Job title: Senior Counsel, Regulatory Affairs, Asia Pacific

Company: Mastercard

Job description: 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 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, Regulatory Affairs, Asia Pacific

Overview
Responsible for providing legal advice on all matters relevant to payment system regulation in India, Bangladesh, Nepal and Sri Lanka (‘South Asia markets’) and potentially other Asia Pacific countries in co-ordination with the hiring manager and engaging externally with regulators and others stakeholders. Provision of input and guidance to legal generalists, business unit customers, and other internal stakeholders facilitating thoughtful risk-taking and enabling Mastercard to deliver on strategy.

Responsibilities
Maintain awareness of all aspects of payment system regulation in India including the Payment and Settlement System Act, Foreign Exchange Management Act and related Directions and Circulars together with applicable competition law norms and provide counsel on their implications to business operations and activities.

Draft and review communications with regulators including regulatory reporting and advocacy.

Attend meetings and discussions with Mastercard’s regulator in South Asia markets and potentially in other Asia Pacific markets and support all aspects of preparations including briefing papers, reports and responses to questions.

Communicate actual and prospective changes in laws and regulations and collaborate in impact assessment on Mastercard’s strategy and business growth.

Evaluate the regulatory aspects of new products and services including in respect of licensing implications. Undertake the regulatory evaluation of any new licensing or registration contemplated by Mastercard.

Engage and manage relationship with outside counsels on research and analysis relevant to the role.

Liaise with in-country legal generalists, Mastercard public policy specialists and other internal stakeholders supporting Mastercard’s business including Regional Head Office staff based in Singapore and, as required, Mastercard International Head Office staff based in the United States.

Provide incisive, business friendly explanations and counsel and work closely with South Asian markets’ senior management as business partner as part of navigating the increasingly complex regulatory context to Mastercard’s business.

Be a tough and effective advocate in representing Mastercard, protecting its interests and to enhancing the organization’s brand.

Lead relevant cross-functional initiatives as required.

Experiences
Law Degree with an established and reputable institution.
Significant experience in a regulatory position in a corporation.
Track record as an advocate for corporate interests with a regulator(s).
Experience and/or knowledge of the regulation of financial services.
A demonstrable understanding of legal affairs relevant to technology and innovation.

COVID-19 Considerations

We value the safety of each member of our community because we know we’re all in this together. In many locations, which may change over time, we’ve implemented a virtual hiring process and continue to interview candidates by video or phone. In addition, in some locations, only individuals who have been fully vaccinated will be permitted inside Mastercard offices until further notice.

In the US, Mastercard is a government contractor, which may legally require most Mastercard employees to be vaccinated unless a verified approved medical or religious exemption is granted. Further, we are currently making every effort towards having employees return to work in the office 2 days per week, if that makes sense for their team. Everyone must be vaccinated to enter Mastercard offices at this time. Therefore, we expect all candidates to be vaccinated or to be approved for a medical or religious accommodation prior to commencing work at Mastercard.

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.

Expected salary:

Location: Mumbai, Maharashtra

Job date: Fri, 03 Jun 2022 00:51:57 GMT

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