Senior Counsel, Mastercard
Commercial Solutions (Healthcare Product)
Global payments technology company
Job no longer available
Global payments technology company
1001+ employees
Job no longer available
1001+ employees
Company mission
To connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible.
Role
Who you are
- Qualified lawyer with a solid academic and training background, with at least 7 years of experience, licensed to practice in the relevant jurisdiction
- 3+ years in the pharmaceutical, biotech or healthcare industry, or at a law firm supporting those industries, including experience in privacy law (HIPAA, WHMDA and similar state health privacy laws) and commercial/medical-related matters. Experience with health regulatory compliance strongly preferred. An interest to expand knowledge base beyond healthcare
- Experience reviewing and advising on the development of external facing marketing, user content, and user experiences
- Able to work independently and collaboratively, spot issues, prioritize and multi-task effectively in a fast-paced sales environment
- Keen business insight and strong communication skills to interact confidently and effectively with internal clients, Mastercard customers and law and policy colleagues, including senior management and Mastercard executives
- Complex transactional legal experience at a reputable law firm or as an in-house counsel
- Strong drafting and negotiating skills with the ability to understand and simplify complex concepts, issues and deal structures
- A team player, willing to take on responsibilities and roles that support the team, department, region and the company
- Considered favorably: Candidates with in-house work experience, those with familiarity of law/regulations in the banking and payments space, those with experience in pharmaceuticals
- JD or equivalent from an accredited law school; admitted to and in good standing with the NY bar
What the job involves
- Mastercard is seeking an experienced attorney to be responsible for providing comprehensive, end-to-end, strategic support to our global Commercial and New Payment Flows business, with a focus on development and commercialization of new products and Services for healthcare payments
- Mastercard’s Commercial and New Payment Flows business is responsible for building and commercializing products and services to reduce complexity, cut costs and automate processes in the B2B, healthcare, and travel payments ecosystems. The team is also tasked to grow Mastercard’s market share in Corporate, Small Business, and Travel and Entertainment cards
- The Commercial and New Payment Flows team builds relationships within the merchant community to expand acceptance and drive revenue and supports our co-brand, commercial, and public sector customers as well as our acquirers and processors
- The scope of work will include contract drafting and negotiation; product development; regulatory, privacy, and compliance assessments; risk analysis; and support of the development and distribution of Commercial and SME Solutions offerings, particularly those supporting our healthcare vertical (including drafting and negotiating contracts, assessing privacy implications, and legal risk management related to B2B payment automation)
- Acting as a day-to-day advisor for our sales clients by partnering with the business and legal specialists to deliver on strategy, including expanding Mastercard acceptance; and securing Mastercard’s share with merchants, acquirers, prepaid program managers, issuers and digital partners
- Advising business on a wide range of commercial and contractual matters including legal and business risk assessment; and analysis on diverse matters from new product constructs to emerging law to commercial agreements
- Collaborating with internal subject matter experts to better understand and be able to advise holistically on our products and relevant regulatory, compliance, privacy, and antitrust issues
- Providing support to the Commercial Solutions business development teams to support product sales initiatives
- Autonomously structuring, drafting, reviewing, and negotiating complex customer agreements, including identifying legal and business risks and recommending solutions
- Engaging on strategic relationships and partnership agreements with our digital partners
- Training and educating clients on processes, risks, changes in laws and regulations and the regulatory landscape of different regions on an ongoing basis
- Partnering with regional compliance leads to ensure products and services comply with corporate policies, such as gifts and hospitality, anti-bribery and anti-corruption and third party on-boarding
- Identifying needed process improvements and efficiencies; owning and executing solutions to support our transformation strategy and driving towards streamlining processes to increase ease of doing business
Our take
Mastercard is in the global payments business, and operates the world's fastest payments processing network. Its products and solutions have become central to everyday commerce across the world, in activities ranging from shopping and travelling to running businesses.
As the economy has become more and more digitised, Mastercard has been a leading player in helping businesses and individuals across the globe embrace card payments and digital banking. One of the world's largest companies, its revenue has seen consistent gain in the last 20 years.
The challenge for modern payments companies is that payments are always changing, as seen in the astronomical rise of contactless payments over the last decade. Mastercard's acquisition of blockchain systems, and an overall focus on leveraging its technology towards a digital economy, has placed the company in good stead to keep up to date with current trends, like cryptocurrency, in the digitised payments world.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Gym membership
- Share purchase options
- Extra holiday purchase optional
- Work from home opportunities
- Health insurance
Company values
- Trust - integrity, respect, openness
- Agility - urgency and value through innovation
- Partnership - working as one team for the benefit of all
- Initiative - taking bold and thoughtful actions
Company HQ
Purchase, Harrison, NY
Articles
Leadership
Michael Miebach
(CEO, not founder)Has served in a variety of roles at the company, including President and CPO. Currently Board Member at IBM, Accion, the World Resources Institute, the US-India Strategic Partnership Forum, and the Metropolitan Opera. They are also a Trustee of USCIB.
People progressing
Joined as VP in 2008, promoted 4 times in 11 years to their current position of Executive Vice President.
Salary benchmarks
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