Credit Risk Compliance Manager

About Paidy Inc.

Paidy is Japan's pioneer and leading BNPL service company. At Paidy we believe in creating simple, instant experiences to take the hassle out of shopping with a touch of magic.

Paidy offers instant, monthly-consolidated credit to consumers by removing hassles from payment and purchase experiences. Paidy uses proprietary models and machine learning to underwrite transactions in seconds and guarantee payments to merchants. Paidy increases revenue for merchants by reducing the number of incomplete transactions, increasing conversion rates, boosting average order values, and facilitating repeat purchases from consumers. 

Paidy is a subsidiary of PayPal, the global payments company. Paidy continues to operate its existing business, maintain its brand and support a wide variety of consumer wallets and marketplaces by providing convenient and innovative services with support from PayPal.

Paidy continues to innovate to make shopping easier and more fun both online and offline. For more information, please visit http://www.paidy.com. 

About Position 

The Credit Risk Compliance Manager will ensure full compliance with Japanese consumer credit regulations, including the Installment Sales Act (割賦販売法), which regulate lending practices and consumer protections. The Credit Risk Compliance Manager will also ensure that credit offerings comply with laws to safeguard customer data and that lending practices are in line with Japanese regulatory guidance.

Key Role and Responsibilities

• The successful candidate will serve as the central compliance and governance resource for the Credit Risk team, acting as the First Line of Defense in Paidy’s Three Line of Defense Model
• Engagement with Regulatory Bodies: liaising with The Ministry of Economy, Trade and Industry (METI) and other regulatory bodies to stay updated on any changes in regulation that might impact  compliance, reputation, credit and other risks.
• Ensuring compliance with the relevant laws and regulations including Installment Sales Act and fair practices as per guidelines from regulators regarding product development and maintenance.
• Fraud and Credit Risk Prevention: ensuring that the fraud detection systems are effective in identifying fraudulent credit applications, especially in a BNPL context where quick approvals can create opportunities for fraud.
• Monitoring data storage status: ensuring the data and documents are properly stored in line with the regulation and guidelines under relevant laws.
• Collaborating with existing internal fraud  teams to ensure local market best practices are adhered to in addressing risks of identity fraud within the BNPL system.
• Monitoring Credit Risk Controls: monitoring customer credit exposure and ensuring that credit decisions are made in compliance with company policies and regulations.
• Ensuring robust credit approval processes, and embedding risk controls at the underwriting stage to manage credit limits and payment terms.
• Information management: Ensure that all credit decisions are documented with the relevant information and securely stored and easily retrieved
• Credit Renewal: Ensure that the correct credit procedures are followed during contract renewals

Skills and Requirements

• 5-10 years of experience in credit risk management, with a strong understanding of credit products and risk assessment.
• Significant experience with Japanese regulatory frameworks and compliance, including Installment Sales Act, AML and data privacy laws.
• Proven track record  in first line of defense roles, managing risk controls and aligning operations with organizational risk appetite.
• Knowledge of the Japanese market and proficiency in Japanese, with native communication skills in Japanese and business level proficiency in English

Paidy team will ask about your user experiences with Paidy Apps during the interview. Please download Paidy App and try it out!

• • iOS: https://apps.apple.com/jp/app/paidy/id1220373112
  • Android: https://play.google.com/store/apps/details?id=com.paidy.paidy&hl=en&gl=US

For those who are not able to download Paidy App, due to the regional restrictions, please be advised that you download the similar App, such as Klarna, Afterpay, Affirm and so forth, and come up with your opinions on these applications and services.

• Please note that you must be eligible to work in Japan.

What We Offer You

• Diversified team with 230+ colleagues from 42+ countries
• Exciting work opportunities in a rapid-growing organization
• Cross-functional collaboration
• Flexible work-from-home arrangement
• Competitive salary and benefits

Paidy Values

Be a winner / 勝ちにこだわる

• Always seek to beat expectations / 期待値を超える為に常に努力する
• Display surprising speed and resourcefulness / 人をスピードと機知で驚かす
• Overcome weaknesses by leveraging the strength and help of others to win / 仲間の強みを活かしたり協力を得ることで、自身の弱みや足りない点を克服する

Own and deliver, together / 共に結果を出す

• Fully support the final decision even if at times you may disagree / たとえ意見が対立することがあったとしても、最終決定を全面的に受け入れ支持する
• Acknowledge and gather the power of others, by communicating and collaborating with them / 仲間の力を認めて活用し、積極的にコミュニケーションをとり、協力する
• Show a will to own actions and go the extra mile without being asked / 行動について強いオーナーシップを持ち、言われずとも業務を遂行しきる覚悟を持つ

Be a valued team member / 価値を認められるメンバーになる

• Strive to play an integral role / 替えの効かない役割を果たす
• Embrace and bridge differences in perspective, language and culture / 異なる意見・考え方、言語と文化の架け橋になる
• Don’t compromise - raise the bar for yourself and others / スタンダードを上げ続けることに妥協しない