Job Description

The Payments Counsel will be part of the Payments Legal team, and will serve TikTok, Bytedance and its affiliates, in respect of payments compliance matters with respect to Europe and the UK. The ideal candidate should have a good background in payments, product counseling as well as excellent judgment, acute ability to identify issues on first impression, and have the courage to counsel a fast-moving business.

Responsibilities

- Counsel and partner with product teams on a range of payment issues such as money transfer services, e-money, payment tokens, AML, gifts, stored value cards and facilities relevant to the region. This includes:

- Actively collaborating and providing guidance with a wide variety of internal stakeholders, including product, compliance, business development on a range of issues related to product development and commercialisation of global payment projects and services;

- Working closely with colleagues across the global legal team to advise on payment issues in connection with the launch of features, projects or programs or payment solutions; and

- Assisting and providing guidance to the global payments business regarding payments licensing and dealing with regulators.

- Help build scalable and effective processes for legal review and launch of new payment solutions, features and products.

- Stay up-to-date and serve as the subject matter expert of financial service regulations, including AML, money transmission, virtual currency, gifts, stored value cards and facilities, KYC, and KYB in the EU/UK region.

- Participate as a proactive business partner for senior managers and build a trusted advisor relationship with the various businesses within the group, including the TikTok product and global payment businesses.