Manager, Stress Testing

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    "timeType": "Full time",
    "startDate": "2026-04-21",
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    "jobDescription": "<p style=\"text-align:left\"><b>The Company</b></p><p style=\"text-align:inherit\"></p><p style=\"text-align:left\">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. </p><p style=\"text-align:inherit\"></p><p style=\"text-align:left\">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.</p><p style=\"text-align:inherit\"></p><p style=\"text-align:left\">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. </p><p style=\"text-align:inherit\"></p><p style=\"text-align:left\">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.</p><p style=\"text-align:inherit\"></p><p style=\"text-align:inherit\"></p><p style=\"text-align:left\"><b>Job Summary:</b></p>Manager, Stress Testing is responsible for defining, coordinating, and executing the Bank’s stress testing programme, encompassing macroeconomics, credit risk, interest rate risk in the banking book (IRRBB), and ESG/climate risk stress testing. Working closely with Risk, Treasury, Finance, and Group stakeholders, the role ensures that the stress testing framework meets the expectations of the CSSF and ECB, and that stress outcomes are robustly integrated into capital and liquidity planning, risk appetite calibration, and recovery planning. The position requires strong quantitative and data analytics capabilities to design models, and develop scalable stress testing scenarios. <br><br>You will work in close coordination with the Model Risk Manager, who retains ownership of the Model Risk Management framework and independent model validation.<p style=\"text-align:inherit\"></p><p style=\"text-align:left\"><b>Job Description:</b></p><p></p><p><span style=\"color:#4a4a4a\"><span><b><span style=\"font-size:inherit\">Essential Responsibilities:</span></b></span></span></p><ul><li><p><span style=\"color:#4a4a4a\"><span><span style=\"font-size:inherit\">Identify issues and recommend best practices for risk management within the organization.</span></span></span></p></li><li><p><span style=\"color:#4a4a4a\"><span><span style=\"font-size:inherit\">Lead functional projects and programs that enhance risk assessment and mitigation efforts.</span></span></span></p></li><li><p><span style=\"color:#4a4a4a\"><span><span style=\"font-size:inherit\">Collaborate with teams to analyze business trends and their implications for risk management.</span></span></span></p></li><li><p><span style=\"color:#4a4a4a\"><span><span style=\"font-size:inherit\">Contribute to process improvements that enhance the effectiveness of risk management strategies.</span></span></span></p></li><li><p><span style=\"color:#4a4a4a\"><span><span style=\"font-size:inherit\">Provide guidance and support to team members in executing risk management initiatives.</span></span></span></p></li></ul><p></p><p><span style=\"color:#4a4a4a\"><span><b><span style=\"font-size:inherit\">Minimum Qualifications:</span></b></span></span></p><ul><li><p><span style=\"color:#4a4a4a\"><span><span style=\"font-size:inherit\">5&#43; years relevant experience and a Bachelor’s degree OR Any equivalent combination of education and experience.</span></span></span></p></li></ul><div><div><div><div><p style=\"text-align:inherit\"></p><p style=\"text-align:left\"><b>Additional Responsibilities &amp; Preferred Qualifications<span>:</span></b></p></div></div></div></div><div><div><p><b><span>Deliverables and key activities</span></b><span> </span></p></div><div><ul><li><p><span><span>Define the specifications and<span> </span></span><span>methodology</span><span><span> </span>for the stress testing<span> </span></span><span>programme</span><span>, ensuring alignment with ECB and other applicable EU regulatory requirements,<span> </span></span><span>in particular for</span><span><span> </span>systemically important institutions</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Lead the coordination and definition of key stress testing assumptions (macroeconomic, idiosyncratic, and reverse stress scenarios) with internal stakeholders and expert teams across risk, finance, and business lines</span><span>, ensuring implementation of business requirements into models</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Support and challenge</span><span><span> </span>the execution of IRRBB stress testing, including interest rate sensitivity analyses (Delta EVE and Delta NII), </span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Support the enhancement and<span> </span></span><span>provide second line oversight over Treasury’s<span> </span></span><span>behavioural</span><span><span> </span>assumptions for non-maturing deposits, prepayment models, and repricing profiles, ensuring integration<span> </span></span><span>of<span> </span></span><span>stress results into capital and liquidity planning frameworks</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Provide second line oversight over Treasury’s analytical models and risk quantification tools, including cash flow projection engines, investment portfolio analytics, and liquidity forecasting models, ensuring their outputs are fit for use in stress testing and regulatory reporting</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Define data requirements for the stress testing<span> </span></span><span>programme</span><span>, including extraction from source systems (SAP, regulatory reporting databases), transformation, reconciliation, and loading into stress testing engines, ensuring data integrity and auditability</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Collaborate with the Model Risk Management function on model specification (macroeconomic linkage to<span> </span></span><span>modeling components</span><span>), coordinate development with quantitative teams, and</span><span><span> </span>perform</span><span><span> </span>output<span> </span></span><span>analysis</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Maintain up-to-date documentation and process control for the stress testing<span> </span></span><span>programme</span><span>, including scenario narratives, assumption rationale, data sourcing,<span> </span></span><span>programme</span><span><span> </span>governance, and reporting outputs</span><span><span> </span></span><span>and model</span><span><span> </span>limitations</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Interpret, review, and document all stress test results, including the rationale for key assumptions and their impacts on capital, liquidity, and solvency positions</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Present stress testing<span> </span></span><span>methodology</span><span><span> </span>and outcomes to senior management, risk committees, and regulatory bodies as<span> </span></span><span>required</span><span>, articulating material risks and model limitations in a clear and concise manner</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Monitor market and regulatory developments, proactively enhancing the stress testing framework to ensure best-in-class standards and ongoing regulatory compliance (ECB Guide on ICAAP/ILAAP, EBA Guidelines, CRR)</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Assist</span><span><span> </span>with the integration of stress testing outcomes into risk appetite, capital planning, recovery planning, and other strategic processes (e.g., ICAAP/ILAAP, SREP submissions)</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Support ad hoc regulatory data requests, internal reviews, audits, and examinations related to stress testing frameworks and outcomes</span></span><span> </span></p></li></ul></div><div><p><span> </span></p></div></div><div><div><p><b><span>Ideally, you would have</span></b><span> </span></p></div><div><ul><li><p><span><span>7&#43; years of experience in stress testing, quantitative risk management, or risk modelling within a regulated EU/EEA banking environment, ideally with direct exposure to ECB SSM supervision</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Master’s degree in a quantitative discipline (finance, economics, mathematics, statistics, physics, engineering, or computer science); professional certification (CFA, FRM, PRM, CQF)<span> </span></span><span>advantageous</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Strong knowledge of EBA stress testing<span> </span></span><span>methodology</span><span>, ECB Guide on ICAAP/ILAAP, CRR/CRD requirements, and IFRS 9 ECL frameworks</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Proven<span> </span></span><span>track record</span><span><span> </span>in leading or coordinating stress testing or capital planning projects, including scenario design and</span></span><span><span>/or</span></span><span><span><span> </span>model development</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Hands-on experience with econometric and statistical modelling, including credit risk PD/LGD</span><span>/EAD</span><span><span> </span>models, NII sensitivity models, IRRBB<span> </span></span><span>behavioural</span><span><span> </span>models (non-maturing deposits, prepayments), and macroeconomic scenario linkage </span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Hands-on experience with at least one of the following enterprise data and analytics capabilities: cloud-based data warehouses (e.g., GCP<span> </span></span><span>BigQuery</span><span>), SQL across multiple dialects, Python-based data science and ML libraries (e.g.,<span> </span></span><span>PySpark</span><span>, scikit-learn),<span> </span></span><span>vi</span><span>sualisation</span><span><span> </span>tools (e.g., Tableau, Power BI, Looker), or version-controlled development workflows (Git)</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Familiarity with treasury systems and infrastructure (e.g., SAP, Bloomberg) and their role in sourcing balance-sheet, position, and market data for stress testing purposes</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Capacity to interpret complex technical results for diverse audiences up to senior executive and regulator level</span></span><span> </span></p></li></ul></div><div><ul><li><p><span><span>Proven experience working in a fast-paced, international environment, managing multiple stakeholders and deadlines</span></span><span> </span></p></li></ul></div><div><p><span> </span></p></div></div><p style=\"text-align:inherit\"></p><p style=\"text-align:left\"><b>Subsidiary:</b></p>PayPal<p style=\"text-align:inherit\"></p><p style=\"text-align:left\"><b>Travel Percent:</b></p>0<p style=\"text-align:inherit\"></p><p style=\"text-align:inherit\"></p><p style=\"text-align:inherit\"></p><p style=\"text-align:inherit\"></p><p style=\"text-align:inherit\"></p><p style=\"text-align:inherit\"></p><p></p><p><span>PayPal does not charge candidates any fees for courses, applications, resume reviews, interviews, background checks, or onboarding. When making an application directly, we will never ask you to share passwords, one-time passcodes (OTP), or verification codes.  Any such request is a red flag and likely part of a scam. All communication regarding your application will come from official PayPal email domains. If you suspect fraudulent activity, please report it immediately.  To learn more about how to identify and avoid recruitment fraud please visit </span><a href=\"http://careers.pypl.com/contact-us\" target=\"_blank\"><span>https://careers.pypl.com/contact-us</span></a><span>. </span></p><p></p><p>For the majority of employees, PayPal&#39;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.</p><p></p><p><b>Our Benefits:</b></p><p>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 comprehensive, choice-based programs, to support all aspects of personal wellbeing—physical, emotional, and financial—delivering meaningful value where it matters most. We strive to create a flexible, balanced work culture with a holistic approach to benefits, including generous paid time off, healthcare coverage for you and your family, and resources to create financial security and support your mental health.</p><p></p><p><b>Who We Are:</b></p><p><a href=\"https://about.pypl.com/who-we-are/default.aspx\" target=\"_blank\"><span>Click Here</span></a><span> to learn more about our culture and community.</span></p><p></p><p><b>Commitment to Diversity and Inclusion  </b></p><p><span>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 </span><a href=\"mailto:paypalglobaltalentacquisition&#64;paypal.com\" target=\"_blank\"><span><span><span>paypalglobaltalentacquisition&#64;paypal.com</span></span></span></a><span>.  </span></p><p></p><p><b>Belonging at PayPal:</b> </p><p>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.</p><p></p><p><span>Any general requests for consideration of your skills, please </span><a href=\"https://nam11.safelinks.protection.outlook.com/?url&#61;https%3A%2F%2Fpaypal.eightfold.ai%2Fcareers%2Fjoin%3Fdomain%3Dpaypal.com&amp;data&#61;05%7C01%7Chmouchel%40paypal.com%7C896c661e48224f2f6c0608db51a99675%7Cfb00791460204374977e21bac5f3f4c8%7C0%7C0%7C638193561037230485%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata&#61;iYNNAXZqfoYTLGNP79IEWsPoYxBR8lE1%2BqNN6c2Kmnk%3D&amp;reserved&#61;0\" target=\"_blank\">Join our Talent Community</a><span>. </span></p><p></p><p><u>We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.</u></p><p></p>",
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