Senior Counsel, Open Banking
Mastercard
Legal
Posted on Feb 4, 2025
Job Title:
Senior Counsel, Open BankingOverview:
Overview:Mastercard is searching for a technology and transactional lawyer to provide product development and commercial sales legal support and counsel to the Mastercard Open Banking Americas team. The role will act as an advisor for Mastercard Open Banking’s product and sales teams by partnering with the business to deliver on commercial objectives and strategy. The role will report to the Vice President for the Mastercard Open Banking Americas legal team.
Role:
The key responsibilities for the role include:
• 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 the Americas.
• Advise from the concept through development to launch stage and beyond of various solutions and services.
• Structure, draft, review, and negotiate a wide range of contracts with various partners in the open banking ecosystem.
• Provide legal advice to the business on a wide range of commercial and contractual matters.
•Collaborate with product and legal teams (including regulatory, compliance, and data privacy) to advise holistically on product constructs and commercial agreements to ensure that they are consistent with business 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 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 Americas 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.
All About You:
• US qualified lawyer with solid transactional training and experience (preferably including both law firm and in-house work experience).
• Experience with product development and open banking or other regulated products is a specific plus.
• Strong drafting and negotiating skills with the ability to understand and simplify complex concepts, issues, technologies, and deal structures.
• Keen business insight and strong communication skills to interact confidently and effectively.
• Fast learner who can gain rapid familiarity with complex and evolving products and solutions and navigate complex legal and regulatory challenges.
• Thorough and detail-oriented, able to prioritize, and juggle multiple projects and demands.
• Team player and willing to take on a variety of responsibilities and roles that support the team, department and the company.
• Able to work independently and collaboratively, including with our global colleagues, but also take direction from manager and other team members, as appropriate.