Financial Risk Manager in Luxembourg at PayPal

Date Posted: 8/2/2019

Job Snapshot

  • Employee Type:
  • Location:
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

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 286 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.

Working as part of the Global Governance Risk & Compliance team, Financial Risk Manager – GGRC EMEA will be responsible for supporting the Risk Management function. Specific duties include:

  • Supporting Pillar II framework (ICAAP, ILAAP etc.) for Luxembourg Bank and other entities, including risk identification, assessment and quantification, as well as preparation of regulatory submissions;
  • Support all aspects of Recovery Planning, including assessment of impacts of recovery options, analysis of critical functions/core business lines, interconnectedness etc.;
  • Risk Appetite development & monitoring, considering strategic objectives of the entities in scope;
  • Development and monitoring of KPIs and KRIs;
  • Engaging in regulatory research and analysis of the impacts on entities in scope (including EBA, CSSF, BCL guidelines etc.);
  • Participating in enhancing and advancing quantitative risk management framework of the Bank, including review of model validation reports and implementing the overall model governance framework;
  • Addressing regulatory queries / ad-hoc requests relating to regulatory submissions (ICAAP, ILAAP, Recovery Plan);
  • Acting as part of a team, ensuring internal and external submissions are scheduled to ensure timely delivery;
  • Working with Global peers to facilitate implementation of policy / process changes as well as feedback on models used;
  • Supporting the EMEA GGRC Director and Prudential Risk Lead and preparing and present periodic updates for executive management;
  • Assisting GGRC EMEA during onsite inspections by local regulators, internal and external audit;
  • Liaising with GGRC peers in resolving exam findings, particularly those related to Pillar 2 framework;
  • Challenging, resolving, and communicating issues to internal stakeholders;
  • Seeking out efficiencies for process and capacity improvement including automation;
  • Assisting the International GGRC teams in any related initiatives outside of EMEA;
  • Project management.


  • Risk professional, preferably with a Big 4 background and ~5 years’ professional experience in banking/e-commerce/payments industries;
  • MA (or equivalent) preferred;
  • Understanding of banking regulations;
  • Experience in Pillar II reporting;
  • Excellent written and oral communication and interpersonal skills with fluency in English mandatory;
  • Attention to detail and the ability to prioritize and deliver in a fast paced and dynamic environment with a high degree of personal accountability, integrity and trust;
  • A strong focus on process efficiency, automation and quality assurance of output;
  • Ability to work autonomously and as part of a team;
  • Ability to create and maintain a balanced, positive work environment;
  • Willingness to travel approximately 5-10% p.a.;
  • Ability to share information, transfer knowledge and expertise to team members;
  • Ability to escalate issues and seek guidance as required.

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.



  1. Business Manager Jobs
  2. Finance Manager Jobs