Responsibilities
The Team
PIPO is ByteDance’s Global Payments Business, playing a crucial role in the monetization of ByteDance products while operating in a highly regulated financial services environment. Given the complexity of the regulatory landscape, we require experienced legal professionals with deep expertise in payments, financial services regulation, and compliance.
The Role
We are seeking an experienced Payments/Financial Services Legal Counsel to provide strategic legal advice and ensure regulatory compliance across PIPO’s payments and financial services operations in the European Economic Area (EEA), especially Luxembourg, United Kingdom and Middle East.
This role is pivotal in advising on complex matters, structuring compliant business models, and supporting the development of innovative payment and financial services solutions while ensuring adherence to AML, KYC, GDPR, and other key regulatory frameworks.
Advisory:
- Provide expert legal counsel on financial services regulations (i.e. PSD2, EMD2, AMLD, GDPR, and consumer protection laws) across the EEA, especially Luxembourg, UK and Middle East.
- Partner with XFN, especially Payments Regulatory Legal and Payments Compliance teams to support and manage licensing, regulatory filings, and engagements with financial regulators (e.g., CSSF, EBA, ECB).
- Advise on safeguarding client funds, capital adequacy, and outsourcing requirements for payment and e-money institutions.
- Assess the impact of regulatory changes and help the business adapt to evolving financial services laws.
Financial Services Product Support:
- Partner with product, engineering, compliance, risk, and operations teams to develop and launch compliant payment and financial services products and services.
- Partner with XFN teams to ensure financial services solutions comply with requirements for strong customer authentication (SCA), cross-border transactions, and open banking.
- Advise on legal risks and opportunities in Buy Now, Pay Later (BNPL), lending, merchant financing, and embedded finance.
Commercial & Transactional Legal Support:
- Structure, draft, and negotiate complex agreements with financial institutions, payment service providers, and technology partners.
- Support agreements related to banking partnerships, payment processing, merchant acquiring, and outsourcing.
- Provide legal expertise on strategic initiatives, such as new market expansion and partnerships.
Risk & Governance:
- Support risk assessments and governance processes to ensure operational and regulatory compliance.
- Help build scalable legal processes for launching new financial services offerings.
- Collaborate with global legal, compliance, and risk teams to align regional and global strategies.
- Partner with XFN teams to develop and deliver training programs for the Board of Directors (BoD) and senior management on key regulatory topics, including PSD2 and regulatory obligations under CSSF oversight.
- Ensure internal policies, procedures, and controls are in line with legal and regulatory expectations.
Qualifications
Minimum Qualifications
- Qualified lawyer (admitted to practice in an EEA jurisdiction, preferably Luxembourg, or UK).
- Strong understanding of the financial services sector, including knowledge of compliance requirements such as consumer protection, anti-money laundering rules, know-your-customer requirements, etc.
- Strong knowledge of PSD2, EMD2, AMLD, GDPR, and relevant consumer protection laws.
- Experience working with or within a regulated financial institution, fintech, PSP, or law firm specialising in financial services.
- Expertise in structuring payments and financial services, e-money solutions, and compliance frameworks.
- Experience engaging with financial regulators, particularly CSSF, EBA, or ECB.
- Strong contract negotiation skills with a focus on payments, financial services, technology, and commercial agreements.
Preferred Qualifications
- Ability to navigate complex regulatory environments and provide practical, business-oriented legal solutions.
- Exceptional stakeholder management, communication skills, with the ability to collaborate across legal, compliance, product, and risk functions.
- A self-starter with a proactive approach, strong problem-solving skills, and the ability to thrive in a fast-paced environment.
Job Information
About Us
Founded in 2012, ByteDance's mission is to inspire creativity and enrich life. With a suite of more than a dozen products, including TikTok, Lemon8, CapCut and Pico as well as platforms specific to the China market, including Toutiao, Douyin, and Xigua, ByteDance has made it easier and more fun for people to connect with, consume, and create content.
Why Join ByteDanceInspiring creativity is at the core of ByteDance's mission. Our innovative products are built to help people authentically express themselves, discover and connect – and our global, diverse teams make that possible. Together, we create value for our communities, inspire creativity and enrich life - a mission we work towards every day.
As ByteDancers, we strive to do great things with great people. We lead with curiosity, humility, and a desire to make impact in a rapidly growing tech company. By constantly iterating and fostering an "Always Day 1" mindset, we achieve meaningful breakthroughs for ourselves, our Company, and our users. When we create and grow together, the possibilities are limitless. Join us.
Diversity & Inclusion
ByteDance 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 ByteDance, our mission is to inspire creativity and enrich life. 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.
