Product and Regulatory Counsel
MercurySalary not specified
- Full Time
- Entry Level & New Grad
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Fintech, PaymentsIndustries
Requirements
Candidates should possess 3 to 5 years of in-house experience in fintech or banking, or at a reputable law firm, with a focus on the prepaid, debit, and/or credit card space, and a deep understanding of the payments industry and card space, including the laws, rules, and regulations related to banks and the participants in the payments ecosystem. Strong analytical and communication skills, as well as demonstrated legal and business judgment and strategic thinking, are required.
Responsibilities
The Counsel, Product & Regulatory will act as a trusted advisor with deep knowledge and expertise in the rules, laws, and regulations related to 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 conduct analyses of new regulations, advise on payment laws, financial services regulations, consumer protection, and enforcement actions, assess legal risks, recommend mitigation strategies, and provide legal advice to cross-functional stakeholders. Additionally, they will lead cross-functional efforts to engage with regulators, bank partners, and customers, collaborate with outside legal counsel, and be a team player and self-starter driving complex projects to completion.
Skills
Legal expertise in payments and financial regulations
Knowledge of prepaid, debit, credit card laws
Regulation E
Regulation II
FCRA
TILA/Regulation Z
Card network rules
Legal analysis
Strategic thinking
Communication skills
Business acumen
Collaboration
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.
Key Metrics
Oakland, CaliforniaHeadquarters
2010Year Founded
$526.5MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
501-1,000Employees