Sr Mgr, Credit Risk Oversight (Consumer)

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 Credit Risk Oversight Manager to join our Financial Risk Management Oversight Organization.

The Global Financial Risk Oversight team enables the delivery of innovative and reliable credit products and services across the world. The team ensures that PayPal’s credit products operate according to its financial strategic objectives, as well as risks are managed comprehensively and effectively by first line of defense functions.

This role is responsible for leading the oversight of the Consumer Lending products, including their Underwriting and Account Management practices, ensuring that the portfolio is properly managed and is operating according to strategic goals.

As part of the Second Line of Defense function, you will provide independent oversight, through defining requirements, effective challenge and risk assessments.
• To be successful, this role requires strong background in Credit Risk principles, underwriting, analytical skills, and the ability to collaborate, negotiate and influence across multiple functions while maintaining independence.

Job Description:

You will make an impact by ensuring that;

• Credit risk management objectives are met.
• Senior management receives accurate and timely information to make informed decisions.
• Establish guardrails in which the First Line of Defense must operate, including formulation of policy requirements, metrics and thresholds.
• Challenge the First Line teams, whenever there are potential deviations to expected results, unsound risk management strategies, or when there is material risk.
• Products and services are built and maintained to serve our customers.
• Risk controls are aligned with business requirements.
• Regulated entities are prepared for internal and external audits, inspections, and inquiries.

In your day-to-day role you will;

• Lead the Consumer Credit Risk Oversight function to provide independent oversight and effective challenge of products offered globally.
• Advise senior management about risk posture and risk priorities including the emerging risks and the organization’s effectiveness in addressing the risk.
• Participate in governance committees and forums to provide independent subject matter expertise in credit risk.
• Validate that the initiatives, strategy, and policy changes are aligned with requirements and objectives.
• Collaborate with regio