Mastercard Job - 39439948 | CareerArc
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Company: Mastercard
Location: England, United Kingdom
Career Level: Mid-Senior Level
Industries: Banking, Insurance, Financial Services


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. 

Job Title

Senior Legal CounselOverview
Mastercard's new Cross-Border Services team (CBS) is driving innovation and growth to meet today's demands for simple, certain, and secure international payments. CBS is a portfolio of legacy integrated assets and capabilities (the majority coming from recent acquisitions) designed to service key verticals and multiple payment experiences. Through a single connection, we enable partners the ability to reach a variety of endpoints - account, card, mobile wallet, or cash payout - nearly anywhere in the world. CBS is seeking an experienced lawyer to join the Global New Payment Platforms legal team, supporting the Cross-Border Services business in Europe, at an exciting time for the development of Mastercard's multi-rail strategy globally.

The role will initially involve providing day-to-day legal support primarily to the HomeSend joint venture business in Belgium. As HomeSend fully integrates, the role will expand to also support other existing elements of the Cross-Border Services business in Europe (including its licensed UK entity, as well as existing elements of Mastercard's Send Cross-Border business). There may also be a requirement to work collaboratively with (and from time to time support) Mastercard's new regulated shared services business (Mastercard Transaction Services), as it builds out and diverges from Mastercard's legacy cross-border assets and services.

The role requires extensive experience as a commercial lawyer, as well strong commercial knowledge and experience in the financial services and/or payments (preferably cross-border payments) space. Experience related to critical outsourcing requirements for regulated payments businesses in Europe, would also be a distinct advantage. The role will act primarily as an advisor for Sales and Product clients by partnering with the business specialists to deliver on commercial objectives and strategy. Day-to-day work will include contract drafting and negotiation, assisting with contract disputes, supporting on regulatory and compliance assessments, and risk analysis. Some strategic support and advice may also be required from time to time to the senior management team (including at Board of Directors level), including relation to corporate law and governance requirements relating to the legacy joint venture in Belgium (with support from local external Counsel).

This full-time role will report initially into the Senior Counsel (Mastercard Transaction Services) in the New Payment Platforms legal team based in London, to ensure continuity over support to the HomeSend business. However as HomeSend integrates fully into Mastercard's Cross-Border Services business, and the role expands to become a support role for Cross Border Services in Europe, the reporting line will move to the Senior Managing Counsel (global Cross Border Services), based in New York.

As part of the Cross Border Services (and broader New Payments Platforms) legal team, you may be expected to support on other team requirements, as they arise from time to time.

The key core responsibilities for the role include:
• Autonomously structuring, drafting, reviewing, and negotiating a wide range of customer and partner contracts (including complex customer and technology agreements) to drive origination services and help build out the receive-side network.
• Providing initial support on Supplier contracts and arrangements for the HomeSend business (including supporting the transition of those Supplier arrangements into Mastercard's Supplier management processes and systems, following the acquisition).
• Supporting on the contract elements of regulatory updates needed to HomeSend's Supplier contracts and arrangements (including arising from the EBA's updated outsourcing guidelines).
• Providing ancillary support as needed to the integration team, as they manage the post-acquisition integration of HomeSend into Mastercard.
• Collaborating with in-house and external specialists (including Regulatory, Compliance, Data Privacy, and Intellectual Property) to identify relevant issues, help the business effectively navigate legal risks, and implement appropriate controls.
• Training and educating clients on processes, risks, and the current legal landscape.
• Ensuring products and services comply with Mastercard's corporate policies, such as the contracts policy, anti-bribery and anti-corruption and third party onboarding.
• Identifying needed process improvements and efficiencies; owning and executing solutions to support our transformation strategy. Streamlining processes to increase ease of doing business.
• Taking responsibility for special projects while continuing to handle a steady stream of day-to-day matters.
• Managing external counsel within budget.
• Some business travel may be expected (once Covid-restrictions have eased)

All About You
• Qualified lawyer (UK or Belgian law) with post-qualified commercial law experience, preferably including both law firm and in-house work experience. Familiarity with laws and regulations in the regulated payments space (in particular cross-border payments), as well as critical outsourcing requirements for regulated businesses in Europe, will be highly desirable.
• Fluency in English essential, fluency or working knowledge in French highly desirable.
• Able to work independently as well as collaboratively, spot issues, prioritize, and multi-task effectively in a fast-paced environment.
• Keen business insight and strong communication skills to interact confidently and effectively with internal clients, Mastercard customers, and colleagues.
• Strong drafting and negotiating skills with the ability to understand and simplify complex concepts, issues, technologies, and deal structures.
• Solutions-orientated, stress-resistant and able to work flexibly (often against tight deadlines), with a “can-do” attitude.
• An interest in developing a career in payments beyond solely the traditional cards space (account-to-account, real-time payments etc.)

Due to COVID-19, most of our employees are working from home. We've implemented a virtual hiring process and continue to interview candidates by phone or video and are onboarding new hires remotely. We value the safety of each member of our community because we know we're all in this together.

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.​

If you require accommodations or assistance to complete the online application process, please contact and identify the type of accommodation or assistance you are requesting.  Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.

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