Senior Counsel, Mastercard
Open Banking
$163-313k
Salary dependent on location
Global payments technology company
Open for applications
Global payments technology company
1001+ employees
Open for applications
$163-313k
Salary dependent on location
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
- US qualified lawyer with solid transactional training and experience (preferably including both law firm and in-house work experience)
- Experience with product development and open banking or other regulated products is a specific plus
- Strong drafting and negotiating skills with the ability to understand and simplify complex concepts, issues, technologies, and deal structures
- Keen business insight and strong communication skills to interact confidently and effectively
- Fast learner who can gain rapid familiarity with complex and evolving products and solutions and navigate complex legal and regulatory challenges
- Thorough and detail-oriented, able to prioritize, and juggle multiple projects and demands
- Team player and willing to take on a variety of responsibilities and roles that support the team, department and the company
- Able to work independently and collaboratively, including with our global colleagues, but also take direction from manager and other team members, as appropriate
What the job involves
- Mastercard is searching for a technology and transactional lawyer to provide product development and commercial sales legal support and counsel to the Mastercard Open Banking Americas team
- The role will act as an advisor for Mastercard Open Banking’s product and sales teams by partnering with the business to deliver on commercial objectives and strategy
- The role will report to the Vice President for the Mastercard Open Banking Americas legal team
- Provide legal and business risk assessment and analysis on matters including new product constructs, sales agreements and go-to-market strategies related to Mastercard’s open banking products in the Americas
- Advise from the concept through development to launch stage and beyond of various solutions and services
- Structure, draft, review, and negotiate a wide range of contracts with various partners in the open banking ecosystem
- Provide legal advice to the business on a wide range of commercial and contractual matters
- Collaborate with product and legal teams (including regulatory, compliance, and data privacy) to advise holistically on product constructs and commercial agreements to ensure that they are consistent with business strategy, internal policies and procedures and applicable laws and regulations
- Work with internal and external regulatory counsel relating to the impact of local laws, government regulations and directives relating to Mastercard's open banking solutions
- Develop strong relationships with product development, business and sales teams, and senior management within the company
- Ensure compliance with company policies and procedures
- Support initiatives of the open banking team in Americas and globally; provide support to international colleagues as needed
- Take responsibility for special projects while continuing to handle a steady stream of day-to-day matters
- Abide by Mastercard’s security policies and practices
- Ensure the confidentiality and integrity of the information being accessed
- Report any suspected information security violation or breach, and
- Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines
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
21% employee growth in 12 months
Company
Company benefits
- Gym membership
- Share purchase options
- Extra holiday purchase optional
- Work from home opportunities
- Health insurance
Company HQ
Purchase, Harrison, NY
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.
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