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:

The Director position “Head of Internal Audit – UK” will be based in London and report to the UK Audit Committee and organizationally to the Head of Internal Audit, EMEA. The position will be responsible for leading the PayPal UK Internal Audit function.

Job Description:

The Director position “Head of Internal Audit – UK” will be based in London and report to the UK Audit Committee and organizationally to the Head of Internal Audit, EMEA. The position will be responsible for leading the PayPal UK Internal Audit function.

Job Description Summary:

Manage the PayPal UK Internal Audit function in line with the PayPal governance policies and UK relevant regulatory obligations. Collaborate with the UK Executive Management and the Board members.Manage the execution of the UK internal audit plan. Manage audit assignments, facilitate issue and report discussions with relevant stakeholders, and oversee the tracking and validation of closure of issues.Ensure that audits evaluate the adequacy and effectiveness of internal controls relating to all relevant risks in accordance with our audit methodology and the established risk assessment framework.Lead the UK Internal Audit risk assessment activities and the development and maintenance of the UK Internal Audit plan.Represent the Internal Audit function with the PayPal UK Audit Committee and the PayPal UK Senior Leaders. Present the audit plan, its status and findings to the relevant UK legal entity governance bodies.Represent the PayPal UK Internal Audit function with UK regulators.Keep current on PayPal’s business activities and acting as business partner to the UK First and Second Line of Defense teams.Pro-actively develop and maintain professional working relationships with colleagues, the business and respective support areas and work in an integrated manner with fellow team members both locally and globally.Keep current on regulatory requirements, business/industry changes and their effect on the business, audit plan/approach and risk assessments.Provide coaching and mentorship to direct reports and lead their performance management in line with PayPal’s policies, practices and procedures.

EXPERIENCE REQUIRED:

The ideal candidate should have at least of 12-15 years of Internal Audit, or Risk Management/Compliance experience within a financial service company regulated by the UK Financial Conduct Authority, with proven experience of leading the Internal audit function, working with UK regulatory bodies and knowledge of UK financial regulatory mandates.

SKILLS REQUIRED:

The successful candidate should possess:

A team player with excellent leadership, people management and project management skills and the ability to successfully oversee multiple projects at one time.

Excellent stakeholders’ management, communication and influencing skills to build internal networks within the team and wider firm, and the ability to clearly articulate business risks and controls at the senior management and executive level.

Proactive approach in managing audit and special projects and seeking ways to add value.

Ability to see the big picture and analyze risks and make recommends for improvements to mitigate those risks.

Design audit test programs and hands on ability to execute and oversee audits including ability to evaluate the adequacy of system and manual controls.   

Excellent experience in evaluating controls in a UK regulated financial organization.

A working knowledge of UK relevant regulations, including UK financial services’ governance and consumer protection.

Experience with UK regulators and the regulatory exam process.

A passion for understanding the unique PayPal community, along with a passion for understanding the online payments business.

Ability to travel up to 10% of time.

Key Responsibilities:

Manage the internal audit function for the UK Market in collaboration with the PayPal UK management and Board.

Lead the execution of a range of internal audit projects from the planning and execution through to reporting                                         

Develop and maintain constructive working relationships with stakeholders at all levels, from Management through to Executives, Audit Committees, and Boards.

HIGHLY DESIRED:

Certified Internal Auditor or equivalent certification(s).

Financial Services Experience (internal audit or Big 4).   

Experience using audit data repository, work paper documentation, and risk assessment tools (e.g., AuditBoard).     

Additional Job Description:

Subsidiary:

PayPal

Travel Percent:

0

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.