Job Description

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:

Working as part of the global Regulatory Governance and Reporting team, the role will manage and lead the Regulatory Reporting obligations of PayPal (Europe) Sárl et Cie SCA and PayPal UK Ltd to EU and UK Financial Regulators including the BCL, CSSF, FCA, PRA and Bank of England.

Job Description:

Job Description:

• Manage and oversee the submission of accurate and timely reporting to EU and UK regulators as prescribed by legislation and published Circulars, including prudential, statistical and credit reports.
• Lead a team of Regulatory Reporting professionals executing to a high standard and supporting their career development.
• Collaborate with key stakeholders including PP Lux and UK Leadership, Regulatory Reporting Leadership, Finance Controllership, Finance Systems, Data Technology, Treasury, Product, Compliance, Risk and Credit teams.
• Monitor, forecast and publish relevant internal regulatory metrics, primarily related to Capital and Liquidity of licensed entities.
• Act as Regulatory Reporting gate keeper for new regulation, new products and product changes in credit and e-money for the EU and UK markets.
• Support M&A integrations for EU and UK regions
• Integrate new license obligations, continuously validate and existing reporting obligations and related data requirements.
• Manage the end-to-end data process and business partners to complete timely report production utilizing dedicated regulatory reporting applications.
• Ensure data integrity and controls with reconciliations to source systems and against financial accounts. Resolve any exceptions through process improvements and holding data providers accountable for data quality.
• Monitor the development of regulations in the UK and EU ensure advance awareness and preparatory tasks are undertaken early to implement foreseen changes; Liaise with Compliance, Legal and Regulators regarding new publications.
• Strive to create efficiencies in processes, in particular focusing on risk reduction through prioritizing automation and maximizing the use of existing technologies.
• Review and manage detailed standard operating procedures and checklists focusing heavily on internal controls throughout;
• Prepare and present periodic updates to Finance Leadership.
• Challenge, resolve and communicate any issues to internal stakeholders, whilst adhering to the Enterprise Issue Management Policy
• Liaise with internal and external auditors ensuring all requests and any issues are addressed timely and accurately;      
• Assist the Global Regulatory Reporting and Governance team in any related initiatives outside of EMEA.

Requirements:

• 8 years + experience preferably with a Big 4 background in Finance and Regulatory e-commerce/payments/risk/financial services industries;
• Strong interpersonal skills including coaching, mentoring and developing team members.
• High level of expertise in sourcing, interrogating and manipulating data in various forms/code from multiple systems/platforms;
• Technical knowledge dealing with multiple data systems and regulatory reporting platforms, including experience with SAP and Wolters Kluwer OneSumX.
• Keen analytical and problem solving experience with a strong focus on quality assurance of output;
• Understanding of regulations affecting the Banking, Payments and Credit industries across the UK, EMEA and globally
• Familiarity with local and international accounting standards;
• Excellent written and oral communication and interpersonal skills with fluency in English mandatory;
• Attention to detail and the ability to prioritize and deliver in a fast paced and dynamic environment with a high degree of personal accountability, integrity and trust;
• Demonstrated ability to work effectively within cross functional and remote teams;
• Good sense of humor and ability to create and maintain a balanced, positive work environment for direct reports and the broader Regulatory team.
• Ability to share information, transfer knowledge and expertise to team members;
• Availability to travel
• Strong process improvement skills;
• Willingness to take on additional Regulatory Reporting work unrelated to EMEA;
• Ability to escalate issues and seek guidance as required.

Additional Job Description:

Subsidiary:

PayPal

Travel Percent:

0

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:

Click Here to learn more about our culture and community.

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 talentaccommodations@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.

]]>