Financial Crime DirectorThepany
PayPal has been revolutionizingmerce 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, andplete 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 thepletion 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 theplexity 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 ourmunities.
Job Summary:
Embed financial crime risk oversight within the first line in the UK and ensurepliance with regulatory obligations including UK Money Laundering regulations and FCA Consumer Duty requirements.
Job Description:
Your day to day will look like:
1. Owns and manages day-to-day FCR, acting as Financial Crime UK Entity Service Owner (ESO)
2. Responsible for FLOD monitoring and assurance activities to evaluate the effectiveness of financial crime controls and respond to emerging threats, reducing exposure to financial crime
3. Monitor and manage service-level agreements (SLAs) with the outsourced group entities to ensure adherence to agreed performance and risk management standards.
4. regularly assess how financial crime controls impact customer oues, identifying and addressing gaps in customer fairness, transparency, and support
5. Usses MI to monitor control performance and escalates issues via OCCO and ARCC as appropriate
6. Partnering with global teams to conduct detailed analysis of system configurations for transaction monitoring and filtering
7. Provide input on investigative procedures and helping to refine investigative decision making criteria that optimize for both effectiveness and efficiency.
8. Root cause analysis for financial crime incidents or control failures and oversee the implementation of corrective actions, including improvements to outsourced processes.
9. Develop strategies to execute against UK policy requirements,
10. Ensures relevant training is given to operational teams to reinforce culture ofpliance
11. Conducts FLOD FC risk assessments for new products and advises on control requirements
Ideally you would have:
12. 10+ years of professional and leadership experience, at least 7 of which are in AML or the broader financial services industry
13. Exceptional written and oralmunication skills with prior experience delivering or presenting to regulators/external stakeholders
14. Proven ability to execute in a fast paced and deadline driven environment
15. Exceptional collaboration skills, within function and across peer stakeholders
Preferred Qualification:
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'remitted 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 //paypalbenefits.
Who We Are:
Click Here to learn more about our culture andmunity.
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 amodations for qualified individuals with disabilities. If you are unable to submit an application because of ipatible assistive technology or a disability, please contact us at talentamodations@paypal.
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, andmunities 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 Talentmunity.
We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don't hesitate to apply. Job ID R0127662