At a Glance
- Tasks: Lead financial crime risk oversight and ensure compliance with UK regulations.
- Company: Join PayPal, a global leader in secure and innovative payment solutions.
- Benefits: Enjoy flexible work options, employee shares, health insurance, and more.
- Other info: Hybrid work model: 3 days in the office, 2 days remote.
- Why this job: Be part of a mission-driven team focused on inclusion, innovation, and community impact.
- Qualifications: 10+ years in financial services, with strong communication and collaboration skills.
The predicted salary is between 43200 - 72000 £ per year.
Financial Crime Director Financial Crime Director
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 Summary:
Embed financial crime risk oversight within the first line in the UK and ensure compliance with regulatory obligations including UK Money Laundering regulations and FCA Consumer Duty requirements.
Job Description:
Your day to day will look like:
- Owns and manages day-to-day FCR, acting as Financial Crime UK Entity Service Owner (ESO)
- Responsible for FLOD monitoring and assurance activities to evaluate the effectiveness of financial crime controls and respond to emerging threats, reducing exposure to financial crime
- Monitor and manage service-level agreements (SLAs) with the outsourced group entities to ensure adherence to agreed performance and risk management standards.
- regularly assess how financial crime controls impact customer outcomes, identifying and addressing gaps in customer fairness, transparency, and support
- Usses MI to monitor control performance and escalates issues via OCCO and ARCC as appropriate
- Partnering with global teams to conduct detailed analysis of system configurations for transaction monitoring and filtering
- Provide input on investigative procedures and helping to refine investigative decision making criteria that optimize for both effectiveness and efficiency.
- Root cause analysis for financial crime incidents or control failures and oversee the implementation of corrective actions, including improvements to outsourced processes.
- Develop strategies to execute against UK policy requirements,
- Ensures relevant training is given to operational teams to reinforce culture of compliance
- Conducts FLOD FC risk assessments for new products and advises on control requirements
Ideally you would have:
- 10+ years of professional and leadership experience, at least 7 of which are in AML or the broader financial services industry
- Exceptional written and oral communication skills with prior experience delivering or presenting to regulators/external stakeholders
- Proven ability to execute in a fast paced and deadline driven environment
- Exceptional collaboration skills, within function and across peer stakeholders
Preferred Qualification:
Subsidiary:
PayPal
Travel Percent:
0
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 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
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.
Boost your career
Find thousands of job opportunities by signing up to eFinancialCareers today. #J-18808-LjbffrFinancial Crime Director | London, UK employer: PayPal, Inc.
PayPal is an exceptional employer that prioritises employee well-being and professional growth, offering a balanced hybrid work model that fosters collaboration while providing flexibility. With a strong commitment to diversity and inclusion, PayPal ensures that every team member feels valued and empowered, supported by comprehensive benefits that promote financial, physical, and mental health. Working in London, you'll be part of a dynamic team dedicated to innovation and excellence in the financial services industry, making a meaningful impact on the global economy.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Crime Director | London, UK
✨Tip Number 1
Familiarise yourself with the latest UK Money Laundering regulations and FCA Consumer Duty requirements. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance, which is crucial for the Financial Crime Director role.
✨Tip Number 2
Network with professionals in the financial crime sector, especially those who have experience with PayPal or similar companies. Engaging in conversations can provide insights into the company culture and expectations, giving you an edge during the interview process.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed financial crime risks in previous roles. Highlighting your hands-on experience with monitoring and assurance activities will showcase your capability to handle the responsibilities outlined in the job description.
✨Tip Number 4
Stay updated on emerging threats in financial crime and be ready to discuss how you would address these challenges at PayPal. Showing that you are proactive and knowledgeable about current trends will impress the hiring team and demonstrate your strategic thinking.
We think you need these skills to ace Financial Crime Director | London, UK
Some tips for your application 🫡
Understand the Role:Before applying, make sure you fully understand the responsibilities and requirements of the Financial Crime Director position at PayPal. Tailor your application to highlight relevant experience in AML and financial services.
Highlight Relevant Experience:In your CV and cover letter, emphasise your 10+ years of professional experience, particularly the 7 years in AML or related fields. Use specific examples to demonstrate your leadership skills and ability to manage financial crime risks.
Showcase Communication Skills:PayPal values exceptional written and oral communication skills. Include examples of how you've effectively communicated with regulators or external stakeholders in your previous roles. This will help you stand out as a candidate.
Tailor Your Application:Make sure your CV and cover letter are tailored specifically for this role. Use keywords from the job description, such as 'FLOD monitoring', 'service-level agreements', and 'root cause analysis', to show that you are a perfect fit for the position.
How to prepare for a job interview at PayPal, Inc.
✨Understand Financial Crime Regulations
Make sure you have a solid grasp of UK Money Laundering regulations and FCA Consumer Duty requirements. Be prepared to discuss how these regulations impact the role and how you would ensure compliance within the organisation.
✨Showcase Your Leadership Experience
With over 10 years in the field, highlight your leadership experience, especially in AML or financial services. Share specific examples of how you've led teams or projects that successfully mitigated financial crime risks.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about past incidents you've managed, how you conducted root cause analysis, and the corrective actions you implemented.
✨Demonstrate Collaboration Skills
PayPal values collaboration across teams. Be ready to discuss how you've worked with various stakeholders to achieve common goals, particularly in enhancing financial crime controls and customer outcomes.
