PayPal VP Int ' l Risk & Governance Officer 

Luxembourg, Luxembourg 

335505767

This position, Vice President, International Risk and Regulatory Officer, will report directly to the Chief Enterprise Risk Officer. The role is a second line of defense role, and the leader will have the key responsibilities to lead and oversee critical risk management programs, policies, governance and oversight of all international PayPal entities. This includes the development and implementation of risk programs, methodologies and protocols enabling compliance with the European Central Bank, UK FSA and other key international regulatory bodies. These risk capabilities are critical to the expansion and growth goals of the firm and set an enhanced firmwide standard for risk management for a complex firm such as PayPal. The ECB Uplift Program, will be a key mandate for this executive as we near the key criteria for enhanced EU supervision including:► Total assets > €30bn (in LUX, > €14bn)► One of three largest in the Member State
► Significant relevance for the domestic economyThis highly visible role requires exceptional leadership and influencing skills across continents, business lines and key risk and control partners within the broader PayPal organization as well as key Regulatory stakeholders outside of the United States.

Key Responsibilities:

• Accountable for all International 2nd Line of Defense Risk Management activities; including but not limited to:
  • Credit Risk
  • Operational Risk
  • Fraud Risk
  • Financial Risk, including Liquidity and Capital
  • Risk Appetite statement development, tracking and compliance
  • Issue management tracking and resolution
  • Third Party Oversight
  • AML/BSA requirements
• Develop and execute risk management capabilities to comply with European Central Bank regulations.
• Target an ECB rating as a low-risk institution with a supervisory intensity of 1 or 2.
• Developa holistic risk strategyto successfully master the SSM’s Risk Assessment System (RAS) during the SREP cycle
• Develop capabilities to minimize Pillar 1 + Pillar 2 required capital. Together these are called Total SREP Capital Requirement (TSCR); through the effective development, implementation and execution of risk management, profitability and liquidity at levels deemed adequate by the ECB
• Develop risk policy and second line of defense capabilities to support ongoing growth of the firm in all PayPal International business lines.
• Ensure business strategy and execution are consistent with risk appetite limits approved by the overall Board, local Boards and provided and monitored to Regulatory agencies
• This role will be the primary senior executive in Europe tasked with building and maintaining appropriate Regulatory relations for the firm and will stay abreast of all changes within the EU to ensure the firm remains in compliance with Regulatory mandates.
• The leader of this role will also lead the Chief Risk Officers of all international operating entities including the CRO for the UK, Singapore, China, and Australia in addition to all European countries.
• The successful leader will drive consistency in framework, where applicable, with all PayPal markets ensuring effective resource optimization across countries and to ensure the enablement of controls to ensure compliance with all regulatory mandates.
• Support Capital and Liquidity Stress testing and ensure alignment with local entity business financials and local regulatory capital and liquidity standards.
• Drive an effective risk culture across all international entities that is consistent and aligned with the corporate culture including driving business unit accountability and ownership of key risks.
• 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.

Qualifications:

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.

• Experience leading complex risk management functions within a multidivisional, complex organization where regulatory compliance, effective risk management, strong business processes are critical. Ideally, expertise in high transaction, data intensive, consumer-lending environments.
• A breadth of risk expertise including regulatory compliance, ERM program development and execution, credit, fraud, liquidity, capital, stress testing and other financial risks. The role requires sophisticated risk management skills and candidates must have led a sizeable risk function for a bank or consumer financial services business.
• Experience leading a coherent financial risk or CRO function which has produced risk appetite statements, risk metrics, risk processes including credit approval and early warning systems. This must include an understanding of building and operating a risk framework that delivers transparent, well-understood, financial risk policies for the business front line.
• A track record as an established leader who is equally strategic as they are tactical, and of the stature to build a peer relationship with business management. This will enable them to build a fully functionalized model for robust and transparent risk leadership, as well as a financial risk function that is commercially and strategically aligned.
• The successful candidate must have experience in successfully distilling and presenting complex regulatory, risk and reporting matters to the most senior levels of the organization.
• 20+ years of proven executive-level; leadership experience in managing large-scale global operations for complex, global, publicly traded companies.
• Previous experience serving as a Chief Risk Officer for a large, highly regulated entity
• Strong analytical skills and ability to interpret complex data to inform decision-making.
• Deep understanding of operational processes across a variety of business functions including finance, sales, marketing, risk, compliance, legal, etc.
• Excellent communication and cross-cultural collaboration skills.
• Expertise in project management and process improvement methodologies.
• Familiarity with relevant regulatory compliance requirements.

• Strong financial acumen and ability to manage budgets effectively.
• Bachelors Degree in business administration, operations management, or a related field – MBA or Masters Degree strongly preferred.

Our Benefits:

Any general requests for consideration of your skills, please