Responsibilities
About ByteDance
Founded in 2012, ByteDance's mission is to inspire creativity and enrich life. With a suite of more than a dozen products, including TikTok 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.
About the team
In line with Bytedance's globalization plans, there has been an increasing demand for payment services to: (1) enhance and support our current business needs; and (2) increase our service offerings to the end user. As such, the need for payment services has gradually increased in our overseas business development strategy. Whether it's paying money to creators/users to encourage user growth, or offering paid services to users, payments have become an important step in our integrated service offerings.
In order to facilitate and provide such services, Global Payments ("GP") was set up. GP is supported by a group of payments licensed entities which are subsidiaries under Bytedance Ltd.
About the role
We are seeking for an individual to implement and manage risks associated with both corporate activities and regulatory compliance, ensuring that the organization operates within both internal risk frameworks and external regulatory boundaries. This dual role combines the responsibilities of overseeing enterprise risk management (ERM) with a specialized focus on regulatory compliance, ensuring alignment with laws, regulations, and corporate governance standards. This position requires strong knowledge of regulatory frameworks, risk management practices, risk controls and the ability to adapt to an evolving regulatory landscape.
Key Responsibilities
1. ERM Framework Development and Implementation
- Develop and implement the ERM framework, ensuring alignment with industry standards and best practices.
- Identify and assess enterprise risks, with a focus on regulatory compliance, and develop strategies to mitigate these risks.
- Conduct risk assessments and update the risk profile regularly to reflect current and emerging risks.
2. Regulatory Compliance
- Monitor changes in laws, regulations, and guidelines relevant to the business and assess their impact.
- Develop, implement, and enforce policies and procedures to ensure compliance with regulatory requirements.
- Provide guidance on regulatory compliance matters and support departments in developing compliant processes.
3. Risk Monitoring and Reporting
- Establish and monitor key risk indicators (KRIs) for regulatory risks and ensure they are within acceptable thresholds.
- Prepare reports on compliance and regulatory risks for senior management and the board, highlighting any significant issues or trends.
- Track incidents of non-compliance and work with relevant departments to develop corrective actions.
Qualifications
Minimum Qualifications
- Strong knowledge of ERM frameworks, regulatory compliance standards, and risk assessment methodologies.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong communication and interpersonal skills, with the ability to engage effectively with stakeholders at all levels.
- High ethical standards and integrity, with a strong commitment to compliance and regulatory requirements.
Preferred Qualifications
- At least 5 years of experience in compliance, regulatory risk management, or corporate risk roles, ideally in a highly regulated industry
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.