Sr Mgr, Financial Model Risk Oversight

The Company

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 Description Summary:

We are seeking a highly motivated and experienced Model Risk Oversight professional to join our Enterprise Risk Management Organization.

It is a senior strategic role, responsible for overseeing reserve, loss forecasting, stress testing and other finance and treasury models as part of the enterprise Model Risk Management function. This individual will also contribute to other initiatives such as capital and liquidity adequacy assessment for the bank licensed legal entities.

Job Description:

The AI/Model/Quant Risk Oversight team:

·       Oversees and proactively challenges our model use and AI application. 

·       Supports effective model development/deployment and responsible AI innovation

Ensure model/AI practice meets regulatory compliance requirement, strengthening decision-making, protecting customers and safeguarding the company from financial and reputational damage

Your way to impact

You will make an impact by ensuring that;

• PP’s Credit (CECL/IFRS9) and Transaction Loss Reserving is adequate
• Annual regulatory submissions (ICAAP, ILAAP, Recovery Plan, other ad hoc request) are carried out with models that are thoroughly reviewed and risk identified/mitigated
• Global stress testing framework is developed and updated that accomodates PP’s unique business models
• Internal loss forecasting, stress testing and other relevant finance treasury models are thoughtfully developed to support various business requirement

Your day-to-day

In your day-to-day role, you will XXX

In your day-to-day role you will;

• Perform quantitative and qualitative model validation on Finance/Treasury models (reserving, capital, liquidity, stress testing, etc) according to Model Risk Management Policy to identify model risks that might have financial and regulatory implication
• Provide oversight on Credit (CECL/IFRS9) and Transaction Loss Reserving, including the assessment of qualitative overlay
• Provide oversight on loss forecasting, internal and regulatory stress testing exercises
• Review and support annual regulatory submissions (ICAAP, ILAAP, Recovery Plan, other ad hoc request)
• Collaborate with Finance, Treasury and other FLOD stakeholders to remediate issues identified and provide subject-matter expert opinion on improvements
• Manage and develop a small team of highly competent junior team members, fostering technical growth in the model validation as well as their leadership capabilities

What do you need to bring

**We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.

• Education:
  • A master’s or advanced degree in a quantitative field such as statistics, mathematics, finance, or economics.
• Experience:
  • More than 10 years of experience in model risk management, validation, and/or oversight with significant exposure in financial disclosure/regulatory submission
  • Good level understanding of advanced modelling approach in financial balance sheet, loss & reserving; Expertise in CECL/IFRS9 a plus
  • Fundamental understanding of financial and banking risk, including but not limited to solvency, liquidity, market risk
  • Exposure in entity level stress testing on loss, revenue, capital, and liquidity
  • Proven track record in regulatory compliance alignment across risk and model management activities (e.g., OCC 2011-12, SR 11-7, GDPR).
• Technical Competencies:
  • Advanced proficiency in modelling techniques (e.g., linear and logistical regression, ARIMA, XGBoost, random forests, CNNs/RNNs, GANs)
  • Robust coding skills for big data and AI systems, including Python, SQL, TensorFlow, Hadoop, and Spark.
  • Familiarity with anomaly detection, clustering methods, risk scoring, and natural language models for compliance analytics.
• Core Skills:
  • Exceptional communication, writing, and presentation skills to convey technical concepts to stakeholders at all seniority levels (executives, regulators, auditors, etc.).
  • Strong problem-solving and leadership abilities, with experience leading cross-functional teams on complex AI governance projects.
  • Ability to work effectively both independently and collaboratively in a high-pressure, fast-paced environment.

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.

Additional Job Description:

Subsidiary:

PayPal

Travel Percent:

0

-

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

$107300 to $259600

For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.

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:

Click Here to learn more about our culture and community.

Commitment to Diversity and Inclusion 

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 talentaccommodations@paypal.com.

Belonging at PayPal: 

Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.

Any general requests for consideration of your skills, please Join our Talent Community.

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.

Notice to Applicants and Employees who reside within New York City. Click here to view the notice.