ByteDance's Global Payments (GP) team seeks a Client Fund Management professional to manage the clearing and settlement of payments.  Responsibilities include transaction and fee reconciliations with channels, managing channel settlement rules and fund risk, merchant on-boarding and settlement, account management, statement generation, and handling client inquiries.  This role also involves bank account reconciliation, monthly account closure, collaboration with internal teams (Product, Tech) on system improvements and operational flows, and supporting new business initiatives.  The ideal candidate will have 5+ years' experience in cash/fund operations within a large MNC or financial institution, strong understanding of global payments fund flows, and familiarity with various countries' settlement systems and regulatory requirements.

<p>Where imagination meets innovation, delivering limitless gaming experiences.</p>

ByteDance

Algorithm Engineer - Enterprise Solution R&D

Android Software Engineer - Global Payment

Security Engineer - Network Security, Anti-DDoS

Account Management, FMCG, Grocery (Philippines E-Commerce)

Algorithm Engineer Intern (Multimedia Lab - Video Processing and Enhancement)

High-Performance Computing Research Scientist (Inference Optimization)

Learning and Development Expert - HR Operations

Data Analyst - Corporate Information System

AMS - Accounts Payable and Reimbursements Shared Services Center Leader

Fashion Account Management Intern

<div class="jobDetail__1UFk5 jobDetail" style="transform: translate(0px, 0px); opacity: 1;"><div class="block-title">Responsibilities</div><div class="block-content">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.

In line with Bytedance's globalization plans, there has been an increasing demand for payment services and financial services such as BNPL 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.

Responsibilities：
1. Responsible for clearing and settlement of Channels signed with PIPO entities, which includes transaction and fee reconciliations with Channels、management of channel settlement rules and fund risk；
2. Responsible for clearing and settlement of Merchant onboarded with PIPO entities，which includes settlement to merchant，management of customer‘s account and statement as well as client queries about statement；
3. Responsible for reconciliation of funds and balance of bank or institutional accounts，as well as handling of relevant reconciliation differences;
4. Responsible for monthly closure of bank and institutional accounts and assisting with group's financial department in accounting;
5. Work with internal teams such as Product, Tech and other cooperation teams to build up system capabilities and setup new operational flows；
6. Work with internal teams to provide customer fund ops solutions for new business initiatives and support projects for new business launches.</div><div class="block-title">Qualifications</div><div class="block-content">Minimum Qualifications:
- 5+ years of experience within large MNC or financial institutions in cash/fund operation positions, 
- Familiar with the procedures of fund clearing/settlement and reconciliations from both corporate and bank perspectives, and knowledge of fund flows of global payments 
- Familiar with the fund settlement and clearing system in major countries and knowledge of relevant central banks' clearing rules and regulatory requirements;

Preferred Qualifications:
- Bachelor or Master Degree in Finance, Economics and Accounting areas
- Exposure to global customer fund operations as well as in-house system build-up related experiences
- Good quick learner and strong analysis skills 

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.</div></div>

Client Fund Management, Treasury - Global Payment