[Remote] Commercial Counsel at Marqeta

United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Payments, Financial ServicesIndustries

Requirements

3-5 years of experience practicing either in-house or at a reputable law firm, with at least 2 years working in or advising companies in the payments, fintech or financial services space
An eagerness to learn, a can-do attitude, and an interest (and ideally some experience working) in the payments industry
A solutions-oriented attorney who doesn’t rabbit-hole on theoretical risk but instead focuses on practical risk-based solutions to legal issues
Experience drafting and negotiating contracts for payments companies, fintech companies or financial institutions
An understanding of laws and regulations pertaining to financial services and technology (including Payment Services Directives; Anti-Money Laundering Directives; GDPR; Interchange Fee Regulations and EBA Guidelines)
A keen sense of ownership, and adaptability to a fast-changing environment
Sound judgment and ability to work both autonomously and collaboratively
Willingness and ability to support colleagues and initiatives across multiple time zones

Responsibilities

Work with Marqeta’s sales, partnership and procurement teams to support the sale and development of Marqeta’s products and services with a focus on Marqeta’s customers and partners in Europe, specifically negotiating strategic, complex and cross-border agreements with Marqeta’s customers and partners within Europe
Assist with resolving complex issues in strategic customer, bank and network partner, and vendor agreements in Europe
Support Marqeta’s expansion by partnering with cross-functional teams in sales, product, compliance, and finance to help sell Marqeta’s products and services in Europe
Work collaboratively across the Legal, Regulatory and Compliance team on cross-functional priorities and initiatives
Collaborate on the development of agreement templates and playbooks for the Commercial Legal Team to drive scale, and cross-functional efficiencies, and offer creative solutions where appropriate
Provide practical legal advice to the business and develop strong working relationships across the Company with cross-functional peers and other business stakeholders
Provide legal and business advice relating to Marqeta’s customer, bank and network partner, and vendor contracts in the EU and UK
Help improve Marqeta’s contracting processes and procedures in the region

Skills

Key technologies and capabilities for this role

Commercial ContractsContract NegotiationCross-Border AgreementsEU LawUK LawVendor AgreementsCustomer AgreementsPartnership AgreementsLegal PlaybooksPayment Services

Questions & Answers

Common questions about this position

What experience is required for the Commercial Counsel role?

Candidates need 3-5 years of experience practicing in-house or at a reputable law firm, with at least 2 years in payments, fintech, or financial services, plus experience drafting and negotiating contracts for such companies.

Is this a remote position or does it require office presence?

The role encourages a flexible working style, with the team typically in the office a few days each week in the London office.

What is the salary for the Commercial Counsel position?

This information is not specified in the job description.

What kind of team and work environment can I expect at Marqeta?

You'll be an integral member of the Commercial Legal Team, working closely with cross-functional and geographically diverse teams in Revenue, Product, and Finance, in a collaborative environment focused on practical solutions.

What makes a strong candidate for this Commercial Counsel role?

A solutions-oriented attorney with a can-do attitude, keen sense of ownership, sound judgment, and experience in payments/fintech regulations like PSD, AMLD, GDPR, who can work autonomously and collaboratively in a fast-changing environment.

Marqeta

Card issuing and payment processing solutions

About Marqeta

Marqeta provides modern card issuing and payment processing solutions in the fintech sector. Its platform allows businesses to create, issue, and manage payment cards tailored to their specific needs, such as expense management and consumer payments. The service operates through an open API, enabling clients to integrate Marqeta's capabilities into their own applications. This flexibility sets Marqeta apart from competitors, as it caters to a diverse range of clients, including financial institutions and tech companies. The company generates revenue primarily through transaction fees each time a card is used, along with potential setup and service fees. Marqeta's ability to quickly adapt to the growing demand for digital payments, especially during the COVID-19 pandemic, has contributed to its significant presence in the market.

Oakland, CaliforniaHeadquarters

2010Year Founded

$526.5MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Medical, dental, & vision coverage

Flexible time off

Paid family leave

Pet insurance

401k match

Equity

Monthly stipends

Company recognition & awards

Employee Stock Purchase Program

Risks

Class action lawsuit may harm Marqeta's reputation and investor confidence.

Increased regulatory scrutiny could raise compliance costs for Marqeta.

EWA platforms might disrupt Marqeta's traditional card issuing model.

Differentiation

Marqeta's open API platform allows for highly customizable payment solutions.

The company operates in 40 countries, offering a global card issuing platform.

Marqeta's cloud-based infrastructure enables instant access to scalable payment systems.

Upsides

Partnership with Slope taps into the growing Buy Now, Pay Later market.

Demand for flexible working capital solutions boosts Marqeta's embedded finance offerings.

Smarter AI models enhance Marqeta's payment processing capabilities.

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