Senior Counsel, Mastercard
Franchise, Global Affairs, Compliance & New Customer Types
Office located in Angel Lane, London or Purchase, New York or New York City, New York
Global payments technology company
Open for applications
Global payments technology company
1001+ employees
Open for applications
Office located in Angel Lane, London or Purchase, New York or New York City, New York
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
- The candidate must demonstrate sound business and legal judgment, thrive in a fast-paced environment, with a diverse workload, and have a proven track record of providing pragmatic and proactive legal advice
- Law degree from a top-tier university
- Professional experience in general commercial legal matters in a reputable international law firm and/or as in-house lawyer for a multinational company, preferably in the financial services, banking or technology sector
- Must demonstrate strong leadership skills
- Must have a strategic mindset and be able to effectively discuss with and advise executive level management regarding complex legal matters and challenging situations
- Must be able to contribute and operate effectively within a diverse multicultural organization
- Should have a positive “can-do” attitude, be stress-resistant and ready to go the extra mile, and be willing to take initiative
- Should be team player who is both organizationally savvy and a strong communicator, and is able to collaborate cross-functionally and across regions
- Must be able to work independently
- Must be thorough, meticulous and detail-oriented, but nevertheless able to prioritize and focus on the most important matters rather than just the urgent ones
- Should exercise good commercial judgement, be solutions-oriented and have a creative approach to problem-solving
- Must be experienced with technology and have a strong interest in financial technology and information security issues, blockchain and artificial intelligence
- Must have experience demonstrating substantive knowledge of, and ability to navigate issues that touch on, multiple areas of law, such as technology, privacy, security, commercial/transactional, regulatory, and competition law
- Be able to think outside the box, and thrive in an environment where we expect the unexpected
What the job involves
- Franchise is core to all Mastercard business: we enable our business by licensing our customers, registering third parties in the payments ecosystem, and creating, modifying, and enforcing standards that govern participation in the system
- Franchise enables business growth and value-creating interactions through a dynamic platform which provides ongoing trust and confidence in the evolving payments and data driven ecosystem
- The candidate will have the ability to think and act both strategically and tactically with respect to the needs of business clients and their objectives while ensuring that the corporation remains compliant with all applicable laws and regulations
- We also manage the integrity of our ecosystem by monitoring the activity of our customers through multiple performance programs
- The Senior Counsel will provide support to the Global Lead Counsel, who has overall responsibility for providing legal expertise and guidance supporting the following Franchise business units which are based both in the center and across the Mastercard regions
- This includes: Franchise Growth & Enablement; Franchise Innovation; Franchise Customer Engagement and Performance; Dispute Resolution Management, Franchise Architecture & Standards, and Franchise Services, as well as Global Affairs, Compliance and New Customer Types (primarily corporations, governments and merchants)
- Provide legal support for review of new Mastercard Standards (e.g. Standard Review Board items, bulletins, announcements, product/services mandates) and variance requests
- Provide legal guidance with respect to additional use cases of Mastercard’s standards/requirements (e.g. rules interpretation/compliance, modifications to existing rules, creation of new rules, etc.)
- Understand the effects of regulation on our Franchise and how the rules have evolved to manage the effects while maintaining a globally interoperable system
- Provide legal support for Franchise Service engagements
- Support for the licensing/customer onboarding process and additional use cases
- Provide legal support for customer non-compliance and enforcement issues
- Provide legal support for Franchise Innovation engagements (e.g. open banking, CBDC/cryptocurrency/blockchain use cases.)
- Serving as the Franchise liaison in working with legal colleagues throughout the company (e.g. product, sales, regulatory, litigation, etc.)
- Draft and negotiate a wide range of contracts (including complex technology agreements, and licensing and service agreements) in furtherance of Mastercard’s products and solutions
- Work with Franchise Regional Leads in providing guidance for defining standards, requirements and outcomes and ensure regional/global strategic alignment of new and existing rules and strategies to drive long-term business growth and preserve the value and integrity of Mastercard's brand
- Partner across the organization to shape and launch innovative products and solutions globally that differentiate Mastercard and meet our customers’ and cardholders’ rapidly changing needs
- Provide some legal support to Global Affairs, Compliance and new customer types
- Other general support for Franchise Global Lead Counsel
Application process
- End Date: December 20, 2024
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
- Pension plan 🇬🇧
- 25 days holiday (excl. bank holidays) 🇬🇧
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.
Share this job
View 144 more jobs at Mastercard