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Japan Money Laundering Reporting Officer

PayPal

PayPal is the faster, safer way to send money, make an online payment, receive money, or set up a merchant account—both on and offline.

Who we are

 

At PayPal (NASDAQ: PYPL), we believe that every person has the right to participate fully in the global economy. Our mission is to democratize financial services to ensure that everyone, regardless of background or economic standing, has access to affordable, convenient, and secure products and services to take control of their financial lives. We’re a purpose-driven company, and our beliefs are the foundation of how we conduct business every day. We’re guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Collectively, these values inspire us to work together as One Team with our customers at the center of everything we do, and to take care of ourselves, each other, and the communities in which we live and work. We challenge the status quo, ask questions, and find solutions. Join us as we enable the hopes, dreams, and ambitions of millions of people around the world.

 

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Job Description Summary:

JP MLRO supports Japan Head of Risk and Compliance (“RCO”) and APAC Anti-Money Laundering and Counter-Terrorism Fnancing (“AML/CFT”) Director and will leverage on the PayPal Global Financial Crime (“GFC”) Program Teams to support execution of the daily activities in relation to AML/CFT activities for PayPal Pte. Ltd. (“3PL”) Tokyo Branch.

Job Description:

  • Take overall charge of all AML/CTF matters within 3PL Tokyo Branch, including ensuring a timely and appropriate reaction to any matter in which ML/TF Risk is suspected and overseeing the reporting of suspicious transactions
  • Ensure that, as part of the Global ML/TF and Sanctions Risk Assessment, the 3PL Tokyo Branch ML/TF and Sanctions Risk Assessment is reviewed and updated regularly, and that appropriate systems, procedures and controls to manage ML/TF Risks are developed
  • Ensure that ongoing monitoring of business relations, sample review of accounts and testing of the performance of the various systems, procedures, processes and controls is undertaken
  • Advise and train employees (including senior management) on developing and implementing internal policies, procedures and controls on AML/CTF
  • Engage and oversee the global group affiliates that provide AML program support on 3PL Tokyo Branch’s behalf
  • Ensure AML obligations are understood and complied with within emerging Japan growth initiatives and new products.
  • Partner with GFC, Global Legal Inventory and Legal to stay abreast of changes in AML laws and regulations and recommend appropriate changes to ensure that operations adapt to comply with these changes.
  • Support first line in prioritization of risk mitigation.
  • Support management and operations with problem solving on AML regulatory matters with Escalate timely and actionable information to key stakeholders.
  • Report to and support for Japan Head of RCO for general compliance and regulatory matters with respect to 3PL Tokyo Branch respective licenses of the funds transfer business operator and prepaid instruments issuer

Qualifications

 

  • Good knowledge of global financial institutions, payment service business, and/or banking compliance, including significant knowledge of AML/ CFT, and due diligence practices.
  • At least 7+ years of experience in a large organization including demonstrated leadership in building AML Programs.
  • Extensive experience with regulators and the regulatory exam process, ideally with those Japanese regulators
  • Ability to navigate across multiple geographies, including global shared services functions that reside outside Japan with a strong command of both Japanese and English languages
  • Demonstrated ability to build and maintain relationships with key stakeholders, including strengths in influencing, conflict management, and negotiation.
  • Ability to communicate complex matters in a simple and clear manner.
  • Ability to take ownership of outcomes and the ability to work with business unit teams to confront issues and drive performance.
  • Skilled at identifying and recommending cost effective solutions and organizing resource allocation.
  • Extensive experience in partnering with and counseling senior business clients, particularly in the context of a rapidly changing environment.
  • Strong problem solving and operational process skills and attention to detail.
  • Excellent ability to analyze regulatory risks in complex business processes, and recommend controls to mitigate those risks.
  • Excellent presentation and project management skills with the ability to successfully work multiple issues at one time.
  • High energy and creativity, an entrepreneurial spirit and the desire to work in a growing and changing environment.
  • Ability to work within a matrixed environment, and cross functionally with operations and technology functions.
  • Ability to operate with strong integrity with the ability to handle projects of a sensitive and confidential nature

Behaviours:

  • Partnership – organisational awareness, engages widely with peers and seniors across PayPal
  • Innovate – leads effectively in a dynamic, fast-changing environment; challenges convention.
  • Deliver Stand out Results – develops decisive strategies that deliver tangible results.
  • Execution – focuses the business area on strategic priorities; operates clear, simple systems.
  • Enable and Grow Talent – builds capability and a succession pipeline.
  • Leadership – contributes to the business leadership agenda; sets business area vision.

Subsidiary:

PayPal

Travel Percent:

0

Primary Location:

Tokyo, Tokyo, Japan

Additional Locations:

For more than 20 years, PayPal has remained at the forefront of the digital payment revolution. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, our open digital payments platform gives PayPal’s 400 million active account holders the confidence to connect and transact in new and powerful ways. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying, or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

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 paypalglobaltalentacquisition@paypal.com.

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Japan Money Laundering Reporting Officer

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PayPal

PayPal is the faster, safer way to send money, make an online payment, receive money, or set up a merchant account—both on and offline.

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