Sr Mgr, Credit Risk Oversight


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: Head of Credit Risk Oversight will report to the Director, Head of Credit Risk Oversight, and will have global oversight for PayPal’s Credit risk.
Job Description:
Position Summary/Responsibilities:
Head of Credit Risk Oversight will report to the Director, Head of Credit Risk Oversight, and will have global oversight for PayPal’s Credit risk.
  • Establishment and maintenance of the Credit Risk Management Framework and Governance including:
    • Maintenance of Credit Risk Management policies and procedures
    • Establishment of Credit Risk Appetite, KPI, Risk triggers, and concentration risks
    • Creation of Early Warning Indicators Dashboard
    • Provide oversight to underwriting and account management processes including the use of models and data and collection process
  • Provide Oversight of credit risk activities to ensure compliance with regulatory requirements by different jurisdictions
  • Assess, review and analyze current credit strategy and exposure limits/thresholds to ensure alignment to the Risk Appetite
  • Ensure adherence to changes in the business model and/or regulatory environment
  • Establish and review the Credit risk tolerance framework and roll it out globally
  • Independently assess, review and analyze assumptions used in Credit/Loan Loss models
  • Develop Credit risk mitigation strategies including appropriate use of models to ensure credit risk taken is within a defined tolerance
  • Support development of a series of key risk indicators and other reporting that will be leveraged for senior management, committees, and boards

The role requires a senior and seasoned risk leader preferably with a deep banking background in Credit Risk or senior risk leader with broad Risk accountability at a large complex financial institution.
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 challenge in an effective and respectful manner.
  • Candidate must have advanced degree in quantitative or Finance area
  • Experience leading a Risk oversight function within a multidivisional, complex organization where business process and data integrity are critical. Ideally, expertise in high transaction, data intensive, payment services environments.
  • The role requires sophisticated quantitative skills and candidates must have led a quantitative risk function for a bank or consumer financial services business.
  • Experience leading a risk function which has produced risk appetite statements and Risk metrics. This must include an understanding of building and operating a 2nd line Risk framework that delivers transparent, well-understood merchant risk policies for stakeholders.
  • 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 stakeholders. This will enable them to build a fully functionalized model for robust and transparent Risk leadership.

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.