What are the responsibilities and job description for the Sr Director, Financial Risk Management position at PayPal?
The Company
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy.
We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, whether they are online or in person. PayPal is more than a connection to third-party payment networks. We provide proprietary payment solutions accepted by merchants that enable the completion of payments on our platform on behalf of our customers.
We offer our customers the flexibility to use their accounts to purchase and receive payments for goods and services, as well as the ability to transfer and withdraw funds. We enable consumers to exchange funds more safely with merchants using a variety of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products such as gift cards, and eligible credit card rewards. Our PayPal, Venmo, and Xoom products also make it safer and simpler for friends and family to transfer funds to each other. We offer merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as instant access to funds and payouts. We also help merchants connect with their customers, process exchanges and returns, and manage risk. We enable consumers to engage in cross-border shopping and merchants to extend their global reach while reducing the complexity and friction involved in enabling cross-border trade.
Our beliefs are the foundation for how we conduct business every day. We live each day guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Together, our values ensure that we work together as one global team with our customers at the center of everything we do – and they push us to ensure we take care of ourselves, each other, and our communities.
Job Description Summary:
This position, Senior Director – Financial, Liquidity, Market, Credit Risk & ERM Chief of Staff will report directly to the Chief Enterprise Risk Officer. This role is a critical member of the Global Risk team and requires an individual with unique and specialized financial, risk and management expertise. This role will interface with Executive leaders globally thorough out the firm with key relationships required in both Corporate Finance and Treasure. Moreover, the leader in this role will have interactions with Executive Vice Presidents, Senior Vice Presidents and key external constituents including domestic and international regulators.
Job Description:
Responsibilities and Objectives:
From a cultural perspective, this leader will need to fit into the PayPal leadership model that will require strong financial acumen, self-confidence and the ability to push back but in a respectful manner.
Demonstrated experience in budgeting, financial planning, expense savings programs, and efficiency programs.
Actual Compensation is based on various factors including but not limited to work location, and relevant skills and experience.
The total compensation for this practice may include an annual performance bonus (or other incentive compensation, as applicable), equity, and medical, dental, vision, and other benefits. For more information, visit https://www.paypalbenefits.com.
The U.S. national annual pay range for this role is PayPal is committed to fair and equitable compensation practices.
Actual Compensation is based on various factors including but not limited to work location, and relevant skills and experience.
The total compensation for this practice may include an annual performance bonus (or other incentive compensation, as applicable), equity, and medical, dental, vision, and other benefits. For more information, visit https://www.paypalbenefits.com.
The U.S. national annual pay range for this role is $143400 to $285450
For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.
Our Benefits:
At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.
We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit https://www.paypalbenefits.com
Who We Are:
To learn more about our culture and community visit https://about.pypl.com/who-we-are/default.aspx
Commitment to Diversity and Inclusion
PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state, or local law. In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at paypalglobaltalentacquisition@paypal.com.
Belonging at PayPal:
Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.
Any general requests for consideration of your skills, please Join our Talent Community.
We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.
Notice to Applicants and Employees who reside within New York city. Click https://careers.pypl.com/Contact-Us/default.aspx
to view the notice.
REQ ID R0124507
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy.
We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, whether they are online or in person. PayPal is more than a connection to third-party payment networks. We provide proprietary payment solutions accepted by merchants that enable the completion of payments on our platform on behalf of our customers.
We offer our customers the flexibility to use their accounts to purchase and receive payments for goods and services, as well as the ability to transfer and withdraw funds. We enable consumers to exchange funds more safely with merchants using a variety of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products such as gift cards, and eligible credit card rewards. Our PayPal, Venmo, and Xoom products also make it safer and simpler for friends and family to transfer funds to each other. We offer merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as instant access to funds and payouts. We also help merchants connect with their customers, process exchanges and returns, and manage risk. We enable consumers to engage in cross-border shopping and merchants to extend their global reach while reducing the complexity and friction involved in enabling cross-border trade.
Our beliefs are the foundation for how we conduct business every day. We live each day guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Together, our values ensure that we work together as one global team with our customers at the center of everything we do – and they push us to ensure we take care of ourselves, each other, and our communities.
Job Description Summary:
This position, Senior Director – Financial, Liquidity, Market, Credit Risk & ERM Chief of Staff will report directly to the Chief Enterprise Risk Officer. This role is a critical member of the Global Risk team and requires an individual with unique and specialized financial, risk and management expertise. This role will interface with Executive leaders globally thorough out the firm with key relationships required in both Corporate Finance and Treasure. Moreover, the leader in this role will have interactions with Executive Vice Presidents, Senior Vice Presidents and key external constituents including domestic and international regulators.
Job Description:
Responsibilities and Objectives:
- Primarily, this leader will have overall accountability for PayPal’s second line of defense financial risk management.
- Serve as a subject matter expert in credit, liquidity, market risk, capital and other financial risk disciplines.
- Is an expert on capital stress testing and international regulatory requirements including ICAAP, CCAR and other similar prudential requirements for advanced financial institutions.
- Responsible for the quality, timely and accurate reporting of Prudential risk reporting across the franchise.
- Establish the financial risk function and support the firms enhanced risk appetite framework globally.
- Support development of a series of key risk indicators and other reporting that will be leveraged for senior management, management and committees, and boards.
- Help monitor multiple data sources, including but not limited to, testing results, issues, and risk assessments, to identify and escalate trends and patterns.
- Proactively identify key risks to capital and liquidity, monitoring global regulatory requirements and minimums
- Analyze, monitor, inform and escalate on contingency liability matters with key third parties and critical entities supporting any PayPal holdings business.
- Serve as the Chief of Staff for Enterprise Risk Management including overall budget and expense management, efficiency programs and people programs in conjunction with HR People leaders.
- This candidate will also need to build strong relationships with PayPal business partners and within the ERCS organization to be effectively positioned to understand, communicate and influence plans, results, issues, and outcomes.
- This leader will be a member of the Enterprise Risk Management Committee and will present to various management committees and boards.
- This leader will work effectively in a complex, fast-paced matrixed environment, replete with tight deliverable timeframes and multiple stakeholders, both internal and external.
- This position is expected to act independently and demonstrate strong initiative.
- This leader needs to influence outcomes, minimize and address conflict and demonstrate in-depth understanding of compliance and operational risks.
- The role requires a sense of urgency, passion for results, and personal accountability for achievement.
- Demonstrate effective performance management/development practices in place to keep team current with emerging technology advancements/trends to support business needs
- This leader will work effectively in a complex, fast-paced matrixed environment, replete with tight deliverable timeframes and multiple stakeholders, both internal and external.
- This position is expected to act independently and demonstrate strong initiative.
- This leader needs to influence outcomes, minimize and address conflict and demonstrate in-depth understanding of regulatory, credit, liquidity, market, fraud, compliance and operational risks.
- The role requires a sense of urgency, passion for results, and personal accountability for achievement.
From a cultural perspective, this leader will need to fit into the PayPal leadership model that will require strong financial acumen, self-confidence and the ability to push back but in a respectful manner.
- A Bachelors degree or equivalent, and 12 years of experience (6 years management experience), a Masters degree preferred
- Extensive leadership experience in high transaction, large/complex/matrixed business environment within Financial Services
- Managed a multi-site team of at least 25 FTEs
- Significant experience in Credit, Market, Liquidity and Capital risk management including:
- Stress testing frameworks, e.g. CCAR, ICAAP, etc.
- Off Balance Sheet transactions
- Debt Sales and structuring
- Capital Markets hedging strategies
- FEX hedging
- Risk Modeling
- Proven ability to work with third party regulators
- Strong communicator who can articulate vision across team and businesses
- Advanced written and presentation skills
- Excellent leadership, teamwork, and client service skills
- Strong analytical skills and ability to interpret complex data to inform decision-making.
- Deep understanding of operational processes across technology functions
- Expertise in project management and process improvement methodologies.
- Familiarity with relevant regulatory compliance requirements.
- Strong financial acumen and ability to manage budgets effectively.
Actual Compensation is based on various factors including but not limited to work location, and relevant skills and experience.
The total compensation for this practice may include an annual performance bonus (or other incentive compensation, as applicable), equity, and medical, dental, vision, and other benefits. For more information, visit https://www.paypalbenefits.com.
The U.S. national annual pay range for this role is PayPal is committed to fair and equitable compensation practices.
Actual Compensation is based on various factors including but not limited to work location, and relevant skills and experience.
The total compensation for this practice may include an annual performance bonus (or other incentive compensation, as applicable), equity, and medical, dental, vision, and other benefits. For more information, visit https://www.paypalbenefits.com.
The U.S. national annual pay range for this role is $143400 to $285450
For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.
Our Benefits:
At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.
We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit https://www.paypalbenefits.com
Who We Are:
To learn more about our culture and community visit https://about.pypl.com/who-we-are/default.aspx
Commitment to Diversity and Inclusion
PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state, or local law. In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at paypalglobaltalentacquisition@paypal.com.
Belonging at PayPal:
Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.
Any general requests for consideration of your skills, please Join our Talent Community.
We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.
Notice to Applicants and Employees who reside within New York city. Click https://careers.pypl.com/Contact-Us/default.aspx
to view the notice.
REQ ID R0124507
Salary : $143,400 - $285,450
