Senior Counsel, Regulatory Affairs

Our Purpose

We work 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. 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 business results.

Job Title

Senior Counsel, Regulatory Affairs

Overview

Mastercard’s Global Regulatory Team is looking for a Senior Counsel to play an important role in its Regulatory Affairs function in Asia-Pacific.

This role will involve work covering the Asia Pacific region including regulatory advice and support for various business units and functions in respect of new payment flows and will report to the Senior Managing Counsel, Regulatory Affairs, Asia-Pacific and the Assistant General Counsel, Regulatory Affairs, Global (Money Transmission).

Key to performance within the role would be the ability to interpret the regulatory landscape as it pertains to Mastercard, communicate requirements to senior management, and guide the organisation forward with focus on compliance and the thoughtful management of risk.

Role

Essential responsibilities in this role include:

- Providing incisive regulatory advice, support and strategy to various business units and functions in respects of innovative new payment flows including licensed money transfer, cross border money transfers, crypto for markets in the Asia-Pacific region to ensure our products and services and our regulated entities, comply with applicable regulations and for new market entry.
- Collaborate and coordinate with other members of the Asia-Pacific and Global Regulatory Team to manage regulatory supervision and compliance.
- Liaising with in-region legal generalists, Mastercard public policy specialists and other internal stakeholders supporting Mastercard’s business including Regional Head Office staff wherever based and, as required, Mastercard International Head Office staff based in the United States.
- Monitoring for relevant regulatory change and working in close coordination with internal stakeholders in determining the impact of regulatory changes.
- Building and maintaining a strong working knowledge of laws and regulatory themes relating to payments, money transfer, crypto, banking/ financial services, critical infrastructure requirements, payment schemes and anti-money laundering within Asia-Pacific.
- Being a tough and effective advocate for Mastercard, through the coordination and drafting of submissions, talking points and other materials, to protect Mastercard’s interests and enhancing Mastercard’s brand.
- Providing related support to Mastercard’s Franchise and Anti-Money Laundering groups.
- Coordinating and working together with Public Policy and other stakeholders to further the implementation of a successful regulatory engagement strategy.
- Supporting integration of relevant acquired businesses with reference to their direct regulation and Mastercard’s interests as shareholder.
- Managing outside counsel on relevant regulatory matters.
- Being a contributor to the broader activity of:

- Mastercard’s Global Regulatory Team under the supervision and direction of the Senior Managing Counsel, Regulatory Affairs, Asia Pacific and the Assistant General Counsel, Regulatory Affairs (Money Transmission)
- Mastercard’s Law, Franchise and Integrity team under the supervision and direction of the Mastercard Asia-Pacific General Counsel

All About You/Experience
- At least 10 years prior qualified experience within the payments and/or financial services industry.
- Graduate of an established and reputable university, a law degree preferred.
- Prior experience in a financial services or payments organization and knowledge of payments, money transfer regulation in Asia-Pacific markets preferred.
- Track record of success in legal practice in fields drawn from regulation, technology, finance, corporate, commercial in Asia-Pacific.
- Specific interest in playing a broad-based role in the Asia-Pacific regulatory affairs teams.
- Experience of multi-national organizations and a track record that includes operating effectively within a diverse multicultural organization with the highest standards of personal integrity
- Excellent written and oral communication skills in English. Other language ability an advantage.
- Must demonstrate a proactive, time sensitive, results driven approach in carrying out all responsibilities.
- Self-starter / motivated to work independently and as an effective team member.

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