Senior Director, Financial Controls

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 Description Summary:

• This role will be responsible for internal control design and process documentation. You will work cross-functionally with the finance, product, IT and internal audit teams to ensure an effective control environment.
• You will work closely with process owners to help develop internal controls, modify process documentation and control design as the environment changes and partner with teams to address control gaps and deficiencies
• This role is a new position reporting directly to the Chief Accounting Officer (CAO). You will build out a team (size to be determined) to help support process documentation and the control environment.
• The CAO team has global responsibility for accounting and external reporting. This role will work with multiple teams to ensure we maintain effective internal controls over financial reporting and to identify process improvement opportunities, as applicable.

Job Description:

·      You will set the standard for financial process documentation and identify ways to optimize our internal control environment.

·      You will work closely with key stakeholders across the PayPal enterprise to address control gaps and deficiencies, while driving process documentation and control ownership. 

In your day-to-day role you will

• Develop recommendations for process improvements or efficiency enhancements to company processes

• Oversee / write narratives and prepare flowcharts documenting financial processes and current internal control procedures

• Collaborate with process owners / managers to ensure ownership of all significant processes and controls

• Apply and assess financial reporting impact based on knowledge of Accounting Principles (e.g., US GAAP, IFRS)

• Identify potential control weaknesses and create value added, relevant solutions that align with business requirements without sacrificing efficiency

• Examine internal control gaps and recommend best practices

• Identify and review key controls in preparation for testing

• Assist as necessary with SOX walkthroughs in partnership with the Internal Audit SOX team and the Company’s external auditors

• Work cross-functionally to evaluate the operating effectiveness of internal controls over financial reporting

• Work with finance, IT and operations teams to ensure that audit findings and control deficiencies have action plans and are resolved timely

• Stay apprised of all new SOX compliance guidelines and interpretations and new PCAOB requirements

• Will lead a team of 3-5 individual contributors to support the controls program

What do you need to bring:

Subsidiary:

PayPal

Travel Percent:

0

-

PayPal is committed to fair and equitable compensation practices.

Actual Compensation is based on various factors including but not limited to work location, and relevant skills and experience.

The total compensation for this practice may include an annual performance bonus (or other incentive compensation, as applicable), equity, and medical, dental, vision, and other benefits. For more information, visit https://www.paypalbenefits.com.

The U.S. national annual pay range for this role is

$143400 to $285450

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 conveniences of both locations.

Our Benefits:

At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.

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.

Who We Are:

Click Here to learn more about our culture and community.

Commitment to Diversity and Inclusion 

PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state, or local law.  In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities.  If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at talentaccommodations@paypal.com.

Belonging at PayPal: 

Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.

Any general requests for consideration of your skills, please Join our Talent Community.

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.