Description
Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions 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, Regulatory 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. 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. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
Mastercard's Global Regulatory Organization is seeking a Senior Counsel to lead and deliver regulatory support for Mastercard's Commercial and New Payments Flows (CNPF) division for the Eastern Europe, Middle East & Africa (EEMEA) region. This role focuses on delivering strategic and tactical regulatory advice on products and strategy involving money transfers that extend beyond traditional point-of-sale transactions. The ideal candidate will be an expert in regulations governing domestic and cross-border card-based or account-to-account flows, particularly G2C or B2C disbursements, push payments (including QR initiated), remittances, and business payments. Experience advising on commercial B2B payments and on digital assets in payments a plus.
Role:
- Serve as lead regulatory counsel for Mastercard's CNPF division in the EEMEA region, advising on product implications of relevant regulations for both domestic and international money transfers.
- Participate in the development and execution of regulatory strategies related to money transfer activities.
- Engage in the product development process to ensure compliance with applicable regulations and licensing requirements.
- Develop global insights for Executive Management on the regulatory implications of strategic initiatives.
- Review and analyze regulatory advice to advance strategic initiatives.
- Collaborate with global and regional Mastercard regulatory and product counsel, as well as external counsel, to provide advice on new licenses, supervisory matters, compliance, examinations, and systems of control related to licensing requirements.
- Partner with regional regulatory colleagues to engage with and build positive relationships with regulators.
- Provide support to Mastercard's Franchise and Anti-Money Laundering groups.
- Monitor relevant regulatory changes and work closely with internal stakeholders to determine the impact of these changes.
- Build and maintain a strong working knowledge of laws and regulatory themes related to payments, money transfer, e-commerce, banking/financial services, domestic payment schemes, and anti-money laundering.
- Coordinate and draft submissions, talking points, and other materials as part of advocacy processes.
All About You:
The successful candidate will possess the following knowledge, skills, and experience:
- A law degree from an established and reputable law school.
- A proven track record in legal practice in fields such as regulation, technology, finance, corporate, commercial, and anti-trust at an international law firm or regulator.
- Deep expertise in payments regulation, particularly related to domestic and cross-border funds transfers.
- Experience in a regulatory affairs and/or product counsel role within a financial services or payments organization.
- Proven success in navigating multi-national organizations and operating effectively within a diverse multicultural environment.
- Proven effectiveness as a people leader.
- Experience collaborating with and advising compliance functions.
- A proactive, time-sensitive, results-driven approach to all duties, obligations, and responsibilities.
- Excellent written and oral communication skills, with fluency in English. Fluency in other languages a plus.
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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