Manager, Model Risk Management

**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 - Model Risk Management within our Global Risk organization, you will drive execution on key model risk management workstreams, ensuring effective oversight and being involved in all stages of model development, review, validation and performance monitoring, as well as contributing to building sound risk culture within the Bank.

**Job Description**:
**Objectives of the job**

As Manager, Global Risk - Model Risk Management within our Global Risk organization, you will drive execution on key model risk management workstreams, ensuring effective oversight and being involved in all stages of model development, review, validation and performance monitoring, as well as contributing to building sound risk culture within the Bank.

Deliverables and key activities

**Key activities of the role include**:

- Ensure implementation of the Bank’s Model Risk Management framework and policy, establishing sound governance processes and oversight of all processes related to development, implementation and review of models. Credit models, stress testing models, and other models will be covered by the role.
- Serve as second line oversight function, maintain active involvement at all stages of model design, implementation, validation and ongoing monitoring ensuring active challenge of model design and assumptions
- Work closely with local ang global stkeholders to ensure compliance of model management with EU and Luxembourg retgulatory requirements
- Participate in PPEU governance forums, providign updates related to model lifecycle
- Maintain model risk inventory for the entity, ensure validation in line with model risk ratings and remediation of any model-related findings or improvements
- In addition to model-related responsibilities, the role will support definition of stress testing assumptions for PPEU and enterprise stress tests as well as execution of stress testing program

**Requirements**:

- 5-7 years in a similar position in a regulated entity or consultancy
- Strong knowledge of credit models and experience with model design or validation
- 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 variety of stakeholders

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