Product and Regulatory Counsel
MercurySalary not specified
- Full Time
- Entry Level & New Grad
Not SpecifiedCompensation
Mid-level (3 to 4 years), Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Legal, PaymentsIndustries
Requirements
Candidates should possess 3 to 5 years’ 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, 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, such as issuer processors and program managers. Strong analytical and communication skills, as well as diligent, organized, engaged, proactive, collaborative, and demonstrated excellent legal and business judgment and strategic thinking are also 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, monitoring and conducting analyses of new regulations in the payments/financial services space, advising on payment laws, financial services regulations, consumer protection, and enforcement actions, assessing legal risks, recommending mitigation strategies, providing legal advice to cross-functional stakeholders, leading cross-functional efforts to develop an approach for engagement with regulators, bank partners, and customers, and collaborating with and managing outside legal counsel.
Skills
EFTA/Regulation E
Regulation II
FCRA
TILA/Regulation Z
Card Network Rules
Payments Industry
Financial Services Regulations
Consumer Protection
Legal Risk Assessment
Mitigation Strategies
Regulatory Engagement
Cross-functional Collaboration
Outside Legal Counsel
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