Manager, Treasury Counterparty Risk Management

PayPal • San Jose, CA

21d • $117,500 - $191,950 • Hybrid

About The Position

PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, whether they are online or in person. PayPal is more than a connection to third-party payment networks. We provide proprietary payment solutions accepted by merchants that enable the completion of payments on our platform on behalf of our customers. We offer our customers the flexibility to use their accounts to purchase and receive payments for goods and services, as well as the ability to transfer and withdraw funds. We enable consumers to exchange funds more safely with merchants using a variety of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products such as gift cards, and eligible credit card rewards. Our PayPal, Venmo, and Xoom products also make it safer and simpler for friends and family to transfer funds to each other. We offer merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as instant access to funds and payouts. We also help merchants connect with their customers, process exchanges and returns, and manage risk. We enable consumers to engage in cross-border shopping and merchants to extend their global reach while reducing the complexity and friction involved in enabling cross-border trade. Our beliefs are the foundation for how we conduct business every day. We live each day guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Together, our values ensure that we work together as one global team with our customers at the center of everything we do – and they push us to ensure we take care of ourselves, each other, and our communities. Job Summary: PayPal Treasury is seeking an experienced and analytical Counterparty Risk Management professional with relevant experience to join our North America Treasury team. In this role, you will drive and establish counterparty risk management standards, and create processes that enable PayPal to scale its growth while ensuring strong risk management. The Counterparty Risk Management team is responsible for overseeing PayPal’s counterparty risk globally. This individual will partner with multiple teams within and outside Treasury, have broad exposure to core Treasury activities, and work with partner teams across various businesses, products, functional areas, and regions. Additionally, the position works closely with other Finance functions (such as Accounting, Controllership) and other internal stakeholders (such as Risk & Compliance, Audit, Legal, Product). Job Description: Essential Responsibilities:

Requirements

• Minimum of 8 years of relevant work experience and a Bachelor's degree or equivalent experience.
• Minimum of 3-5 years relevant experience with credit risk management in commercial/investment banking, other regulated financial institutions, or ratings agency settings
• Understanding of capital markets, financial market infrastructure and regulatory landscape for financial services in the US and globally.
• Strategic mindset and business acumen to balance risk management and business needs
• Ability to build/acquire expertise in managing regional/international counterparties, e.g. LatAm, APAC, etc.
• Experience with legal documentation and contract negotiation related to agreements in credit, payments, and/or trading products space (derivatives, repo, clearing)
• Familiarity with technology and infrastructure/tools to support effective credit risk management
• High attention to detail, prioritization/execution, and strong communication (written and verbal) and interpersonal skills
• Advance knowledge of Microsoft Excel, PowerPoint and Word
• Experience with analytical projects, and data analysis skills
• Ability to build strong relationships across geographies and functions
• The position is well suited to someone who is an independent, learning-motivated individual, with strong critical thinking and risk judgement, ability to discern key issues and risks amidst complexity, and has a collegial, team-oriented working style

Nice To Haves

• Fundamental credit analysis of companies, both financial and non-financial, and familiarly with rating agency models and process
• Identify key risk factors associated with counterparties, transactions, and industry subsectors
• Financial statement and corporate finance analysis, and industry/peer benchmarking
• Prepare and review counterparty review and approval materials, and ensure compliance with firm policies
• Evaluate, monitor, manage, and structure counterparty exposure, and articulate risk appetite to cross-functional stakeholders
• Remain current on all aspects of the counterparty portfolio and individual relationships, including changes in credit profile, exposure, emerging risks, potential issues and opportunities
• Perform credit due diligence of new and existing counterparty relationships in partnership with internal and external stakeholders
• Continue to build and enhance the counterparty function and lead implementation of industry best practices
• Help oversee the data quality of counterparty dashboards and reporting, and work with stakeholders to resolve issues
• Work with senior team members to prepare recurring monthly/quarterly reporting or presentations
• Support Treasury colleagues and other senior team members on ad-hoc requests and projects
• Financial Institutions industry experience preferred

Responsibilities

• Take ownership of key Treasury processes such as corporate cash management or FX risk management activities.
• Partner with internal constituents to solve corporate cash management issues.
• Leading junior treasury team members for professional growth.
• Institute and socialize BCP/BIA processes and planning.
• Maintain and manage Treasury Workstation usage, optimization, testing, and upgrades.
• Integrate acquisitions and standardize policies across the organization.
• Provide oversight of intercompany loans and other Treasury Policies.
• Identify automation initiatives for daily operations efficiency.
• Collaborate with Risk and Compliance teams for regulatory and licensing compliance.

Benefits

• This role is also eligible for a range of benefits which may include, medical, dental, vision, life and disability insurance, parental and family leave, 401(k) savings plan, paid time off, and other benefits.
• We have great benefits including a flexible work environment, employee shares options, health and life insurance and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees