Compliance Officer - Global Payment Mexico

at  TikTok

Responsibilities
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 its offices include New York, London, Dublin, Paris, Berlin, Dubai, Jakarta, Seoul, and Tokyo.
Why Join Us
Creation is the core of TikTok’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 TikTok, 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 role
The Global Payments team provides payment solutions, including payment acquisitions, disbursements, transaction monitoring, payment method management, foreign exchange conversion, accounting, reconciliations, and so on, to ensure that users have a smooth and secure payment experience across our platforms and services.
We are seeking a Compliance Officer to develop, implement, and oversee the compliance function for our Mexican business. The ideal candidate will have a strong understanding of Mexican regulatory requirements related to payment and financial services, as well as experience engaging with CNBV and Banxico to effectively navigate regulatory processes and requirements
This a hands-on role and requires someone that is self driven, adaptable to changes and strong leadership qualities to lead the team to achieve its yearly objectives in a highly fast paced environment. This role is based in Mexico City, Mexico.
The successful candidate should be familiar with the Brazilian AML/CFT regulatory requirements in relation to Payment regulations, experience dealing with the Central Bank of Brazil and able to lead engagement in relation to internal/external audit and regulatory inspection on AML/CFT programs. This a hands-on role and requires someone that is self driven, adaptable to changes and strong leadership qualities to lead the team to achieve its yearly objectives in a highly fast paced environment. This role is based in Sao Paulo, Brazil.

Responsibilities

• Lead the payments and financial service license application processes, serve as the primary point of contact with local regulators, and oversee all license-related matters in Mexico.
• Stay updated on the regulatory changes that directly or indirectly affect the Global Payments team, in order to comply with the standards established by CNBV, Banxico and internal regulations.
• Partner closely with Business Leaders to ensure regulatory licensing requirements are met, support the readiness of payment and financial services solutions, and collaborate with local product teams
• Design, implement, and maintain the local compliance program to ensure alignment with regulatory requirements and business objectives
• Prepare and respond to regulatory inquiries and manage examinations.
• Identify gaps in current compliance systems, policies, and strategies, and recommend enhancements and operational improvements.
• Advise various stakeholders on compliance services, features, and requirements, and work with development and product teams to build out compliance processes (both automatic and manual).
• Create and maintain a strong understanding of all regulatory requirements and frameworks.
• Manage regulatory examinations/audits, engaging internally to ensure readiness and externally to present compliance controls;
• Assist the Global Payments team to drive the strategy, framework and execution of the compliance program to ensure applicable Brazilian regulatory requirements are being met comprehensively.
• Ensure compliance requirements are implemented by establishing project plans, defining owners and milestones, reporting status to senior management and driving towards go-live.
• Prepare reports to senior compliance stakeholders with timely and actionable information concerning the health of compliance programs.
• Promote a culture of compliance, proactively engaging peers and stakeholders across business, operations, and technology teams to educate on compliance controls.

Qualifications

Minimum Qualifications

• A minimum of 5 years of experience in regulatory, compliance or advisory roles in a payment fintech or financial institution.
• Strong understanding of the payment ecosystem and lending products
• Proven track record in developing regulatory compliance capabilities from scratch.
• Hands-on, working familiarity with regulatory licensing application processes in Mexico and compliance related matters, primarily in implementation and operationalization of regulations, rules, polices and processes.
• Familiarity with the 3 Lines-of-Defense risk model

Preferred Qualifications

• Strong analytical, research and problem solving skills
• Strong leadership and people management skills to build a high performing compliance function and strong working relationship with internal and external stakeholders
• Ability to organize work, prioritize tasks and handle multiple assignments simultaneously
• Proven ability to work and execute with minimal supervision
• Prior experience working as a regulator is a plus.

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 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://shorturl.at/cdpT

• Lead the payments and financial service license application processes, serve as the primary point of contact with local regulators, and oversee all license-related matters in Mexico.
• Stay updated on the regulatory changes that directly or indirectly affect the Global Payments team, in order to comply with the standards established by CNBV, Banxico and internal regulations.
• Partner closely with Business Leaders to ensure regulatory licensing requirements are met, support the readiness of payment and financial services solutions, and collaborate with local product teams
• Design, implement, and maintain the local compliance program to ensure alignment with regulatory requirements and business objectives
• Prepare and respond to regulatory inquiries and manage examinations.
• Identify gaps in current compliance systems, policies, and strategies, and recommend enhancements and operational improvements.
• Advise various stakeholders on compliance services, features, and requirements, and work with development and product teams to build out compliance processes (both automatic and manual).
• Create and maintain a strong understanding of all regulatory requirements and frameworks.
• Manage regulatory examinations/audits, engaging internally to ensure readiness and externally to present compliance controls;
• Assist the Global Payments team to drive the strategy, framework and execution of the compliance program to ensure applicable Brazilian regulatory requirements are being met comprehensively.
• Ensure compliance requirements are implemented by establishing project plans, defining owners and milestones, reporting status to senior management and driving towards go-live.
• Prepare reports to senior compliance stakeholders with timely and actionable information concerning the health of compliance programs.
• Promote a culture of compliance, proactively engaging peers and stakeholders across business, operations, and technology teams to educate on compliance controls