We're hiring some internal application and project security consultants and a security manager. I'll update this post with a link when I get one I can put up as a URL (silly brassring) but if you go to:
you can search PayPal jobs with a keyword of "information security" to find the job descriptions.
Update: Here are some easily clickable links:
Manager, Information Security - Phoenix
Principal Information Security Engineer - Phoenix
Principal Information Security Engineer - San Jose