Dir, Internal Audit, Operational Risk

At PayPal (NASDAQ: PYPL), we believe that every person has the right to participate fully in the global economy. 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.

Job Description Summary: The Director will oversee the PayPal Internal Audit function on the Operational Risk Audit team. The position will be based in the U.S. and report directly to the Senior Director in charge of all PayPal Audit Portfolios.

Job Description:

• Leading the Operational Risk Audit team (global operational and financial audits) and collaborating with the Internal Audit leaders and other Internal Audit teams (global, regional) across all department activities, as well as regional executive management and Board members. Operational audits cover processes such as customer servicing, corporate functions such as model risk management and Human Resources, product (i.e., credit products, merchant products, etc.); focused risk management and business operations and financial audits cover processes such as treasury, financial reporting, tax, and planning/forecasting.
• Leading risk assessment activities to develop and maintain the Operational Risk Audit team’s audit plan, presenting the audit plan to the relevant senior stakeholders and Board Audit Committee(s), conducting business monitoring and the overall implementation of group audit methodology.
• Oversee the execution of the Internal Audit plan. Directing audit assignments in the Operational Risk Audit team, including support to ad hoc projects and special investigations, overseeing audit issue tracking and validating closure of issues.
• Coordinate the evaluation of the adequacy and effectiveness of internal controls relating to all relevant risks (e.g., financial, operational, compliance and legal risks) in accordance with our audit methodology and the established risk assessment framework.
• Identify operational and financial risks stakeholders across First and Second Line of Defense and act as a business partner.
• Pro-actively develop and maintain professional working relationships with colleagues, the business, and respective support areas, and working in an integrated manner with fellow team members both locally and globally.
• Keep current on business/industry changes and their effect on the business, audit plan/approach and risk assessments.
• Applying PayPal's people and performance management policies, practices and procedures and proactively mentoring and developing direct reports, informal mentees, and other team members.

EXPERIENCE REQUIRED:

• The ideal candidate should have a minimum of 10 to 15 years of External Audit, Internal Audit, or experience in Control functions (Risk Mgmt., Compliance) within a large and high growth company that provides financial products and services, and proven experience in evaluating internal controls or compliance programs. Experience with relevant financial regulatory bodies is also preferred. Graduate degree and professional certification(s) desired.

SKILLS REQUIRED:

The successful candidate should possess:

• A team player with excellent leadership, people management, and project management skills and the ability to successfully oversee multiple projects at one time.
• Excellent stakeholder management, communication, and influencing skills to build internal networks within the team and wider firm, and the ability to clearly articulate business risks and controls at the senior management and executive level.
• Proactive approach in managing audit and special projects and seeking ways to add value.
• Ability to see the big picture and analyze risks and make recommends for improvements to mitigate those risks.
• Excellent experience in evaluating controls across multiple jurisdictions in a global financial organization.
• A working knowledge of financial regulatory obligations and experience with regulators and the regulatory exam process.
• A passion for understanding the unique PayPal community, along with a passion for understanding the online payments business.
• Ability to travel up to 10% of time.

KEY RESPONSIBILITIES:

• Direct the Internal Audit team during all phases of the audit engagements from the planning and execution through to reporting and issues’ tracking.
• Develop and maintain constructive working relationships with stakeholders at all levels, from Management through to Executives and Boards.
• Support the development of the Internal Audit strategies and methodologies.

PayPal is committed to fair and equitable compensation practices.
Actual Compensation is based on various factors including but not limited to work location, and relevant skills and experience.
The total compensation for this practice may include an annual performance bonus (or other incentive compensation, as applicable), equity, and medical, dental, vision, and other benefits. For more information, visit https://www.paypalbenefits.com.
The U.S. national annual pay range for this role is $118700 to $246290

Our Benefits:

At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.

We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit https://www.paypalbenefits.com

Who We Are:

To learn more about our culture and community visit https://about.pypl.com/who-we-are/default.aspx

PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 400 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.

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. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at paypalglobaltalentacquisition@paypal.com.

As part of PayPal’s commitment to employees’ health and safety, we have established in-office Covid-19 protocols and requirements, based on expert guidance. Depending on location, this might include a Covid-19 vaccination requirement for any employee whose role requires them to work onsite. Employees may request reasonable accommodation based on a medical condition or religious belief that prevents them from being vaccinated.

Notice to Applicants and Employees who reside within New York city. Click https://careers.pypl.com/Contact-Us/default.aspx

to view the notice.