Jobs at MasterCard in Singapore

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.

Senior 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.

Mastercard’s Global Regulatory Team is looking for a Senior Counsel to support product specialists driving our multi-rail strategy to deliver solutions involving the transfer of money for transactions that go beyond traditional purchases of goods/services at point of sale. This role will involve work covering the Asia Pacific region including regulatory advice and product development support for our Commercial and New Payments Flows business unit. The ideal candidate for this role is an expert on the regulations that apply to domestic and cross-border card-based or account-to-account push payments, including but not limited to G2C or B2C disbursements, push payments (including QR initiated), consumer remittances and business payments.

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 organization forward with focus on compliance and the thoughtful management of risk.

Essential responsibilities in this role include:

• Providing regulatory advice, support and strategy to various business units and functions in respect of innovative new payment flows including licensed money transfer, cross border money transfers, crypto for markets in the AP region to ensure our products and services and our regulated entities comply with applicable regulations.
• Providing regulatory advice and guidance in respect of those markets in the AP region where Mastercard's money transfer activity is licensed, including as to applications for new licenses, supervisory matters, compliance, examinations and systems of control related to compliance with licensing requirements.
• Collaborate and coordinate with other members of the AP 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.
• Monitoring for relevant regulatory change impacting Commercial and New Payments Flows, 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 Europe.
• 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.

We expect the successful candidate to have the following knowledge, skills and experience:

• At least 10 years prior qualified legal 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 AP markets preferred.
• Track record of success in legal practice in fields drawn from regulation, technology, finance, corporate, commercial in AP.
• 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.

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.