Responsibilities
About the Team:
Our Global Legal team provides key support for all TikTok's innovative initiatives, state-of-the-art products, and integrated platforms servicing our global video market. We help our technological and business teams enable their vision by providing integrated legal guidance and support. The Global Payment business (referred to as PIPO) provides an important role in the monetization of Bytedance products, but is also in the heavily regulated industry of financial services that requires a specific expertise and attention to regulatory compliance requirements. The ideal candidate will have a good background in the global payments industry, as well as excellent judgment, acute ability to identify issues of first impression, and have the courage to counsel a fast-moving business. The following describes the responsibilities and requirements for the role.
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Responsibilities:
- Serve as the lead legal business partner and counsel for the Global Payments organization leading a team of legal professionals across all payment matters globally
- Advise the Global Payment team on a range of issues including payments, regulatory, consumer protection, marketing, intellectual property, risk assessment/compliance and data privacy related to Bytedance payment activities worldwide with both businesses and consumers.
- Structure, draft and negotiate channel partner agreements with our payment partners
- Actively collaborate with a wide variety of internal stakeholders, including product, engineering, compliance, marketing, business development on a range of issues related to product development and commercialization of global payment projects and services
- Work closely with colleagues across the global legal team to advise on payment issues in connection with the launch of projects or programs in the destination countries/regions.
- Help build scalable and effective processes for legal review and launch of new payment features and products
- Stay up-to-date and serve as the subject matter expert of financial service regulations for ByteDance, including payments, money transmission, virtual currency, gifts, stored value card, KYC and KYB
- Participate as a proactive business partner for senior managers and build a trusted advisor relationship
Qualifications
Minimum Qualifications:
- Qualified lawyer with proven experience in-house supporting global payment companies. Global exposure and experience gained in the Fintech startup space would be highly advantageous.
- Familiar with the payments and financial services sector to counsel and assist with licensing and compliance requirements.
- An entrepreneurial spirit - a self-starter who thrives in a fast paced environment, deals well with ambiguity and focuses on driving impact
- A passion for technology and the ability to understand complex business models and product use cases quickly
- Excellent judgment and capable of making smart decisions with imperfect information
- Strong communication skills (both written and verbal) and presentation skills
- Independent, hard-working, well organized and able to prioritize and manage numerous projects simultaneously and ability to work under tight deadlines
Job Information
[For Pay Transparency] Compensation Description (annually)
The base salary range for this position in the selected city is $242000 - $492800 annually.
Compensation may vary outside of this range depending on a number of factors, including a candidate's qualifications, skills, competencies and experience, and location. Base pay is one part of the Total Package that is provided to compensate and recognize employees for their work, and this role may be eligible for additional discretionary bonuses/incentives, and restricted stock units.
Benefits may vary depending on the nature of employment and the country work location. Employees have day one access to medical, dental, and vision insurance, a 401(k) savings plan with company match, paid parental leave, short-term and long-term disability coverage, life insurance, wellbeing benefits, among others. Employees also receive 10 paid holidays per year, 10 paid sick days per year and 17 days of Paid Personal Time (prorated upon hire with increasing accruals by tenure).
The Company reserves the right to modify or change these benefits programs at any time, with or without notice.
For Los Angeles County (unincorporated) Candidates:
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws including the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act. Our company believes that criminal history may have a direct, adverse and negative relationship on the following job duties, potentially resulting in the withdrawal of the conditional offer of employment:
1. Interacting and occasionally having unsupervised contact with internal/external clients and/or colleagues;
2. Appropriately handling and managing confidential information including proprietary and trade secret information and access to information technology systems; and
3. Exercising sound judgment.