OFAC & Sanctions Compliance Director, eBay
$160.4-254.1k
The pay range is based on candidates based in California, Washington, or New York. Other locations may differ
Leading online marketplace
Be an early applicant
Leading online marketplace
1001+ employees
Be an early applicant
$160.4-254.1k
The pay range is based on candidates based in California, Washington, or New York. Other locations may differ
1001+ employees
Company mission
To connect people and build communities to create economic opportunity for all.
Role
Who you are
- EBay Compliance seeks a highly motivated, creative, process and data driven individual with leadership and strategic experience
- 6+ years in senior compliance management in fin-tech, a start-up, technology, or emerging financial services sector, greater than 12+ years in their compliance career, and experience in a bank or large regulated financial institution
- Strong knowledge and experience with OFAC and non-US Sanctions laws, regulations and related compliance requirements (including reporting and record retention requirements)
- Significant experience communicating requirements to product and engineering partners
- Strong track record of driving timely and effective issue resolution
- Ability to make presentations to c-suite
- Strong ability to derive insights and be able to articulate sophisticated ideas concisely
- Masters' degree or equivalent experience in a relevant field or Juris Doctor (JD) strongly preferred
- Ability to succeed in a fast paced, and dynamic environment, within time-critical situations
- Phenomenal teammate with strong collaborative qualities and a positive demeanor
- Strong interpersonal, analytical, problem solving, influencing, and organizational skills
- Strong oral and written communication skills and ability to interact with other business teams
- Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses
- Experience in managing regulatory exams and relationships with examiners, auditors, etc
What the job involves
- This role will perform a critical role leading the Sanctions Compliance Program for the US and international marketplaces, and eBay subsidiaries
- This is a senior management role that reports to the Chief Compliance Officer/BSA Officer of eBay’s US Payments entity
- Lead the global 2nd line of defense Sanctions Compliance Program team, including defining a global vendor and program strategy, multi-year roadmap and key controls to address the dynamic global sanctions compliance requirements
- Guide the business to identify and understand risk exposures and partner with Product and Engineering partners to prioritize and ensure the build for the controls needed
- Own and define all enterprise Sanctions policy management activities
- Partner with the first line Compliance Operations team to ensure appropriate procedures and processes are developed for the review and critical issue of alerts
- Define strategy, review and approve OFAC administrative subpoena responses, Voluntary Self-Disclosures, and blocking reports if necessary
- Provide advice to the businesses on an ongoing basis on new business initiatives, new products, business acquisitions, and customer-related matters with respect to applicability of policies, resolution of potential red flags or other sanctions compliance risks
- Advise a multiyear product and vendor strategy that facilities efficient screening of users, alert review, and reduces unnecessary false positives
- Manage the institutional relationship with OFAC, and act as the primary point of contact for internal audit staff for Sanctions regulatory matters, as appropriate, including coordinating Sanctions-related examinations, audit and reviews, document production, and issue responses
- Interact with Senior Management to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program; supervises the preparation of materials for the Board or relevant management/risk committees
- Engage cross-functionally (with groups such as Legal, Product, Engineering and Risk) to establish a thoughtful, strategic and scalable approach to the Sanctions Compliance Program and related processes
- Design, deliver, and maintain best-in-class Sanctions Compliance practices, providing a mechanism for identifying key sanctions risks and how the mitigation of those risks would be monitored and measured through a control framework
- Define and measure monthly metrics for key performance indicators (KPIs) and key risk indicators (KRIs) and Assists in the preparation of Committee and Board reporting
- Use subject matter expertise to make recommendations to senior management to address gaps, policy/procedure changes, regulatory changes, etc
- Partner with Compliance Governance team to ensure Risk Assessment, NY DFS 504 model validation, and other annual activities are completed
- Coordinate internal resources and vital parties/vendors for execution of projects
- Develop detailed project plans to track progress
- Ensure projects are delivered timely, within scope and within budget
- Managing a specialized team of Compliance professionals responsible for the execution of Sanctions regulatory and program activities including developing, attracting, and retaining talent
Our take
Founded in 1995 as an online auction platform primarily catering to collectibles, eBay quickly emerged as a pioneer in connecting buyers and sellers in the digital realm. This early success propelled eBay to become to globally recognized leader it is today.
In the present landscape, eBay competes with industry giants like Amazon within the C2C eCommerce sector. However, eBay distinguishes itself by fostering an environment where businesses can cultivate and promote their brands on the platform, offering a tailored, community-driven experience for both sellers and buyers. By championing small businesses, eBay attracts sellers and socially conscious consumers, positioning itself in stark contrast to Amazon's corporate image.
The rising consumer interest in sustainability has presented economic opportunities for eBay, particularly as younger demographics gravitate toward purchasing pre-owned items. in response, eBay has directed its marketing efforts toward Gen Z customers and formed partnerships with cultural phenomena like Love Island, further solidifying its appeal among contemporary audiences.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
13% employee growth in 12 months
Company
Company benefits
- Comprehensive and competitive health and wellness program designed to meet your unique needs.
- We strive to provide programs that help support both mind and body, including quality healthcare insurance, wellness programs and preventative care.
- Stock Purchase Plans
- Retirement Savings and Pension Plans
- Stock Awards
- Life Insurance and Disability Benefits
- Credit Union Memberships
- Balancing work & life - eBay believes in providing you with the opportunity to be your best self in your professional and personal life. In addition to supporting flexible workstyles including hybrid and remote, eBay offers 4 weeks of paid sabbatical time for every 5 years of service
- Giving back to our community - We provide our employees around the globe with opportunities to have a positive impact on their local communities. Through the eBay Foundation, our company matches donations to eligible nonprofits up to $10,000 per employee per year. And our employee-led volunteer groups organize local giving and volunteering activities throughout the world
Company HQ
Greylands, San Jose, CA
Articles
Leadership
Jamie Iannone
(CEO, not founder)Studied at Princeton and Stanford University. Held executive roles at Walmart, Barnes & Noble, and The Children's Place, before becoming CEO of eBay in April 2020.
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