Business Risk and Control Lead, GFC&CP Job at PayPal – in Dublin, County Dublin
Job Description Summary: About PayPal PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 361 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. 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 Venmo, Braintree, Honey, 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 builds BIG and NEW products to drive worldwide commerce. Be it the next mobile payments solution, or a high availability money movement platform, they solve problems on a scale you can’t find elsewhere. The business continues to push the boundaries of technology by investing in individuals who passionately believe in the potential of innovative technologies that make up global marketplaces. The Role The Business Risk and Control Lead (“BRCL”) is responsible for helping the Product/Business owner manage the risk that they own over the product/business. The BRCL manages and executes risk processes that (will) exist in the first line, such as risk identification, risk assessment, risk and control evaluation, management and resolution of issues and incidents, Annual Risk and Compliance Plan (“ARCP”) output, and risk reporting for products, functions, and jurisdictions (as applicable). This role will also partner with stakeholders across the Global Financial Crimes and Customer Protection (GFC&CP) organization to effectively coordinate requests and support in drafting responses during regulatory exams and audits. The ideal candidate thrives in high paced, high demand situations, takes initiative and is highly detail oriented.
Responsible for the execution of risk management activities within each their Operational Unit and coordinating with the Business Control Services Center (“BCSC”) for additional execution support.
Drive execution of issue, incident, complaint, and ARCP remediation
Accountable for ensuring adequate Business Continuity Plans
Identify product changes with associated control impacts and ensure appropriate implementation through the Product Development Lifecycle
Maintenance of Governance, Risk, Compliance (GRC) tool data for areas of responsibility
Responding to Internal and External Audit and Testing Engagements (i.e., Second Line of Defense reviews, Internal Audits, Regulatory Examinations)
Partner closely with the Global Regulatory Relations (GRR) team and regional leaders during regulatory exams and engagements to support coordination of requests related to our financial crime and customer protection programs.
Liaise with internal stakeholders to respond to regulatory inquiries and support through all phases of the exam process, including tracking and remediation of identified issues.
Support the development of exam trackers, calendar of upcoming exams, updates for stakeholders and leadership, summary of metrics and meeting presentations.
Support and drive GFCCP BRCL Team with process enhancements.
Review and derive insights from key risk metrics for their business area, interpreting the data provided through dashboards and reporting (such as reg exams, complaints, incidents, etc.) from centralized teams.
Provide assertions on risk exposure and articulate and present escalated risks to management.
Maintain strong understanding of key risk management principles and PayPal products and services within area of responsibility.
Bachelor’s degree or equivalent.
Five years of Audit, Risk, Compliance, Regulatory, banking or similar experience
Experience in managing risks, controls, and/or compliance obligations, preferably in the financial industry including managing or supporting the following:
Identification and assessment of legal and regulatory issues and associated risks.
Execution of risk response plans, including the development, prioritization, and communication of;
Driving adherence to risk and compliance policies and procedures;
Monitoring key risks and identifying emerging risks; and
Navigating within a three lines of defense model to address risk matters.
Experience in control and/or process design
Track record of driving action to support business results
Experience with AML and Sanctions program processes and tools, including customer identification program (CIP), compliance investigations, risk investigations resolutions and protections, etc.
Possess the credibility and reputation to achieve effective working relationships with senior executives across the organized and in a matrixed organization
Ability to provide risk expertise through a practical, business lens
Ability to understand the nuance and risk interaction between product, jurisdiction, and function
Strong project management skills.
Ability to multitask effortlessly and manage competing priorities under demanding deadlines.
Demonstrated ability to learn quickly, manage projects and drive/achieve results.
Strong computer knowledge; excellent MS Word, Excel, Visio, and PowerPoint skills.
Superior verbal and written communication skills.
Operate with strong integrity with the ability to handle projects of a sensitive and confidential nature.
Demonstrates a natural curiosity to understand root cause
Possess sound judgment, flexibility and nimbleness in changing courses and solving problems swiftly.
Demonstrates strong and effective collaboration skills and ability to operate comfortably within a complex cultural, global environment.
Demonstrates understanding of the organization’s strategic direction and objectives in order to articulate and embed the role of risk in enabling strategy
Deep, established credibility with the business to understand and communicate risks generated and impacting the business
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.
Company: PayPal –
Company Location: Dublin, County Dublin