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MasterCard Counsel, Products & Innovation in Kuala Lumpur, Malaysia

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

Counsel, Products & Innovation

Who is Mastercard?

Mastercard is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, digital wallet providers, merchants, governments and businesses in more than 210 countries and territories. Mastercard’s products and solutions enable Mastercard’s customers to conduct their transactions, whether in the physical or digital worlds, in a safe, secure and convenient manner.

Overview

Mastercard Asia Pacific legal team is responsible for supporting the Asia Pacific business and negotiating and drafting contracts with customers and key stakeholders, managing issues related to licensing, franchise, marketing and promotions, products and services offerings, regulatory and legal affairs, mergers acquisitions and joint ventures, restructurings, dispute resolutions, and other day-to-day operational issues.

Mastercard’s Products & Innovation team creates great experiences for consumers and businesses across all channels and devices, allowing our customers to enable commerce in ways that were not possible before.

Mastercard is seeking an experienced attorney to join its Asia Pacific legal team to be responsible for providing comprehensive, end-to-end, legal support to the Products & Innovation teams.

The ideal candidate is a technology and payments-minded attorney with extensive product development experience who can manage day-to-day legal support for dynamic technologists. The candidate must demonstrate sound business and legal judgement, thrive in a fast-paced environment, with a diverse workload, and have a proven track record of providing pragmatic and proactive legal advice. The candidate must have extensive experience providing both tactical and strategic legal support to executive level business professionals.

Role

• Responsible for providing strategic legal support to the Products & Innovation team in Asia Pacific, and also responsible for other work, including project based work and pan-region work, which will be assigned.

• Partner with technology, sales, franchise, marketing, communications and others to develop and launch innovative products and solutions that differentiate Mastercard and meet our customers’ and users rapidly changing needs.

• Draft and negotiate a wide range of contracts (including complex technology agreements, strategic partnership agreement, customer and vendor agreements) to drive issuer, merchant acceptance and consumer adoption of product solutions through collaboration with digital technology companies, global telecommunications companies, innovative payments startups, merchants, government and financial institutions.

• Collaborate with in-house and external specialists (including regulatory, AML compliance, data protection, intellectual property and anti-trust counsel) to identify relevant issues and help the business effectively navigate legal risks.

• Instruct and supervise a network of external law firms in assigned countries.

• Deal with jurisdictional and commercial complexities that have an impact on Mastercard's business (accordingly, the nature of the legal function includes a commercial and strategic dimension).

• Assist Mastercard Public Policy and Regulatory teams in their engagements.

• Conduct regional training/monitoring of global Law Department policies and contracts such as contract training.

• Working with global staff when agreements are required for implementation of projects in the Asia Pacific region.

All About You

• Bachelor of Laws or Juris Doctor from an established and reputable law school in a common law jurisdiction.

• Ability to grasp complex new business concepts and develop and implement creative approaches to problems while identifying and balancing risks with results.

• Familiarity with law and regulations in the banking and payments space will be considered favorably.

• Minimum post-qualification experience of 6 years.

• Relevant post-qualification experience in general commercial legal matters in a reputable law firm and an MNC. In-house experience in an MNC is strongly desired.

• Must be able to work independently and as part of a team.

• Must be able to strike a balance between the two principal objectives of being a facilitator to the business and protecting the interests of the company.

• Must be able to contribute and operate effectively within a diverse multicultural organization.

• Quick learner, stress resistant, ability to grasp complex new business concepts, good commercial acumen and creative approach to problem-solving.

• Knowledge of banking or financial services industry: ideally cards, payments, settlement etc.

• Experience in providing legal advice to an organization involved in sponsorship, loyalty rewards, advertising, marketing, promotions, gaming and lotteries, licensing, franchising etc.

• Experience in handling competition law issues.

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-160945

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