Senior Manager, Prudential Risk

at  Paypal

THE COMPANY

PayPal has been revolutionizing commerce 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, and complete 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 the completion 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 the complexity 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 our communities.
Job Description Summary: As a Prudential Risk Senior Manager within our Global Risk organization, you will lead and drive execution on workstreams related to financial and banking risk regulations, such as the Basel framework and Capital Requirements Directive regulations while performing assessments of key strategic initiatives and supporting business growth.
Job Description:

Key responsibilities of the role include:

• Lead second line oversight for capital, liquidity and other financial risks
• Work closely with various departments within the bank (e.g., Treasury, Finance, Credit) to identify and manage various risks embedded in their activity, with focus on financial and banking risks.
• Provide second line oversight and review of financial reporting processes, including COREP, FINREP and other reporting relevant to execution of prudential risk tasks.
• Lead the development of Internal Capital Adequacy Assessment Process (ICAAP) report for the Lux Bank, and lead on the update of the respective reports and deliverables to be provided to the regulators. Assist other entities of the Group with related reporting.
• In collaboration with our Treasury teams, execute stress testing program, including definition of stress scenarios and operationally running the stress tests.
• Lead preparation of the Lux Bank Recovery Plan, including stress testing and the related analysis for preparation of the report.
• Design improvements to the framework and support the ongoing reporting on prudential and other risk metrics to management and the Supervisory Board to support effective governance and information flow within the entity.
• Review and document the upcoming strategic initiatives and their impact on prudential, financial and funding position of the entity.
• Ensure compliance with the Basel and CSSF requirements, including gap assessments, change management and ongoing review of our processes

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.

WHO WE ARE:

To learn more about our culture and community visit https://about.pypl.com/who-we-are/default.aspx

• Lead second line oversight for capital, liquidity and other financial risks
• Work closely with various departments within the bank (e.g., Treasury, Finance, Credit) to identify and manage various risks embedded in their activity, with focus on financial and banking risks.
• Provide second line oversight and review of financial reporting processes, including COREP, FINREP and other reporting relevant to execution of prudential risk tasks.
• Lead the development of Internal Capital Adequacy Assessment Process (ICAAP) report for the Lux Bank, and lead on the update of the respective reports and deliverables to be provided to the regulators. Assist other entities of the Group with related reporting.
• In collaboration with our Treasury teams, execute stress testing program, including definition of stress scenarios and operationally running the stress tests.
• Lead preparation of the Lux Bank Recovery Plan, including stress testing and the related analysis for preparation of the report.
• Design improvements to the framework and support the ongoing reporting on prudential and other risk metrics to management and the Supervisory Board to support effective governance and information flow within the entity.
• Review and document the upcoming strategic initiatives and their impact on prudential, financial and funding position of the entity.
• Ensure compliance with the Basel and CSSF requirements, including gap assessments, change management and ongoing review of our processe