Description
Our Purpose
We work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results.
Title and Summary
Senior Counsel, Open Banking & API Who is Mastercard?Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible.
We help our clients leverage rich messaging functionality and applications to capture business and consumer payment flows both domestically and cross-border; offer solutions to connect, enable, and safeguard the Open Banking ecosystem, and protect banks and their customers from financial crime. All this is supported by account-based data insights and consulting to help our clients optimise their payment strategies across the world. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better results.
Position
Senior Counsel, Product & Services legal
Location
London, UK. As our team supports the business globally, the role will require some travel and ability to support other time zones.
Overview
We are looking for an experienced lawyer to join our legal team, providing support and advice to the global Open Banking and Open API team, with a particular focus on European and international development of open banking products and solutions.
The ideal candidate is highly motivated, intellectually curious and analytical, dedicated to delivering strategic and hands-on legal support and partnership to develop the next generation of Mastercard product solutions, whilst ensuring that we remain compliant with laws and regulatory requirements, as well as industry best practices.
Role
This role handles legal product development and support matters for the business on a day-to-day basis, identifying and analysing relevant issues and helping the business effectively navigate legal and regulatory risks and implement appropriate controls, policies and processes. You will:
• Focus on legal support for the strategic development and daily operations of Mastercard's global Open Banking and Open API product solutions and services
o ensuring alignment and compliance of products and services with Mastercard's policies, procedures and processes and with European and global regulatory and commercial laws;
o covering a broad range of commercial and contractual matters, including partnerships and referral arrangements, product and marketing legal review, non-disclosure agreements and bid process support; and
o drafting templates and reviewing contracts and manage complex contract negotiations with customers, partners and key suppliers
• Instruct and manage external counsel within agreed policy and budget
• Develop strong relationships with partners across product development, engineering, business strategy, sales and senior management within Mastercard's business
• Work in close collaboration with external and internal specialists (including Franchise, regulatory, data privacy and intellectual property counsel and compliance teams)
• Provide training as appropriate to legal, franchise, sales and product colleagues
Please note that roles within Mastercard evolve with the needs of the business and department. Therefore, the above is a guideline and by no means comprehensive.
All About You
• Qualified Lawyer, licensed to practice in England, with a strong academic background.
• Analytical Skills: Ability to identify core legal issues and explain technical problems clearly.
• Commercial and Technology Law: Experience with commercial contracting and technology law.
• Product Development Support: Experience in supporting new product development, even if in a different industry, considered a strong asset.
• Other Technical Knowledge: Working knowledge of data privacy and intellectual property issues.
• Communication Skills: Strong drafting, writing, oral communication, and negotiating skills, with ability to communicate your vision and roadmap effectively to a variety of stakeholders.
• Interpersonal Skills: Proven experience in relationship building and partnering.
• Adaptability and Solution-Oriented: Comfortable working collaboratively or individually and flexibly under pressure, with excellent time management, planning, and organizational skills.
• Business Acumen: Ability to quickly understand and maintain knowledge of complex products, services, and legal frameworks.
• Interest in Payments and Financial Services: Interest in financial services and payment technologies; experience in this space is a plus.
• Multinational Experience: Experience as an in-house lawyer in a multinational company is desirable but not essential.
If you are a proactive legal professional looking to make an impact in a dynamic environment, we would love to hear from you!
Corporate Security Responsibility
All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:
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.
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