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Legal Counsel, SEA Regulatory in Singapore at PayPal

Date Posted: 1/4/2021

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Singapore
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    1/4/2021
  • Job ID:
    R0063395

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.

This role is based in Singapore providing regulatory legal support primarily to the markets in Asia, with a focus on Southeast Asia.

This position is responsible for:

  • Providing legal and regulatory advice associated with online payments, interbank money transfers and settlements, credit & debit card fund settlements, foreign exchange, money remittance, e-money/stored value, digital wallets, payment gateways, holding and reuse of balances, merchant acquiring, bank withdrawals and ACH & payments processing;   
  • Providing legal and compliance advice associated with payments licensing, payments regulations, anti-money laundering, counter terrorist financing, outsourcing, data protection, privacy, consumer protection, and information security;
  • Dealing and negotiating with financial services regulators in SEA including the Monetary Authority of Singapore, Bank Negara Malaysia and Bank of Thailand;
  • Engaging in regulatory advocacy, drafting and advising on correspondence, submissions and communications with regulators;
  • Advising on legal and regulatory issues associated with sales, marketing, communications, market entry, product and services development;
  • Advising on regulatory matters relating to commercial contracts, mergers and acquisitions, joint ventures, employment law;
  • Monitoring ongoing legislation and regulatory changes. Advising on market entry into local markets which include setting up local sales and marketing legal entities and managing license applications;
  • Advising on regulatory issues with respect to Financial Intelligence Units or law enforcement agencies for suspicious transaction reporting;
  • Working closely with the Commercial Legal, Compliance and Government Relations Teams;
  • Advising on onsite inspections, investigations and queries by financial services regulators, law enforcement agencies and government agencies.

Job Requirements:

  • Candidates should have a minimum of 6 years post qualification experience and be from an established in-house legal team or established private practice law firm with international legal and regulatory experience
  • Preference for candidates with solid experience and expertise in regional laws and regulations relating to payments both offline and online, fund settlement, credit card acquiring, credit card services and settlements, e-money, money remittances, fund settlements, foreign exchange and e-commerce, AML and CFT regulations.
  • We would consider candidates with solid and broad legal and regulatory experience and expertise in financial services including consumer and retail banking, securities brokerage, Wealth Management, consumer credit and finance.      
  • Broad and solid experience in dealing with regulators in the region with substantial experience and expertise in regulatory advocacy (both written and oral)
  • Board experience in advising senior regional and local business management teams.

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 paypalglobaltalentacquisition@paypal.com.

R0063395