MasterCard Senior Counsel, Regulatory Affairs, Asia Pacific - New Payment Products in Singapore
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.
Senior Counsel, Regulatory Affairs, Asia Pacific - New Payment Products
Mastercard’s Global Regulatory Team is looking for a senior counsel to play an important role in its Regulatory Affairs function in Asia/Pacific. This role will involve work that concerns all of the markets in Mastercard’s Asia/Pacific Region and will report to the Vice President, Regulatory Affairs, Asia/Pacific. The role has specific focus on what Mastercard calls its New Payments Products. This means working closely with product specialists within the Mastercard group to deliver solutions involving the transfer of money using Mastercard group assets for transactions that go beyond traditional purchases of goods/services at point of sale or online but address account-to-account flows such as Government to consumer and business to consumer disbursements, push payments (including QR initiated), remittances and business payments.
The successful candidate will be part of a global group of legal and regulatory compliance specialists who between them cover Mastercard’s regulatory affairs in 210+ countries and territories under the leadership of Mastercard’s General Counsel, Regulatory Affairs.
Essential responsibilities in this role include:
• Acting as regulatory counsel to Mastercard’s New Payments Products group in Asia/Pacific including advising on regulation across Asia/Pacific relevant to money transfers between accounts, both domestic and international.
• Being a core team member and regional lead within the part of Mastercard’s Global Regulatory Team dealing with New Payments Products group matters including liaising with colleagues in the US, Europe, Middle East and Africa and beyond.
• Supporting corporate reorganization of relevant Mastercard assets.
• Providing related support to Mastercard’s Franchise and Anti-Money Laundering groups.
• Being the Regulatory point of contact and provide regulatory and risk advice as part of relevant product innovation processes in Asia/Pacific including new market entry.
• 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 across Asia/Pacific.
• Providing regulatory advice and guidance in respect of those markets where Mastercard’s money transfer activity is licensed including as to applications for new licenses, supervisory matters, compliance, examinations and systems of control related to compliance with licensing requirements.
• Advocacy including coordinating and drafting submissions, talking points and other materials as part of advocacy processes.
• Building out and maintaining strong relationships with key regulators.
• Supporting the integration of relevant acquired businesses with reference to their direct regulation and Mastercard’s interests as shareholder.
• Managing outside counsel on relevant regulatory matters.
• Working in close collaboration with the Asia Pacific Product, Business Development, Public Policy and other groups.
• Being a contributor to the broader activity of:
o Mastercard’s Global Regulatory Team under the supervision and direction the Vice President, Regulatory Affairs, Asia/Pacific
o Mastercard’s Law, Franchise and Integrity team under the supervision and direction of the Mastercard Asia/Pacific General Counsel
All About You
The successful candidate must have the following knowledge, skills and experience:
• Graduate of an established and reputable university, a law degree complemented with a Masters (LLM) in commercial or international law being preferred.
• Track record of success in legal practice in fields drawn from regulation, technology, finance, corporate, commercial and anti-trust at an international law firm, Central Bank and/or regulator.
• Experience of regulatory affairs in a financial services or payments organization and knowledge of payment system regulation in Asia/Pacific markets.
• Experience of multi-national organizations and a track record that includes operating effectively within a diverse multicultural organization with the highest standards of personal integrity.
• Excellent written and oral communication skills in English and preferably at least one other Asian language.
• Must demonstrate a proactive, time sensitive, results driven approach in carrying out all responsibilities.
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.
Due to COVID-19, most of our employees are working from home. We’ve implemented a virtual hiring process and continue to interview candidates by phone or video and are onboarding new hires remotely. We value the safety of each member of our community because we know we’re all in this together.
Mastercard is an inclusive Equal Employment 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.
If you require accommodations or assistance to complete the online application process, please contact firstname.lastname@example.org 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.
Requisition ID: R-120193