Regulatory Reporting Senior Manager Bangalore Karnataka India

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: Working as part of the global Regulatory Governance and Reporting team, the role will manage Regulatory Reporting obligations for PayPal Licensed entities Job Description: Essential Responsibilities: * Lead complex projects related to the administration of legal entities and corporate structures. * Resolve complex problems by applying functional expertise and understanding current business trends. * Develop methods and procedures for new assignments to improve global processes. * Provide valuable insights on corporate governance and compliance to enhance operational efficiency. * Collaborate with cross-functional teams to ensure alignment on entity management strategies. Minimum Qualifications: * 8+ years relevant experience and a Bachelor’s degree OR Any equivalent combination of education and experience. Additional Responsibilities & Preferred Qualifications: Job Description: * Manage and prepare accurate and timely regulatory reporting for PayPal licensed entities in compliance with financial regulation as prescribed by legislation and published Circulars, including financial, prudential, statistical and credit reports. * Monitor, forecast and publish relevant internal regulatory metrics, primarily related to Safeguarding, Liquidity and Capital of licensed entities. * Lead, coach and mentor a team of Regulatory Reporting professionals executing to a high standard and supporting their career development. * Collaborate effectively with key stakeholders including Regulatory Reporting Leadership, Finance Controllership, Finance Systems Leads, Data Technology, Treasury, Product, Compliance, Risk and Credit teams. * Support integration of regulatory reporting changes originating from new regulation and new products. * Support M&A integrations for PayPal licensed entities. * Continuously validate existing reporting obligations with regulation and related data requirements. * Manage the end-to-end data process to complete timely report production utilizing dedicated regulatory reporting applications and automation including AI. * Ensure data integrity and controls with reconciliations to source systems and against financial accounts. Resolve any exceptions through process improvements and holding data providers accountable for data quality. * Monitor the development of new regulations to ensure advance awareness and preparatory tasks are undertaken early to implement foreseen changes; Liaise with Compliance, Legal and RGR leadership regarding new obligations. * Strive to create efficiencies in processes, in particular focusing on risk reduction through prioritizing automation and maximizing the use of AI technologies. * Review and manage detailed standard operating procedures and checklists focusing heavily on prescribed internal controls throughout. * Prepare and present periodic updates to Finance Leadership. * Challenge, resolve and communicate any issues to internal stakeholders, whilst adhering to the Enterprise Issue Management Policy * Collaborate with internal and external auditors ensuring all requests and any issues are addressed timely and accurately. * Assist the Global Regulatory Reporting and Governance team when required. Requirements: * 8 years + experience in Financial Institution and regulated business including payments/fintech/banking. * Strong interpersonal skills including coaching, mentoring and developing team members. * High level of expertise in sourcing, interrogating and manipulating data in various forms/code from multiple systems/platforms. * High level of expertise in process automation and integration of AI technologies * Technical knowledge dealing with multiple data systems and regulatory reporting applications, including experience with SAP. * Keen analytical and problem-solving experience with a strong focus on quality assurance of output. * Experience in and ability to interpret EBA banking, payments and credit regulations relevant to UK, EU and globally is mandatory. * Ability to interpret EU and APAC financial regulation and apply to associated report development. * Familiarity with local and international accounting standards. * Excellent written and oral communication and interpersonal skills with fluency in English mandatory. * Attention to detail and the ability to prioritize and deliver in a fast paced and dynamic environment with a high degree of personal accountability, integrity and trust. * Demonstrated ability to work effectively within cross functional and remote teams. * Ability to create and maintain a balanced, positive work environment for direct reports and the broader Regulatory team. * Ability to share information, transfer knowledge and expertise to team members. * Strong process improvement skills. * Support regulatory reporting activities across regions as business needs evolve. * Ability to escalate issues and seek guidance as required. Subsidiary: PayPal Travel Percent: 0 PayPal does not charge candidates any fees for courses, applications, resume reviews, interviews, background checks, or onboarding. When making an application directly, we will never ask you to share passwords, one-time passcodes (OTP), or verification codes. Any such request is a red flag and likely part of a scam. All communication regarding your application will come from official PayPal email domains. If you suspect fraudulent activity, please report it immediately. To learn more about how to identify and avoid recruitment fraud please visit https://careers.pypl.com/contact-us. For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveni