Job Description
About the team
In line with ByteDance's globalization plans, there has been an increasing demand for payment services and financial services such as BNPL to: (1) enhance and support our current business needs; and (2) increase our service offerings to the end user. As such, the need for payment services has gradually increased in our overseas business development strategy. Whether it's paying money to creators/users to encourage user growth, or offering paid services to users, payments have become an important step in our integrated service offerings.
In order to facilitate and provide such services, Global Payments ("GP") was set up. GP is supported by a group of payments licensed entities which are subsidiaries under ByteDance Ltd.
About the role
We are seeking for a Chief Compliance Officer in Japan, Tokyo. This role will be a key contributor to the continued success of the ByteDance Global Payments business in Japan. The Chief Compliance Officer (CCO) Japan is responsible for establishing, leading, and maintaining a robust compliance framework for the company’s regulated businesses in Japan, including:
- Third-Party Prepaid Payment Instruments (資金決済法)
- Type II Financial Instruments Business (金商法)
- Installment Sales / Credit Intermediary (割賦販売法)
The CCO serves as the primary regulatory liaison with the JFSA (including Local Finance Bureau) and METI, ensuring full compliance with Japanese laws, cabinet orders, supervisory guidelines, and inspection requirements. The CCO will also be the designated Money Laundering Reporting Officer, and in the future will have a great opportunity to expand the team as the business grows.
Responsibilities
- To provide open and honest regulatory liaison, building a strong working relationship with regulatory bodies, notably the JFSA (including Local Finance Bureau) and METI.
- Providing advice and guidance on payments compliance in Japan, to all members of the organisation.
- Oversees the AML/CFT program for prepaid instruments, Type II and credit intermediary activities ensuring compliance with Act on Prevention of Transfer of Criminal Proceeds
- Suspicious transaction reporting obligations
- To deliver appropriate compliance reporting to the Board of Directors.
- Reviewing legislation and conducting gap analyses to ensure compliance with obligations.
- Assisting in responding appropriately to alleged breaches and non-compliance with applicable regulations and policies.
- Contribute to strategy and business planning, notably from a compliance perspective.
- To provide advice on corporate governance, to enable the enhancement of the corporate governance framework.
- To champion on-going implementation, operation, adherence and promotion of relevant policies and procedures.
- To ensure that the Compliance Function is appropriately resourced and directed such that it is effective in delivering appropriate advice, guidance and challenge to the business on compliance matters.
- To be a trusted advisor to the business to help achieve good customer outcomes and positive regulatory relations.
- To maintain an independent mindset and effectively challenge where necessary to achieve a robust second line of defence.
- To provide leadership in relation to the Compliance Function.
- To advocate compliance, champion a positive compliance culture and help provide an appropriate ‘tone from the top’ on compliance matters.