MasterCard Legal Counsel, Asia Pacific in Sydney, Australia
Who is Mastercard?
We are the global technology company behind the worlds fastest payments processing network. We are a vehicle for commerce, a connection to financial systems for the previously excluded, a technology innovation lab, and the home of Priceless ®. We ensure every employee has the opportunity to be a part of something bigger and to change lives. We believe as our company grows, so should you. We believe in connecting everyone to endless, priceless possibilities.
Legal Counsel, Asia Pacific
Mastercard Prepaid Management Services is part of Mastercards Global Processing business and is a global prepaid card program manager offering program management services, including transaction processing, cardholder servicing, fraud monitoring, card and collateral design, card manufacture and card distribution.
Mastercard Prepaid Management Services manages card programs in a number of different countries in Asia Pacific, North America, South America, Europe, Middle East and Africa. Our largest market is Asia Pacific where we have programs in Australia, New Zealand, China, Hong Kong, Japan, Korea and India.
Mastercard is a technology company in the global payments business, connecting consumers, financial institutions, merchants, governments and businesses worldwide and enabling them to use secure and convenient electronic forms of payment.
As Legal Counsel you will serve as a trusted business partner to the business in the region. The role will be based in Sydney and report to the Senior Managing Counsel, Mastercard Prepaid Management Services (based in the UK) who has global legal responsibility for the business.
The role will require strong commercial and regulatory knowledge and experience in the financial services space.
The role will support commercial initiatives and provide regulatory support in collaboration with Mastercards regulatory team, including advice, research and the monitor of changes in laws that impact our products and services and existing licenses (eg. AFSL). The role will also require legal support in connection with product development and distribution, contract negotiation, risk analysis and risk management, cardholder and consumer laws and communications, marketing, and strategic partnership and general advice in conjunction with responsible management, stakeholders, and business leaders initiatives in the region.
The core responsibilities of this role are as follows:
Advising key stakeholders of legislative developments and their potential impact on the business units and operations
Ensuring the business is provided with accurate, commercial and timely legal services
Product development and distribution, end to end considerations.
Preparing, reviewing and negotiating card distribution agreements for Mastercard Prepaid Management Services distribution channels
Preparing, reviewing and negotiating agreements with third party issuers, suppliers and other potential vendors and strategic alliance partners
Drafting and reviewing cardholder terms and conditions, marketing materials and other consumer facing collateral including Product Disclosure Statements and Financial Service Guides
Review and provide legal advice on tender documents
Liaise with relevant departments to ensure legal and other risks have been identified and appropriate courses of action have been taken
Provide and interpret legal information, conduct training and disseminate appropriate legal requirements to staff
Work closely with other members of the Law and Franchise Integrity department within Mastercard where necessary (e.g. IP, Public Policy, Litigation and Employment)
Advise and assist other parts of the Global Processing business unit and Mastercard generally in respect of various commercial and strategic projects
All About You
Bachelor of Laws or equivalent degree with current Australian practicing certificate.
In house experience in a leading organisation, with a proven track record in financial services, payments, regulatory compliance, contract negotiation and drafting.
Experience covering multiple jurisdictions, multiple large projects and competing priorities.
Excellent relationship management and communication skills.
The ability to identify and balance risk with results.
Ability to provide clear, concise and independent advice (orally and in writing) and translate complex legal principles into tangible business consequences.
Ability to work independently, make practical, timely and solution-orientated decisions while demonstrating sound judgment throughout.
Value add approach to both internal and external relationships, together with a sense of urgency.
The ability to inspire teams to deliver in challenging circumstances recognising the need to motivate and develop whilst maintaining pace and juggling priorities.
Strong relationship skills that place the customer at the heart of what we do.
Self-motivated with a strong sense of team.
Equal Opportunity Employer
Requisition ID: R-49273