PayPal
VP, Legal – Financial Services & Credit
PayPal, San Jose, California, United States, 95199
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.
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.
Job Description Summary:
The customer is at the center of everything we do at PayPal. As a leader in financial technologies, PayPal teams are cross-functional and inspired by the goal of improving the financial wellbeing of people and businesses around the world. Reporting to the SVP & General Counsel, the VP, Legal Counsel- Financial Services (FS) and Credit will be responsible for leading the FS and Credit Teams, including Credit, Consumer Financial Services (CFS). The ideal candidate is a proven executive leader who has deep expertise in legal issues covering consumer and business credit and lending, buy now pay later products, financial services, and consumer protection.
Job Description:
Key Responsibilities
Lead a team of experienced product and regulatory lawyers supporting PayPal’s financial service and credit products.
Serve as a trusted advisor to our product leaders on a wide range of legal and regulatory matters related to the development, enhancement, and launch of product initiatives.
Advise on related legal issues including those arising under federal laws and regulations such as: EFTA/Reg. E, TILA/Reg. Z, FCRA/Reg. V, FACTA, GLBA/Reg. P, UDAAP, FDCPA, ECOA/Reg. B, SCRA, TCPA, CAN-SPAM, and other laws affecting payments, consumer protection, credit and lending products.
Provide timely and business-focused legal advice on product design and strategy and proactively identify associated risks and recommend mitigation strategies.
Regular review of product experiences and associated content to ensure compliance with applicable laws.
Collaborate with other legal and compliance teams, and other cross-functional groups to support product initiatives globally.
Develop a strong rapport and working relationship with business counterparts across the enterprise to help drive business growth through the delivery of effective legal services.
Hire, develop and manage talent for the credit and financial services team.
Manage the legal budget associated with supporting this vertical and select and manage outside counsel, where necessary.
Qualifications and Experience
Licensed or eligible to practice law in the United States.
MBA or LLM is a plus.
15+ years of relevant experience, preferably in an executive leadership role and a law degree from an ABA accredited school.
Experience advising on legal and regulatory matters related to product development and launch preferably in FinTech, banking, or financial services.
Exceptional communication skills, including the ability to explain complex legal and regulatory concepts to non-legal stakeholders.
Self-starter who is able to balance multiple competing priorities, operate at pace and with a high degree of ambiguity.
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.
Our Benefits:
At PayPal, we’re committed to building an equitable and inclusive global economy. We offer benefits to help you thrive in every stage of life.
We have great benefits including a flexible work environment, employee shares options, health and life insurance and more.
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.
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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.
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.
Job Description Summary:
The customer is at the center of everything we do at PayPal. As a leader in financial technologies, PayPal teams are cross-functional and inspired by the goal of improving the financial wellbeing of people and businesses around the world. Reporting to the SVP & General Counsel, the VP, Legal Counsel- Financial Services (FS) and Credit will be responsible for leading the FS and Credit Teams, including Credit, Consumer Financial Services (CFS). The ideal candidate is a proven executive leader who has deep expertise in legal issues covering consumer and business credit and lending, buy now pay later products, financial services, and consumer protection.
Job Description:
Key Responsibilities
Lead a team of experienced product and regulatory lawyers supporting PayPal’s financial service and credit products.
Serve as a trusted advisor to our product leaders on a wide range of legal and regulatory matters related to the development, enhancement, and launch of product initiatives.
Advise on related legal issues including those arising under federal laws and regulations such as: EFTA/Reg. E, TILA/Reg. Z, FCRA/Reg. V, FACTA, GLBA/Reg. P, UDAAP, FDCPA, ECOA/Reg. B, SCRA, TCPA, CAN-SPAM, and other laws affecting payments, consumer protection, credit and lending products.
Provide timely and business-focused legal advice on product design and strategy and proactively identify associated risks and recommend mitigation strategies.
Regular review of product experiences and associated content to ensure compliance with applicable laws.
Collaborate with other legal and compliance teams, and other cross-functional groups to support product initiatives globally.
Develop a strong rapport and working relationship with business counterparts across the enterprise to help drive business growth through the delivery of effective legal services.
Hire, develop and manage talent for the credit and financial services team.
Manage the legal budget associated with supporting this vertical and select and manage outside counsel, where necessary.
Qualifications and Experience
Licensed or eligible to practice law in the United States.
MBA or LLM is a plus.
15+ years of relevant experience, preferably in an executive leadership role and a law degree from an ABA accredited school.
Experience advising on legal and regulatory matters related to product development and launch preferably in FinTech, banking, or financial services.
Exceptional communication skills, including the ability to explain complex legal and regulatory concepts to non-legal stakeholders.
Self-starter who is able to balance multiple competing priorities, operate at pace and with a high degree of ambiguity.
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.
Our Benefits:
At PayPal, we’re committed to building an equitable and inclusive global economy. We offer benefits to help you thrive in every stage of life.
We have great benefits including a flexible work environment, employee shares options, health and life insurance and more.
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.
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