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

Regulatory Counsel

Who is Mastercard?
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.

The Role:

Mastercard’s Global Regulatory Team is looking for a Regulatory Counsel to support our Commercial and New Payments Flows business to deliver innovative solutions that go beyond traditional purchases of goods/services at point of sale. The successful candidate for this global role must be well-versed on the regulations that apply to commercial and business payments, domestic and cross-border card-based or account-to-account flows, push payments, remittances and will enjoy working on multiple, fast-paced innovative projects and will have strong communication and interpersonal skills, familiarity with emerging trends in the relevant regulatory environment and the payments ecosystem, and sharp critical and strategic thinking skills.

As part of the interview process, candidates will be required to demonstrate high-order analytical skills and undergo a written test.

This position will be based in Mastercard’s office in either Mumbai, India or Kuala Lumpur, Malaysia.

Essential responsibilities in this role include:

• Act as regulatory counsel to Mastercard’s Commercial and New Payments Flows group in assigned markets in Asia Pacific, including advising on relevant regulations applicable to commercial and business payments, card based and non-card based money transfers, both domestic and international
• Participate in the development and execution of regulatory strategy and the product development process to ensure compliance with applicable regulations and licensing requirements
• Work closely with global and regional Mastercard regulatory and product counsel to provide advice as to applications for new licenses, supervisory matters, compliance, examinations and systems of control related to compliance with licensing requirements
• Monitor relevant regulatory changes and working in close coordination with internal stakeholders in determining the impact of regulatory changes
• Build and maintain a strong working knowledge of laws and regulatory themes relating to payments, money transfer, e-commerce, banking/ financial services, and domestic/international payment schemes
• Please note that this job description is not exhaustive, and the successful candidate may be required to undertake additional duties from time to time to ensure the smooth support of the business.

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 regulation, technology, finance and payments at a global company, fintech or an international law firm

• Deep expertise in payments regulation, particularly related to payment systems, domestic and cross-border card based and non card based funds transfers with experience in a regulatory affairs and/or product counsel role in a financial services, payments organization or international law firm

• Analyze legal issues related to statutory and regulatory risks/compliances and providing advisories/recommendations to business teams

• Proven success in navigating multi-national organizations and operating effectively within a diverse multicultural organization with excellent written/verbal communication skills and experience communicating with a diverse audience is a must

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

• Experience working across multiple jurisdictions and time zones is a strong plus

• Positive, flexible team player committed to Mastercard’s values of decency, inclusion, and innovation and willing to take on responsibilities that support the legal team, region, and Company

• Why Join Us?

• Work on products that impact millions globally

• Collaborate with diverse teams across regions

• Be part of a culture that values innovation, inclusion, and growth

• Access continuous learning and development opportunities to advance your career

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.

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.