Senior Legal Counsel, Merchant Details

Senior Legal Counsel, Merchant

PayPal - New York, NY

Employment Type : Full-Time

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.

Job Description Summary: PayPal is seeking a high caliber and energetic attorney with experience in financial services and payments regulation, card network/NACHA rules and technology to join our Global Product Legal team supporting the Merchant Business Unit. The Senior Legal Counsel, Merchant will: - Be a subject matter expert in the area of Merchant Services, including applicable payment card network and NACHA rules. - Help develop a unified framework to help PayPal successfully navigate card network and NACHA rules requirements along with financial services regulations. - Provide proactive, timely and business-focused legal advice on card network and NACHA rules, payments law and banking regulation. - Advise on the design and modification of Merchant products, the structuring of partner and merchant deals, proactively identify associated risks and recommend mitigation strategies, and review product user experiences to ensure legal compliance with applicable laws and card network/NACHA rules. - Participate in strategic projects and initiatives as needed arising out of PayPal's Merchant Business Unit.

Job Description:

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 429 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Hyperwallet, Zettle, Venmo and Xoom, enables consumers and merchants to send and receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

PayPal is one of the leading global payments companies in the world. Initially conceived and designed for web payments, PayPal’s mobile and point of sale solutions have altered the payments landscape by blurring the lines between ecommerce and traditional brick and mortar commerce. PayPal’s innovative technology and approach to payments, coupled with an increasingly complex and demanding global legal and regulatory environment, provide robust career opportunities for attorneys motivated and driven by creative clients and a fast paced, cutting edge culture.

PayPal is seeking a high caliber and energetic attorney with experience in financial services and payments regulation, card network/NACHA rules and technology to join our Global Product Legal team supporting the Merchant Business Unit. The Senior Legal Counsel, Merchant will:

• Be a subject matter expert in the area of Merchant Services, including applicable payment card network and NACHA rules.
• Help develop a unified framework to help PayPal successfully navigate card network and NACHA rules requirements along with financial services regulations.
• Provide proactive, timely and business-focused legal advice on card network and NACHA rules, payments law and banking regulation.
• Advise on the design and modification of Merchant products, the structuring of partner and merchant deals, proactively identify associated risks and recommend mitigation strategies, and review product user experiences to ensure legal compliance with applicable laws and card network/NACHA rules.
• Participate in strategic projects and initiatives as needed arising out of PayPal's Merchant Business Unit.

The successful candidate will have the following specific qualifications and experience:

• J.D. or equivalent required.
• 6 or more years of experience practicing either in-house (or in an equivalent setting) or at a reputable law firm, with at least 2 years of those years focused on payments law, the FinTech space, or financial services and banking regulatory analysis.
• Ability to advise on payment card network and NACHA rules, federal and state money transmission and banking regulations; data privacy laws as they relate to financial institutions; consumer protection laws; and other guidance coming out of federal and state agencies such as the CFPB and the FTC.
• Familiarity with, and strong interest in, PayPal, Braintree, Zettle, mobile and alternative payments, emerging payments technology, and the payments industry.
• Ability to thrive in a fast-paced environment and to tolerate change and ambiguity.
• Confident self-starter with strong interpersonal and organizational skills and a demonstrated ability to effectively and proactively provide sound legal advice, exercise good business judgment, and work well with other attorneys, management, and cross functional stakeholders.
• Ability and drive to take ownership of projects and tasks.
• Comfortable with gray areas and interpreting and applying the law in unsettled contexts.
• Creative thinker with strong problem-solving skills.
• Exceptional oral and written communication skills.
• Ability to handle multiple assignments simultaneously, with effective resolution of conflicting priorities.
• Admitted to, and in good standing with, a state bar.

New York City Only : The pay range for this position is as mentioned below per year, plus annual bonus. We take into consideration an individual’s background and experience in determining final salary. All PayPal employees are shareholders in our Company, so equity is part of our total compensation plan. This role is also eligible for health insurance, stock purchase plans, retirement savings benefits, stock awards, life insurance and disability benefits, and paid time off for sick leave, parental leave, vacation and PTO. To learn more visit paypalbenefits.com. This information is provided per the New York City Human Rights Law. Base pay information is based on market location.New York City Salary in USD: $166940 - $206220

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:

To learn more about our culture and community visit https://about.pypl.com/who-we-are/default.aspx

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.