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Legal Counsel, EMEA Hyperwallet in London at PayPal

Date Posted: 6/16/2019

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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 277 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 seeking an experienced lawyer to join the legal team supporting the Hyperwallet and Braintree businesses in the UK and Europe.  The person will advise on commercial and regulatory payment matters and work with key stakeholders in the business to support the Hyperwallet, Braintree and PayPal business in commercial contracts, marketplace offerings and general financial payment regulatory matters. This position is based in London and report to the Head of Legal UK.

Primary Job Responsibilities

Working collaboratively as a member of the PayPal Legal team, the Legal Counsel will be responsible for:

  • advising on UK and European laws and regulations impacting financial services, IT, consumer protection and data privacy with a focus on payment regulations;
  • daily interaction with sales and marketing teams, customers and financial institution partners in negotiating contract terms for the services offered by Hyperwallet and Braintree and advising on appropriate risk mitigation provisions as required;
  • advising the Hyperwallet and Braintree product teams on legal and regulatory issues impacting the development and launch of new products and services in the UK and Europe including adherence to customer and partner requirements and to risk management frameworks;
  • partnering with the risk and compliance teams supporting the Hyperwallet and Braintree businesses in UK and Europe including advice on applicable anti-money laundering and financial crime prevention requirements;
  • monitoring ongoing legislative and regulatory changes and advising on the implementation of policies and procedures to address new requirements including the provision of training on relevant topics to colleagues and the creation of new templates, policies and procedures; and
  • Supporting senior colleagues in the PayPal legal team on a variety of commercial opportunities, regulatory issues, strategic projects and legal department operational matters.

Job Requirements:

  • Experience and expertise in UK and European e-money and payment services laws and regulations.
  • Clear and concise communication skills (both spoken and written) with a strong ability to understand, analyze and explain complex legal concepts in a simple and straightforward manner.
  • Strong interpersonal skills with the ability to work flexibly and collaboratively with international cross-functional teams as well as experience advising senior management and key stakeholders.
  • Ability to manage multiple tasks or projects simultaneously in a fast paced and dynamic environment.
  • A commercially focused and execution mindset with the ability to focus on desired results, clarifying next steps, and effective prioritization to meet deadlines, address risks and achieve desired results.

Preferred Qualifications

  • min. 3+ years post-qualification experience gained with a major law firm and/or in-house experience gained in the Payments or Financial Services industry.  
  • Experience in e-commerce, consumer protection and data privacy would be advantageous.
  • LLB or JD and admitted to practice law within the United Kingdom.

To succeed in this challenging role, candidates should be mature, self-motivated, independent and well-organised with excellent interpersonal, communication and problem solving 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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