The Compliance Director is responsible for second line oversight for all risk disciplines, including Compliance, across all lines of business in PayPal Payments (Beijing) Co., Ltd. (PPCN). This role is charged with the implementation of the global enterprise risk and compliance program in market which includes implementing policies & standards to drive an industry-leading, data-driven approach to excellence in enterprise risk and compliance management that meets both the PayPal enterprise framework and all local regulatory requirements. This role will be delivering on the regulatory requirements of the Global Chief Compliance Officer and Global Money Laundering Reporting Officer in China and will be the key person accountable for these functions. The role will dual report into the PPCN CEO and Asia Chief Compliance Officer and will manage a team of compliance professionals located in China.

Job Description:

Responsibilities:

Candidate will ensure that the appropriate fit for purpose processes & systems are in place to enable PPCN to identify, manage, and mitigate risk across the businesses in the market. The PPCN Compliance Director will provide oversight by:

•                   Maintaining & managing Policy & Procedures Governance;

•                   Risk Appetite Governance & Reporting;

•                   Collaboration with Legal team to maintain an inventory of legal obligations;

•                   Supporting maintenance of risks in line with risk taxonomy, framework & assessment process;

•                   Providing objective, independent risk and compliance assessments & recommendations;

•                   Supporting first line in prioritization of risk mitigation;

•                   Supporting the business to roll out new products and initiatives and ensure “compliant by design” principle;

•                   Establishing and maintaining effective stakeholder engagement with key regulators; and

•                   Escalating timely and actionable information to key stakeholders.

In the day-to-day Candidate will:

• Manage a team of local professionals to ensure the effective implementation of the global compliance framework across all lines of business in the market.
• Manage relationship and exam reviews with all regulators.
• Establish processes with Legal and Government Relations to ensure awareness of all regulatory changes relevant to PayPal across operations in the market.
• Maintain and deploy enterprise risk management capability, including the provision of high quality advice, insight and support to the PPCN CEO, PPCN management committees, regional and global teams.
• Work with the functional business risk control leads to understand global risks impacting PayPal as well as risk themes which may impact the businesses.
• Maintain the enterprise risk management framework including risk appetite statements, risk tolerances & specific metrics in partnership with the business & in line with regulatory requirements.
• Foster confidence and provide assurance to management and the Board, that enterprise framework is effectively managed, consistent with the local regulatory requirements.
• Reinforce roles & responsibilities with respect to embedding global risk management principles across FLOD and SLOD, & provide objective oversight & challenge of strategy, key business decisions & performance, for improved outcomes.

• At least 15 years’ experience in a large organization including demonstrated leadership in building risk & compliance frameworks.
• Strong relational skills with local regulatory bodies.
• Sound knowledge of compliance & risk practices/framework & regulatory obligations of AML/CTF, Privacy, Consumer Protection, and payments related requirements.
• Broad understanding of payments, credit & banking.
• Experience designing Board documents & organizational structures to support appropriate Governance across complex geographically challenged entities.
• Impeccable written and verbal communications skills with the ability to translate, articulate and present highly technical and complex procedural recommendations, regulations, laws and policies to a variety of audiences.
• Strong change management skills, adept at working in an environment of shifting priorities, constant technological changes and increasingly stringent regulatory pressures.
• Excellent written and oral English and Chinese communication skills.