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 Description Summary:

As the Lead Product Manager for our Collateral Tool, you will be responsible for creating the product vision, strategy, and objectives and driving the execution of PayPal selling and securitizing its loans to strategic investors. You will work closely with our design, engineering, program management, data, capital markets, finance, and legal teams, among other teams, to create a product roadmap and build the features and capabilities our investors (hedge funds, asset managers, pensions, endowments, financial institutions, etc.) require to purchase loans directly from PayPal. You will take ownership and responsibility scaling our loan sales – you will enable investors to purchase buy now pay later (BNPL) loans, merchant loans, and revolving credit accounts in all markets where we lend. You will also be responsible for the definition of capabilities that enable loan and borrower targeting criteria for investors (e.g. loan type, market, loan duration, credit score minimum, annual sales, etc.), for developing a flexible forward flow and spot transfer process to transfer loans to investors in exchange for their funds, and for building reporting that show what loan inventory has been purchased and what remains available for sale. Your work is critical to PayPal monetizing its loans effectively, keeping the company’s balance sheet asset light and giving us the flexibility we need to invest in our business.

Job Description:

In your day to day, you will: 

Meet with prospective and existing customers (investors) to understand their requirements as well as needs when buying loans from PayPal 

Engage with back-up servicers, trustees, data agents and other third-parties in facilitation of sale execution and ongoing platform agreements 

Partner with our capital markets team to evaluate and prioritize new opportunities, manage request intake and feature scoping 

Collaborate with other product managers, engineering, design, program management, data, capital markets, finance, legal and other cross-functional stakeholders to build out and execute a product roadmap.   

Create product requirements for our collateral tool product, which we use to sell and securitize loans (asset externalization) 

Participate in agile ceremonies to drive the execution and launch of new features and capabilities.    

Leverage A/B Testing, analytics, market research, usability studies, and competitive analysis to drive decision making and iteration 

 

Required Qualifications 

Bachelor’s degree in business administration, finance, economics, computer science, engineering or a related field 

8+ years of product management experience 

Demonstrated success creating and setting long-term product vision, strategy and objectives 

Proven track record of leading cross-functional groups and delivering results in fast paced, high-growth, and matrixed environments.    

Demonstrated success  hyper-scaling new products and new capabilities of existing products 

Ability to grasp complex business/technical concepts, user scenarios, and business drivers, address ambiguity and make informed decisions 

Exceptional written, verbal, and listening communication skills and proficient communicating across a range of stakeholders (product, engineering, design, data, capital markets, finance, legal, commercial leaders, senior executives, etc.) 

Strong data and analytical background  

Deep empathy and appreciation for customer needs  

A team player who puts people first and wants to win as a team 

 

Preferred Qualifications 

Advanced or master’s degree, esp. in finance 

Prior experience working with third party financial institutions/investor management 

Prior experience working with capital markets and finance teams  

Prior experience executing whole loan sales and securitizations 

Prior product management experience at a FinTech company, online lender or marketplace 

Self-starter that works independently and learns quickly 

Experience multitasking and managing multiple releases concurrently 

Experience designing simple and intuitive user interfaces and processes 

Additional Job Description:

PayPal 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 https://www.paypalbenefits.com.

 

The U.S. national annual pay range for this role is $107,300 to $259,600

Subsidiary:

PayPal

Travel Percent:

0

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 https://www.paypalbenefits.com.

Who We Are:

Click Here to learn more about our culture and community.

Commitment to Diversity and Inclusion 

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 talentaccommodations@paypal.com.

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 Join our Talent Community.

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 here to view the notice.