Senior Counsel, Regulatory Affairs

2 days ago

Copenhagen, Copenhagen, Denmark MasterCard Full time

Senior Counsel, Regulatory Affairs

Senior Counsel, Regulatory Affairs

Apply locations Copenhagen, Denmark time type Full time posted on Posted 22 Days Ago job requisition id R-242297

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.

Title and Summary

Senior Counsel, Regulatory Affairs Overview


• Mastercard's Global Regulatory Team is looking for a senior counsel to facilitate the strategic development of Mastercard's open banking business in Europe. The focus of this role, which is based in Denmark, is to support Mastercard Open Banking Services EU (MCOBS EU) subsidiary that holds PIS and AIS regulatory license in Denmark, and Mastercard Open Banking Services UK (MCOBS UK), subsidiary that holds PIS and AIS regulatory license in the UK.


• The role will report to Senior Managing Counsel responsible for global open banking leadership within the Global Regulatory Affairs team. It will focus on supporting the open banking business team and management in implementation of Mastercard's open banking strategy in Europe. The ideal candidate will have the ability to think and act both strategically and tactically with respect to the needs of business clients and their objectives while ensuring that Mastercard remains compliant with existing regulatory obligations, reacts to regulatory threats and opportunities and maintains good working relationships with key regulators.


• The successful candidate will be part of a global group of legal and regulatory specialists who between them cover Mastercard's regulatory affairs in 210+ countries and territories under the leadership of Mastercard's General Counsel, Regulatory Affairs.

Role

  1. Ensure that MCOBS EU, and, with the assistance of UK Regulatory Affairs Team members, MCOBS UK, are compliant with all relevant legal and regulatory requirements, including PIS/AIS regulatory licensing requirements, DORA and AML compliance.
  2. Advise MCOBS EU and, with the assistance of UK regulatory team members, MCOBS UK on supervision and regulatory examinations by DFSA and FCA respectively.
  3. Provide expert regulatory leadership by building out and maintaining strong relationships with key regulators.
  4. Build and maintain a strong working knowledge of laws and regulatory themes relating to payment services in Denmark, the UK and other European countries, in particular, on access to account provisions under the revised EU PSD2, AML and broader corporate compliance requirements for regulated financial entities.
  5. Support Regulatory Compliance team by identifying regulatory obligations, including regulatory reporting.
  6. Effectively communicate complex legal concepts to legal and business executives and product owners in a clear and understandable manner.
  7. Perform regulatory analysis of new Mastercard open banking products and services in Denmark and the UK and, with the assistance of external counsels, also in other European countries.
  8. Support management of regulatory risks.
  9. Monitor, review and provide thought leadership on legislative proposals that may have an impact on Mastercard's open banking business in Denmark, the UK and elsewhere in Europe. Work with Public Policy to ensure that Mastercard's voice is heard during legislative processes. Advise internal stakeholders on anticipated impact to regulatory compliance obligations.
  10. Manage outside counsel on relevant regulatory matters.
  11. Work cross-functionally with colleagues from other teams, including Regulatory Compliance, Legal Counsel, Public Policy, Privacy/Data Usage, Global Ethics and Compliance and Internal Audit.
  12. Co-ordinate regulatory effort with the Global Regulatory Team to facilitate sharing of best practices, enabling synergies and facilitating scaling of the open banking business.

All About You

  1. Fluent in Danish and English (written and spoken).
  2. Graduate of an established and reputable university, a law degree complemented with a Masters (LLM) in commercial or international law being preferred.
  3. Qualified lawyer with mid-level experience and track record of success in legal practice in fields drawn from technology, finance, corporate and commercial law.
  4. Experience in regulatory advice for an authorized payment services provider in Denmark. Experience in relation to open banking will be considered as an advantage.
  5. Solid knowledge of Danish financial services regulations, in particular, open banking, and broader corporate compliance requirements for regulated financial entities. Knowledge of UK financial services regulation will be considered as an advantage but is not a prerequisite.
  6. Ability to interpret regulations and guidance to assess the impact and develop practical solutions compliant with the relevant laws.
  7. Solid knowledge of innovative technologies relating to open banking and payment services, including digital and new payments solutions and platforms.
  8. Strong business acumen and solutions orientated to ensure that the business makes informed risk-based decisions regarding new opportunities, markets, local initiatives and product and service offerings.
  9. Strong analytic capabilities and excellent written and verbal communication skills combined with ability to communicate complex regulatory issues in simple and concise terms.
  10. Ability to work on complex issues of significant importance, juggle substantial competing demands and adapt to evolving priorities.
  11. Ability to motivate and influence highly-skilled professionals to achieve major organizational goals.
  12. Good interpersonal skills with ability to work well in both team and individual settings.
  13. Motivation and will to develop.

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.
About Us

Everyone wants easier ways to pay; we invent them.

Checkout lines are slow; we speed them along.

Merchants want more sales; we give them data and insights.

People need financial access; we connect them.

Corporate purchasing is complicated; we make it simple.

Commuters are busy; we speed them on their way.

Small businesses are virtual; we give them access to a world of buyers.

#J-18808-Ljbffr

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