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Senior Counsel, Open Banking

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Mastercard

6d ago

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

AI generated summary

  • You must be a qualified lawyer in England with strong analytical, commercial, and technology law skills, excellent communication, and business acumen, plus a keen interest in financial services.
  • You will support Open Banking initiatives, ensure legal compliance, manage contracts, develop stakeholder relationships, collaborate with specialists, and provide training to colleagues.

Requirements

  • - Qualified Lawyer, licensed to practice in England, 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.
  • - 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.
  • - Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.

Responsibilities

  • - 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
  • - 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 main purpose of the Senior Counsel, Open Banking position at Mastercard?

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

What qualifications are required for this role?

Candidates must be a qualified lawyer licensed to practice in England with a strong academic background.

What specific areas of law should candidates have experience in?

Candidates should have experience in commercial contracting, technology law, data privacy, and intellectual property issues.

What type of experience is considered a strong asset for this role?

Experience in supporting new product development, even in a different industry, is considered a strong asset.

Will the Senior Counsel be required to manage external legal counsel?

Yes, the Senior Counsel will need to instruct and manage external counsel within agreed policies and budget.

What skills are important for a candidate applying for this position?

Important skills include strong analytical, communication, drafting, and negotiating skills, along with proven experience in relationship building and adaptability.

Is multinational experience as an in-house lawyer preferred?

Yes, while not essential, experience as an in-house lawyer in a multinational company is desirable.

What is the work location for this role?

The work location for this role is London, UK, and will require some travel as the team supports the business globally.

What type of team collaboration will the Senior Counsel engage in?

The Senior Counsel will work in close collaboration with external and internal specialists, including regulatory, data privacy, and intellectual property counsel, as well as compliance teams.

Will there be opportunities for training in this role?

Yes, providing training as appropriate to legal, franchise, sales, and product colleagues is part of the role.

Are there specific expectations regarding information security?

Yes, all employees are expected to abide by Mastercard’s security policies, ensure the confidentiality and integrity of information accessed, report any suspected security violations, and complete all mandatory security training.

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.