[Remote] Senior Counsel, Product and Regulatory at Marqeta

United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

FinTech, Payments, Financial ServicesIndustries

Requirements

5-8+ 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
Deep understanding of the payments industry, including the laws, rules and regulations related to banks and the participants in the payments ecosystem, including issuer processors and program managers
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
Team player with a positive attitude and commitment to excellence
JD degree and member in good standing of a State Bar
Strong business acumen and the ability to both work independently and with large multi-stakeholder teams
Sharp analytical and communication skills, who is diligent, organized, engaged, proactive, collaborative, and who has demonstrated excellent legal and business judgment and strategic thinking

Responsibilities

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, TILA/Regulation Z, and card network rules
Provide legal advice on payment laws, financial services regulations, consumer protection, and enforcement actions for existing products and new features
Assess legal risks, recommend mitigation strategies, and provide legal advice to cross functional stakeholders (product, engineering, risk teams, go to market, etc.) in connection with maintaining integrity of the financial platform
Monitor and conduct analyses of new regulations in the payments/financial services space to assess their applicability to the payments/financial products
Collaborate with and manage outside legal counsel
Be a team player and self-starter with drive and initiative
Have high integrity and great judgment while working across the organization
Help drive high-profile cross-functional initiatives across the business involving a variety of complex legal and regulatory issues, relating to managing risk for financial and payments products

Skills

Regulation E

Regulation Z

Regulation II

Card Network Rules

Payments Law

Financial Services Regulation

Consumer Protection Law

Legal Risk Assessment

Regulatory Compliance

Prepaid Cards

Debit Cards

Credit Cards

EFTA

TILA

Durbin Amendment

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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