- Provide legal and business risk assessment and analysis on matters including new product constructs, sales agreements and go-to-market strategies related to Mastercard's open banking products in North America.
- Manage contractual negotiations with various partners in the open banking ecosystem, including fintechs, financial institutions, merchants, processors, and service providers.
- Provide legal advice to the business on a wide range of commercial and contractual matters.
- Work cross-functionally across product and legal teams (including data privacy, intellectual property, antitrust, regulatory, compliance, and franchise) to advise holistically on product constructs and commercial agreements to ensure that they are consistent with corporate strategy, internal policies and procedures and applicable laws and regulations.
- Work with internal and external regulatory counsel relating to the impact of local laws, government regulations and directives relating to Mastercard's North American open banking solutions.
- Develop strong relationships with product development, business and sales teams, and senior management within the company.
- Ensure compliance with company policies and procedures.
- Support initiatives of the open banking team in North America and globally; provide support to international colleagues as needed.
- Take responsibility for special projects while continuing to handle a steady stream of day-to-day matters.
- Solid transactional training and experience (in-house experience preferred).
- Experience with product development and open banking or other regulated products is a specific plus.
- Fast learner who can gain rapid familiarity with complex and evolving products and solutions and navigate complex legal and regulatory challenges.
- Must be thorough and detail-oriented, able to prioritize, and juggle multiple projects and demands.
- Strong drafting and negotiating skills across a range of complex commercial contracts and the ability to analyze and identify core legal issues.
- JD from accredited law school; licensed to practice law in the US.Mastercard is an inclusive equal 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. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment process, please contact .Do not include any medical or health information in this email.
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Legal Counsel of Banking - Purchase, NY, United States - MasterCard
Description
Our PurposeWe 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.
We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences.Title and SummarySenior Counsel, Open BankingOverview:
Open Banking is a worldwide phenomenon, gathering pace over the recent years and set to transform many aspects of financial services.
Mastercard has built an initial suite of Open Banking Solutions and has acquired Finicity, a leading US open banking data aggregation and analytics company, and Aiia, in Europe, with a vision to expand our footprint globally.
Mastercard is searching for a technology and transactional lawyer to provide product development and commercial sales legal support and counsel to the North American open banking team.
Role:
This full-time role will be part of the global open banking legal team.
Reporting into the Vice President for Mastercard's North American Open Banking legal team, you will provide legal counsel to the product development and commercial business teams.
The selected candidate will:
Abide by Mastercard's security policies and practices;Mastercard benefits for full time (and certain part time) employees generally include: insurance (including medical, prescription drug, dental, vision, disability, life insurance), flexible spending account and health savings account, paid leaves (including 16 weeks new parent leave, up to 20 paid days bereavement leave), 10 annual paid sick days, 10 or more annual paid vacation days based on level, 5 personal days, 10 annual paid U.S.
observed holidays, 401k with a best-in-class company match, deferred compensation for eligible roles, fitness reimbursement or on-site fitness facilities, eligibility for tuition reimbursement, gender-inclusive benefits and many more.
Legal and ComplianceEmployment type:
Full time
