Job Description

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. Summary: This role is based in Singapore providing regulatory legal support primarily to the markets in Asia, with a focus on Southeast Asia. : This position is responsible for:

• Providing legal and regulatory advice associated with online payments, interbank money transfers and settlements, credit & debit card fund settlements, foreign exchange, money remittance, e-money/stored value, digital wallets, payment gateways, holding and reuse of balances, merchant acquiring, bank withdrawals and ACH & payments processing;
• Providing legal and compliance advice associated with payments licensing, payments regulations, anti-money laundering, counter terrorist financing, outsourcing, data protection, privacy, consumer protection, and information security;
• Dealing and negotiating with financial services regulators in SEA including the Monetary Authority of Singapore, Bank Negara Malaysia and Bank of Thailand;
• Engaging in regulatory advocacy, drafting and advising on correspondence, submissions and communications with regulators;
• Advising on legal and regulatory issues associated with sales, marketing, communications, market entry, product and services development;
• Advising on regulatory matters relating to commercial contracts, mergers and acquisitions, joint ventures, employment law;
• Monitoring ongoing legislation and regulatory changes. Advising on market entry into local markets which include setting up local sales and marketing legal entities and managing license applications;
• Advising on regulatory issues with respect to Financial Intelligence Units or law enforcement agencies for suspicious transaction reporting;
• Working closely with the Commercial Legal, Compliance and Government Relations Teams;
• Advising on onsite inspections, investigations and queries by financial services regulators, law enforcement agencies and government agencies.

Job Requirements:

• Candidates should have a minimum of 8 years post qualification experience and be from an established in-house legal team or established private practice law firm with international legal and regulatory experience
• Preference for candidates with solid experience and expertise in regional laws and regulations relating to payments both offline and online, fund settlement, credit card acquiring, credit card services and settlements, e-money, money remittances, fund settlements, foreign exchange and e-commerce, AML and CFT regulations.
• We would consider candidates with solid and broad legal and regulatory experience and expertise in financial services including consumer and retail banking, securities brokerage, Wealth Management, consumer credit and finance.
• Broad and solid experience in dealing with regulators in the region with substantial experience and expertise in regulatory advocacy (both written and oral)
• Board experience in advising senior regional and local business management teams.
• Good law degree and admission to practise law in Singapore is required

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.
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 400 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com. 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. As part of PayPal’s commitment to employees’ health and safety, we have established in-office Covid-19 protocols and requirements, based on expert guidance. Depending on location, this might include a Covid-19 vaccination requirement for any employee whose role requires them to work onsite. Employees may request reasonable accommodation based on a medical condition or religious belief that prevents them from being vaccinated.