Overview

📍Franchise enables business growth and value-creating interactions through a dynamic platform which provides ongoing trust and confidence in the evolving payments and data driven ecosystem. Franchise is core to all Mastercard business: we enable our business by licensing our customers, registering third parties in the payments ecosystem, and creating, modifying, and enforcing standards that govern participation in the system. We also manage the integrity of our ecosystem by monitoring the activity of our customers through multiple performance programs. 📍The Senior Counsel will provide support to the Global Lead Counsel, who has overall responsibility for providing legal expertise and guidance supporting the following Franchise business units which are based both in the center and across the Mastercard regions: Franchise Growth & Enablement; Franchise Innovation; Franchise Customer Engagement and Performance; Dispute Resolution Management, Franchise Architecture & Standards, and Franchise Services, as well as Global Affairs, Compliance and New Customer Types (primarily corporations, governments and merchants) 📍The candidate will have the ability to think and act both strategically and tactically with respect to the needs of business clients and their objectives while ensuring that the corporation remains compliant with all applicable laws and regulations. The candidate must demonstrate sound business and legal judgment, thrive in a fast-paced environment, with a diverse workload, and have a proven track record of providing pragmatic and proactive legal advice.

Responsibilities

📍Provide legal support for review of new Mastercard Standards (e.g. Standard Review Board items, bulletins, announcements, product/services mandates) and variance requests. 📍Provide legal guidance with respect to additional use cases of Mastercard’s standards/requirements (e.g. rules interpretation/compliance, modifications to existing rules, creation of new rules, etc.). 📍Understand the effects of regulation on our Franchise and how the rules have evolved to manage the effects while maintaining a globally interoperable system. 📍Provide legal support for Franchise Service engagements. 📍Support for the licensing/customer onboarding process and additional use cases. 📍Provide legal support for customer non-compliance and enforcement issues. 📍Provide legal support for Franchise Innovation engagements (e.g. open banking, CBDC/cryptocurrency/blockchain use cases.) 📍Serving as the Franchise liaison in working with legal colleagues throughout the company (e.g. product, sales, regulatory, litigation, etc.).