Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, weāre helping build aĀ sustainableĀ economy where everyone can prosper. We support a wide range of digital payments choices, making transactionsĀ secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Title and Summary
Senior Counsel - Commercial and New Payment Flows - Acceptance
Who is Mastercard?
We are the global technology company behind the worldās fastest payments processing network. We are a vehicle for commerce, a connection to financial systems for the previously excluded, a technology innovation lab, and the home of PricelessĀ®. We ensure every employee has the opportunity to be a part of something bigger and to change lives. We believe as our company grows, so should you. We believe in connecting everyone to endless, priceless possibilities.
Job Title: Senior Counsel
Overview
ā¢ 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 of new products and Services focused primarily on commercial card acceptance.
ā¢ Mastercardās Commercial and New Payment Flows is responsible for building and commercializing products and services to reduce complexity, cut costs and automate processes in the B2B and travel payments ecosystems. The team is also tasked to grow Mastercardās market share in large market corporates and Travel and Entertainment cards.
ā¢ 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.
Role
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 offerings supporting our acceptance portfolio (including drafting and negotiating contracts, assessing privacy implications, and legal risk management related to B2B payment automation). The Key responsibilities for the role include:
ā¢ 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 commercial card acceptance; and securing Mastercardās share with merchants, acquirers, prepaid program managers, issuers and digital partners.
ā¢ 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 commercial agreements.
ā¢ 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.
ā¢ Providing support to the Commercial Solutions business development teams to support product sales initiatives
ā¢ Autonomously structuring, drafting, reviewing, and negotiating complex customer agreements, including identifying legal and business risks and recommending solutions.
ā¢ Engaging on strategic relationships and partnership agreements with our digital partners.
ā¢ Training and educating clients on processes, risks, changes in laws and regulations and the regulatory landscape of different regions on an ongoing basis.
ā¢ 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.
ā¢ 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.
All About You
ā¢ Qualified lawyer with a solid academic and training background; in-house work experience; familiarity of law / regulation in the banking, remittance and payments space; and licensed to practice in the relevant jurisdiction.
ā¢ Experience reviewing and advising on the development of external facing marketing, user content, and user experiences
ā¢ Able to work independently and collaboratively, spot issues, prioritize and multi-task effectively in a fast-paced sales environment.
ā¢ 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
ā¢ Complex transactional legal experience at a reputable law firm or as an in-house counsel
ā¢ Strong drafting and negotiating skills with the ability to understand and simplify complex concepts, issues, technologies, and deal structures.
ā¢ A team player, willing to take on responsibilities and roles that support the team, department, region and the company.
ā¢ Considered favorably: Candidates with in-house work experience, those with familiarity of law/regulations in the banking and payments space,
ā¢ JD or equivalent from an accredited law school; admitted to and in good standing with the NY bar.
Mastercard is an inclusive Equal Employment Opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law.
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 Mastercardās 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 Mastercardās guidelines.