Sr Manager, Global Sanctions Oversight

PayPal India Private Limited - Chicago, IL

Full-time - Senior

Chicago, IL

About the position

The Senior Manager, Global Sanctions Oversight at PayPal is responsible for overseeing the company's compliance with global sanctions regulatory requirements, particularly those set by the Office of Foreign Assets Control (OFAC). This role involves developing internal strategies and policies related to the Global Sanctions Program, ensuring adherence to sanctions policies, and guiding the quality of sanctions control processes. The position requires collaboration across various business units to address complex issues and drive effective resolutions while maintaining compliance with regulatory requirements.

Responsibilities

• Maintain Global Sanctions/OFAC related policies, guidelines, and training for management and employees.
• Support investigations and interactions with the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) and local government authorities.
• Monitor adherence to the Company's Global Sanctions Policy and relevant procedures to verify compliance with applicable requirements.
• Assess the potential impact of issues/violations and control process gaps to help management define remediation activities.
• Work collaboratively across the business to understand its needs and drive effective resolution of complex issues.
• Act as a liaison for examinations, internal audits, and external audits of the Global Sanctions/OFAC Program.
• Advise stakeholders on sanctions trends, emerging risks, and recommend changes to mitigate those risks.
• Provide subject matter expertise in identifying, assessing, prioritizing, and managing sanctions compliance risk.

Requirements

• Typically requires a minimum of 12 years of related experience with a Bachelor's degree; or 8 years and a Master's degree; or a PhD with 5 years experience; or equivalent experience.
• Experience in financial crimes compliance, risk, advisory, or a combination of the three, with a strong sanctions background.
• Ability to lead initiatives across multiple teams and stakeholders.
• Policy and sanctions advisory experience is a plus.
• Juris Doctor (JD) preferred.

Benefits

• Flexible work environment
• Employee share options
• Health insurance
• Life insurance