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Director, Third Party Risk Management

3 months ago

Omaha, Nebraska, United States PayPal Inc. Full time
At PayPal (NASDAQ: PYPL), we believe that every person has the right to participate fully in the global economy. Our mission is to revolutionize commerce globally to make moving money, selling and shopping, personalized and secure.

Job Description Summary:
PayPal is seeking a Leader to drive it's Third Party Risk Management Program.

Job Description:

The Director, Global Third Party Risk Management will be responsible for compliance and risk management of PayPal's vendors, partners and suppliers as it relates to various global regulatory bodies, information security and data. This leader will have responsibility for the evolution of PayPal's program from a technical, and business engagement perspective. PayPal has a network of over 5,000 third parties with whom they do business, and each has a unique risk profile that is pertinent to the safety and security of our operations. This leader will hold responsibility for that portfolio of risk profile, and ensure compliance of the Risk Management process, escalate issues as it relates to vendor management, govern the policies, procedures and escalations around our supplier Risk, and interface with all facets of the business to help PayPal understand, improve and insulate itself from intolerable risks. This role is part of the Purchase to Pay group, and reports into the Finance division, with strong ties to the Enterprise Risk and Compliance team.

This role is critical to PayPal's success as a safe, reliable and secure FinTech business. The ideal candidate will have experience in vendor management, a very strong understanding of Global Banking environments, and is an aware and inclusive partner to the business.

Additional Job Description:

Job Overview: We are seeking a highly experienced and strategic Director to lead our Third-Party Risk Management Operations in the dynamic field of financial services. The successful candidate will be responsible for developing and implementing robust third-party risk management processes, ensuring compliance with regulatory requirements, and safeguarding the integrity of our operations.

Key Responsibilities:

Strategic Planning:
  • Develop and execute a comprehensive third-party risk management strategy aligned with organizational goals.
  • Collaborate with key stakeholders to integrate risk management practices into business processes.
Policy Development and Compliance:
  • Collaborate with second line on policy updates or changes. Create and maintain procedures for third-party risk management in accordance with industry regulations.
  • Ensure compliance with relevant legal and regulatory requirements.
Vendor Due Diligence:
  • Oversee the assessment and due diligence of third-party vendors to evaluate their risk profile.
  • Implement effective vendor selection processes and criteria.
Risk Assessment and Mitigation:
  • Conduct risk assessments to identify potential vulnerabilities in third-party relationships.
  • Develop and implement risk mitigation strategies to minimize potential negative impacts.
Monitoring and Reporting:
  • Implement a robust monitoring system for ongoing assessment of third-party performance and compliance.
  • Provide regular reports to senior management on the status of third-party risk management operations.
Cross-functional Collaboration:
  • Collaborate with internal departments, including legal, compliance, and information security, to ensure a holistic approach to risk management.
  • Work closely with business units to understand their third-party risk exposure and provide guidance on risk mitigation.
Training and Awareness:
  • Develop and deliver training programs to enhance awareness and understanding of third-party risk management across the organization.
Qualifications:
  • Bachelor's degree in business, finance, risk management, or a related field.
  • Proven experience (8+ years) in third-party risk management within the financial services industry.
  • Strong knowledge of regulatory requirements and industry best practices related to third-party risk.
  • Excellent leadership, communication, and interpersonal skills.
  • Demonstrated ability to develop and implement effective risk management strategies.
Subsidiary:
PayPal

Travel Percent:
0

Bachelors Degree or Equivalent (Required), Juris Doctorate or Equivalent, MBA or Equivalent

English
Our Benefits:
At PayPal, 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 benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.
We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit

Who We Are:
Click Here to learn more about our culture and community.

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. For more information, ,

PayPal 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, PayPal 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

Any general requests for consideration of your skills, please Join Our Talent Community.