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Senior Manager, Deputy MLRO in Luxembourg City, Luxembourg, Luxembourg at PayPal

Date Posted: 6/3/2022

Job Snapshot

Job Description

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.

This role reports to the Director, Money Laundering Reporting Officer (MLRO) and is part of the Luxembourg Financial Crime team. This team provides support and oversight of the AML/CTF program for PayPal Europe, EMEA markets and Russia. This includes the current PayPal core products, the current adjacencies, any further integrations, new products and new licenses. The Senior Manager, DMLRO, is an active partner and key player within the company including the Luxembourg teams, Global Financial Crime, the Government Relations and the Legal teams as he/she assists and supports the Director, MLRO in their mission to protect the bank and the brand and to enable sustainable growth of the business Through strengthening regulatory engagement, by enhancing internal controls, processes and policies, by maintaining adequate level of oversight and by overseeing the outsourcing framework.

 

PayPal Europe is seeking a dynamic, innovative and driven Senior Manager, Deputy Money Laundering Reporting Officer (DMLRO),  to join our Risk and Compliance team in Luxembourg. 
 
This role reports to the Director, Money Laundering Reporting Officer (MLRO) and is part of the Luxembourg Financial Crime team. This team provides support and oversight of the AML/CTF program for PayPal Europe, EMEA markets and Russia. This includes the current PayPal core products, the current adjacencies, any further integrations, new products and new licenses. 

The Senior Manager, DMLRO,  is an active partner and key player within the company including the Luxembourg teams, Global Financial Crime, the Government Relations and the Legal teams as he/she assists and supports the Director, MLRO in their mission to protect the bank and the brand and to enable sustainable growth of the business Through strengthening regulatory engagement, by enhancing internal controls, processes and policies, by maintaining adequate level of oversight and by overseeing the outsourcing framework. 

 
The successful candidate will have significant AML/CTF expertise with the ability to work in a fast-paced environment across many functional groups, to demonstrate ownership, decision-making and responsibility, to map out time and priorities, to identify and propose additional initiatives, to understand the customer experience and to make business-oriented recommendations. He/she will be highly efficient with exceptional communication skills and proven ability to lead through change while balancing multiple projects and priorities. 

 

 
Main Core Duties and Key Strategic Objectives 

  • Provide subject matter expertise to the business in identifying, assessing, prioritizing, and managing risk  

  • Enabling sustainable growth of the business with the review and assessment of the risks associated to customers, products and channels to providing timely and compliant recommendations. 

  • Maintaining robust tracking of metrics, documentation and data for program support including reporting to related forums and committees. 

  • Creation and implementation of a testing framework for the delegated/outsourced duties  

  • Ensuring adequate integration of AML/CTF processes for new products and businesses.  

  • Working closely with Affiliate services team to monitor/understand metrics and to address any deviance as necessary 

  • Force of proposal and delivery for enhancement and update in Policies, SOPs and guidelines by partnering with Business, Product, Operational and Training teams 

  • Actively maintain an up to date understanding of the requirements of the legislations and any other relevant regulations and guidance related to Financial Crime for the regions in scope to be the driver of the appropriate actions 

  • Develop and present quarterly financial crime reviews for PPEU, noting key areas of focus and progress against established goals.  

  • Fostering strong working partnerships with stakeholders across the relevant local and Global teams 

  • Managing AML/CTF related regulatory duties and requests.  

  • Escalate timely and actionable information to key stakeholders. 

  • Review results of the Enterprise wide and Financial Crime  Risk Assessments and provide effective challenge. Identify areas of improvement and drive implementation. 

  • Maintain and promote professional collaboration with external players including FIUs and regulators 

  • Playing a key role on supporting Government Relations strategy and vision 

  

About you  

  • You have relevant knowledge and 8+ years of experience in the Financial Crime/Compliance space.   

  • You possess excellent oral and written communication skills in English and in French. 

  • You have exceptional interpersonal and influencing skills, with the ability to partner effectively at multiple levels and across disciplines.  

  • Experience in creating and delivering presentations to executive audiences and external stakeholders. 

  • You can prioritize work, multi-tasks effortlessly, meet deadlines, and achieve goals. 

  • You work efficiently under pressure in a dynamic, complex and changing regulatory environment. 

  • You must be self-motivated, dependable, adaptable, and detail-oriented. 

  • You have excellent presentation and project management skills with the ability to successfully work multiple issues at one time. 

  • You have strong computer knowledge, excellent MS Word, Excel, Visio, and PowerPoint skills. 

  • You have a proven ability to work independently, autonomously and within a team environment. 

  • You are adaptable in unexpected situations, comfortable dealing with ambiguity and uncertainty. 

  • You operate with strong integrity and with the ability to handle projects of a sensitive and confidential nature. 

  • You possess solid analytical, problem solving, and critical / creative thinking skills. 

  • You can work within a matrixed environment, and cross functionally. 


Our Benefits:


At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.


We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit https://www.paypalbenefits.com


Who We Are:


Click Here to learn more about our culture and community.


PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 400 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.



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 paypalglobaltalentacquisition@paypal.com.

As part of PayPal’s commitment to employees’ health and safety, we have established in-office Covid-19 protocols and requirements, based on expert guidance. Depending on location, this might include a Covid-19 vaccination requirement for any employee whose role requires them to work onsite. Employees may request reasonable accommodation based on a medical condition or religious belief that prevents them from being vaccinated.



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