Sr. Director, Head of Cash Management

Company: PayPal
Location: San Jose
Posted on: April 8, 2025

Job Description:

The CompanyPayPal 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 Description Summary:What you need to know about the role:

• This role will be responsible for managing PayPal's cash flow related to corporate activities, overseeing PayPal's bank account infrastructure including bank account opening, closing, KYC activities, and managing daily settlements of intercompany and external transactions in the wire room.
• You will report to the Treasurer directly as part of the Treasury leadership team, and manage an existing team of -15 employees across the US and India.
• This role requires a proven track record of enhancing productivity and efficiency using the latest Treasury technologies and techniques, with a strong emphasis on operational excellence within a structured governance and control framework.
• You will lead the ongoing transformation of the Cash Management function by improving existing processes with cutting-edge technology and driving long-term strategic initiatives, such as the In-House Bank initiative.Meet our team:
  • PayPal's Cash Management team manages PayPal's corporate cash to provide sufficient liquidity at group and subsidiary levels, maintains critical banking infrastructure, and provides daily internal and external funds settlements through the wire room.
  • You will work closely with the Product settlement, FX Risk Management, Investments, and other Treasury teams to ensure operational excellence in cash management related activities.
  • You will also closely collaborate with Controllership, Payroll, AP, Tax, and Legal teams.Job Description:Your way to impact
    • You will be expected to develop and articulate a clear strategy for the team that will enable PayPal's liquidity management and capital allocation. As an expert in your area, you will identify and develop Treasury initiatives that are in line with the company's goals and lead your function to deliver against these goals.
    • You will implement, improve, and maintain efficient cash management systems using your knowledge and expertise of the latest Treasury technologies and techniques.
    • You will incorporate data and analytics in cash positioning and forecasting processes.
    • You will ensure operational excellence in all Cash Management activities.
    • You will work cross-functionally with the Finance, Product, IT, and Internal Audit teams to ensure an effective control environment for PayPal's cash management activities.
    • You will be a key contributor to PayPal's cash management transformation, specifically in setting up the In-House Bank infrastructure.In your day-to-day role you will oversee the team that is responsible for:
      • Supporting funding of all corporate payment activity, including interco and external settlements, through positioning liquidity across entities globally.
      • Daily/Weekly forecasting ensuring operational liquidity and regulatory compliance.
      • Managing bank relationships for corporate banking partners related to cash management operations.
      • Supporting strategic projects; new entity openings, M&A post-integration, credit products, major transactions (e.g. assets, sales, interco, dividends), systems enhancements, and process improvements.
      • Working cross-functionally to evaluate the operating effectiveness of internal controls and maintaining a strong control environment.
      • Maintaining PayPal's bank account infrastructure and all related activities (open/close/novate bank accounts, KYC etc).
      • Overseeing wire room activities for timely settlement of interco and external wires.
      • Identifying and improving key cash management processes using technology and analytics.
      • Working with Technology teams to implement system upgrades and enhancements resulting in productivity.
      • Designing "future treasury" at PayPal, driving In-House Bank strategy.What do you need to bring
        • Minimum 15 years of Treasury cash management experience in a multinational large company setting.
        • Proven track record of driving transformation activities resulting in measurable productivity gains; strong project management skills.
        • Previous experience leading high performing teams.
        • Previous experience driving results in a global organization.
        • Having previously implemented In-House Bank solutions is a plus.
        • Flexibility to manage multiple high priority projects and re-prioritize critical issues, as necessary.
        • BS/BA in Business, Accounting, or similar.Additional Job Description:Subsidiary: PayPalTravel Percent: 0PayPal is committed to fair and equitable compensation practices.Actual compensation is based on various factors including but not limited to work location, and relevant skills and experience.The total compensation for this practice may include an annual performance bonus (or other incentive compensation, as applicable), equity, and medical, dental, vision, and other benefits. For more information, visit .The U.S. national annual pay range for this role is $143400 to $285450.For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.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 .Who We Are: to learn more about our culture and community.Commitment to Diversity and InclusionPayPal 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 .Belonging at PayPal:Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.Any general requests for consideration of your skills, please .We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don't hesitate to apply.Notice to Applicants and Employees who reside within New York City. Click to view the notice.
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