Head of Treasury Impact Investing & ESG

Who we are

 

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. We’re a purpose-driven company, and our beliefs are the foundation of how we conduct business every day. We’re guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Collectively, these values inspire us to work together as One Team with our customers at the center of everything we do, and to take care of ourselves, each other, and the communities in which we live and work. We challenge the status quo, ask questions, and find solutions. Join us as we enable the hopes, dreams, and ambitions of millions of people around the world.

 

When applying for a job you are required to create an account, if you have already created an account - click Sign In.

Creating an account will allow you to follow the progress of your applications. Our system does have some requirements that will help us process your application, below are some guidelines for creation of your account:

• Provide full legal First Name/Family Name – this is important for us to ensure our future hires have the right system set up.
• Please Capitalize first letter of your First and Last Name.
• Please avoid using fully capitalized text for your First and/or Last Name.
• NOTE: If your name is hyphenated or has multiple capitalization, please use the same format as your government ID.

Job Description Summary:

PayPal is seeking a Senior Portfolio Manager for impact investing to manage PayPal’s Economic Opportunity Fund, gender equality investments, and overall impact investment strategy within PayPal’s corporate treasury. This individual will manage all current and future treasury investing activity across PayPal’s impact investing portfolio comprised of corporate cash deposit investments in mission-driven financial institutions, managed funds, and investment partnerships. In addition, this individual will take responsibility for developing and implementing the policies and procedures used to manage PayPal’s impact investment strategy and investable assets more broadly from a responsible environmental, social, and governance (ESG) perspective.

Job Description:

This individual will work closely with PayPal’s Global Social Innovation Team in their efforts to develop a market leading social impact measurement approach and capabilities to describe, measure, report, and enhance our impact. This role will manage the impact measurement and evaluation of PayPal’s impact investments. This is an exciting and ambitious opportunity to support PayPal in ensuring accountability to its mission and values as it relates to social and environmental impact across the Treasury and Investments teams.

Specific duties of this role will include:

• Transactions:

  • Source, structure, execute, and manage impact investment opportunities for PayPal across initial impact areas of racial equity and gender equality as well as potential future focus areas including climate resilience.

• Portfolio Underwriting / Risk Management:

  • Conduct industry, investment, and credit / fund due diligence to support investment and risk management decision-making

  • Analyze individual banks, mission-driven financial institutions, and limited partnership vehicles to evaluate credit risks and make relative value judgements

  • Perform ongoing monitoring of the investment portfolio including risk reporting and investment memorandums

  • Ensure compliance with investment policy, corporate governance, and applicable regulatory standards

• Impact Measurement:

  • Measure and evaluate impact utilizing statistical analysis, impact metrics, and collaborate with the Global Social Innovation team to develop other rigorous evaluation strategies that are sufficiently flexible to capture the full range of positive impact resulting from investments

  • Develop portfolio dashboard and oversee impact management, reporting, and disclosure throughout the investment process

  • Evaluate and analyze third-party providers of ESG ratings / scores

  • Collaborate with communications and investor relations teams to translate and communicate investment outcomes and impact

• Strategy and Stakeholder Engagement

  • Develop and refine policies and procedures used to manage PayPal’s impact investment strategy and to apply a responsible environmental, social, and governance (ESG) perspective to investable assets more broadly

  • Develop and maintain strong relationships with securities dealers, asset managers, local CDCs, CDFIs, and foundations in order to source investment opportunities

  • Engage with various industry stakeholders, including relationships with relevant impact investing industry groups (GIIN, ImpactAlpha, ImpactAssets, OPIM, Bloomberg Green), NGOs, etc. and periodically update relevant internal teams on the rapidly evolving impact investing landscape

Position Requirements

The ideal candidate will have a deep understanding of investment evaluation, fixed income securities, and private credit transactions as well as familiarity with assets such as corporate bonds, project finance, and consumer lending but also specific experience with innovative social impact investment vehicles including green bonds, and sustainable development bonds. Additionally, the candidate will have securities analysis and investment experience with excellent communication skills, fluency in portfolio management concepts, and advanced proficiency with credit underwriting and investment due diligence.

• Bachelor’s degree required, MBA/CFA preferred

• 7+ years experience in fixed income, private credit, and/or impact investing

• Strong fundamental understanding of financial markets, investment theory, sustainability, impact investing, and environmental, social, and governance (ESG) issues in investing

• Excellent written, verbal, and presentation skills

• Strong analytical and project management skills

Subsidiary:

PayPal

Travel Percent:

0

For more than 20 years, PayPal has remained at the forefront of the digital payment revolution. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, our open digital payments platform gives PayPal’s 400 million active account holders the confidence to connect and transact in new and powerful ways. 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, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

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 [email protected].