Sr. Director, Head of Cash 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:

What you need to know about the role:
• This role will be responsible for managing PayPal’s cash flow related to corporate activities, overseeing PayPal’s bank account infrastructure including Bank account opening, closing, KYC activities, and managing daily settlements of intercompany and external transactions in the wire room.
• You will report to the Treasurer directly as part of Treasury leadership team, and manage an existing team of ~15 employees across the US and India.
• This role requires a proven track record of enhancing productivity and efficiency using latest Treasury technologies and techniques, with a strong emphasis on operational excellence within a structured governance and control framework.
• You will lead the ongoing transformation of the Cash Management function by improving existing processes with cutting-edge technology and driving long-term strategic initiatives, such as the In-House Bank initiative.


Meet our team:
• PayPal’s Cash Management team manages PayPal’s corporate cash to provide sufficient liquidity at group and to subsidiary level, maintains critical banking infrastructure, and provides daily internal and external funds settlements through the wire room
• You will work closely with the Product settlement, FX Risk Management, Investments, and other Treasury teams to ensure operational excellence in cash management related activities.
• You will also closely collaborate with Controllership, Payroll, AP, Tax and Legal teams.

Job Description:

Your way to impact

• You will be expected to develop and articulate a clear strategy for the team that will enable PayPal’s liquidity management and capital allocation. As an expert in your area, you will identify and develop Treasury initiatives that are in line with company’s goals and lead your function to deliver against these goals.
• You will implement, improve, and maintain efficient cash management systems using your knowledge and expertise of latest Treasury technologies and techniques.
• You will incorporate data and analytics in cash positioning and forecasting processes.
• You will ensure operational excellence in all Cash Management activities.
• You will work cross-functionally with the Finance, Product, IT and Internal Audit teams to ensure an effective control environment for PayPal’s cash management activities.
• You will be a key contributor to PayPal’s cash management transformation, specifically in setting up the In-House Bank infrastructure.

In your day-to-day role you will oversee