Counsel, Marketplace Payments

Walmart•Bentonville, AR

9d•$110,000 - $286,000

About The Position

Walmart is seeking a Counsel – Marketplace Payments to support the development and operation of payments and financial-services products for Walmart Marketplace sellers, including merchant cash advances, other commercial-finance products, domestic and international payments, payouts, and settlement. The role works closely with Product, Engineering, and business teams to build products and translate legal and regulatory requirements into practical product and operational solutions. It also addresses emerging legal questions at the intersection of AI, commerce, and payments, including AI-enabled and agent-led commerce, payment authorization, credentials and tokenization, authentication, funds flows, data sharing, and allocation of responsibilities among participants. The Counsel advises on U.S. and international payments regulation and commercial-finance matters; analyzes funds flows, settlement, payouts, chargebacks, collections, and credit-risk frameworks; and drafts and negotiates agreements with financial-services and technology partners. The role evaluates emerging payment and commerce technologies, identifies legal and regulatory issues early in product development, develops scalable legal guidance and processes, collaborates across legal and business functions, and manages outside counsel on specialized matters.

Requirements

J.D. or law degree from an accredited law school.
Active membership in good standing in at least one U.S. jurisdiction; license to practice law in at least one state.
At least 4 years of legal experience involving payments, fintech, banking, commercial finance, lending, or financial-services products; minimum qualifications also require 4 years' experience in law.
Experience advising businesses on complex legal or regulatory issues and translating requirements into practical business solutions.
Experience drafting and negotiating sophisticated commercial agreements.
Strong judgment, intellectual curiosity, and ability to operate independently in a fast-moving environment.
Ability and interest to work directly with Product, Engineering, and business teams and understand the operational and technical mechanics of supported products.
Curiosity about emerging technologies and interest in developing legal frameworks for products and business models that may not fit existing rules or precedent.

Nice To Haves

Experience with payments regulation, money transmission, ACH/NACHA, card-network rules, payment processing, or bank partnerships.
Experience with marketplace, platform, or embedded-finance products.
Experience with merchant cash advances, commercial lending, factoring, invoice financing, or other seller or small-business financing.
Experience with funds-flow analysis, payout orchestration, settlement mechanics, chargebacks, or payment operations.
Experience with cross-border payments or international payments and financial-services regulation.
Experience with sponsor-bank, processor, payment-network, or financial-infrastructure agreements.
Product counseling experience at a fintech, payments company, financial institution, marketplace, or technology company.
Experience working directly with Product and Engineering teams on new financial products or technology.
Experience with AI-enabled products, agentic commerce, digital wallets, tokenization, real-time payments, or other emerging commerce and payment technologies.
Experience leading cross-functional teams.

Responsibilities

Serve as a trusted legal advisor to Walmart Marketplace teams developing and operating financial-services and payments products for sellers, including merchant cash advances and other commercial-finance products, domestic and international payments, payouts, and settlement.
Partner with Product and Engineering throughout the product lifecycle to design scalable products and translate complex legal and regulatory requirements into practical product and operational solutions.
Help Walmart navigate emerging legal and regulatory questions at the intersection of AI, commerce, and payments.
Advise on payment and financial-services issues arising from AI-enabled and agent-led commerce, including transaction authorization, payment credentials and tokenization, authentication, funds flows, data sharing, allocation of responsibility, and interactions among customers, sellers, platforms, and AI agents.
Work with technology and product teams on emerging commerce models involving Walmart's AI capabilities and third-party AI platforms interacting with Marketplace, payments, and checkout infrastructure.
Advise on U.S. and international payments regulation, including money transmission and remittance requirements, ACH and NACHA rules, card-network rules, AML/CTF, OFAC and sanctions requirements, and related financial-services regulation.
Advise on commercial lending, sales-based financing, secured transactions, loan-brokering, and other commercial-finance regulatory issues.
Analyze funds flows, settlement structures, payout mechanics, returns and chargebacks, collections and recovery strategies, and related operational and credit-risk frameworks.
Draft and negotiate complex agreements with sponsor banks, capital providers, payment processors, networks, and other financial-services and technology partners.
Evaluate new and emerging payment and commerce technologies, including digital wallets, tokenization, real-time payments, and AI agents.
Identify legal and regulatory issues early in product development and work with business partners to develop pragmatic, risk-based paths to launch.
Develop scalable legal guidance, playbooks, and processes for Marketplace payments and financial-services products in the United States and internationally.
Partner across Legal, Compliance, Ethics, Privacy, Finance/Treasury, Risk, and Technology, and manage outside counsel on specialized regulatory, licensing, and commercial-finance matters.

Benefits

Competitive pay and performance-based bonus awards.
Medical, vision, and dental coverage.
401(k), stock purchase, and company-paid life insurance.
Paid time off, including sick leave; parental leave; family care leave; bereavement leave; jury duty leave; and voting leave.
Short-term and long-term disability.
Company discounts.
Military Leave Pay.
Adoption and surrogacy expense reimbursement.
PTO and/or PPTO for vacation, sick leave, holidays, or other purposes.
Live Better U, a Walmart-paid education benefit program covering tuition, books, and fees for eligible programs.
Stock may be included as additional compensation for certain positions.