Counsel, Regulatory Affairs

1 month ago

Mumbai, India Mastercard Full time

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.

Title and Summary

Counsel, Regulatory Affairs

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, or DQ, 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.

The Role

Essential responsibilities in this role include:

- Acting as regulatory counsel to Mastercard’s Transfer Solutions group in South Asia, including advising on product implications of relevant regulation applicable to money transfers, both domestic and international.
- Participate in the development and execution of regulatory strategy associated with our push payments activities
- Participate in the product development process to ensure compliance with applicable regulation and licensing requirements
- Developing global insights to be provided to Executive Management on the regulatory implications of these strategic initiatives
- Review and analyze regulatory advice for advancing these strategic initiatives
- Providing related support to Mastercard’s Franchise and Anti-Money Laundering groups.
- 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, e-commerce, banking/ financial services, data sovereignty, domestic payment schemes and anti-money laundering.
- Advocacy including coordinating and drafting submissions, talking points and other materials as part of advocacy processes.

All About You
- Law degree from an established and reputable law school
- Track record of success in legal practice in fields drawn from regulation, technology, finance, corporate, commercial and anti-trust at an international law firm or regulator
- Deep expertise in payments regulation, particularly related to domestic and cross-border funds transfers
- Experience in a regulatory affairs and/or product counsel role in a financial services or payments organization
- Experience practicing before the Reserve Bank of India is preferred
- Proven success in navigating multi-national organizations and operating effectively within a diverse multicultural organization
- Must demonstrate a proactive, time sensitive, results driven approach in carrying out all duties, obligations and responsibilities
- Excellent written and oral communication skills in English are a must.

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.

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