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Counsel, Open Banking

AT Mastercard
Mastercard

Counsel, Open Banking

Salt Lake City, UT

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

Counsel, Open Banking

Overview
Open Banking is a worldwide phenomenon, gathering pace over the recent years and set to transform many aspects of financial services (as well as many adjacent industries).

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Mastercard has built an initial suite of Open Banking Solutions and has acquired Finicity, a leading US open banking data aggregation and analytics company, and Aiia, in Europe, with a vision to expand our footprint globally.
Mastercard is searching for a technology and transactional lawyer to provide commercial sales legal support and counsel to the US open banking team.

Role
This full-time Counsel role will be an integral member of the global open banking legal team, providing legal support for the commercialization of open banking products and services in the U.S. The selected candidate will:
• Provide solution-oriented counsel in support of the commercialization and sales efforts of the US open banking team.
• Draft and negotiate technology services, partnership, reseller agreements as well as data sharing agreements with financial institutions.
• Work cross-functionally across product and legal teams (including data privacy, intellectual property, antitrust, regulatory, compliance, and franchise) on product development and commercialization.
• Ensure compliance with company policies and procedures.
• Support initiatives of the open banking team in US with potential opportunities to provide support to international colleagues as needed.
• Take responsibility for special projects while continuing to handle a steady stream of day-to-day matters.
• Assist with the creation of training materials and guides.

All About You
• Solid transactional training and experience at a reputable law firm, or as an in-house counsel.
• Strong drafting and negotiating skills across a range of complex commercial contracts and the ability to analyze and identify core legal issues.
• Experience with technology, open banking and/or other regulated solutions is a specific plus.
• Keen business insight and strong communication skills to interact confidently and effectively.
• Fast learner who can gain rapid familiarity with complex and evolving products and solutions and navigate complex legal and regulatory challenges.
• Must be thorough and detail-oriented, able to prioritize, and juggle multiple projects and demands.
• Team player and willing to take on a variety of responsibilities and roles that support the team, department and the company.
• JD from accredited law school; licensed to practice law in the US.

Mastercard is an inclusive equal 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. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment process, please contact reasonable_accommodation@mastercard.com 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.

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.

In line with Mastercard's total compensation philosophy and assuming that the job will be performed in the US, the successful candidate will be offered a competitive base salary based on location, experience and other qualifications for the role and may be eligible for an annual bonus or commissions depending on the role. Mastercard benefits for full time (and certain part time) employees generally include: insurance (including medical, prescription drug, dental, vision, disability, life insurance), flexible spending account and health savings account, paid leaves (including 16 weeks new parent leave, up to 20 paid days bereavement leave), 10 annual paid sick days, 10 or more annual paid vacation days based on level, 5 personal days, 10 annual paid U.S. observed holidays, 401k with a best-in-class company match, deferred compensation for eligible roles, fitness reimbursement or on-site fitness facilities, eligibility for tuition reimbursement, gender-inclusive benefits and many more.

Pay Ranges
Salt Lake City, Utah: $131,000 - $210,000 USD

O'Fallon, Missouri: $131,000 - $210,000 USD

Purchase, New York: $151,000 - $242,000 USD

Client-provided location(s): Salt Lake City, UT, USA
Job ID: Mastercard-22331_R-225415
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • FSA With Employer Contribution
    • HSA
    • HSA With Employer Contribution
    • Fitness Subsidies
    • On-Site Gym
    • Pet Insurance
    • Mental Health Benefits
    • Virtual Fitness Classes
    • Health Reimbursement Account
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • On-site/Nearby Childcare
    • Adoption Leave
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • Happy Hours
    • Snacks
    • Company Outings
    • On-Site Cafeteria
    • Holiday Events
    • Some Meals Provided
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Leave of Absence
    • Volunteer Time Off
  • Financial and Retirement

    • 401(K) With Company Matching
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
    • Stock Purchase Program
    • 401(K)
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Lunch and Learns
    • Internship Program
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program
    • Shadowing Opportunities
  • Diversity and Inclusion

    • Employee Resource Groups (ERG)
    • Diversity, Equity, and Inclusion Program