Senior Counsel (Regulatory)
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
Senior Counsel (Regulatory)Job Description, Senior Counsel (Regulatory), Real Time Payments & Network ProductsOur 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.
Who is Mastercard?
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. 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 drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
Position
Senior Counsel (Regulatory), Real Time Payments.
Location
London, UK.
Overview
Vocalink Limited is looking for a Senior Counsel (Regulatory) who will report to Vocalink’s Senior Managing Counsel and Mastercard’s Assistant General Counsel, Regulatory. [NS1.1]
Vocalink is part of Mastercard’s RTP and Network Products business unit which is responsible for designing, building and operating industry-leading bank account-based payment systems and card based infrastructure. Our RTP technology powers payment solutions which underpin many economies, including the UK’s Faster Payments, Bacs and LINK ATM systems.
Since it provides systemically important services to two Recognised Payment System Operators, Vocalink is supervised by the Bank of England as a Specified Service Provider and is subject to oversight by the Payment System Regulator (PSR) (soon to be Financial Conduct Authority).
Role
• Providing clear, business-focused advice on all applicable regulatory requirements, in line with the regulatory strategy, including in particular Bank of England Codes of Practice and Supervisory Statements, PSR regulations, and other laws/regulation applicable to Vocalink, its product, and its services
• Monitoring and tracking regulatory developments relevant to Vocalink Limited and communicating these to internal stakeholders at all levels of senior management.
• Assessing the impact of regulatory developments on Vocalink, working with internal stakeholders to develop positioning, and drafting relevant consultation responses.
• Preparing concise written updates, training, and presentations on regulatory developments and their implications for Vocalink.
• In partnership with Compliance, supporting regulatory engagement, including the preparation of submissions, briefing materials, and related communications.[PR2.1]
• In partnership with the wider regulatory team and other stakeholders, leading Vocalink’s engagement with the PSR/FCA.
• Representing Vocalink’s Legal team at governance forums, such as Vocalink’s Operational Resilience Form, Operating Committee, Executive Committee, Board, and their subcommittees.
• Managing external counsel on relevant regulatory matters.
• Being a key stakeholder and contributor to Vocalink’s overall regulatory and policy strategy
• Providing regulatory support to the broader RTP and Network Products division where needed
Please note that the above is a guideline only. Roles within Mastercard evolve with the needs of the business and team.
All About You
• Qualified lawyer with mid-level experience, ideally including experience working in-house within a retail bank, regulated payments business, or central bank/relevant regulator.
• A strong understanding of Bank of England Financial Market Infrastructures and PSR regulations.
• Solid understanding of relevant UK payments regulation and the broader regulatory and policy landscape.
• Demonstrate the ability to influence internal stakeholders, regulators and policy makers
• Excellent written and verbal communication skills, combined with an ability to communicate complex regulatory issues clearly and concisely business.
• Must demonstrate a proactive, time sensitive, results driven approach in carrying out all duties, obligations and responsibilities.
• Experience of operating within a multi-faceted organisation working closely with a variety of teams – compliance, legal, government affairs, product, etc.
• Self-starter / motivated to work independently and as an effective team member.
• A strong commercial awareness, risk-based approach and “yes, if” attitude to providing regulatory advice.
Don’t meet every single requirement? Every person is unique. If you’re a qualified lawyer, excited about this role, looking to make an impact in a dynamic environment and you believe you can bring something special to our team, we’d love to hear from you.
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.