Senior Managing Counsel, Regulatory Affairs

Mastercard • New York, NY

3d • $208,000 - $400,000

About The Position

The Global Regulatory team is looking for a Senior Managing Counsel, Regulatory to lead the MTS Regulatory team and drive the regulatory compliance program for MTS’s global portfolio of money transmission/payment services licenses. The ideal candidate is a seasoned regulatory attorney with demonstrated expertise in payments regulation and a compliance champion with deep experience in building and supporting compliance management programs.

Requirements

• JD from an established and reputable law school
• Experience managing regulatory supervision is a must
• Experience in cross-border payments, and developing and managing related regulatory compliance programs for large bank or non-bank financial institution
• Dynamic leader with experience managing a global team, managing executive stakeholders, and gaining buy-in for enabling strategy
• Proven success in navigating a multi-national organization and operating effectively within a diverse multicultural organization
• Self-starter / motivated to work independently and as an effective team member
• Must demonstrate a proactive, time sensitive, results driven approach in carrying out all duties, obligations and responsibilities
• Strong analytic capabilities and excellent written and oral communication skills

Nice To Haves

• Knowledge of Money Transmitter regulations and license requirements is preferred

Responsibilities

• Develop and execute regulatory strategy, including regulator engagement and advocacy efforts
• Serve as a liaison to business and/or functional departments in connection with regulatory engagements including regulatory examinations, meetings and other interactions.
• Manage external counsel as necessary, and review and analyze regulatory advice for advancing strategic initiatives
• Provide regulatory advice to business stakeholders on product development and operational matters, providing subject matter expertise with respect to operational requirements, policies, and procedures to comply with applicable regulatory obligations.
• Drive the design and implementation of compliance management policies and controls to effectively manage the regulatory risks related to account-to-account money transfer activity.
• Provide periodic reports to senior management on emerging regulatory obligations and the state of the regulatory compliance program.
• Coordinate regulatory examinations and management responses.
• Identify and manage regulatory changes, assisting product owners to develop creative solutions to address new requirements.
• Maintain strong industry knowledge of regulations, changes, trends and impacts to the business.

Benefits

• insurance (including medical, prescription drug, dental, vision, disability, life insurance)
• flexible spending account and health savings account
• paid leaves (including 16 weeks of new parent leave and up to 20 days of bereavement leave)
• 80 hours of Paid Sick and Safe Time, 25 days of vacation time and 5 personal days, pro-rated based on date of hire
• 10 annual paid U.S. observed holidays
• 401k with a best-in-class company match
• deferred compensation for eligible roles
• fitness reimbursement or on-site fitness facilities
• eligibility for tuition reimbursement

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Ph.D. or professional degree