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Credit Risk Governance Manager in Luxembourg at PayPal

Date Posted: 2/21/2019

Job Snapshot

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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 267 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.

PayPal is currently recruiting a Credit Risk Governance Manager to be based in Luxembourg. The person will oversee credit policies and portfolio performance on the bank’s commercial/working capital lending activities to small- and medium-size businesses

Job Responsibilities

  • Serve as the bank’s subject matter expert on commercial/working capital lending credit risk management, governance, and control
  • Manage credit, collections, consumer and seller risk policy documents as well as policy change governance
  • Monitor policy execution and ensure compliance with existing policies and procedures
  • Perform oversight on the bank’s credit portfolio
  • Review credit and collections policy and procedure changes with global credit risk and governance teams and present them to bank management for their decision on whether to approve
  • Manage new product launch readiness projects from credit perspective as well as cross functionally across the Bank
  • Interact with global credit, finance, and collections teams to monitor roll rate and loss forecasting and reserving process
  • Interact with the regulatory reporting team to oversee the forbearance and non-performing exposure reporting to CSSF
  • Interact with the global credit, finance, and collections teams to monitor roll rate and loss forecasting and reserving process based on IFRS 9 accounting methodology
  • Interact with global credit finance and accounting teams to monitor financial results, and understand the drivers of the financial performance any variance to the budget
  • Interact with global credit collections team to monitor and provide feedback in the development and execution of collection policies and understand the drivers of the collections performance
  • Interact with global credit control and operations teams to become aware of any operational issues as they arise and inform the bank management on root causes, remediation plans, financial impact, and preventive actions
  • Interact with global credit compliance and legal teams to confirm that the credit policies are compliant with applicable regulatory guidelines
  • Develop and deliver presentations on credit strategy proposals and results to management
  • Participate in credit audits and inspections to provide support to internal and external auditors and regulators as needed

Job Requirements

  • Bachelor’s or master’s degree in a related field
  • Relevant years of professional experience in credit risk management and underwriting in commercial/small- and medium-size business credit products
  • Strong written, oral, and interpersonal skills a must
  • Banking regulatory background in US and EU preferred

What we offer?

  • Future career opportunities with international exposure via PayPal’s network of global locations.
  • A supportive and diverse environment that allows our employees to thrive and learn.
  • Attractive compensation and benefits.
  • A socially innovative company that helps communities world wide through charitable giving or donation of time (i.e. habitat for Life volunteering).
  • A green, sustainable working environment.
  • An opportunity to be a part of a community that was voted one of the Best Workplaces in Europe.

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.



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