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Financial Crime Compliance SME in Sydney at PayPal

Date Posted: 2/3/2020

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.

The FCC SME supports the Group’s approach to managing AML / CTF, Sanctions and Anti-Bribery and Corruption risks and obligations through the provision of the following services: • Policy and frameworks • Regulatory engagement • Advice and assurance • Complex escalations

Key primary responsibilities:

  • To support the facilitation and implementation of the financial crime (i.e. anti-money laundering, combating terrorist financing, sanctions, anti-fraud, and anti-bribery and corruption) programme across all relevant parts of the PayPal Australia and liaise with outsourced functions to monitor compliance.
  • To participate in the Global AML/CTF Risk Assessment process and conduct a local financial crime risk assessment incorporating conclusions into local policies as required.
  • To complete AUSTRAC Compliance Reports as required.
  • To review suspicious activity reports, Politically Exposed Person escalations and other relevant cases where needed and ensure appropriate SMRs are lodged to Austrac.
  • Ensure Enhanced Due Diligence is completed for higher risk transactions and client relationships (at on-boarding and periodic review) in line with policy requirements.
  • To maintain PayPal Australia’s Country Risk Profile assessing potential territorial exposures to money laundering and terrorist financing for input into the Global Risk Profile.
  • To ensure that the PayPal Australia remains up to date with relevant regulatory developments and ensures these are communicated to PayPal Group for inclusion in Group Policies as needed.
  • To respond promptly to requests for advice or information from PayPal Australia senior management, the external auditors or the regulatory or law enforcement bodies.
  • To manage the development and delivery of financial crime training courses to PayPal Australia management and associated entities and staff where needed. 

Required knowledge and experience:

  • At least 5 years’ experience in a risk and controls function from within a large banking or financial services organisation
  • Substantial AML/CTF, AB&C and/or sanctions policy and control experience, with a thorough understanding of Anti-Money Laundering legislation and regulations in Australia, Sanctions and Bribery and Corruption laws/regulations and fraud/fraud analytics.
  • Understanding of the financial crime regulatory framework with technical knowledge of the AML / CTF, sanctions and/or ABC risk environment
  • Excellent co-ordination and stakeholder management skills and able to influence stakeholders through effective communication and persuasive presentations.
  • Motivated to drive business outcomes and maintain a very high standard of performance.
  • Relevant tertiary and professional qualification

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



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