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MasterCard Senior Counsel, Regulatory Affairs in Johannesburg, South Africa

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 (https://www.mastercard.us/en-us/vision/who-we-are/diversity-inclusion.html) 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 Counsel, Regulatory Affairs

Who is Mastercard?

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.

Mastercard’s Global Regulatory Team is looking for a Senior Counsel to support product specialists driving our multi-rail strategy to deliver solutions involving the transfer of money for transactions that go beyond traditional purchases of goods/services at point of sale. The ideal candidate for this global role is an expert on the regulations that apply to domestic and cross-border card-based or account-to-account flows, particularly G2C or B2C disbursements, push payments (including QR initiated), remittances and business payments.

Essential responsibilities in this role include:

• Acting as regulatory counsel to our product teams in the Sub Sahara and Middle East & North Africa Divisions of the Eastern Europe Middle East and Africa region, including advising on product implications of relevant regulation applicable to money transfers, both domestic and international.

• Participate in the development and execution of regulatory strategy associated with our push payments activities

• Participate in the product development process to ensure compliance with applicable regulation and licensing requirements

• Developing global insights to be provided to Executive Management on the regulatory implications of these strategic initiatives

• Review and analyze regulatory advice for advancing these strategic initiatives

• Work closely with global and regional Mastercard regulatory and product counsel, as well as external counsel, to provide advice as to applications for new licenses, supervisory matters, compliance, examinations and systems of control related to compliance with licensing requirements.

• Providing related support to Mastercard’s Franchise and Anti-Money Laundering groups.

• Monitoring for relevant regulatory change and working in close coordination with internal stakeholders in determining the impact of regulatory changes.

• Building and maintaining a strong working knowledge of laws and regulatory themes relating to payments, money transfer, e-commerce, banking/ financial services, data sovereignty, domestic payment schemes and anti-money laundering.

• Advocacy including coordinating and drafting submissions, talking points and other materials as part of advocacy processes.

All About You

The successful candidate must have the following knowledge, skills and experience:

• Law degree from an established and reputable law school

• Track record of success in legal practice in fields drawn from regulation, technology, finance, corporate, commercial and anti-trust at an international law firm or regulator

• Deep expertise in payments regulation, particularly related to domestic and cross-border funds transfers

• Proven success in navigating multi-national organizations and operating effectively within a diverse multicultural organization

• Must demonstrate a proactive, time sensitive, results driven approach in carrying out all duties, obligations and responsibilities

• Excellent written and oral communication skills a must.

COVID-19 Considerations

We value the safety of each member of our community because we know we’re all in this together. In many locations, which may change over time, we’ve implemented a virtual hiring process and continue to interview candidates by video or phone. In addition, in some locations, only individuals who have been fully vaccinated will be permitted inside Mastercard offices until further notice.

In the US, Mastercard is a government contractor, which may legally require most Mastercard employees to be vaccinated unless a verified approved medical or religious exemption is granted. Further, we are currently making every effort towards having employees return to work in the office 2 days per week, if that makes sense for their team. Everyone must be vaccinated to enter Mastercard offices at this time. Therefore, we expect all candidates to be vaccinated or to be approved for a medical or religious accommodation prior to commencing work at Mastercard.

Corporate Security Responsibility

All 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, and

  • Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.

Requisition ID: R-163317

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