What are the responsibilities and job description for the Sanctions Compliance Lead, Financial Crimes - USDS position at TikTok?
Responsibilities
About TikTok U.S. Data Security
TikTok is the leading destination for short-form mobile video. Our mission is to inspire creativity and bring joy. U.S. Data Security (“USDS”) is a subsidiary of TikTok in the U.S. This new, security-first division was created to bring heightened focus and governance to our data protection policies and content assurance protocols to keep U.S. users safe. Our focus is on providing oversight and protection of the TikTok platform and U.S. user data, so millions of Americans can continue turning to TikTok to learn something new, earn a living, express themselves creatively, or be entertained. The teams within USDS that deliver on this commitment daily span across Trust & Safety, Security & Privacy, Engineering, User & Product Ops, Corporate Functions and more.
Why Join Us
Creation is the core of TikTok's purpose. Our platform is built to help imaginations thrive. This is doubly true of the teams that make TikTok possible.
Together, we inspire creativity and bring joy - a mission we all believe in and aim towards achieving every day.
To us, every challenge, no matter how difficult, 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 communities we serve.
Join us.
Team Intro
USDS Financial Crime Compliance is responsible for overseeing and operationalizing all aspects related to Anti-Money Laundering (AML) and Sanctions Compliance activities related to TikTok USDS's operations. Collaborating cross-functionally with stakeholders across the U.S. and global, we address complex and cutting-edge challenges, which include the identification of money-laundering, terrorist financing and sanction violations. We seek a highly motivated, and experienced professional to join our team.
In order to enhance collaboration and cross-functional partnerships, among other things, at this time, our organization follows a hybrid work schedule that requires employees to work in the office 3 days a week, or as directed by their manager/department. We regularly review our hybrid work model, and the specific requirements may change at any time.
Position Overview
As the Sanctions Compliance Lead, you will ensure our organization's adherence to all relevant sanctions laws, regulations, and internal global sanctions policy. You will be responsible for spearheading the development, implementation, and oversight of an effective sanction compliance program, playing a pivotal role in mitigating the risk of violations and safeguarding the organization's integrity and reputation.
Responsibilities:
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.
Accommodation Statement
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/ktJP6
Data Security Statement
This role requires the ability to work with and support systems designed to protect sensitive data and information. As such, this role will be subject to strict national security-related screening.
Job Information
The base salary range for this position in the selected city is $147000 - $374000 annually.
Compensation may vary outside of this range depending on a number of factors, including a candidate’s qualifications, skills, competencies and experience, and location. Base pay is one part of the Total Package that is provided to compensate and recognize employees for their work, and this role may be eligible for additional discretionary bonuses/incentives, and restricted stock units.
Our company benefits are designed to convey company culture and values, to create an efficient and inspiring work environment, and to support our employees to give their best in both work and life. We offer the following benefits to eligible employees:
We cover 100% premium coverage for employee medical insurance, approximately 75% premium coverage for dependents and offer a Health Savings Account(HSA) with a company match. As well as Dental, Vision, Short/Long term Disability, Basic Life, Voluntary Life and AD&D insurance plans. In addition to Flexible Spending Account(FSA) Options like Health Care, Limited Purpose and Dependent Care.
Our time off and leave plans are: 10 paid holidays per year plus 17 days of Paid Personal Time Off (PPTO) (prorated upon hire and increased by tenure) and 10 paid sick days per year as well as 12 weeks of paid Parental leave and 8 weeks of paid Supplemental Disability.
We also provide generous benefits like mental and emotional health benefits through our EAP and Lyra. A 401K company match, gym and cellphone service reimbursements. The Company reserves the right to modify or change these benefits programs at any time, with or without notice.
About TikTok U.S. Data Security
TikTok is the leading destination for short-form mobile video. Our mission is to inspire creativity and bring joy. U.S. Data Security (“USDS”) is a subsidiary of TikTok in the U.S. This new, security-first division was created to bring heightened focus and governance to our data protection policies and content assurance protocols to keep U.S. users safe. Our focus is on providing oversight and protection of the TikTok platform and U.S. user data, so millions of Americans can continue turning to TikTok to learn something new, earn a living, express themselves creatively, or be entertained. The teams within USDS that deliver on this commitment daily span across Trust & Safety, Security & Privacy, Engineering, User & Product Ops, Corporate Functions and more.
Why Join Us
Creation is the core of TikTok's purpose. Our platform is built to help imaginations thrive. This is doubly true of the teams that make TikTok possible.
Together, we inspire creativity and bring joy - a mission we all believe in and aim towards achieving every day.
To us, every challenge, no matter how difficult, 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 communities we serve.
Join us.
Team Intro
USDS Financial Crime Compliance is responsible for overseeing and operationalizing all aspects related to Anti-Money Laundering (AML) and Sanctions Compliance activities related to TikTok USDS's operations. Collaborating cross-functionally with stakeholders across the U.S. and global, we address complex and cutting-edge challenges, which include the identification of money-laundering, terrorist financing and sanction violations. We seek a highly motivated, and experienced professional to join our team.
In order to enhance collaboration and cross-functional partnerships, among other things, at this time, our organization follows a hybrid work schedule that requires employees to work in the office 3 days a week, or as directed by their manager/department. We regularly review our hybrid work model, and the specific requirements may change at any time.
Position Overview
As the Sanctions Compliance Lead, you will ensure our organization's adherence to all relevant sanctions laws, regulations, and internal global sanctions policy. You will be responsible for spearheading the development, implementation, and oversight of an effective sanction compliance program, playing a pivotal role in mitigating the risk of violations and safeguarding the organization's integrity and reputation.
Responsibilities:
- Lead the development and implementation of sanctions compliance policies, procedures, and controls in accordance with applicable laws, regulations, and best practices.
- Oversee the implementation, optimization, and assessment of sanction compliance technology solutions, ensuring alignment with regulatory requirements and organizational needs, while performing tuning and configuration changes to enhance screening accuracy and minimize false positives.
- Conduct thorough sanction risk assessments to identify and assess potential sanction-related risks and vulnerabilities across the organization's operations, products, and services.
- Oversee the monitoring and review of transactions and user screening to detect and prevent potential OFAC violations.
- Investigate and escalate any suspected OFAC breaches or violations, collaborating with relevant stakeholders to address and resolve compliance issues promptly.
- Stay informed of changes in sanctions programs, regulations, and enforcement actions, providing guidance to leadership on sanction compliance matters, emerging OFAC-related developments and best practices for sanctions compliance.
- Prepare and submit OFAC-related reports, notifications, and disclosures to regulatory authorities and other relevant parties as required.
- Maintain accurate and comprehensive records of sanction compliance activities, including documentation of policies, procedures, risk assessments, and screening systems.
- Perform special projects and additional duties and responsibilities as required.
- Minimum of 5 years of experience in sanctions compliance with demonstrated leadership capabilities.
- In-depth knowledge of sanctions laws, regulations, and regulatory expectations, including familiarity with OFAC sanctions programs and other relevant sanctions regimes.
- Strong analytical skills and attention to detail, with the ability to identify, assess, and mitigate sanctions-related risks effectively.
- Excellent communication and stakeholder management skills, with the ability to engage with regulators, industry associations, and internal cross-functional teams to stay informed of best practices and emerging issues in compliance.
- Strong analytical skills with the ability to interpret complex regulatory requirements and translate them into actionable compliance measures.
- Proven ability to lead and motivate cross-functional teams in a fast-paced environment, with a commitment to upholding integrity and ethical standards.
- Proficiency in utilizing and optimizing sanction compliance technology solutions, including experience with screening engines, configuration management, and watchlist management.
- Demonstrated experience in assessing and mitigating sanction risk within the financial services industry.
- Experience conducting sanction-related risk assessments and developing compliance strategies to ensure adherence to regulatory standards.
- Strong understanding of emerging technologies and their application in enhancing sanctions compliance processes.
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.
Accommodation Statement
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/ktJP6
Data Security Statement
This role requires the ability to work with and support systems designed to protect sensitive data and information. As such, this role will be subject to strict national security-related screening.
Job Information
The base salary range for this position in the selected city is $147000 - $374000 annually.
Compensation may vary outside of this range depending on a number of factors, including a candidate’s qualifications, skills, competencies and experience, and location. Base pay is one part of the Total Package that is provided to compensate and recognize employees for their work, and this role may be eligible for additional discretionary bonuses/incentives, and restricted stock units.
Our company benefits are designed to convey company culture and values, to create an efficient and inspiring work environment, and to support our employees to give their best in both work and life. We offer the following benefits to eligible employees:
We cover 100% premium coverage for employee medical insurance, approximately 75% premium coverage for dependents and offer a Health Savings Account(HSA) with a company match. As well as Dental, Vision, Short/Long term Disability, Basic Life, Voluntary Life and AD&D insurance plans. In addition to Flexible Spending Account(FSA) Options like Health Care, Limited Purpose and Dependent Care.
Our time off and leave plans are: 10 paid holidays per year plus 17 days of Paid Personal Time Off (PPTO) (prorated upon hire and increased by tenure) and 10 paid sick days per year as well as 12 weeks of paid Parental leave and 8 weeks of paid Supplemental Disability.
We also provide generous benefits like mental and emotional health benefits through our EAP and Lyra. A 401K company match, gym and cellphone service reimbursements. The Company reserves the right to modify or change these benefits programs at any time, with or without notice.
Salary : $147,000 - $374,000
VP, Financial Crimes Compliance Systems Screening Lead
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New York, NY
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Senior Financial Crimes Compliance Officer
Robert Walters -
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