Description
Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Title and Summary
Manager, Regulatory Counsel 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.
The Role
Mastercard's Global Regulatory Team is looking for a Counsel to support product specialists to deliver solutions involving the transfer of money for transactions that go beyond point of sale. The ideal candidate for this global role is an expert on the regulations and scheme rules that apply to domestic funds transfers / real-time payments in Mexico, with experience in other markets in Latin America considered a plus.
Essential responsibilities in this role include:
• Acting as primary regulatory counsel to relevant Mastercard product teams, principally within and across solutions supported by Arcus, a licensed electronic payment funds institution, which includes advising on product implications of relevant regulations applicable to real-time payments and other funds transfers.
• Participating in the development and execution of regulatory strategy associated with money transfer activities
• Participating in the product development process to ensure compliance with applicable regulation and licensing requirements
•Working closely with regulatory colleagues across the broader Latin America region to align on Mexico strategy across the organization as a whole
• Working cross-functionally with multiple business areas including Product Legal, Compliance, Risk, Privacy and Product to provide advice as to applications for new licenses, supervisory matters, compliance, examinations and systems of control related to compliance with regulatory requirements.
•Developing global insights to be provided to Executive Management on the regulatory implications of these strategic initiatives
• Reviewing and analyzing regulatory advice for advancing these strategic initiatives
• Monitoring relevant regulatory change and working closely with internal stakeholders in determining the impact of regulatory changes.
• Building and maintaining a strong working knowledge of laws and regulatory themes relating to real-time payments, money transfer, data sovereignty, domestic payment schemes and anti-money laundering.
• Participating in advocacy efforts, 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
• Proven expertise in real-time payments, domestic payment schemes, and other areas of regulation applicable to money transmission payments in Mexico (required) and other markets in Latin America (preferred), including expertise in SPEI and fintech regulations.
• 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
• Experience in a regulatory affairs and/or product counsel role in a financial services or payments organization
• 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
• Fluency in English and Spanish, excellent written and oral communication skills a must.
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.
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