Director, Liquidity Risk Oversight in New York at PayPal

Date Posted: 11/6/2018

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 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 Director, Head of Liquidity Risk Oversight will report to the VP, Head of Financial & Model Risk, and will have global oversight for PayPal’s Liquidity risk 1. Governance: • Establishment of the Liquidity Risk Management Framework and Governance including: •Creation and maintenance of liquidity risk management policies and procedures •Liquidity Stress Testing •Early Warning Indicators Dashboard •Liquidity Risk Appetite and Concentration Limits • Oversight of liquidity risk activities to ensure compliance with regulatory requirements by different jurisdictions • Calibrate and review established liquidity limits and thresholds on a periodic basis • Ensure adherence to changes in the business model and/or regulatory environment • Establish the Liquidity risk appetite and roll out globally • Independently assess, review and analyze assumptions used in Liquidity models • Develop monitoring and testing to help mitigate liquidity risk within a defined tolerance • Support development of a series of key risk indicators and other reporting that will be leveraged for senior management, committees, and boards.

The role requires a senior and seasoned risk leader preferably with a deep banking background in Liquidity Risk Management or senior risk leader with broad Risk accountability at a large complex financial institution.

From a cultural perspective, this leader will need to fit into the PayPal leadership model that will require strong financial acumen, self-confidence and the ability to push back but in a respectful manner.

  • Candidate must have advanced degree in quantitative or Finance area
  • Experience leading a Risk oversight function within a multidivisional, complex organization where business process and data integrity are critical. Ideally, expertise in high transaction, data intensive, consumer-lending environments.
  • The role requires sophisticated quantitative skills and candidates must have led a quantitative risk function for a bank or consumer financial services business.
  • Experience leading a risk function which has produced risk appetite statements and Risk metrics. This must include an understanding of building and operating a 2nd line Risk framework that delivers transparent, well-understood Liquidity risk policies for stakeholders.
  • A track record as an established leader who is equally strategic as they are tactical, and of the stature to build a peer relationship with stakeholders. This will enable them to build a fully functionalized model for robust and transparent Risk leadership.

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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