Counsel, Marqeta
Product & Regulatory
$173.6-255.3k
+ Annual bonuses to eligible employees, rewarding both individual performance and the success of the entire company & Equity and an Employee Stock Purchase Program. Salary dependent on location
Modern payment & card issuing solutions
Job no longer available
Modern payment & card issuing solutions
1001+ employees
Job no longer available
$173.6-255.3k
+ Annual bonuses to eligible employees, rewarding both individual performance and the success of the entire company & Equity and an Employee Stock Purchase Program. Salary dependent on location
1001+ employees
Company mission
To be the global standard for modern card issuing, empowering builders to bring the most innovative products to the world.
Role
Who you are
- To help advance our vision of modern money movement, Marqeta is looking for a Counsel, Product & Regulatory who is enthusiastic about payments technology and its potential for positive impact in peoples’ lives
- This requires strong business acumen and the ability to both work independently and with large multi-stakeholder teams
- We are looking for someone with sharp analytical and communication skills, who is diligent, organized, engaged, proactive, collaborative, and who has demonstrated excellent legal and business judgment and strategic thinking
- 3 to 5 years’ experience practicing in-house in fintech or banking or at a reputable law firm, with a focus on the prepaid, debit, and/or credit card space
- Deep understanding of the payments industry and card space, including the laws, rules and regulations related to banks and the participants in the payments ecosystem, including issuer processors and program managers
- A keen sense of ownership and the ability to independently drive complex projects to completion on tight timelines in a fast-moving, high-performing environment
- A solid business focus with practical risk awareness and the ability to balance legal risk mitigation against key business objectives and risks
- Excellent oral and written communication skills; ability to work on teams and independently; ability to drive accountability and influence outcomes
- The ability to challenge and be challenged both internally and with clients in a constructive and respectful way
- Advanced problem solving skills, i.e., the ability to quickly digest a problem, evaluate various options/solutions and empower yourself and others to deliver
- Team player with a positive attitude and commitment to excellence
- JD degree and member in good standing of a State Bar
What the job involves
- You will help drive high-profile cross-functional initiatives across the business involving a variety of complex legal and regulatory issues, relating to managing risk for financial and payments products
- You will report to the Assistant General Counsel overseeing product and regulatory matters
- Act as a trusted advisor with deep knowledge and expertise in the rules, laws and regulations related to prepaid, debit, and credit card products, including EFTA/Regulation E, Durbin/Regulation II, FCRA, TILA/Regulation Z and card network rules
- Monitor and conduct analyses of new regulations in the payments/financial services space to assess their applicability to our payments/financial services products and help build out and enhance our regulation change management process
- Advise on payment laws, financial services regulations, consumer protection, and enforcement actions for existing products and new features, including but not limited to the development, launch, and maintenance of card products, compliance with advertising and marketing requirements, disputes processing, account servicing, and disclosure requirements
- Assess legal risks, recommend mitigation strategies, and provide legal advice to cross functional stakeholders (product, engineering, risk teams, go to market, etc.) in connection with maintaining integrity of the financial platform
- Lead cross functional efforts to develop an approach for engagement with regulators, bank partners, and customers for key financial regulatory areas impacting our products
- Collaborate with and manage outside legal counsel
- Be a team player and self-starter with drive and initiative
- Have high integrity and great judgment while working across the organization
- Your Manager : Andrew Marsh - Assistant General Counsel, Product and Regulator
Application process
- Application submission
- Recruiter phone call
- Hiring manager video call
- Virtual “Onsite” consisting of 4-5, 45 min calls
- Offer!
Our take
Marqeta processes payments quickly, offering businesses a more straightforward way to take customer payments with its physical and virtual card solutions. The company has a string of major companies utilizing its flexible and scalable platform, including Uber, Doordash and Square.
The company is rapidly expanding in Europe, with strong growth in processing volumes and new partnerships, including major collaborations with firms like Trade Republic. It also partnered with Visa and Affirm to introduce the Visa Flexible Credential, allowing users to access multiple payment methods on one card.
With a focus on global growth and delivering innovative financial services, Marqeta is targeting new verticals and supporting underbanked businesses. With this aim, the company is on its way to deepening its impact in the fintech space and driving further innovation in payments.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 9 rounds)
May 2020
$150m
LATE VC
May 2019
$250m
SERIES E
Total funding: $542.5m
Company benefits
- Praise: We believe in generously recognizing each other’s talents and contributions, and sharing the goodness we see
- Health and wellness: We cover your premiums for health, dental, and vision. Plus, your pet gets his/her/its own insurance, on us
- Flexible time off: We take time to relax and recharge when needed. We have unlimited time off for most employees and encourage an average of 5 weeks per year
- Marqeta paid family leave: We support all families. We offer 12 weeks of paid leave for all new parents and up to 20 for birthing parents. We also offer 4 weeks of caregiving leave
- 401k match: We invest in your future. We’ll match 50% of your contribution and up to 6% of your salary
- Meaningful equity: As owners of the company, we’re all in this together. Full-time employees will receive equity in Marqeta
- Giving back: We recognize we’re part of a larger community and encourage employees to donate their time and expertise to organizations they support
- Monthly stipend: You’ll get an additional monthly stipend on your paycheck to help fund your daily commute, cell phone, and/or internet connectivity
- Stock discount: The Employee Stock Purchase Program allows employees to buy discounted company stock
Company HQ
Northgate - Waverly, Oakland, CA
Leadership
Jason Gardner
(Founder & Board Member)Having studied at Arizona State University, worked in Management for Benettar Marble & Granite, NetManage and Gartner Group. Then founded PropertyBridge and spent 2 years at MoneyGram before founding Marqeta as CEO in 2010.
Mike Milotich
(CEO)Spent a decade at VISA, ultimately serving as SVP (Head of Corporate Finance and Investor Relations). Was also Commercial Analytics Lead for PayPal and a Senior Financial Analyst at Barclays Global Investors.
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