Director, Treasury

PayPal Treasury is seeking a driven and analytical Treasury professional with deep knowledge of capital markets to join its EMEA team. This role involves executing and overseeing securities, money market, and repo transactions, ensuring efficient liquidity management and compliance with banking regulations. The Director will assess and manage financial and operational risks, establish world-class standards in trade execution, control frameworks, and regulatory governance. The position also contributes to regional and global initiatives, managing PayPal’s regional balance sheet, executing investment and funding strategies, overseeing regulatory and liquidity risk management, and supporting senior management reporting for continued growth.

Must Have

• Ownership of all bank administration functions, including opening, closing, and maintaining bank accounts
• Partnering with internal constituents to identify and address banking issues
• Developing relationships with global banking partners
• Implementing rigor and controls to prevent misappropriation of funds and assets
• Maintaining Treasury Management Systems usage and optimization
• Leading, coaching, and mentoring the GCM Operations and Treasury teams
• Coordinating and influencing transformation opportunities across the Treasury ecosystem
• Managing treasury technology vendors and systems
• Analyzing current treasury technology capabilities and contributing to the roadmap for scale and efficiency
• Supporting treasury technology risk assessment for new product activities
• Support annual balance sheet and capital planning cycle including regulatory ratio compliance forecasting and monitoring for the Luxembourg Bank entity
• Prepare management presentations on balance sheet optimization opportunities
• Analyze balance sheet trends (e-money, credit, funding composition, maturity profiles) and calculate and forecast regulatory ratio impacts of planned transactions
• Lead compliance with internal controls as well as banking regulatory requirements (e.g., Basel III/IV, LCR, NSFR, SOX, IFRS)
• Monitor total capital ratio compliance, track capital buffer headroom and RWA (Risk-Weighted Assets) movements to identify drivers of change
• Monitor Liquidity Coverage Ratio (LCR) and ensuring bank has sufficient high-quality liquid assets (HQLA)
• Monitor Net Stable Funding Ratio (NSFR) - ensuring NSFR remains at least 100%
• Monitor compliance with large exposure limits, flag potential breaches and coordinate remediation actions
• Ensure compliance with Pillar 2 Requirements (P2R)
• Monitor the bank’s investment portfolio, and execute investment activities, undertake risk-adjusted analysis, and ensure investments align with policy constraints and regulatory standards
• Model regulatory impacts of new products or business initiatives
• Support in responding to ECB/CSSF supervisory inquiries
• Support internal/external audit reviews of regulatory calculations
• Prepare and present management reports on liquidity, cash flow projections, and financial risk exposures to senior leadership and governance committees
• Supporting review of EMEA legal entity structure and manage further capitalization, dividends, and/or liquidations
• Oversight of PayPal’s banking relationships in region in collaboration with global teams
• Work with Accounting, Tax and other teams on joint regional projects
• Monitor and optimize excess cash positions across EMEA entities, ensuring adherence to bank and investment policy guidelines
• Supporting development and maintenance of liquidity contingency plans
• Partner with other Treasury teams to enhance automation and digitization of treasury processes and reports
• Manage treasury forecasting and stress models to support planning and analysis

Good to Have

• Working knowledge of Sungard Quantum
• Working knowledge of SAP

Perks & Benefits

• Flexible work environment
• Employee shares options
• Health and life insurance
• Balanced hybrid work model (3 days in office, 2 days home/office)

Job Summary:

PayPal Treasury is seeking a driven and analytical Treasury professional with deep knowledge of capital markets to join our EMEA Treasury team. In this role, you will execute and oversee securities, money market, and repo transactions, ensuring efficient liquidity management and compliance with evolving banking regulations. You will play a key role in assessing and managing financial and operational risks across Treasury activities, while establishing world-class standards in trade execution, control frameworks, and regulatory governance. Ability to communicate with regulators and senior management in a clear and concise manner is essential also. The successful candidate will also contribute to regional and global initiatives aimed at advancing the Treasury function in Luxembourg and supporting continued growth.

Job Description:

Essential Responsibilities:

• Ownership of all bank administration functions, including opening, closing, and maintaining bank accounts
• Partnering with internal constituents to identify and address banking issues
• Developing relationships with global banking partners
• Implementing rigor and controls to prevent misappropriation of funds and assets
• Maintaining Treasury Management Systems usage and optimization
• Leading, coaching, and mentoring the GCM Operations and Treasury teams
• Coordinating and influencing transformation opportunities across the Treasury ecosystem
• Managing treasury technology vendors and systems
• Analyzing current treasury technology capabilities and contributing to the roadmap for scale and efficiency
• Supporting treasury technology risk assessment for new product activities

Expected Qualifications:

• 10+ years relevant experience and a Bachelor’s degree OR Any equivalent combination of education and experience.

Additional Responsibilities & Preferred Qualifications:

seeking a driven and analytical Treasury or Finance professional to join our EMEA Treasury team based in Luxembourg. In this role, you will play a central part in managing regional balance sheet, executing investment and funding strategies across securities and money market instruments, and ensuring strong adherence to banking regulatory frameworks such as Basel III. You will oversee regulatory and liquidity risk management, support senior management reporting, and collaborate closely with the global Treasury organization to align regional initiatives with enterprise-wide objectives. The successful candidate will help shape world-class Treasury management standards and contribute to strategic projects that advance the transformation of Treasury function in Luxembourg into a more agile, efficient, and risk-aware organization.

Responsibilities for the Treasury Director - EMEA will include, but is not limited to:

• Support annual balance sheet and capital planning cycle including regulatory ratio compliance forecasting and monitoring for the Luxembourg Bank entity
• Prepare management presentations on balance sheet optimization opportunities
• Analyze balance sheet trends (e-money, credit, funding composition, maturity profiles) and calculate and forecast regulatory ratio impacts of planned transactions
• Lead compliance with internal controls as well as banking regulatory requirements (e.g., Basel III/IV, LCR, NSFR, SOX, IFRS)
• Monitor total capital ratio compliance, track capital buffer headroom and RWA (Risk-Weighted Assets) movements to identify drivers of change
• Monitor Liquidity Coverage Ratio (LCR) and ensuring bank has sufficient high-quality liquid assets (HQLA)
• Monitor Net Stable Funding Ratio (NSFR) - ensuring NSFR remains at least 100%
• Monitor compliance with large exposure limits, flag potential breaches and coordinate remediation actions.
• Ensure compliance with Pillar 2 Requirements (P2R)
• Monitor the bank’s investment portfolio, and execute investment activities, undertake risk-adjusted analysis, and ensure investments align with policy constraints and regulatory standards.
• Model regulatory impacts of new products or business initiatives
• Support in responding to ECB/CSSF supervisory inquiries
• Support internal/external audit reviews of regulatory calculations
• Prepare and present management reports on liquidity, cash flow projections, and financial risk exposures to senior leadership and governance committees
• Supporting review of EMEA legal entity structure and manage further capitalization, dividends, and/or liquidations
• Oversight of banking relationships in region in collaboration with global teams
• Work with Accounting, Tax and other teams on joint regional projects.
• Monitor and optimize excess cash positions across EMEA entities, ensuring adherence to bank and investment policy guidelines
• Supporting development and maintenance of liquidity contingency plans.
• Partner with other Treasury teams to enhance automation and digitization of treasury processes and reports
• Manage treasury forecasting and stress models to support planning and analysis

What does Success Look Like?

• Uses rigorous logic and methods to solve difficult problems with effective solutions
• Demonstrates skill in designing, streamlining, and integrating processes to create the most effective and efficient workflows, ensuring tasks are organized and completed with minimal complexity and maximum productivity
• Clear written communications and able to utilize data to craft effective presentations to support decision making
• Can comfortably cope with change and risk to progress tasks within an uncertain environment or with incomplete information

About You

• You have a bachelor's degree or equivalent
• You have proven ability to work and take initiative to problem solve with minimal direction
• In-depth understanding of banking laws, capital adequacy, reserve requirements, and other relevant regulatory frameworks
• Experience working in an ECB regulated bank
• Possess experience of trade execution of securities and money market instruments
• Analytical and strategic thinking for risk assessment, scenario analysis, and financial decision-making.
• Possesses the capability to initiate, lead, or actively contribute to projects, ensuring effective representation and integration of treasury requirements and insights throughout the project lifecycle
• You have proficiency in Microsoft Excel and PowerPoint
• You have experience in cash forecasting and modelling inputs and have familiarity with financial statements
• You are able to quickly understand complex process flows and drive process improvements
• You have demonstrated understanding of financial and relational data and using analytics to drive solutions
• You have strong interpersonal skills, including written and oral communication skills
• You should be able to work well with cross functional teams and external partners
• You have previous experience working in a matrixed organisation
• You have strong internal customer focus, with a desire to exceed expectations
• You have more than +10 years of work experience in Treasury or Liquidity Risk Management or similar in Banking or Multi-National Corporations
• You have familiarity with global liquidity management, banking risk management structures and regulatory ratios management

You Might Also Have

• Working knowledge of Sungard Quantum and SAP (preferred)

Subsidiary:

PayPal

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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 https://www.paypalbenefits.com.

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