[Remote] Senior Counsel, Commercial at Marqeta

United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BiotechnologyIndustries

Requirements

Candidates must possess a JD degree and be a member in good standing of a State Bar. They should have 5-8 years of experience in commercial contracts, both domestically and internationally, with a preference for experience at a top law firm and in-house. Industry experience in FinTech, payments, financial services/banking, and/or software technology is preferred, particularly in issuing processing and/or issuing side card program management. A working knowledge of the regulatory landscape in the US payments and issuing space is required, along with strong negotiating and drafting skills. Candidates need a keen sense of ownership, the ability to independently drive complex projects, a solid business focus with practical risk awareness, and excellent oral and written communication skills. The ability to challenge constructively, advanced problem-solving skills, and a customer-focused, deadline-oriented approach are also essential.

Responsibilities

The Senior Counsel, Commercial will serve as a senior member of the in-house legal team supporting the sale of Marqeta's products and services, partnerships, and vendor agreements. They will provide legal and business advice on customer, bank, network partner, and vendor contracts, and will work to improve contracting processes. This role involves close collaboration with cross-functional teams, including sales, partnership, product, and operations, as well as other in-house attorneys, to achieve strategic outcomes. The Senior Counsel will assist in resolving complex issues in strategic agreements, both in the U.S. and internationally, and will support Marqeta's expansion by partnering with sales, product, compliance, and finance teams. They will also collaborate on the development of agreement templates and playbooks to drive scale and efficiencies, and offer creative solutions. The position requires providing practical legal advice and developing strong working relationships across the company.

Skills

Commercial Contracts

Customer Agreements

Partnership Agreements

Vendor Agreements

Legal Advice

Contract Negotiation

Cross-functional Collaboration

Legal Research

International Law

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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