Counsel, Open Banking - Mastercard : Job Details

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. 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.Title and SummaryCounsel, Open BankingOverviewOpen Banking is a worldwide phenomenon, gathering pace over the recent years and set to transform many aspects of financial services (as well as many adjacent industries). 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 commercial sales legal support and counsel to the US open banking team. RoleThis full-time Counsel role will be an integral member of the global open banking legal team, providing legal support for the commercialization of open banking products and services in the U.S. The selected candidate will: • Provide solution-oriented counsel in support of the commercialization and sales efforts of the US open banking team. • Draft and negotiate technology services, partnership, reseller agreements as well as data sharing agreements with financial institutions. •Work cross-functionally across product and legal teams (including data privacy, intellectual property, antitrust, regulatory, compliance, and franchise) on product development and commercialization. • Ensure compliance with company policies and procedures. • Support initiatives of the open banking team in US with potential opportunities to provide support to international colleagues as needed. • Take responsibility for special projects while continuing to handle a steady stream of day-to-day matters. • Assist with the creation of training materials and guides. All About You • Solid transactional training and experience at a reputable law firm, or as an in-house counsel. • Strong drafting and negotiating skills across a range of complex commercial contracts and the ability to analyze and identify core legal issues. • Experience with technology, open banking and/or other regulated solutions is a specific plus. • 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. • Must be 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. • 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 [email protected] 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.Corporate Security ResponsibilityAll 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, andComplete all periodic mandatory security trainings in accordance with Mastercard's guidelines.In line with Mastercard's total compensation philosophy and assuming that the job will be performed in the US, the successful candidate will be offered a competitive base salary based on location, experience and other qualifications for the role and may be eligible for an annual bonus or commissions depending on the role. 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.Pay RangesSalt Lake City, Utah: $131,000 - $210,000 USDO'Fallon, Missouri: $131,000 - $210,000 USDPurchase, New York: $151,000 - $242,000 USDJob SummaryJob number: R-225415Date posted : 2024-11-15Profession: Legal and ComplianceEmployment type: Full time