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AML/FCC Compliance Manager, HK in Hong Kong at PayPal

Date Posted: 3/12/2020

Job Snapshot

Job Description

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 305 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.

AML/FCC Compliance Officer to be hired in PayPal Hong Kong office, also providing support to Taiwan and Korea on as-need basis.

Primary Job Responsibilities:

(1) Act as Hong Kong Money Laundering Reporting Officer (MLRO) for Hong Kong:

  • Making the decision to file or not file a STR, or is otherwise pivotal in the process of decision, as appropriate under local regulation.
  • Ensuring employees are aware of the prohibition against “tipping off”
  • Receiving and reviewing internal disclosures.
  • Oversight of applicable transaction monitoring process.
  • Oversight of applicable KYC, CDD, EDD processes

(2) Responsible for the development of the Country AML Program addenda as required and any new enhancements and/or regulatory requirements.

(3) Liaise with key regulatory bodies and officials as needed (HKMA, JFIU, law enforcement agencies).

(4) Report to country head of compliance and appropriate senior management/leadership, boards of directors and their designated committees as requested.

(5) Provide compliance thought leadership and solutions to key Projects and other business initiatives.

(6) Drive a culture of risk and compliance across the business.

(7) Proactively work with 3rd line of defense to understand key issues and resolution plans over AML/FCC matters.

Job Requirements:

  • At least 8-10 years’ experience in Compliance, Audit, Controls, Legal, Compliance operations or as an ex-regulator.  Specialization in AML and ML/CTF risks preferred.
  • Sound understanding of AML requirements in Hong Kong.  Ability to pragmatically apply them to actual situations. Previous MLRO appointment would be preferred.
  • Knowledge of payments products and processes would be preferred.
  • Effective collaborative skills that contribute to positive working relationships with counterparts and stakeholders.
  • Advanced knowledge and experience with MS-Office applications.
  • Good command of English and Chinese (both written and spoken) and impeccable interpersonal skills.

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. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at