Check out my picture below of my car. I have a nice little green arrow pointing towards it. Your correct, it is right near the hatch release so
Hatch---VIP Security (if equipped)---TPMS Reset Button.
It is my understanding that it would not be checked upon startup with a light, because it is a passive system, not an active. ABS is active and so are some other things because they are constantly on. But TPMS is triggered so it only activates when needed. And it runs based on the ABS system, not like an Acura where each wheel has a sensor, therefore you can actually see the pressure from each wheel displayed.