Payments Manager

Time zone
Full Time
Opening date
Closing date
27 Oct 2021

Facebook is seeking a professional with expertise in Financial Institutions Financial Codes to provide strategic guidance as we enable the growth of Facebook’s F2 Accounting function. This leadership role is accountable for driving the revised strategy and design of our regulatory reporting process, systems and controls by closely collaborating with global finance teams, legal, compliance, engineering and product functions and other internal and external resources.

  • Design a global end-to-end process, systems and controls strategy for financial regulatory reporting requirements including internal controls and disclosure requirements
  • Increase the robustness and oversight of our Regulatory Management and Reporting Processes and Systems including holistic review of risk at F2 level
  • Collaborate with Legal and Compliance teams to interpret the regulatory Financial Codes and guidance by jurisdiction to determine the accounting and financial reporting treatments, including internal control considerations and disclosure requirements (including but not limited to: Escheatment, Liability recognition and release timing, US GAAP and regulatory filing differences, Permissible investments, and Compliance policies by state nuances)
  • Partner with our International Accounting team to bridge the related regulated financial requirements and codes
  • Prepare or review the filing and reporting of support for our certifications across the 48 states of the 100+ filings across different legal entities
  • Lead audits with regulators, including acting as the single point of contact and issuing responses, resolutions, and remediations
  • Prepare or review memorandums and write-ups for exceptions to be filed with the regulators
  • Monitor, understand and provide interpretations of proposed and new changes to the financial codes and assist the teams in assessing financial, operational and reporting implications
  • Actively participate in industry roundtables and regulatory bodies
  • Train the broader Finance and stakeholder teams on the regulatory finance implication and the need to comply with it
  • Bachelor’s degree in Accounting, Finance or related field
  • 10+ years’ experience with regulatory bodies and solid understanding of financial codes
  • Accounting, systems and operations knowledge
  • Management experience – both managing a team and cross-functional experience
  • Experience executing in a dynamic, high speed and demanding environment by demonstrating organizational, interpersonal, communication, problem-solving, and prioritization skills

Facebook’s mission is to give people the power to build community and bring the world closer together. Through our family of apps and services, we’re building a different kind of company that connects billions of people around the world, gives them ways to share what matters most to them, and helps bring people closer together. Whether we’re creating new products or helping a small business expand its reach, people at Facebook are builders at heart. Our global teams are constantly iterating, solving problems, and working together to empower people around the world to build community and connect in meaningful ways. Together, we can help people build stronger communities – we’re just getting started.

Facebook is proud to be an Equal Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. Facebook is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please let us know at [email protected]

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