Director, Legal Counsel-Capital Markets

About 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. We empower consumers and businesses in approximately 200 markets to join and thrive in the global economy. Our global, two-sided network connects hundreds of millions of merchants and consumers, enabling transactions and payments online and in person. We provide proprietary payment solutions, offer flexible funding sources, and facilitate safer and simpler fund transfers for friends and family through products like PayPal, Venmo, and Xoom.

We offer merchants an end-to-end payments solution, including authorization, settlement, instant access to funds, and risk management. We also enable cross-border shopping and global reach for merchants while reducing complexity. Our core values—Inclusion, Innovation, Collaboration, and Wellness—guide our work as one global team with customers at the center.

About the Role

PayPal is seeking a seasoned capital markets attorney to join its Legal team. This role reports to the Vice President, Consumer Financial Services Legal, and will serve as the primary legal advisor on capital markets transactions supporting PayPal's consumer lending and credit businesses, including Buy Now Pay Later, credit card, and working capital products in the U.S. and internationally.

The ideal candidate brings deep transactional experience, strong securities law fundamentals, and the commercial judgment to advise effectively at the intersection of fintech, consumer finance, and capital markets. This is a high-visibility role with direct exposure to senior leadership and the opportunity to help build and scale a best-in-class capital markets function at one of the world’s leading fintech companies.

Responsibilities

• Provide strategic legal advice and support to senior management, influencing business strategy and decision-making.
• Anticipate regulatory and legal risks, and proactively design strategies to manage them.
• Perform legal and regulatory compliance risk assessments, propose creative solutions, and help advance business objectives.
• Manage escalations, collaborate across teams, and develop solutions to enable business partners to achieve their goals.
• Develop strong working relationships with business counterparts to drive effective legal services.
• Ensure compliance with relevant laws and regulations, adopting cutting-edge legal technologies and best practices.
• Manage legal risks and safeguard PayPal's legal interests, developing forward-looking risk management strategies.
• Provide key inputs as an industry leader, staying ahead of legal trends and influencing industry standards.
• Serve as lead counsel and thought leader on debt and structured finance transactions, including asset-backed securitizations, warehouse lending facilities, forward flow agreements, and other capital markets executions supporting PayPal's global consumer and merchant credit portfolios.
• Advise on securities law compliance for registered and exempt offerings, including Rule 144A/Reg S transactions and Regulation AB compliance for ABS issuances.
• Partner with Treasury, Finance, Risk, and the broader Legal organization to structure and execute financings that support PayPal's balance sheet strategy and credit product growth.
• Counsel on disclosure obligations, reporting requirements, and ongoing securities compliance matters applicable to PayPal as a public company.
• Manage relationships with outside counsel, rating agencies, trustees, underwriters, and other transaction counterparties; coordinate with local counsel in relevant international jurisdictions.
• Monitor regulatory developments affecting capital markets activity in consumer finance, including SEC rulemaking, CFPB guidance, and state-level and international developments relevant to loan sales and securitization.
• Support diligence and structuring on potential acquisitions, joint ventures, or strategic partnerships involving consumer credit assets or fintech-bank arrangements.
• Identify and manage legal risk across the transaction lifecycle, from term sheet through closing and ongoing reporting obligations.
• Develop internal legal playbooks, template documentation, and scalable processes for capital markets transactions.

Requirements

• Juris Doctorate (J.D.) from an accredited law school and active bar membership in at least one U.S. jurisdiction.
• 10+ years of relevant experience, with meaningful time at a top-tier law firm focused on structured finance, ABS, or debt capital markets, ideally supplemented by in-house experience at a bank, fintech, marketplace lender, payments platform, or financial services company.
• Demonstrated experience with consumer loan securitization or asset-backed finance, including familiarity with credit card ABS, personal loan ABS, or BNPL-related financing structures.
• Working knowledge of the regulatory environment governing fintech-bank partnerships, including bank partnership lending models and the role of originating bank partners in the capital markets context.
• Strong drafting skills and experience managing complex, multi-party transaction processes under time pressure.
• Ability to translate sophisticated legal and structural analysis into clear, actionable advice for business, legal, and finance stakeholders.
• Demonstrated ability to manage complex, multi-jurisdictional transactions; international experience is a plus.
• Collaborative, low-ego working style with the confidence to operate independently and push back constructively when warranted.

Pay

The base pay for this role depends on location and relevant experience. The expected pay range by location is:

• New York City, New York: $218,000.00 - $323,950.00 annually
• Chicago, Illinois: $198,000.00 - $294,250.00 annually
• San Jose, California: $218,000.00 - $323,950.00 annually
• Washington DC, District of Columbia: $208,000.00 - $309,100.00 annually
• Scottsdale, Arizona: $188,000.00 - $279,400.00 annually
• Omaha, Nebraska: $188,000.00 - $279,400.00 annually

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

Schedule

For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace.

Benefits

• Comprehensive, choice-based programs supporting physical, emotional, and financial wellbeing.
• Generous paid time off.
• Healthcare coverage for you and your family.
• Resources to create financial security and support mental health.