Director, Bank Chief Compliance Officer

Position: Director, PayPal Bank Chief Compliance Officer
Essential Responsibilities

• Establish overall business or technical strategy for risk management with significant impact on operations.

• Influence executive-level decision-making through strategic risk assessments and recommendations.

• Partner with stakeholders to implement strategies that reduce or transfer identified risks.

• Monitor and analyze risk exposure to ensure alignment with organizational objectives.

• Lead initiatives that contribute to long‑term sustainability and resilience in the face of uncertainty.

Expected Qualifications

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

Role Summary

Pay Pal is establishing a de novo industrial bank charter (ILC) and is seeking an experienced Chief Compliance Officer (“CCO”) to design, stand up, and lead the bank’s Compliance Management System (CMS). The CCO will be the primary compliance executive for the ILC, with independent access to the Board (or Board Risk & Compliance Committee) and day‑to‑day partnership with the CRO and senior leadership.

The CCO will be responsible for developing and administering the Bank’s second line compliance management program to ensure adherence to applicable federal and state banking laws, regulations, and regulatory expectations. The CCO will report to the ILC’s Chief Risk Officer (“CRO”) and will have a direct line of communication to the Board’s Risk & Compliance Committee.

Key Responsibilities

• Develop, implement, and maintain the Bank’s Compliance Management System (“CMS”), ensuring alignment with regulatory guidance and Board-approved risk appetite and policies.

• Oversee and maintain compliance policies and procedures designed to ensure that the Bank’s activities are conducted in accordance with applicable consumer protection, privacy, and regulatory laws and regulations.

• Monitor changes in laws and regulations affecting the Bank and communicate the impact of such changes to management and the Board, recommending appropriate policy or procedural updates.

• Oversee compliance testing and monitoring programs to identify control gaps or process weaknesses and track remediation activities through completion.

• Serve as the primary liaison with regulatory agencies for compliance‑related inquiries and examinations.

• Collaborate with business lines and the first line of defense to ensure compliance risk is identified, assessed, and mitigated within acceptable tolerance levels.

• Provide compliance training programs to ensure management and employees understand their responsibilities under applicable laws and regulations.

• Work closely with the Bank’s CRA Officer to ensure that the Bank meets its community reinvestment obligations consistent with Board policy and applicable regulations.

• Partner with the CRO to ensure enterprise‑wide risk management processes appropriately incorporate compliance risk.

• Report regularly to the CRO, senior management, and the Board’s Risk & Compliance Committee on the status of the Bank’s compliance posture, including significant findings, corrective actions, and emerging risks.

• Effectively communicate and address regulatory inquiry or examination activities.

• Establish and maintain effective communication and coordination with management and staff across all lines of business.

• Participate in and capably make presentations and address questions at various management and Board‑level committee meetings.

De Novo Charter Formation & ILC Buildout

• Lead the compliance workstream for the ILC de novo application, including program narratives, policies, risk assessments, governance charters, training plans, monitoring / testing strategies, and compliance components of the three‑year business plan.

• Translate conditions of approval from state and FDIC orders into actionable controls, milestones, and Board reporting.

• Establish the bank’s second line CMS across governance, regulatory change, policies / procedures, training, monitoring & testing, complaint management, issues management, and independent audit coordination.

• Embed compliance in product, servicing, marketing, operations, technology, and vendor onboarding before…