Manager, Credit 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: As Manager, Global Risk - Credit Risk Oversight within our Global Risk organization, you will drive the establishment of sound second line oversight processes to support management and expansion of PayPal Europe’s credit portfolio, having a tangible impact on shaping PayPal’s consumer and commercial lending activities in Europe.

**Job Description**:
**Objectives of the job**:
As Manager, Global Risk - Credit Risk Oversight within our Global Risk organization, you will drive the establishment of sound second line oversight processes to support management and expansion of PayPal Europe’s credit portfolio, having a tangible impact on shaping PayPal’s consumer and commercial lending activities in Europe.

**Deliverables and key activities**:
Key activities of the role include:

- Serve as the main contact for global credit risk oversight teams, as well as local and global first line teams, ensuring compliance of PayPal credit risk management wth EU and Luxembourg regulatory requirements
- Actively participate in new credit product launches, ensuring soundness of the set up as well as compliance with local regulatory requirements
- Monitoring performance of the creidt portfolios, identification of early trends and close involvement of definition of remediation plans as needed
- Establishing monitoring and oversight of effectiveness of credit strategies, independently analyzing and interpreting credit data
- Participate in definition of credit risk appetite, in close collaboration with local and global teams, ensuring alignment with strategic objectives as well as full compliance with EU regulatory requirements. Ensuring robust governance of risk appetite, including escalation of breaches.
- Perform independent calculation of a set of metrics (risk appetite, performance, etc.) as a form of control over quality of the data provided by first line teams
- Participate closely and ensure second line oversight of reserving, overlay definition and reserve model changes.
- Review and challenge credit policies and procedures established by first line of defence
- Actively paticipate in internal governance related to credit risk oversight, and rpovide documented second line challenge of the respective proposals
- Establish and maintain independent second line reporting related to credit risk

**Requirements**:

- 5-7 years in credit risk management or credit risk oversight
- Strong knowledge of credit origination process and credit models
- Working knowledge of SQL, Python/R a strong plus
- FRM or similar professional certification is a strong plus
- Strong knowledge of EU and local Luxembourg regulations
- Ability to work in a dynamic work environment, prioritize tasks and establish strong working relationships with a