Regulatory Reporting Specialist

Overview

Manage financial regulatory reporting obligations for PayPal licensed entities as part of the global Regulatory Governance and Reporting team.

What you'll do

• Collaborate internally to influence the quality and efficiency of entity management processes and programs.
• Determine appropriate actions outside of defined processes while considering alternative solutions.
• Oversee team performance and prioritize work to ensure effective project execution.
• Provide insights on best practices in corporate governance and legal compliance.
• Assist in maintaining accurate records and documentation for all legal entities and subsidiaries.
• Prepare accurate and timely regulatory reporting for PayPal licensed entities in compliance with financial regulation, including financial, prudential, statistical and credit reports.
• Prepare actual and forecast internal regulatory metrics, primarily related to Safeguarding, Liquidity and Capital of licensed entities.
• Complete reconciliations of output against financial accounts, ensuring any differences are remediated.
• Collaborate effectively with key stakeholders including Regulatory Reporting Leadership, Finance Controllership, Finance Systems Leads, Data Technology, Treasury, Product, Compliance, Risk and Credit teams.
• Support integration of regulatory reporting changes originating from new regulation and new products.
• Manage the end-to-end data process to complete timely report production utilizing dedicated regulatory reporting applications and automation, including AI.
• Ensure data integrity and controls with reconciliations to source systems and against financial accounts.
• Resolve any exceptions through process improvements and hold data providers accountable for data quality.
• Create efficiencies in processes, in particular focusing on risk reduction through prioritizing automation and maximizing the use of AI technologies.
• Prepare and review detailed standard operating procedures and checklists focusing heavily on prescribed internal controls throughout.
• Prepare and present periodic updates to Finance Leadership.
• Challenge, resolve and communicate any issues to internal stakeholders, whilst adhering to the Enterprise Issue Management Policy.
• Work with internal and external auditors, ensuring all requests and any issues are addressed timely and accurately.
• Assist the Global Regulatory Reporting and Governance team when required.
• Support regulatory reporting activities across regions as business needs evolve.

What you'll need

• 3+ years relevant experience and a Bachelor's degree, OR any equivalent combination of education and experience.
• 5+ years' experience in a financial institution and regulated business including payments/fintech/banking.
• High level of expertise in sourcing, interrogating and manipulating data in various forms/code from multiple systems/platforms.
• Technical knowledge dealing with multiple data systems and regulatory reporting applications, including experience with SAP and Regnology RRH or equivalent.
• Keen analytical and problem-solving experience with a strong focus on quality assurance of output.
• Experience in and ability to interpret EBA banking, payments and credit regulations relevant to UK, EU and globally (mandatory).
• Knowledge of local and international accounting standards.
• Strong interpersonal skills with excellent written and oral communication, with fluency in English (mandatory).
• Attention to detail and the ability to prioritize and deliver in a fast-paced and dynamic environment with a high degree of personal accountability, integrity and trust.
• Demonstrated ability to work effectively within cross-functional and remote teams.
• Actively contributes to a balanced and positive work environment.
• Ability to share information, transfer knowledge and expertise to team members.
• Strong process improvement skills.
• Ability to escalate issues and seek guidance as required.

Details

• Location: Bangalore, Karnataka, India.
• Work mode: hybrid, with 3 days in the office and 2 days at the PayPal office or home workspace.
• Subsidiary: PayPal. Travel: 0%.