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Sr Compliance Manager, SEA region in Singapore at PayPal

Date Posted: 5/15/2019

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 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.

Reporting to the Director of APAC GGRC (Global Governance, Risk & Compliance), the Risk and Compliance Senior Manager is responsible for second line oversight for all risk disciplines, including Compliance, across PayPal South East Asia. This position is charged with the implementation of the global GGRC strategic plan and policies & standards to drive an industry-leading, data-driven approach to excellence in enterprise risk and compliance management that meets both the PayPal Global GGRC Framework and all local regulatory requirements

The Senior Manager, GGRC will provide oversight by:

  • Maintaining and managing Policy and Procedure Governance;
  • Risk Appetite Governance and Reporting;
  • Collaboration with Legal to maintain an inventory of legal obligations;
  • Supporting maintenance of risks in line with risk taxonomy, framework and assessment process;
  • Providing objective, independent risk and compliance assessments and recommendations;
  • Supporting 1st line in prioritization of risk mitigation;
  • Establishing and maintaining effective stakeholder engagement across PayPal and key regulators; and escalating timely and actionable information to key stakeholders.

Responsibilities

  • Collaborate with GGRC professionals in APAC and globally to ensure the effective implementation of the GGRC framework.
  • Manage relationship and exam reviews with all regulators and partners.
  • Establish processes with Legal and Governance Relations to ensure awareness of all regulatory changes relevant to South East Asia. AML/CTF, payment regulations, consumer protection, privacy, data protection, etc.
  • Maintain and deploy GGRC management capability, including the provision of high quality advice, insight and support to the Country Manager, GGRC regional, international and global teams.
  • Work with the functional Internal Control Partners (ICP) to understand global risks impacting SEA as well as risk themes which may impact the businesses.
  • Maintain oversight of the centralized register of identified risks and issues to assist monitoring and reporting.
  • Oversight and reporting on the 2nd line testing & controls.
  • Maintain the GGRC management framework including risk appetite statements, risk tolerances & specific metrics in partnership with the business and in line with regulatory requirements.
  • Drive a culture of risk and compliance across the businesses.
  • Ensure the GGRC framework is complete, consistent, cost effective and adds value for customers & shareholders; protecting their assets & interests.
  • Foster confidence and provide assurance to management that GGRC framework is effectively managed, consistent with the local regulatory requirements.
  • Advise on the inherent risks and/or compliance issues pertaining to proposed business strategy & plans, including whether those risks are consistent with the agreed risk appetite using objectivity & balance.
  • Reinforce roles and responsibilities with respect to embedding GGRC across the 1st and 2nd lines of defense, and provide objective oversight and challenge of strategy, key business decisions & performance, for improved outcomes.
  • Proactively work with 3rd Line (Internal Audit) to understand key issues and maintain oversight on resolution plans across businesses.

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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