Job Description

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.