PayPal Sr. Regulatory Counsel in San Jose, California
Sr. Regulatory Counselin San Joseat PayPal
Date Posted: 7/12/2018
Employee Type: Full-Time
Experience: Not Specified
Date Posted: 7/12/2018
Job ID: R0030988
HELP US REIMAGINE MONEY.
At PayPal, we believe that now is the time to democratize financial services so that moving and managing money is a right for all citizens, not just the affluent. We are driven by this purpose, and we uphold our cultural values of collaboration, innovation, wellness and inclusion as our guide for making decisions and conducting business every day. It is our duty and privilege to be customer champions and put those we serve at the center of everything we do.
We are one team that respects and values diversity of thought for everyone, everywhere, and we actively seek to create an energizing workplace that brings out the best in all of us. If you’re ready to shape the future of money, join the team at PayPal. We're proud to work here. You will be too.
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 237 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.
The Financial Regulatory Group within PayPal Legal is seeking a Senior Regulatory Counsel to provide global legal support and subject matter expertise in financial services regulation.
The position reports to the Senior Director, Head of Financial Regulation and will provide global legal support to PayPal as a subject matter expert in financial services regulation. The successful candidate will:
Provide proactive legal advice related to US and non-US financial regulatory licensing regimes, consumer protection, financial crimes, and emerging fintech regulation.
Work cross-functionally to identify, analyze and mitigate relevant issues related to the introduction of new products and services and the geographic expansion of PayPal’s business.
Lead or participate in internal reviews and government investigations.
Work with the Corporate Development, Enterprise Risk, Compliance and Security CS and other Legal teams to conduct regulatory due diligence on strategic acquisitions and transactions.
Represent PayPal’s interests and interface directly with regulatory agencies, enforcement authorities, and external counsel, as appropriate.
Assist Government Relations in responding to relevant legislative and regulatory proposals.
Assist ERCS in the development of company standards, training, and toolkits.
Participate in industry conferences and publish articles related to financial services regulation.
J.D. or equivalent required.
Minimum 6-10 years relevant experience in a top-tier law firm, in-house legal team (experience at a major financial institution preferred), or a relevant federal or state regulatory agency.
Deep subject matter expertise with respect to financial services laws and regulations, including the federal and state licensing, AML, sanctions, anti-bribery, Electronic Funds Transfer Act (EFTA) and Regulation E, UDAAP, state money transmission laws and network card rules.
Demonstrated knowledge of regulatory risks associated with digital/mobile payment products and business lines, with a global perspective.
Experience interacting with relevant federal and state regulators, enforcement authorities, and auditors.
Experience with Automated Clearing House (ACH), Clearing House Interbank Payments System (CHIPS), Fedwire, Network card rules, and/or digital payment platforms preferred.
The successful candidate will be a creative problem solver with a demonstrated ability to provide pragmatic legal advice and share industry best practices; possess excellent oral and written communication skills; facilitate a collaborative team-based approach with PayPal legal colleagues across the organization; and be capable of managing numerous projects and matters simultaneously under tight deadlines while maintaining a good sense of humor and positive attitude.
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.
Individuals seeking employment at PayPal are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, or sexual orientation. You have the opportunity to provide the following information in order to help us comply with federal and state Equal Employment Opportunity/Affirmative Action record keeping, reporting, and other legal requirements.