Legal Counsel - Open Banking

Hispanic Alliance for Career Enhancement; Greater London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player seeks a dynamic Legal Counsel to join their Open Banking team. This exciting role involves providing legal support for product development, drafting commercial contracts, and managing disputes. The ideal candidate is a qualified lawyer with strong academics and experience in financial regulation. You'll collaborate with internal teams and external counsel, ensuring compliance with laws and policies. Join a forward-thinking company that values inclusion and innovation, where your contributions will help shape the future of digital payments and open banking solutions.

Qualifications

• Qualified lawyer with 2-5 years PQE preferred.
• Strong drafting and negotiation skills are essential.
• Experience in financial regulation is a plus.

Responsibilities

• Provide legal support throughout the product lifecycle.
• Draft, review, and negotiate commercial contracts.
• Manage disputes and coordinate with external counsel.

Skills

Commercial Contracts

Legal Support

Dispute Resolution

Stakeholder Management

Data Privacy

Intellectual Property

Product Development

Financial Regulation

Negotiation Skills

Communication Skills

Education

Qualified Lawyer

Strong Academics

Job description

Our Purpose

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart, and accessible. Our technology, innovation, partnerships, and networks combine to deliver unique products and services that help people, businesses, and governments realize their greatest potential.

Title and Summary

Legal Counsel - Open Banking

Who is Mastercard?

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible.

We help our clients leverage messaging functionality and applications to capture payment flows domestically and cross-border; offer solutions for the Open Banking ecosystem; and protect banks and customers from financial crime. We also provide data insights and consulting to optimize payment strategies worldwide. With connections in over 210 countries, we are building a sustainable world that unlocks possibilities for all.

We foster a culture of inclusion, respecting individual strengths, views, and experiences, believing that our differences enable better decisions, innovation, and results.

Position

Counsel, Product & Services legal

Location

London, UK. The role supports global business, requiring travel and support across time zones.

Overview

We seek an experienced lawyer to support Mastercard's Open Banking and Open API team, focusing on European and international development of open banking products and solutions. If you are motivated, curious, analytical, and enjoy legal challenges, this is an ideal opportunity.

Role

This role involves product development, commercial contracting, and legal support for daily business operations, including navigating legal and regulatory risks. Key responsibilities:

1. Product Support: Provide legal support throughout the product lifecycle, ensuring compliance with policies, laws, and standards.
2. Commercial Contracts: Draft, review, negotiate, and manage agreements with customers, suppliers, and partners.
3. Dispute Resolution: Handle disputes with third parties.
4. Stakeholder Management: Build relationships with internal teams and provide strategic legal advice.
5. External Counsel Coordination: Manage external legal advisors within policies and budgets.

Roles evolve with business needs.

All About You

• Qualified lawyer with strong academics, ideally 2-5 years PQE but open to others.
• Ability to identify core legal issues and communicate clearly.
• Experience with commercial contracts, technology, or financial regulation.
• Experience supporting new product development is a plus.
• Knowledge of data privacy and intellectual property issues.
• Strong drafting, communication, and negotiation skills.
• Customer-focused, eager to learn, and collaborative.
• Proactive, organized, detail-oriented.
• Interest in financial services and payment tech preferred.

If you don’t meet all requirements but are qualified and excited, we want to hear from you!

Corporate Security Responsibility

All activities involving Mastercard assets, information, and networks carry inherent risks. Every employee must:

• Follow security policies and practices;
• Maintain confidentiality and integrity of information;
• Report security violations or breaches;
• Complete mandatory security training.