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:
Manager, Stress Testing is responsible for defining, coordinating, and executing the Bank’s stress testing programme, encompassing macroeconomics, credit risk, interest rate risk in the banking book (IRRBB), and ESG/climate risk stress testing. Working closely with Risk, Treasury, Finance, and Group stakeholders, the role ensures that the stress testing framework meets the expectations of the CSSF and ECB, and that stress outcomes are robustly integrated into capital and liquidity planning, risk appetite calibration, and recovery planning. The position requires strong quantitative and data analytics capabilities to design models, and develop scalable stress testing scenarios.Job Description:
Essential Responsibilities:
Identify issues and recommend best practices for risk management within the organization.
Lead functional projects and programs that enhance risk assessment and mitigation efforts.
Collaborate with teams to analyze business trends and their implications for risk management.
Contribute to process improvements that enhance the effectiveness of risk management strategies.
Provide guidance and support to team members in executing risk management initiatives.
Minimum Qualifications:
5+ years relevant experience and a Bachelor’s degree OR Any equivalent combination of education and experience.
Additional Responsibilities & Preferred Qualifications:
Deliverables and key activities
Define the specifications andmethodologyfor the stress testingprogramme, ensuring alignment with ECB and other applicable EU regulatory requirements,in particular forsystemically important institutions
Lead the coordination and definition of key stress testing assumptions (macroeconomic, idiosyncratic, and reverse stress scenarios) with internal stakeholders and expert teams across risk, finance, and business lines, ensuring implementation of business requirements into models
Support and challengethe execution of IRRBB stress testing, including interest rate sensitivity analyses (Delta EVE and Delta NII),
Support the enhancement andprovide second line oversight over Treasury’sbehaviouralassumptions for non-maturing deposits, prepayment models, and repricing profiles, ensuring integrationofstress results into capital and liquidity planning frameworks
Provide second line oversight over Treasury’s analytical models and risk quantification tools, including cash flow projection engines, investment portfolio analytics, and liquidity forecasting models, ensuring their outputs are fit for use in stress testing and regulatory reporting
Define data requirements for the stress testingprogramme, including extraction from source systems (SAP, regulatory reporting databases), transformation, reconciliation, and loading into stress testing engines, ensuring data integrity and auditability
Collaborate with the Model Risk Management function on model specification (macroeconomic linkage tomodeling components), coordinate development with quantitative teams, andperformoutputanalysis
Maintain up-to-date documentation and process control for the stress testingprogramme, including scenario narratives, assumption rationale, data sourcing,programmegovernance, and reporting outputsand modellimitations
Interpret, review, and document all stress test results, including the rationale for key assumptions and their impacts on capital, liquidity, and solvency positions
Present stress testingmethodologyand outcomes to senior management, risk committees, and regulatory bodies asrequired, articulating material risks and model limitations in a clear and concise manner
Monitor market and regulatory developments, proactively enhancing the stress testing framework to ensure best-in-class standards and ongoing regulatory compliance (ECB Guide on ICAAP/ILAAP, EBA Guidelines, CRR)
Assistwith the integration of stress testing outcomes into risk appetite, capital planning, recovery planning, and other strategic processes (e.g., ICAAP/ILAAP, SREP submissions)
Support ad hoc regulatory data requests, internal reviews, audits, and examinations related to stress testing frameworks and outcomes
Ideally, you would have
7+ years of experience in stress testing, quantitative risk management, or risk modelling within