Counsel, Product & Regulatory

United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, PaymentsIndustries

Requirements

Candidates must possess a JD degree and be a member in good standing of a State Bar. They should have 3 to 5 years of experience practicing in-house in fintech or banking or at a reputable law firm, with a focus on the prepaid, debit, and/or credit card space. A deep understanding of the payments industry and card space, including relevant laws, rules, and regulations for banks and ecosystem participants, is essential. Strong business acumen, analytical and communication skills, diligence, organization, engagement, proactivity, collaboration, and demonstrated legal and business judgment are also required.

Responsibilities

The Counsel, Product & Regulatory will serve as a trusted advisor on laws and regulations for prepaid, debit, and credit card products, including EFTA/Regulation E, Durbin/Regulation II, FCRA, TILA/Regulation Z, and card network rules. They will monitor and analyze new regulations in the payments/financial services space, assess their applicability to products, and enhance the regulation change management process. Responsibilities include advising on payment laws, financial services regulations, consumer protection, and enforcement actions for existing and new products, covering development, launch, maintenance, advertising, disputes, servicing, and disclosures. The role involves assessing legal risks, recommending mitigation strategies, providing legal advice to cross-functional stakeholders, leading efforts for regulator, bank partner, and customer engagement, and collaborating with outside legal counsel.

Skills

Payments Technology

Legal

Regulatory

Risk Management

Financial Services

Card Network Rules

EFTA

Regulation E

Durbin

Regulation II

FCRA

TILA

Regulation Z

Consumer Protection

Dispute Processing

Account Servicing

Disclosure Requirements

Advertising

Marketing

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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