PPUK Chief Compliance Officer and MLRO

PayPal; London; Hybrid; GBP 80,000 - 150,000; Full time

Job summary

An established industry player seeks a Chief Compliance Officer to oversee compliance and AML functions. This pivotal role involves shaping compliance strategy, managing risks, and fostering a culture of compliance within a dynamic environment. The ideal candidate will lead the compliance program, ensuring adherence to FCA regulations while developing AML frameworks and policies. With a commitment to inclusion and innovation, this role offers a hybrid work model and a chance to make a significant impact in a globally recognized company. If you are passionate about compliance and have a proven track record in financial services, this opportunity is for you.

Benefits

Health Insurance

Employee Shares

Flexible Work Days

Diversity and Inclusion Programs

Qualifications

• Extensive experience in compliance within regulated financial services.
• Deep knowledge of FCA regulations and AML/CTF frameworks.

Responsibilities

• Lead compliance program and ensure adherence to FCA regulations.
• Develop AML/CTF frameworks and oversee regulatory filings.
• Manage compliance risks and conduct annual risk assessments.

Skills

Senior Compliance Experience

Knowledge of FCA UK Regulations

AML/CTF Expertise

Leadership Skills

Analytical Skills

Communication Skills

Job description

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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 online or in person. PayPal offers proprietary payment solutions accepted by merchants, enabling seamless payments on our platform.

Our services include account-based purchases, transfers, withdrawals, and safer fund exchanges using various funding sources like bank accounts, PayPal or Venmo balances, credit/debit cards, cryptocurrencies, and gift cards. Our products also facilitate cross-border shopping and merchant global reach, reducing trade complexities.

Our core values of Inclusion, Innovation, Collaboration, and Wellness guide our daily conduct, fostering a unified global team focused on our customers and communities.

Job Description Summary

This role is responsible for overseeing compliance and AML/CTF functions for PayPal UK Limited (PPUK), ensuring adherence to FCA and other UK regulations. The CCO will shape compliance strategy, manage risks, and foster a culture of compliance, reporting to the PPUK CEO and International Head of Compliance. The role includes SMF16 (Compliance) and SMF17 (Money Laundering) senior management functions.

Key Responsibilities

1. Lead the compliance program, aligning with FCA and UK regulations.
2. Maintain understanding of applicable laws and industry standards, adapting strategies accordingly.
3. Develop and update AML/CTF frameworks, policies, and procedures.
4. Oversee regulatory filings and reports.
5. Chair the PPUK Risk and Compliance Committee.
6. Ensure activities comply with legal and regulatory standards, including Consumer Duty and AML.
7. Identify and monitor compliance risks, implementing mitigation strategies.
8. Conduct annual risk assessments for financial crime, sanctions, and anti-bribery measures.
9. Establish risk-based monitoring processes for financial crime.
10. Draft, review, and implement compliance policies aligning with regulations and business goals.
11. Act as primary liaison with regulators and manage audits and inquiries.
12. Report to the Board and senior management on compliance status and risks.
13. Ensure corrective actions for compliance issues.
14. Build and lead the Compliance and Financial Crime teams, ensuring proper training and resources.
15. Provide guidance on complex compliance issues and team performance management.

Qualifications

• Extensive senior compliance experience in regulated financial services.
• Deep knowledge of FCA UK regulations, AML/CTF, conduct risk, and data protection.
• Proven success managing regulatory relationships and audits.
• Strong leadership skills and ability to influence compliance culture.
• Excellent communication and interpersonal skills.
• Analytical and problem-solving capabilities.
• High integrity, attention to detail, and proactive risk mitigation approach.

Additional Information

PayPal offers a hybrid work model with 3 days in the office and 2 days flexible, along with benefits such as health insurance, employee shares, and more. Learn more at PayPal Benefits.

We value diversity and inclusion and are committed to equal employment opportunity. For accommodations, contact [e-mail].

Our culture promotes belonging, acceptance, and inclusivity, reflecting the communities we serve. Join our Talent Community to be considered for future opportunities. We encourage all qualified candidates to apply, regardless of confidence or imposter syndrome concerns.