Director, Head of Core Banking Technology Platforms

The posting

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 Summary:

PayPal Bank is seeking a Director, Head of Core Banking Technology Platforms, to lead the strategy, architecture, implementation, and operation of platforms supporting deposits, lending, payment gateway services, and Federal Reserve master-account connectivity. The deposit platform will be built on a modern, cloud-native core, while lending will leverage and evolve existing in-house capabilities. The role will also lead payment gateway implementation and related Federal Reserve payment services. The leader will unify these capabilities through composable APIs and event-driven architecture, integrating with PayPal’s identity, fraud, credit, payments, finance, treasury, compliance, data, servicing, and customer-experience platforms. This highly visible role requires deep banking and payments expertise, strong architectural judgment, and experience delivering secure, resilient, regulated infrastructure at scale

Job Description:

Essential Responsibilities:

• Directs and controls the delivery of business and technical outcomes that comprise multiple projects and operational activities within a domain through organizational and technical leadership
• Defines engineering health objectives that drive organization health, engineering best practices and operational targets
• Drives product and technical strategy with cross-functional leaders across the enterprise to deliver Domain goals
• Responsible for the delivery of programs, establishing annual organizational goals and ensuring performance and results that impact both their domain and potentially enterprise
• Develops engineering strategy that translates into operational and tactical plans; uses ground-breaking methods to think beyond existing solutions
• Sets the tri-annual roadmap for a domain level organization. Defines the operational strategy for a domain based on a defined budget
• Evaluates key business challenges and can complete complex, ambiguous initiatives having impact across engineering; directs the development of new or innovative solutions. Ability to deal with high levels of technical domain level ambiguity.
• Collaborates with direct team, managers in org, stakeholders, managers in other orgs, external partners and business stakeholders

Minimum 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 & Preferred Qualifications:

Required Qualifications:

· 12+ years of software engineering or technology-platform experience, including significant leadership responsibility.

· 7+ years leading engineering teams responsible for banking, payments, or other highly regulated platforms.

· Demonstrated experience implementing, modernizing, or operating core banking platforms spanning deposits, lending, or payments.

· Deep understanding of deposit accounts, loan systems, transaction posting, interest processing, payment clearing and settlement, reconciliation, and general-ledger integration.

· Experience implementing payment gateways or direct bank connectivity to ACH, wire, or instant-payment networks.

· Experience building enterprise API platforms and event-driven distributed systems.

· Strong understanding of ledger design, double-entry accounting, financial controls, and data lineage.

· Experience integrating banking platforms with identity, fraud, credit decisioning, payments, finance, treasury, compliance, data, and servicing systems.

· Proven ability to deliver highly available, secure, auditable platforms at significant transaction scale.

· Experience managing critical technology vendors and holding them accountable for delivery, reliability, and contractual service levels.

· Strong record of recruiting and leading senior engineers, architects, engineering managers, and platform teams.

· Ability to communicate complex technical and operational issues clearly to executives, business partners, auditors, and regulators.

Preferred Qualifications

· Experience launching a de novo bank, digital bank, or new banking platform.

· Experience with modern, cloud-native, product-configurable banking cores.

· Knowledge of FBO, custodial, and omnibus deposit structures and related recordkeeping requirements.

· Familiarity with FDIC-insured deposit operations, pass-through deposit insurance, and brokered-deposit considerations.

· Experience supporting interest-bearing consumer accounts and configurable interest-rate products.

· Familiarity with banking regulations, technology-risk management, cybersecurity, model governance, and financial-crime controls.

· Experience integrating separate deposit and lending cores through a shared API, event, and accounting architecture.

· Experience implementing Federal Reserve master-account connectivity or integrating with Federal Reserve payment services, including FedACH, Fedwire Funds Service, or FedNow Service.

· Experience operating banking platforms across public-cloud and hybrid-cloud environments.

· Bachelor's or advanced degree in computer science, engineering, or a related discipline, or equivalent professional experience.

Subsidiary:

PayPal

Travel Percent:

0

-

The base pay for this role will depend on where you work and the relevant experience and expertise you bring. The expected range of pay for this role by location is:


Primary Location | Pay Range:

Chicago, Illinois: ($198,000.00 - $294,250.00 Annually)


Additional Location(s) | Pay Range:

Utah - (Virtual): ($188,000.00 - $279,400.00 Annually)

Additional compensation for this role may include an annual performance bonus, equity, or other incentive compensation, as applicable.

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 https://careers.pypl.com/contact-us.

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 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.

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 [email protected].

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.