PayPal Manager, Risk and Compliance in Sydney, Australia
Manager, Risk and Compliancein Sydneyat PayPal
Date Posted: 1/8/2019
Employee Type: Full-Time
Experience: Not Specified
Date Posted: 1/8/2019
Job ID: R0041127
Fueled by a fundamental belief that having access to financial services creates opportunity, 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 254 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 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.
The Risk and Compliance Manager is responsible for supporting the Risk and Compliance Officer in second line oversight for all risk disciplines, including Compliance, across all lines of business in the country.
This position is charged with the implementation of the global GGRC strategic plan and policies & standards to drive an industry-leading, data-driven approach to excellence in enterprise risk and compliance management that meets both the PayPal Enterprise Risk Management Framework and all local regulatory requirements.
Supporting the Risk and Compliance Officer in delivering on the regulatory requirements of the Chief Compliance Officer and Chief Risk Officer across PayPal business in Australia this position will ensure that the appropriate fit for purpose processes & systems are in place to enable PayPal to identify, manage, and mitigate risk across the businesses in the country.
The Risk and Compliance Manager will provide oversight by:
Maintaining & managing Policy & Procedure Governance;
Monitoring Risk Appetite Governance & Reporting;
Ensuring inventory of relevant obligations is properly maintained and adhered to;
Supporting maintenance of risks in line with risk taxonomy, framework & assessment process;
Providing objective, independent risk and compliance assessments & recommendations;
Supporting 1st line in prioritization of risk mitigation;
Establishing and maintaining effective stakeholder engagement across PayPal and key regulators; and
Escalating timely and actionable information to key stakeholders.
Responsibilities will include:
Manage relationships and exam reviews with all relevant regulators – primarily ASIC/APRA
Establish processes with Legal and Governance Relations to ensure awareness of all regulatory changes relevant to PayPal across operations in the country.
Maintain and deploy GGRC management capability, including the provision of high quality advice, insight and support to the local Business Unit and Functions, GGRC regional, international and global teams.
Work with the business to understand global risks impacting PayPal as well as risk themes which may impact the businesses.
Maintain oversight of the centralized register of identified risks and issues to assist monitoring & reporting.
Oversight & reporting on the 2nd line testing & controls.
Maintain the GGRC management framework including risk appetite statements, risk tolerances & specific metrics in partnership with the business & in line with regulatory requirements.
Drive a culture of risk & compliance across the businesses.
Ensure the GGRC framework is complete, consistent, cost effective & adds value for customers & shareholders; protecting their assets & interests.
Foster confidence and provide assurance to management and the Board, that GGRC framework is effectively managed, consistent with the local regulatory requirements.
Advise on the inherent risks and/or compliance issues pertaining to proposed business strategy & plans, including whether those risks are consistent with the agreed risk appetite using objectivity & balance.
Reinforce roles & responsibilities with respect to embedding GGRC across the 1st and 2nd lines of defense, & provide objective oversight & challenge of strategy, key business decisions & performance, for improved outcomes.
Proactively work with 3rd Line (Internal Audit) to understand key issues & maintain oversight on resolution plans across businesses.
Experience and skills:
At least 5+ years’ experience in a large organisation including demonstrated competency in building risk & compliance frameworks.
Strong relational skills with local regulatory bodies.
Sound knowledge of compliance & risk practices/framework & regulatory obligations of AML/CTF, Privacy Act, Consumer Protection, payments legislative requirements or similar.
Broad understanding of payments and/or credit & retail banking experience.
Experience preparing Board documents & responding to regulatory enquires to support appropriate Governance across complex geographically challenged entities.
Demonstrated ability to build & maintain relationships with key stakeholders, including strengths in influencing, conflict management, and negotiation.
Ability to communicate complexity in a simple & clear manner.
Ability to take ownership of outcomes & the ability to work with business unit teams to confront issues and drive performance.
Skilled at identifying & recommending cost effective solutions & organise resource allocation.
Ability to use initiative & be proactive in addressing & resolving issues.
Must possess exceptional interpersonal and influencing skills, with the ability to partner effectively at multiple levels and across disciplines.
Team oriented and collaborative, with exceptional consensus building and relationship management skills. Must have a proven ability to develop and sustain positive relationships across the organization.
Strong critical thinking, organizational and analytical skills with a demonstrated ability to prioritize and manage multiple initiatives and requests simultaneously in a fast-paced environment.
Impeccable written and verbal communications skills with the ability to translate, articulate and present highly technical and complex procedural recommendations, regulations, laws and policies to a variety of audiences.
Strong change management skills, adept at working in an environment of shifting priorities, constant technological changes and increasingly stringent regulatory pressures.
Dynamic and commercially driven with an intuitive appreciation for the customer experience.
To express your interest apply today!
We're a purpose-driven company whose beliefs are the foundation for how we conduct business every day. We hold ourselves to our One Team Behaviors which demand that we hold the highest ethical standards, to empower an open and diverse workplace, and strive to treat everyone who is touched by our business with dignity and respect. Our employees challenge the status quo, ask questions, and find solutions. We want to break down barriers to financial empowerment. Join us as we change the way the world defines financial freedom.
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.
Individuals seeking employment at PayPal are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, or sexual orientation. You have the opportunity to provide the following information in order to help us comply with federal and state Equal Employment Opportunity/Affirmative Action record keeping, reporting, and other legal requirements.