Director, Open Banking Strategy - San Jose - PayPal

Description

Director, Open Banking Strategy

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

We are seeking a Director of Open Banking Strategy to lead our global enterprise strategy for open banking and open finance. This leader will drive our strategy for both inbound and outbound open finance data, working with a diverse range of stakeholders across the company as well as with product, engineering, partnerships, and legal teams on executing that strategy.

Essential Responsibilities

• Establish a shared vision across the company for one or more products, or a platform product enabling development & scalability, with a deliberate and cohesive strategy.
• Lead product strategy development, and develop a clear, executable view of the product strategy with cross‑functional stakeholders.
• Influence the architectural roadmap and balance innovative design and technical implementation while balancing regulatory requirements, time‑to‑market, meeting customer needs and product profitability.
• Champion the customer experience and prioritize customer needs in product requirements and decision making.
• Define and use metrics that inform the success of products including usability studies, research and market analysis.
• Standardize workstreams to include analytics, customer discovery, market research and competitive analysis to drive data‑driven decision‑making.
• Be responsible for product profitability, including budgetary decisions.
• Lead operational mechanisms that drive execution and accountability including Product Reviews, Operating Reviews, and Business Reviews, and interface with senior leadership as needed.
• Maximize efficiency in a constantly evolving environment where the process is fluid and creative solutions are the standard.

Expected Qualifications

• 10+ years relevant experience and a Bachelor's degree OR any equivalent combination of education and experience.
• 2 years of experience leading others.

Additional Responsibilities and Preferred Qualifications

Strategy

• Define a destination state vision for open banking/open finance at PayPal.
• Lead prioritization and roadmap development for open banking/open finance across PayPal spanning all enterprise use cases.
• Drive commercial strategy and negotiations with third‑party providers for open banking.
• Drive innovation in how open banking data is used across a wide range of domains.

Leadership & Stakeholder Management

• Collaborate with Product, Engineering, Partnerships, Legal, and other teams to execute on our open banking strategy and roadmap.
• Collaborate with open finance use case owners across Risk, Credit, Marketing, Payments, and more.

Skills Required

• Strategic thinker with strong business acumen able to define strategy, prioritization, and roadmaps.
• Experience working with open banking / open finance data to drive meaningful value across a range of use cases.
• Experience working in a highly matrixed environment and successfully collaborating with multiple partner teams to deliver meaningful impact.
• Trusted relationship builder with internal stakeholders and external partners.
• Understanding of relevant regulatory environments (e.g., FCRA, ECOA, GLBA, GDPR), especially as they apply to data sourcing and usage.

Compensation

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

The U.S. national annual pay range for this role is $188,000 to $323,950.

PayPal Benefits

At PayPal, we're committed to building an equitable and inclusive global economy. 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. For more information, visit

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

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.

Apply

If you are interested in this position, please submit your application through PayPal's careers portal. For 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.