A strategic thinker who has the outstanding ability to drive creative solutions to complex commercial and regulatory challenges.Deep understanding of the financial services industry is required and must include experience gained in consumer financial services, payments, processing, financial technology or another diversified financial services firm.10+ years of direct prior experience in acquiring and payments processing (eCommerce, FinTech, Banking ecosystem preferred).15+ years of experience with global BSA/AML programs, including but not limited to Bank Secrecy Act, KYC/CIP, OFAC, and USA Patriot Act within the financial services or fintech industry.Partner with the business to understand their needs globally, and drive solutions specifically around process improvements.Engage in relationships with key regulators, acquirers, and associations including supporting strategic engagement plans, managing external requests, responding timely, and ensuring coordination with internal stakeholders.Manage appropriate due diligence of all bank and card partners, as well as key strategic partners.Provide subject matter expertise to the business in identifying, assessing, prioritizing, and managing AML and payments compliance risk.Prepare and provide regular updates to Parent and international Boards, authorized committees and working groups as appropriate.Advise stakeholders of emerging risks, new or amended laws, regulations, or agency guidance and recommends and implements changes and controls to mitigate those risks and in support of PayPal’s global business strategy.Monitor and analyze developing industry and compliance trends and changes to laws and regulations pertaining to BSA/AML/OFAC/USA Patriot Act and Card and Network rules and guidelines.Responds to exams and audit concerns and oversees corrective action of all related compliance deficiencies. Support examinations, internal audit and external audits of the BSA/AML or Payments compliance programs.Validate and credibly challenge risk assessment results with consideration to products, services, customers and geographies that may present increased risks.This role will help drive assurance that all policies and procedures are created and/or current, complete and accurate according to the most current Card Brand and Network rules and guidelines. Establish and maintain a Payments Compliance Oversight Program and Framework, ensuring adherence to all applicable Card and Debit Network requirements.Establish and maintain all BSA/AML/OFAC related policies, guidelines, and training to Directors, management and employees.Define appropriate SAR investigation, reviews and reports processes that promote consistent decisions adequate investigation and research and completes detailed documentation.Define an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and reviews and analyzes unusual account activity. Recommend and ensure enhancements to the BSA/AML/OFAC/USA Patriot Act monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity.Oversee and monitor an effective global Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program that is in compliance with current industry best practices, regulatory guidance and requirements.This role will have access to periodically report to PayPal’s Board of Directors. S/he will advise the CRCO and other members of the Executive Management Team, the Board, or business leaders, as appropriate, focusing on some of the most important risks and issues facing the organization, and providing effective counsel to the business unit leaders. This includes oversight of payment systems obligations, issues, card network and bank relationships and key risks relevant to payment systems. Reporting the SVP and Chief Risk and Compliance Officer (CRCO), PayPal Holdings, Inc., the VP, Global Financial Crimes and Payments Oversight is responsible for overseeing the Company’s compliance with Anti-money Laundering (AML)/Bank Secrecy Act (BSA) global regulatory requirements and PayPal’s Payments Program. Our mission is to democratize financial services to ensure that everyone, regardless of background or economic standing, has access to affordable, convenient, and secure products and services to take control of their financial lives. At PayPal (NASDAQ: PYPL), we believe that every person has the right to participate fully in the global economy.
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