Frontline Compliance Business Partner (Money Platform) - TikTok

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.

1. 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.

1. 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.

1. 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.

1. 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.

1. 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.

1. Relationship Management:

• Maintain and strengthen relationships with the 2nd Line of Defense to ensure seamless communication and alignment on compliance objectives.

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.