Responsibilities
Founded in 2012, ByteDance's mission is to inspire creativity and enrich life. With a suite of more than a dozen products, including TikTok and Helo 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 Us
Creation is the core of ByteDance's purpose. Our products are built to help imaginations thrive. This is doubly true of the teams that make our innovations possible.
Together, we inspire creativity and enrich life - a mission we aim towards achieving every day.
To us, every challenge, no matter how ambiguous, is an opportunity; to learn, to innovate, and to grow as one team. Status quo Never. Courage Always.
At ByteDance, we create together and grow together. That's how we drive impact - for ourselves, our company, and the users we serve.
Join us.
In line with the globalization strategy and vision of the company, the Global Payments team builds a platform to provide cross-border payment solutions for all ByteDance's products and services, that are growing rapidly worldwide.
Responsibilities - What You'll Do
- Responsible for the design, implementation, and maintenance of the compliance program in Indonesia.
- Advise various stakeholder on compliance services, features, and requirements, and work with development and product teams to build out compliance processes (both automatic and manual).
- Communication of significant issues to management; make recommendations when weaknesses are identified.
- Prepare and respond to regulatory enquiries and manage examinations.
- Research and report on regulatory developments by Bank Indonesia and make suggestions with respect to related compliance policy and procedure enhancements.
- Compliance Management Program: develop and maintain a risk-based compliance management program for Bytedance's global payments and collections activities, comprehensively considering its products and services. The program may call for risk assessments, policies and procedures, training, monitoring and testing issues management, complaint management, and reporting.
- Ensure adherence to the Payment, AML, and Sanction laws set out by Bank Indonesia.
- Assist with obtaining and maintaining a payment license from Bank Indonesia. Including, liaising and addressing queries from the regulator.
- Manage the reporting requirements for periodic submissions to Bank Indonesia.
- Regulatory Examination Management: entirely manage regulatory examinations, including receiving notifications of such reviews, responding to initial examination requests for materials, hosting regulators onsite or offsite, responding to subsequent requests for materials and meetings, and preparing management responses to examinations. Post examination, ensuring findings and recommendations are addressed appropriately.
- Assist the Bytedance's global payments team drive the strategy, framework and execution of the compliance program to ensure applicable Indonesia regulatory requirements are being met comprehensively.
- Monitor AML industry developments, and maintain advanced knowledge of new and amended laws and regulations, and ensure processes are in place to keep the business updated on such developments.
Qualifications
Minimum Qualifications
- Familiarity with regulatory requirements applicable to payment institutions/money service businesses.
- Experience in and understanding of payments, gateway, e-money or wallet products and services, banking functions, MSBs, and/or merchant processing.
- Proven ability to work and execute with minimal supervision or remote management
- A business mindset with a drive to find solutions that allow business and market share growth in a prudent and long-term-oriented approach
Preferred Qualifications
- Minimum 5 years of experience as a compliance risk professional at payment institutions/money service businesses, banks, fin-tech companies, financial regulatory agencies, or professional services firms serving financial institution clients.
- Strong fintech and payment business acumen and product sense
- Good at execution, pressure handling and teamwork.
- Ability to organize work, prioritize tasks and handle multiple assignments simultaneously.
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.
