BSA Officer

PayPal • San Jose, CA

1d • $152,500 - $262,350 • Hybrid

About The Position

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 Summary: The Bank Secrecy Act (BSA) Officer will serve as PayPal Bank’s (PPB) program owner and accountable executive for establishing, implementing, and sustaining the bank’s AML/CFT/OFAC compliance framework suitable for a de novo FDIC-insured ILC. This role will build the program from the ground up to support charter-readiness, ensure effective identification and mitigation of financial crime risks (including AML/CFT, USA PATRIOT Act, OFAC, and CIP/CDD), and deliver strong governance and reporting to PPB senior management and the Board. The Officer will also lead day-to-day program execution and ensure the Bank is continuously exam-ready through robust monitoring, high-quality regulatory reporting, and strong issue remediation. In this role, the BSA Officer will report to the ILC’s Chief Risk Officer (“CRO”).

Requirements

• 10+ years relevant experience and a Bachelor’s degree OR Any equivalent combination of education and experience.

Responsibilities

• Establish overall business and technical strategies for entity management that significantly impact PayPal operations.
• Advise on complex legal and regulatory compliance issues related to corporate structures.
• Influence executive-level decision-making through strategic insights and recommendations.
• Ensure the efficient operation of the organization’s diverse entities by maintaining compliance with laws and regulations.
• Lead initiatives that promote effective governance and risk management across the organization.
• Own and administer the Bank’s AML/CFT/OFAC compliance program, including program design, customer risk profiles, implementation, and ongoing maintenance.
• Lead enterprise AML/CFT/OFAC risk assessment activities and drive risk-based controls to mitigate identified risks.
• Oversee financial crime monitoring and investigations governance, including alert management standards, case documentation, and escalation of emerging issues to senior management.
• Ensure timely, accurate regulatory reporting and program operations (e.g., SAR/CTR governance, exemptions, and supporting documentation standards).
• Establish and maintain a comprehensive training program for employees and Board members on AML/CFT/OFAC obligations
• Manage issue identification, tracking, and remediation tied to internal QA, independent testing/audit, and regulatory exams, with clear reporting to governance forums.
• Ensure effective oversight of any outsourced/affiliate-provided AML operations and technology, including performance metrics, quality controls, and SLA adherence (where applicable).

Benefits

• This role is also eligible for a range of benefits which may include, medical, dental, vision, life and disability insurance, parental and family leave, 401(k) savings plan, paid time off, and other 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level