The Company

Pay Pal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, Pay Pal 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. Pay Pal 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 Pay Pal or Venmo account balance, Pay Pal 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 Pay Pal, 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:

Manager, Prudential and Financial Risk is responsible for strengthening Second Line of Defense oversight over Treasury operations and balance-sheet management, while also contributing to the broader Enterprise Risk Management framework of the Bank. Working closely with Treasury, Finance and Group Risk stakeholders, the role ensures that Treasury activities—including cash management, investment portfolio oversight, funding strategies and the Contingency Funding Plan—are subject to independent and robust prudential challenge. The position also supports the development and enhancement of the Risk Appetite Framework, the materiality risk assessment framework and geopolitical risk integration, contributing to the maturation of PPEU’s overall risk governance.

Job Description: Essential Responsibilities:

• Identify issues and recommend best practices for risk management within the organization.
• Lead functional projects and programs that enhance risk assessment and mitigation efforts.
• Collaborate with teams to analyze business trends and their implications for risk management.
• Contribute to process improvements that enhance the effectiveness of risk management strategies.
• Provide guidance and support to team members in executing risk management initiatives.

Minimum Qualifications:

• 5+ years relevant experience and a Bachelor’s degree OR Any equivalent combination of education and experience.

Additional Responsibilities & Preferred Qualifications: Objectives of the job

Manager, Prudential and Financial Risk is responsible for strengthening Second Line of Defense oversight over Treasury operations and balance-sheet management, while also contributing to the broader Enterprise Risk Management framework of the Bank. Working closely with Treasury, Finance and Group Risk stakeholders, the role ensures that Treasury activities—including cash management, investment portfolio oversight, funding strategies and the Contingency Funding Plan—are subject to independent and robust prudential challenge. The position also supports the development and enhancement of the Risk Appetite Framework, the materiality risk assessment framework and geopolitical risk integration, contributing to the maturation of PPEU’s overall risk governance.

Deliverables and key activities

• Enhance and execute a structured 2LoD oversight framework over Treasury’s balance-sheet management activities, including independent challenge of short-term cash forecasts, investment portfolio composition, counterparty concentration, and intraday/intragroup funding arrangements

• Strengthen oversight over Capital and Liquidity risk management, including independent review and challenge of metric computation, liquidity buffer adequacy, e-money liability dynamics and cash management.

• Provide 2LoD oversight over the Contingency Funding Plan, ensuring it evolves into an operationally actionable framework with clear escalation triggers, responsibilities, and counterparty arrangements

• Coordinate with Group Risk, Treasury, and Finance stakeholders to ensure local prudential requirements are met while leveraging global capabilities where appropriate

• Support the strengthening of governance over balance-sheet management, including contributing to the establishment and operationalisation of the Assets and Liabilities Management and more robust internal decision-making processes

• Contribute to the development and annual revision of the Bank’s Risk Appetite Framework, supporting risk appetite articulation aligned with regulatory expectations

• Perform and coordinate risk materiality assessments across the Bank’s risk taxonomy, including the identification, quantification, and prioritisation of material risks, and ensure that materiality outcomes are consistently reflected in the ICAAP/ILAAP, risk appetite calibration, and internal reporting frameworks

• Contribute to the formalisation of the geopolitical risk framework, including risk taxonomy development, exposure mapping, and integration into ICAAP/ILAAP stress scenarios

• Support the integration of operational risk loss data into the risk management and capital framework, contributing to enhanced data collection, and scenario analysis

• Participate in PPEU governance forums, providing updates on Treasury oversight findings and ERM-related matters

Ideally, you would have

• 5–7 years of experience in a financial risk, Treasury oversight, ALM, or prudential risk role within a regulated EU/EEA credit institution, consultancy, or supervisory authority

• Master’s degree in finance, economics, risk management, or a related field; FRM, CFA, or PRM certification is advantageous

• Strong knowledge of Liquidity risk management frameworks, including LCR, NSFR, funding planning and contingency funding mechanisms, including ILAAP

• Solid understanding of capital adequacy frameworks (CRR/CRD, Pillar 2) and their interaction with balance-sheet management and risk appetite setting, including ICAAP

• Demonstrable experience with Second Line of Defence oversight activities, including independent challenge of first-line Treasury processes, investment strategies, and risk reporting

• Understanding of Enterprise Risk Management frameworks, including risk appetite articulation, operational risk integration, and emerging risk identification (ESG, geopolitical, concentration risk)

• Strong quantitative and technical capabilities, including hands-on proficiency in Python (e.g., pandas, Num Py, Sci Py), scenario analysis, and process automation.

• Strong analytical skills and the ability to translate complex financial risk topics into clear, executive-grade communications for Board, senior management, and regulatory audiences

• Ability to work in a dynamic, international environment, managing multiple stakeholders and competing priorities simultaneously

Subsidiary:

Pay Pal

Travel Percent:

0

PayPal does not charge candidates any fees for courses, applications, resume reviews, interviews, background checks, or onboarding. When making an application directly, we will never ask you to share passwords, one-time passcodes (OTP), or verification codes. Any such request is a red flag and likely part of a scam. All communication regarding your application will come from official PayPal email domains. If you suspect fraudulent activity, please report it immediately. To learn more about how to identify and avoid recruitment fraud please visit https://careers.pypl.com/contact-us.

For the majority of employees, Pay Pal'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 Pay Pal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.

Our Benefits:

At Pay Pal, 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 comprehensive, choice-based programs, to support all aspects of personal wellbeing—physical, emotional, and financial—delivering meaningful value where it matters most. We strive to create a flexible, balanced work culture with a holistic approach to benefits, including generous paid time off, healthcare coverage for you and your family, and resources to create financial security and support your mental health.

Who We Are:

Click Here to learn more about our culture and community.

Commitment to Diversity and Inclusion

Pay Pal 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, Pay Pal 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.

Belonging at Pay Pal:

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 Pay Pal 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 Pay Pal.

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.