Sanctions Manager in Bangalore at PayPal

Date Posted: 7/6/2019

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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.

Job Description As a Global Financial Crimes and Compliance Sanctions Manager, your responsibilities include: • Managing the activities of multiple teams of analysts that complete time-sensitive and meticulous analyses of instances of potential Sanctions violations and/or suspicious financial activity across multiple jurisdictions and countries, which is critical to PayPal’s fiduciary responsibility under the US Bank Secrecy Act (Anti-Money Laundering rules) and OFAC to effectively monitor customer’s activities with regard to detecting and reporting suspicious activity, including the predicate offenses of money laundering and terrorist financing; • Build, coach, engage and direct a group of Managers and Investigators into a highly responsive, dynamic and effective “team” to achieve superior performance standards; • Collaborate with other business unit managers, and support teams, throughout GCE and the wider PayPal organization, to ensure excellent information flow and feedback on the impact of process, policy and product changes. Work with peer managers to leverage best practices, understand new trends and contribute to the implementation of workflow process improvements designed to deliver a world-class compliance program; • Deliver against departmental and team goals as agreed, to contribute to the overall compliance operations program performance; • Identify opportunities and participate in special projects that are designed to add value to the PayPal Compliance program; • Ensure the development of current, comprehensive and effective documentation describing processes and policies regarding third parties which the Compliance Operations Department supports as part of PayPal’s service delivery infrastructure; • Meet regularly with each Team Leader to review the status of the program and set short-term goals for improvements/standards as required; • Exercise the highest level of independent judgement and discretion when making decisions or recommendations in relation to specific case investigations; • Be able to assimilate, assess, critique and approve documented findings contained in a detailed narrative and report style format for filing to regulators as required; • Review and assess the work of Managers and Investigators and analysts to ensure appropriate disposition of compliance cases; • Work closely with PayPal’s People Team to utilize the proper and most effective corrective action procedures to enhance the performance of Compliance Operations team members; • Schedule, prepare, and lead 1:1 coaching, scheduled team learning sessions, and weekly “stand-up” sessions and ensure that these are interactive, engaging, and analyst-driven discussions based upon developmental needs and designed to inspire the performance of the team; • Ability to accurately and thoroughly assess team performance and communicate the same to Managers and Investigators and analysts on a regular basis; coach team members to improve their performance at any given time as well as contribute to the development and execution of action plans aimed at improving analyst performance as needed.

Job Requirements

  • A Bachelor’s degree in Finance, Legal, Criminal Justice or a comparable field or equivalent work experience;
  • Minimum of 8 years conducting or supervising research and investigations in a field related to Sanctions, Enhanced Due Diligence, Law Enforcement, Fraud, Anti-Money Laundering, or Internal Audit;
  • Minimum of 4 years’ experience leading a team of leaders managing a team of analysts or investigators
  • Proven ability to analyze large amounts of data in order to make informed risk-based assessments and conclusions;
  • Exceptional oral, written and interpersonal communication skills with the ability to communicate constructive challenges/new ideas, and synthesize complex information accurately, concisely, clearly and quickly to all levels in the organization;
  • Ability to work efficiently with an attention to detail in investigations, analysis, and writing of narrative style reports designed to be delivered to regulators;
  • Ability to understand opposing points of view on highly complex issues and to negotiate and integrate different viewpoints;
  • High level of professionalism, self-motivation and sense of urgency in performing job responsibilities.

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.