Marqeta

Senior Counsel, Commercial

United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, BiotechnologyIndustries

About the Role

Marqeta is seeking a Senior Counsel, Commercial to join our Commercial Legal Team. You will act as a strategic partner to the Revenue, Product, and Finance Teams, providing legal and business advice on customer, bank, network partner, and vendor contracts. Your responsibilities will include improving contracting processes and procedures, collaborating with in-house attorneys and outside counsel, and building strong relationships across the company. You will report to the Director, Assistant General Counsel of Commercial Legal.

Location: This role can be performed remotely anywhere within the United States or from our Oakland headquarters.

The Impact You’ll Have

  • Be a senior member of Marqeta’s in-house team of attorneys supporting the sale of Marqeta’s products and services, partnerships, and vendor agreements.
  • Work closely with cross-functional Marqeta internal sales, partnership, product, and operational colleagues and other Marqeta in-house attorneys to achieve successful strategic outcomes in a fast-paced business environment.
  • Assist with resolving complex issues in strategic customer, bank, network partner, and vendor agreements in the U.S. and internationally.
  • Support Marqeta’s expansion by partnering with cross-functional teams in sales, product, compliance, and finance to help sell Marqeta’s products and services.
  • Work collaboratively across the Legal, Regulatory and Compliance team on cross-functional priorities and initiatives.
  • Collaborate on the development of agreement templates and playbooks for the Commercial Legal Team to drive scale, cross-functional efficiencies, and offer creative solutions where appropriate.
  • Provide practical legal advice to the business and develop strong working relationships across the Company with cross-functional peers and other business stakeholders.

Who You Are

  • Experience: 5-8 years of experience in commercial contracts in the U.S. and internationally, preferably with experience at both a top law firm and in-house.
  • Industry Knowledge: FinTech, payments, financial services/banking, and/or software technology experience, with a preference for issuing processing and/or issuing side card program management experience.
  • Regulatory Understanding: Working knowledge of the regulatory landscape in the payments and issuing space in the US.
  • Skills:
    • Strong negotiating and drafting agreement skills.
    • A keen sense of ownership and the ability to independently drive complex projects to completion on tight timelines in a fast-moving, high-performing environment.
    • A solid business focus with practical risk awareness and the ability to balance legal risk mitigation against key business objectives and risks.
    • Excellent oral and written communication skills; ability to work on teams and independently; ability to drive accountability and influence outcomes.
    • The ability to challenge and be challenged both internally and with clients in a constructive and respectful way.
    • Advanced problem-solving skills, i.e., the ability to quickly digest a problem, evaluate various options/solutions and empower yourself and others to deliver.
    • Highly responsive, customer-focused, and meets deadlines in a fast-paced environment.
    • Team player with a positive attitude and commitment to excellence.
  • Education: JD degree and member in good standing of a State Bar.

Typical Process

  • Application Submission
  • Recruiter video call
  • Hiring manager video call
  • Virtual “Onsite” consisting of 4-5, 45 min calls
  • Offer!

Compensation and Benefits

Marqeta is a Flex First 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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