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Sr. Regulatory Legal Counsel (SEA) in Singapore at PayPal

Date Posted: 5/7/2019

Job Snapshot

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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 looking for an experienced lawyer to join PayPal’s Legal team in Singapore. This position is based in Singapore and will report to the Associate General Counsel for APAC (based in Singapore). This position will provide legal and regulatory support for the markets in Southeast Asia.

  • Provide 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, credit card settlements, merchant  acquiring, bank withdrawals and ACH & payments processing.
  • Provide 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 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.  Educating and negotiating  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, consumer protection, privacy, data security ,  and cyber security
  • Advising on foreign exchange transactions, foreign exchange regulations and licensing 
  • 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 Singapore & South East Asia, Legal Commercial, Compliance and Government Relations Teams. 
  • Advising on onsite inspections, investigations and queries by financial services regulators, law enforcement agencies and government agencies

Qualifications & Skills:

  • Law degree and admitted as an advocate and solicitor in Singapore
  • 12 years’ PQE gained in private practice and/or in-house.
  • Outstanding in regulatory advocacy with extensive experience in dealing and lobbying  with financial services regulators both in written form and in oral advocacy.  
  • Outstanding expertise and know how in financial services regulations or in payments related regulations including regulations relating to money remittance,  money transfers, foreign exchange, privacy, cyber security and outsourcing.    
  • A strategic thinker who has the outstanding ability to conjure creative solutions to complex  regulatory conundrums. 
  • A thought leader who is able lead and drive regulatory solutions.
  • Good understanding of online related technology and online businesses.
  • Excellent verbal and written communication skills.
  • Proven analytical, organizational, project management and planning skills
  • Ability to handle multiple tasks or projects simultaneously in a fast paced and dynamic financial services environment
  • Outstanding   ability   to   work   with   cross-functional   teams   as   well   as   with   senior management.
  • Strong  interpersonal  skills  with  a focus  on  teamwork  and  the ability  to  foster  and manage relationships across multiple departments
  • Extremely proactive with a strong bias for action
  • Skill in focusing on desired results, clarifying next steps, and ability to prioritize effectively to meet deadlines, address risk and achieve desired results

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.