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Senior Counsel

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Mastercard

1mo ago

  • Job
    Full-time
    Senior Level
  • Legal
  • London
  • Quick Apply

AI generated summary

  • You should possess extensive legal experience, strong analytical skills, and expertise in corporate law, compliance, and regulatory matters relevant to the payments industry.
  • You will provide legal guidance, manage compliance issues, draft contracts, support regulatory matters, and collaborate with teams to mitigate risks and drive strategic initiatives.

Requirements

  • Qualified Lawyer 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.

Responsibilities

  • 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
  • Ensuring alignment and compliance of products and services with Mastercard’s policies, procedures and processes and with European and global regulatory and commercial laws;
  • 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
  • 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

FAQs

What is the primary purpose of the Senior Counsel position at Mastercard?

The primary purpose of the Senior Counsel position is to provide legal support and advice to the global Open Banking and Open API team, focusing on the European and international development of open banking products and solutions, while ensuring compliance with laws, regulatory requirements, and industry best practices.

What qualifications are required for the Senior Counsel role?

Candidates must be a qualified lawyer with a strong academic background, possess analytical skills for identifying legal issues, and have experience in commercial contracting and technology law. Experience in product development support and knowledge of data privacy and intellectual property issues are also valuable.

What type of experience is preferred for applicants to the Senior Counsel position?

Preferred experience includes supporting new product development (even if in a different industry), experience as an in-house lawyer in a multinational company, and an interest in financial services and payment technologies.

What are the main responsibilities of the Senior Counsel?

The main responsibilities include legal support for Mastercard’s Open Banking and Open API products, ensuring compliance with relevant laws, handling commercial and contractual matters, managing external counsel, developing relationships with internal teams, and providing training as needed.

Where is the Senior Counsel position located, and does it require travel?

The position is based in London, UK, and it requires some travel to support business operations in other time zones.

How does Mastercard define its corporate culture?

Mastercard emphasizes a culture of inclusion that respects individual strengths, views, and experiences, believing that diversity drives better decisions, innovation, and business results.

What skills are essential for the Senior Counsel role?

Essential skills include strong drafting and communication abilities, relationship-building and interpersonal skills, adaptability and problem-solving capabilities, business acumen, and the ability to work collaboratively or independently under pressure.

What is the significance of corporate security responsibility in this role?

Corporate security responsibility is critical, as every employee, including the Senior Counsel, must abide by Mastercard's security policies to protect the organization's assets and information, ensuring confidentiality and integrity, and reporting any suspected security breaches.

Can experience in a different industry be advantageous for this role?

Yes, experience in supporting new product development, even if in a different industry, is considered a strong asset for the Senior Counsel position.

What types of legal matters does the Senior Counsel handle?

The Senior Counsel handles a broad range of legal matters including partnerships and referral arrangements, product and marketing legal review, non-disclosure agreements, and complex contract negotiations with customers, partners, and suppliers.

Mastercard

Connecting Everyone to Priceless Possibilities

Consulting
Industry
10,001+
Employees
1966
Founded Year

Mission & Purpose

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.