Audit Manager, Vice President – Financial Crimes/Transaction Monitoring/Investigations
Wells Fargo
Sanctions Program Manager
PayPal
full-time
Posted on:
Origin: • 🇺🇸 United States • Arizona, District of Columbia, Illinois
Visit company websiteSalary
💰 $100,500 - $173,250 per year
Job Level
SeniorLead
About the role
- Manage execution and implementation of PayPal’s Sanctions and PEP Compliance Program
- Evaluate new and modified product initiatives for compliance with OFAC and other global sanctions regulatory requirements
- Oversee sanctions and PEP processes and procedures to determine if effective controls are in place to mitigate risk
- Work closely with key stakeholders to address and resolve sanctions and PEP escalations
- Identify issues and recommend best practices for risk management within the organization
- Lead functional projects and programs that enhance risk assessment and mitigation efforts
- Collaborate with teams to analyze business trends and their implications for risk management
- Contribute to process improvements that enhance the effectiveness of risk management strategies
- Provide guidance and support to team members in executing risk management initiatives
- Maintain close relationships with GFC&CP investigations to understand process and procedures and provide guidance on executive escalations and complex investigations
- Proactively identify sanctions and PEP compliance risks and work closely with cross-functional stakeholders to monitor open issues and help define and manage remediation activities
- Consult with the Product Advisory Team on any new or modified products and assess sanctions compliance risks and draft sanctions screening exemptions, as appropriate
- Assist in engagement with internal audit and regulators on sanctions and PEP issues
- Support PayPal’s external bank request process and collaborate with GFC&CP teams to resolve identified issues and escalations
- Participate as an advisory stakeholder in the Partner Due Diligence process, responding to due diligence requests from partners and presenting on PayPal’s global sanctions and PEP-related policies and procedures
Requirements
- Minimum of 8 years of relevant work experience and a Bachelor's degree or equivalent experience
- BS/BA degree (Bachelor's) required or equivalent experience
- 5-7 years of experience in compliance or risk management at a large regulated financial institution or equivalent related experience (listed under Qualifications)
- ACAMS, ICA Compliance or other relevant Financial Crime/Risk Management Certifications preferred
- Knowledge of and expertise in OFAC regulations preferred
- Results-oriented, "roll up your sleeves" attitude
- Able to handle multiple projects simultaneously with strong sense for prioritization
- Strong verbal, written, presentation / other related communication and influencing skills
- Consistent demonstration of company values in all interactions
- Travel Percent: 0
