Treasury Liquidity Manager Luxembourg City Luxembourg Luxembourg

Job description

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 Summary: This job oversees key Treasury processes (e.g. global cash management activities, FX, investments). you will introduce and implement best practices for Treasury based on your proven expertise. You will prioritize projects within your function and you will be responsible for timely delivery of quality of Treasury projects related to your area. You will collaborate with peers under direction of Treasury leaders to optimize treasury processes, manage liquidity, and collaborate with internal teams for compliance and product expansion. Job Description: Essential Responsibilities: * Take ownership of key Treasury processes such as corporate cash management or FX risk management activities. * Partner with internal constituents to solve corporate cash management issues. * Leading junior treasury team members for professional growth. * Institute and socialize BCP/BIA processes and planning. * Maintain and manage Treasury Workstation usage, optimization, testing, and upgrades. * Integrate acquisitions and standardize policies across the organization. * Provide oversight of intercompany loans and other Treasury Policies. * Identify automation initiatives for daily operations efficiency. * Collaborate with Risk and Compliance teams for regulatory and licensing compliance. Minimum Qualifications: * 5+ years relevant experience and a Bachelor’s degree OR Any equivalent combination of education and experience. Additional Responsibilities & Preferred Qualifications: The Treasury Manager position will report to the Treasury Senior Manager, Product Liquidity & New Products and be based in the Luxembourg. In this hands-on role you will 1) manage cash forecasting models 2) ensure sufficient funds are available to meet ongoing operational requirements 3) manage treasury regulatory aspects of EU and UK PayPal entities The Treasury Manager will also operationalize the design of product funds flow and lead the transformation of day-to-day EMEA operations, collaborating with the Bank Admin team to stand up new bank accounts, funding sweeps or other banking and/or Treasury systems infrastructure to support new product rollouts at PayPal. The Treasury Product Liquidity function is integral to the strategy & execution of liquidity to support PayPal’s global business and is responsible for ensuring appropriate management of company’s financial resources in accordance to treasury policies and procedures. The team works closely with Finance functions (such as Accounting, Tax, Intercompany Group, Controllership), other internal constituents (such as Legal, IT, Product), and external parties (particularly banking partners). The New Products function supports new initiatives across PayPal globally, serving as a primary point of entry for Product and Commercial teams and enabling successful product delivery. The Treasury New Products team represents Treasury for all new initiatives impacting liquidity strategies and account structures. Your way to impact * You will develop and maintain robust, forward-looking cash and FX forecasting and controls that ensure products are always funded, compliant, and resilient to incidents across markets * You will strengthen the operating environment by deepening bank and cross-functional partnerships, resolving payment issues quickly, and driving automation that removes manual work and repeat errors * You will embed Treasury into new product design by shaping funds flows, bank account structures, and tooling so launches are operationally smooth and scalable from day one In your day-to-day role you will * Support and provide oversight of day-to-day cash management operations, including cash and FX needs forecasting, in accordance with treasury policies and procedures to meet PayPal product liquidity and PayPal entities regulatory requirements * Support the EU and UK treasury regulatory activity (safeguarding, regulatory projects) * Identify weaknesses and associated risks in our internal process controls and recommend mitigation of risks and reduction of repeat operational issues * Document, maintain and update operational processes, exceptions to policies and cross-train * Identify opportunities for and explore the build-out of critical tools to automate routine work where possible and address longer-term issues, partly through design of monitors, reports, dashboards & early warning mechanisms (with product and engineering teams) * Work on the optimization of the banking infrastructure and automation of EMEA operations, ensuring alignment with EU regulatory requirements and oversight bodies * Understand product flows and any operational issues as it relates to payment rails * Manage our bank relations and ensuring a functioning set-up while we expand to new countries or integrate new acquisitions * Participate in the development of funds in/out processes for existing and new products. Work across business functions including Engineering, Compliance, Finance and Product/Platform. * Participating in financial contract/ instrument review and negotiations * Incident management, including tracking & reporting, and support settlement of customer activities for fiat and crypto flowing through the platform * Support resolution of payment operational challenges (with internal and external teams) * Execute on continuous improvement of our treasury & cash management tools, systems and processes, including cash flow, liquidity & FX forecasting, payments and reconciliations * Work on ad hoc projects as assigned What do you need to bring * Expertise in cash management, ideally including euro payment schemes and infrastructures such as SEPA Credit Transfer, SEPA Instant Credit Transfer and SEPA Direct Debit. Experience should include operations, real-time monitoring, incident manag