Senior Counsel, Commercial Solutions

2 weeks ago

Johannesburg, South Africa 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.

Job Title

Senior Counsel, Commercial Solutions

Senior Counsel - Mastercard Commercial Solutions

Overview

Mastercard is a technology company in the global payments business, connecting cardholders, customers, financial institutions, merchants, governments and businesses worldwide.

Mastercard Commercial Solutions is responsible for building and commercializing products and services to reduce complexity, cut costs and automate processes in the B2B and travel payments ecosystems. The Commercial Solutions team is also tasked to grow Mastercard’s market share in Corporate and Travel and Entertainment cards.

Mastercard is seeking an experienced lawyer to join our global legal team for providing support to the Commercial Solutions team engaged in product development and sales.

Role

This Senior Counsel role requires strong commercial acumen and experience in supporting new product development in the financial services space. The role will support the development and distribution of Commercial Solutions offerings, including drafting and negotiating contracts, and legal risk management related to B2B and Travel payments automation and trade platforms. The key responsibilities for the role include:

- Partnering with product, sales, franchise, marketing, and other teams to develop and launch innovative products and solutions that differentiate Mastercard and meet our customers’ rapidly changing needs.
- Structuring and negotiating a wide range of contracts (including complex technology agreements, customer and vendor agreements) to drive issuer, merchant acceptance and consumer adoption of Commercial Solutions.
- Collaborating with in-house and external specialists (including regulatory, compliance, data protection, and intellectual property counsel) to identify relevant issues and help the business effectively navigate legal risks.
- Providing support to the Commercial Solutions business development teams to support product sales initiatives.
- Advising business on a wide range of commercial and contractual matters including legal and business risk assessment and analysis on diverse matters from new product constructs to commercial agreements.
- Taking responsibility for special projects while continuing to handle a steady stream of day-to-day matters.
- Ensuring compliance with Mastercard’s policies and procedures and providing applicable training to the business.
- Managing external counsel within agreed policy and budget.

All About You
- Qualified lawyer with a solid academic and training background, licensed to practice in the relevant jurisdiction.
- Extensive legal experience, preferably including in-house work experience.
- Familiarity with laws and regulations in the commercial banking and payments space will be considered favorably.
- Ability to grasp complex new business concepts and develop and implement creative approaches to problems while identifying and balancing risks with results.
- Strong business acumen, and a keen interest in technology.
- Strong drafting and negotiating skills across a range of complex commercial contracts and the ability to analyze and identify core legal issues.
- Exposure to a broad range of transactional, commercial and technology law issues.
- Strong working knowledge of data privacy and intellectual property issues.
- Team player and great attitude.
- Self-starter and ability to work independently.
- Experience working on global agreements, across multiple jurisdictions and time zones.
- Solutions-orientated and able to work flexibly, under pressure, and with tight deadlines.
- Lively interest in the business of Mastercard and an enjoyment of working in a fast-paced environment.

COVID-19 Considerations

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

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