Dpty Money Laundering Reporting Officer in Luxembourg at PayPal

Date Posted: 9/16/2018

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 244 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.

Enterprise Risk, Compliance, and Security (ERCS) is responsible for developing a unified data-driven approach for oversight of all risk disciplines, including compliance, across the company to help ensure PayPal meets its regulatory and business objectives. ERCS is also responsible for fulfilling PayPal’s commitment to combat money laundering, terrorism financing, and related financial crimes around the world, as well as ensuring a safe and secure work environment to protect PayPal’s people, property and assets.

This role will report to the Designated MLRO for the Luxembourg Bank. The role is based in Luxembourg.

A typical day for the Deputy Money Laundering Reporting Officer will include:

Providing support and oversight of Anti-Money Laundering (AML) functions managed within the Luxembourg Bank and other key EMEA markets,

Working with global teams to manage and enhance existing processes, identifying and remediating issues, reviewing and approving responses to regulatory inquiries, and assisting with the review of high priority AML escalations

What does Success Look Like?  

•         Actively support the Designated MLRO, fostering strong working partnerships with stakeholders across ERCS, EMEA, and local to Luxembourg.

•         Provide support to review suspicious activity reports, Politically Exposed Person escalations, and other relevant financial crime cases, driving escalation as needed.

•         Actively maintain an understanding of the requirements of Luxembourg legislation and other relevant regulations and guidance relating to financial crime.

•         Support the facilitation and implementation of the financial crime (e.g., AML, terrorist financing, sanctions, anti-fraud, anti-bribery and corruption) program across all relevant parts of the PayPal Luxembourg.

•         Assist in the coordination of responses for advice or information from Luxembourg Bank senior management, ERCS Leadership, external auditors or regulatory / law enforcement bodies.

•         Maintain materials prepared and provided in response to regulatory exams and international audits, to ensure robust tracking of documentation provided and to facilitate leveraging prior materials for future requests and maintaining consistency across internal and external exams.

•         Monitor and propose enhancements to AML-related processes, which requires close cooperation with investigations teams.

•         Make practical and acceptable recommendations where systems and procedures need enhancing to counter the risk of financial crime.

•         Create regional-specific AML reporting and identify issues requiring escalation.

•         Coordinate a local financial crime risk assessment incorporating conclusions into local policies as required.

About You  

•          You have relevant years of experience in AML, financial crime, compliance, operational risk management

•          You possess excellent verbal and written communication skills

•          You can prioritize work, multi-tasks effortlessly, meets deadlines, and achieves goals

•          You work efficiently under pressure in a dynamic and complex environment

•          You demonstrate strong project management skills

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

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

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

•          You have experience working in a fast-paced, dynamic environment in a context of profound cultural and industry change 

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

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

•          You have proven ability to operate simultaneously as an effective tactical as well as strategic thinker

•          You demonstrate solid interpersonal skills and ability to build relationships with peers and business support partners

•          You provide leadership within team, formally and informally developing more junior team members

•          You have Bachelor’s degree minimum

•          you have knowledge of the financial services compliance and / or regulatory environment is required

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

•          You have strong writing, research, analytical, problem solving, and organizational 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.



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