PayPal

Sr Dir, Ops Compliance

PayPal

September 15, 2021


Who we are: At PayPal (NASDAQ: PYPL), we believe that every person has the right to participate fully in the global economy. Our mission is to democratize financial services to ensure that everyone, regardless of background or economic standing, has access to affordable, convenient, and secure products and services to take control of their financial lives. We’re a purpose-driven company, and our beliefs are the foundation of how we conduct business every day. We’re guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Collectively, these values inspire us to work together as One Team with our customers at the center of everything we do, and to take care of ourselves, each other, and the communities in which we live and work. We challenge the status quo, ask questions, and find solutions. Join us as we enable the hopes, dreams, and ambitions of millions of people around the world.
Job Description Summary: PayPal’s Compliance team is looking for an experienced, highly-engaged and dynamic leader to serve as our Sr. Director, Head of Operations Compliance – PayPal Invest (broker-dealer). The Sr. Director will lead PayPal’s Invest initiatives in this area, including developing global standards based on industry best practices, rules and regulations.
Job Description:
Job Responsibilities
  • Provide advice and guidance to business partners in writing procedures and identification of relevant risks and controls from an Risk & Controls Self Assessment perspective (ensure procedures consistent with applicable FINRA and SEC rules, e.g. 15c3-3).
  • Provide regulatory and compliance subject matter expertise to key business partners within PayPal’s new broker-dealer and affiliated PayPal entities.
  • Perform new product reviews and corresponding regulatory obligations analysis.
  • Assist with sales practice compliance, Custody of Funds compliance, books and records compliance and applicable testing and monitoring.
  • Provide regulatory and compliance oversight, testing and monitoring of Clearing BD and other operational 3rd party vendors.
  • Establish applicable reporting and control framework, as well as assisting in annual risk and compliance testing program.
  • Partner closely with Risk and First Line teams to ensure effective monitoring and controls are in place for brokerage operational functions.
  • Among other duties build best execution and execution quality compliance program.

Requirements
  • Bachelor's degree required (advanced degree, such as MBA or JD is preferred) with 15 years or equivalent experience.
  • 10+ years in a leadership role within a broker-dealer compliance function.
  • Experience with OATS and CAT reporting processes.
  • Active FINRA Series 7 license, and 9/10, 24 or Series 14 preferred.
  • Solid understanding of SEC and FINRA regulations including SEC Regulation Best Interest and Form CRS, and FINRA Best Execution.

Key Competencies
  • Ability to work under pressure, manage multiple projects with competing priorities, meet deadlines, and adapt to change.
  • Ability to identify dependencies and leverage multiple sources of information simultaneously.
  • Solid critical, creative, and analytical thinking, decision making and innovative problem-solving skills
  • Excellent verbal and written communication skills.
  • Strong reputation for integrity and ability to balance business partnership with the need to exercise independence judgment and to raise issues in a timely and constructive manner.
  • Proven ability to develop strong relationships and consensus building with various stakeholders, including senior and executive management.
  • High energy and a desire to work in a result- and team-oriented, rapid growth environment.
  • Ability to work independently and within a team environment.

For more than 20 years, PayPal has remained at the forefront of the digital payment revolution. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, our open digital payments platform gives PayPal’s 400 million active account holders the confidence to connect and transact in new and powerful ways. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying, or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.
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.