At a Glance
- Tasks: Provide legal support for innovative open banking products and navigate regulatory challenges.
- Company: Join Mastercard, a global leader in digital payments and innovation.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic environment with a focus on collaboration and inclusion.
- Why this job: Make a real impact in the evolving world of financial technology.
- Qualifications: Qualified lawyer with experience in commercial contracts and product development.
The predicted salary is between 53438 - 65313 £ per year.
We are looking for an experienced lawyer to join our legal team, providing support and advice to the Mastercard Global Open Banking and Developer Experience team, with a particular focus on European and international development of the next generation of open banking products and solutions.
This role reports into a Director, Legal Services.
If you are highly motivated, intellectually curious and analytical and love tackling legal challenges, this is the perfect opportunity for you.
Role This role handles product development, commercial contracting with customers, suppliers and partners and general legal support matters for the business on a day-to-day basis, identifying and analysing relevant issues and helping the business effectively navigate legal and regulatory risks and implement appropriate controls, policies and processes.
Your key responsibilities will include
Key Responsibilities
- Product
Support: Provide comprehensive legal support throughout the product lifecycle, from development to launch and beyond.
Identify and help ensure our products comply with Mastercard policies, relevant laws, regulations and industry standards
- Commercial Contracts: Draft, review, negotiate, and manage a variety of commercial agreements with our customers, suppliers and other partners.
- Dispute Resolution: Handle and advise on disputes with third-party suppliers and clients.
- Stakeholder Management and
Collaboration: Build and maintain strong relationships with internal stakeholders, working in collaboration with specialists (including Franchise, regulatory, data privacy and intellectual property counsel and compliance teams) providing strategic legal advice and support.
- External Counsel Coordination: Instruct and manage external legal advisors within agreed policy and budget
The role will support both Product Legal and Corporate Governance activities.
At a high level, this includes legal support for our products and services and related contracting activities, alongside support for corporate governance matters, including board and management reporting and committee support.
Please note that the above is a guideline only.
Roles within Mastercard evolve with the needs of the business and department., 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:
- Security Responsibilities
- 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.
Qualifications
- Qualified Lawyer with a strong academic background.
- Ability to identify core legal issues, put these into a context of the business you support and articulate them clearly.
- Prior experience with commercial contracting, technology and/or financial regulation.
- Prior experience in supporting new product development, even if in a different industry, is considered a strong asset.
- Ability to identify regulatory, data privacy and intellectual property issues.
- Strong drafting, writing, oral communication, and negotiating skills,
- Customer-focused with a willingness to learn and build strong working relationships with internal clients and stakeholders.
- Can-do attitude, self-motivated and able to drive delivery against objectives.
- Excellent organisational skills and attention to detail.
- Interested in financial services and payment technologies (prior experience? Even better).
- About 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., 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.
We help our clients leverage rich messaging functionality and applications to capture business and consumer payment flows both domestically and cross-border; offer solutions to connect, enable, and safeguard the Open Finance ecosystem, and protect banks and their customers from financial crime.
All this is supported by account-based data insights and consulting to help our clients optimise the payment strategies across the world.
With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
We cultivate a culture of inclusion 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 results.
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Legal Counsel in City of Westminster employer: MasterCard
Mastercard is an exceptional employer that fosters a culture of innovation and collaboration, making it an ideal place for a Director of Software Engineering. With a strong emphasis on employee growth, you will have access to cutting-edge tools and resources, as well as opportunities to mentor and lead talented teams across diverse geographies. The company's commitment to data-driven decision-making and AI-assisted development ensures that you will be at the forefront of technological advancements in a dynamic and supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Legal Counsel in City of Westminster
✨Get Involved in Law Societies
Join local law societies and attend their events – they're often a goldmine for networking and job opportunities in the legal field. Plus, it’s a great way to meet other budding lawyers and experienced solicitors who could provide vital insights and connections.
✨Tap into Online Legal Communities
Don’t underestimate the power of online platforms like LinkedIn and specific legal forums. Get active in discussions or share your thoughts on recent legal developments – this not only builds your visibility but also showcases your passion and knowledge in law.
✨Attend Career Fairs and Workshops
Look out for career fairs and workshops specifically focused on law. Many law firms, including MasterCard, will be scouting for fresh talent, so bring your A-game and don’t shy away from making a memorable impression.
✨Leverage Your University’s Career Services
If you’re still in university or have recently graduated, latch onto your career services! They often have connections with law firms looking for graduates and can guide you through the application process tailored for the legal sector.
We think you need these skills to ace Legal Counsel in City of Westminster
Some tips for your application 🫡
Highlight Your Legal Knowledge:When applying for a full-time role in legal services at MasterCard, make sure to demonstrate your understanding of key legal principles and areas of law relevant to the position. Include any specific coursework, modules, or certifications, like LPC or BPTC qualifications, that showcase your legal expertise directly on your CV.
Showcase Your Research Skills:In the legal field, strong research skills are crucial. Use your application to illustrate how you've utilised these skills in past studies or work experiences – whether that's through past internships or significant projects. Mention any legal databases or tools you’re proficient in, as this can give you an edge.
Tailor That Cover Letter!:Your cover letter is your chance to shine! Make it personal by expressing your genuine interest in MasterCard and the specific role of Legal Counsel. Talk about why you want to be part of their team, how your unique experiences align with their values, and why you’re passionate about the legal sector.
Stay Formal but Friendly:While we all know the legal world can be pretty formal, don’t be afraid to let a bit of personality shine through in your written application. Use a respectful tone, but feel free to inject a little warmth; this approach can help you stand out and show you're a great fit for MasterCard’s culture!
How to prepare for a job interview at MasterCard
✨Know Your Legal Principles
Brush up on foundational legal principles relevant to the specific area of law you’re applying for, whether it’s corporate, criminal, or family law. We might get asked situational questions to test your knowledge, so being articulate about key concepts will make you stand out.
✨Be Ready for Case Studies
Full-time legal roles often involve case studies during interviews. Prepare to analyse a hypothetical case and discuss your approach to it. Practising this with a peer or mentor can help us refine our reasoning and articulate a solid legal argument.
✨Show Off Your Research Skills
As legal professionals, strong research skills are a must. Have examples ready of how you've effectively used legal databases or conducted thorough legal research in your past experiences. It's a great way to demonstrate your readiness for the role at MasterCard.
✨Exude Professionalism and Confidence
In the legal field, professionalism is key. During the interview, we should maintain good eye contact and communicate clearly to show that we’re not just knowledgeable, but also confident. This can make a positive impression on your potential colleagues at MasterCard.