Senior Counsel, Commercial

United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BiotechnologyIndustries

Requirements

Candidates should possess a JD degree and be a member in good standing of a State Bar. They need 5-8 years of experience in commercial contracts, ideally with experience at a top law firm and in-house, and possess industry experience in FinTech, payments, financial services/banking, and/or software technology, with a preference for issuing processing and/or issuing side card program management. A working knowledge of the regulatory landscape in the payments and issuing space in the US is required, along with strong negotiating and drafting skills, a keen sense of ownership, advanced problem-solving skills, and excellent communication abilities.

Responsibilities

The Senior Counsel, Commercial will serve as a strategic partner to Revenue, Product, and Finance teams, providing legal and business advice on customer, bank, network partner, and vendor contracts. They will work closely with other attorneys and outside counsel to improve contracting processes, support Marqeta's expansion by partnering with cross-functional teams, and collaborate on developing agreement templates and playbooks. The role involves resolving complex issues in international agreements, providing practical legal advice, and building strong relationships across the company.

Skills

Commercial Contracts

Customer Agreements

Partnership Agreements

Vendor Agreements

Legal Advice

Contracting Processes

Cross-functional Collaboration

Negotiation

Legal Services

Strategic Outcomes

Regulatory Compliance

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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