ERM Risk Specialist – Multi-Finance (Indonesia) - Global Payment Corporate Functions Jakarta Selatan Regular

Bytedance; Jakarta Pusat; On-site; IDR 600,000,000 - 900,000,000; Full time

Job summary

ByteDance in Indonesia seeks an ERM Risk Specialist to shape risk strategy for the Multifinance business. You will develop governance, assess credit, operational, and compliance risks, and partner with product, underwriting, and tech teams to embed a proactive risk culture across markets.

The role requires 5+ years in risk within a financing environment, Bahasa Indonesia and English fluency, and knowledge of OJK regulations. Regular collaboration with senior management and the Board is expected.

Qualifications

• Bachelor's degree in Finance, Risk Management, Economics, Accounting, or related field.
• 5+ years of experience in credit risk, SME/merchant lending, or internal audit.
• Knowledge of OJK regulations for financing companies and AML/CFT requirements.
• Experience with merchant/SME creditRisk modelling and portfolio monitoring.
• APPI certification is an advantage.

Responsibilities

• Develop, maintain, and improve the Indonesia enterprise risk management framework, risk register, policies, standards and procedures.
• Identify and assess risks in Consumer and Merchant Financing, including credit, portfolio concentration, cash-flow and operational risks.
• Establish risk appetite, limits and escalation thresholds for the Multifinance entity with functional risk owners.
• Support RMC in policies, risk strategies, and risk management evaluations.
• Evaluate controls and residual risks; ensure remediation for material issues.
• Monitor KRIs, conduct risk reporting to management and the Board.
• Coordinate with Technology, Security, and Financial Crime for a holistic risk view.
• Deliver risk management training and promote a strong risk culture.

Skills

Fluency in Bahasa Indonesia

Fluency in English

Quantitative analytics

Cross-functional collaboration

Risk governance

Education

Bachelor's degree in Finance

Bachelor's degree in Risk Management

Professional risk certification (CRMP/FRM/CRP/CA)

Job description

ERM Risk Specialist – Multi-Finance (Indonesia) - Global Payment

Location:

Team:

Corporate Functions

Employment Type:

Regular

Job Code:

A252554A

Share this listing:

Responsibilities

Global Payment Compliance builds the regulatory compliance team, systems, and controls that proactively mitigate regulatory risk and enable business growth through robust frameworks and global license acquisition.We are compliance risk managers, driving an effective, end-to-end framework across markets. We are also partners to the business, working closely with teams to support growth through global licensing coverage, sound regulatory strategy, and sustainable compliance solutions. We navigate complex and evolving regulatory requirements across global markets, bringing those requirements into business decisions early, building scalable frameworks, and securing critical licenses along the way. That work is what earns regulatory trust and makes growth possible in new and existing markets.You will shape compliance strategy at a global scale, directly influencing how Global Payment enters markets, builds products, and grows sustainably.

• Develop, maintain and continuously improve the Indonesia enterprise risk management framework, risk register, policies, standards and procedures.
• Identify and assess risks inherent to the Consumer and Merchant Financing business, including but not limited to consumer and merchant credit/default risk, portfolio concentration risk (by user/merchant segment, category or platform tenure), cash-flow and repayment risk, operational and technology risk, fraud risk, and third-party/BPO risk.
• Establish and maintain the risk appetite, risk limits and escalation thresholds for the Multifinance entity, partnering with respective functional risk owners.
• Support the Multifinance entity's Risk Management Committee (RMC) in fulfilling its OJK-mandated functions: (a) developing policies, strategies and guidelines for the implementation of risk management; (b) improving or adjusting risk management implementation based on the results of risk management evaluations; and (c) determining matters related to business decisions that deviate from normal procedures.
• Identify and assess controls and the control environment for the Multifinance entity to derive the entity's residual risks; evaluate residual risks and ensure that risks above appetite have clear risk decisioning.
• Support Indonesia-related Compliance Assurance programs and perform testing in accordance with the Compliance Assurance methodology.
• Monitor corrective actions and verify that material control weaknesses are remediated effectively.
• Evaluate and evolve risk measurement methodologies for the consumer and merchant financing portfolio.
• Monitor the company's risk profile and elevate material exposures, limit breaches and control deficiencies; liaise with risk owners to formulate remediation actions.
• Track compliance with regulatory lending limits.
• Coordinate and prepare materials for entity or local Risk Management Committee (RMC) meetings, track action items, and elevate emerging risks; provide recommendations to business and product teams and to the RMC on risk treatment (mitigate, accept, transfer, etc.).
• Ensure that proposed products, activities, material changes and cooperation arrangements undergo appropriate risk assessment and obtain required OJK approval before implementation.
• Prepare and submit periodic risk profile reports and portfolio quality dashboards to the RMC, senior management, and the Board of Directors / President Director.
• Monitor key risk indicators (KRIs) across all risk types and prepare regular risk reporting for local management and input into regional/Board reporting.
• Partner with Compliance to identify local regulatory requirements (e.g., OJK financing company regulations) that should feed into the risk register and training needs.
• Act as the first point of contact for risk owners in the business, providing guidance on risk identification, scoring, and treatment options.
• Coordinate with respective second-line stakeholders (e.g., Technology, Security, Financial Crime) to provide a holistic view of the risk landscape of the entity.
• Deliver risk management training and promote a strong risk culture throughout the business.
• Support effective coordination between local management, regional risk functions and group control functions.

Qualifications

• Minimum Qualification(s)- Bachelor's degree in Finance, Risk Management, Economics, Accounting, or a related field; a professional risk certification (e.g., CRMP, FRM, CRP, CA) is an advantage.
• 5+ years of experience in credit risk, SME/merchant lending, or internal audit, ideally within a financing company, multifinance, or e-commerce financing environment regulated by OJK.
• Working knowledge of OJK regulations applicable to financing companies (Perusahaan Pembiayaan) and Indonesia's AML/CFT requirements for financial institutions.
• Experience with merchant/SME credit risk modelling, portfolio monitoring, or collections analytics.
• Holding a Risk Management certification from APPI (Asosiasi Perusahaan Pembiayaan Indonesia) certification one level below Director is an advantage.
• Fluency in Bahasa Indonesia and English (written and spoken).
• Strong quantitative and analytical skills; comfortable working with merchant transaction, credit, and collections data.
• Sound understanding of enterprise risk management frameworks and merchant/SME credit risk drivers.
• Clear written and verbal communication for reporting to committees and senior management.
• Ability to work cross-functionally with product, underwriting, collections, and technology teams.
• High attention to detail and sound judgement in a fast-moving, regulated financing environment.
• Proactive, able to work independently while escalating issues appropriately.

Job Information

About Us

Founded in 2012, ByteDance's mission is to inspire creativity and enrich life. With a suite of more than a dozen products, including TikTok, Lemon8, CapCut and Pico 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 ByteDance

Inspiring creativity is at the core of ByteDance's mission. Our innovative products are built to help people authentically express themselves, discover and connect – and our global, diverse teams make that possible. Together, we create value for our communities, inspire creativity and enrich life - a mission we work towards every day.

As ByteDancers, we strive to do great things with great people. We lead with curiosity, humility, and a desire to make impact in a rapidly growing tech company. By constantly iterating and fostering an "Always Day 1" mindset, we achieve meaningful breakthroughs for ourselves, our Company, and our users. When we create and grow together, the possibilities are limitless. Join us.

Diversity & Inclusion

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.