Money Laundering Reporting Officer-EMEA in Luxembourg at PayPal

Date Posted: 4/27/2018

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 237 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.

ERCS is seeking an experienced Money Laundering Reporting Officer to provide support and oversight of Anti-Money Laundering (AML) functions managed within the Luxembourg Bank and other key EMEA markets. The successful candidate will be an experienced AML professional with knowledge of international laws and regulations governing the global financial crimes compliance space and will have a diverse skill set to support AML needs across the program. This includes 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.

You will work in close collaboration with multiple areas of the company across PayPal’s global footprint, which requires excellent communication and collaboration. This role will dual-report to the Luxembourg Bank Chief Compliance Officer and the International AML Lead. This role is based in Luxembourg.

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

  • Oversight, development, and maintenance of the local AML / Combating Terrorism Financing (CTF) program, including relevant risk assessments, development of policies / procedures, Know Customer Customer (KYC) processes, training program, monitoring, and testing.
  • Lead in 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 Luxembourg Bank.

What does Success Look Like?  

  • Act as the senior contact 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.
  • Partner with the global teams to ensure that there is a clear understanding of Luxembourg Bank sanctions requirements.
  • Coordinate and respond promptly to requests for advice or information from PayPal Luxembourg senior management, ERCS Leadership, external auditors or regulatory / law enforcement bodies.
  • Where appropriate, may provide input and reporting to local Boards, Committees on the state of the AML Program (i.e. integrated into relevant ERCS reporting)
  • Oversee maintenance of 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.
  • Control over monitoring and enhancing AML-related processes, which requires close cooperation with investigations teams.
  • Drive and socialize remediation plans for all incidences of non-compliance with policy / procedure and follow up implementation on a timely basis, escalating as necessary.
  • Make practical and acceptable recommendations where systems and procedures need enhancing to counter the risk of financial crime.
  • Oversee the content and analysis of regional-specific AML reporting as well as the escalation of issues and priorities identified via reporting.
  • Participate in the Global AML / Risk Assessment processes and conduct a local financial crime risk assessment incorporating conclusions into local policies as required.
  • Participate in Global MLRO Working Group and partner with international AML resources to ensure program best practices and consistency.

About You

  • You have relevant years of experience AML, financial crime, compliance, operational risk management
  • You have proven and demonstrated leadership skills including relationship-building and collaboration skills with clear ability to influence, gain buy-in and negotiate with a diverse group of key business partners/stakeholders including senior management
  • You have ability to persuade, influence, and build trust with a broad spectrum of constituents across all levels
  • You demonstrate strong project management skills, including leadership and consensus building
  • 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 have proven ability to operate simultaneously as an effective tactical as well as strategic thinker
  • You have ability to exercise sound judgment in development and selection of solutions
  • You have ability to credibly challenge solutions and ensure timely escalation of issues and concerns as and when appropriate
  • You have a Bachelor’s degree
  • Strong computer knowledge; excellent MS Word, Excel, Visio, and PowerPoint skills
  • Strong writing, research, analytical, problem solving, and organizational skills

You Might Also Have

  • Knowledge of the financial services compliance and / or regulatory environment is required
  • Proven ability to thrive in an entrepreneurial environment


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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