.
6. Training and Awareness:
- Facilitate AML training workshops to ensure 1st Line staff are knowledgeable about compliance requirements and equipped to meet regulatory expectations.
- Promote a culture of compliance and awareness across the organization.
7. Relationship Management:
- Maintain and strengthen relationships with the 2nd Line of Defense to ensure seamless communication and alignment on compliance objectives.

Qualifications

Minimum Qualification(s)
- Bachelor's degree in Business, Finance, Law, or related field.
- Experiences in AML compliance, operations, or related roles.
- Strong understanding of AML regulations, KYC principles, and transaction monitoring.
- Excellent communication and interpersonal skills to collaborate across functional teams.
- Analytical mindset with the ability to assess risks and propose practical solutions.
- Proficiency in regulatory compliance requirements and related operational expectations.
- Strong organizational and time management skills.

Preferred Qualification(s)
- Proactive problem-solving and decision-making.
- Ability to manage competing priorities in a dynamic environment.
- Collaborative and relationship-focused approach to achieving compliance objectives.
- High ethical standards and commitment to regulatory compliance.