Senior Counsel, Product and Regulatory - EU/UK

Marqeta, Inc.; United Kingdom; Remote; GBP 70,000 - 110,000; Full time

Job summary

Marqeta, a leader in payments technology, seeks a Senior Counsel to support its EU/UK operations. This role involves providing expert legal advice on regulations, collaborating with diverse teams, and spearheading strategic initiatives to manage risks associated with financial products. Ideal candidates will have extensive experience in payments law and demonstrate proactive, solution-oriented problem-solving abilities.

Benefits

Premium Private Medical and Dental coverage

Generous time off program

Retirement savings program with company contribution

Equity in a publicly traded company

Monthly stipend for remote work

Annual development stipend

Family-forming benefits and up to 20 weeks of Parental Leave

Wellbeing programs

Qualifications

• 5-10 years’ experience in-house or at a reputable law firm.
• Experience advising companies in payments or financial services.
• Understanding of laws and regulations related to financial services and technology.

Responsibilities

• Provide legal advice on payments law and financial services regulation.
• Serve as the lead attorney for cross-border arrangements.
• Collaborate with legal and business stakeholders to improve legal processes.

Skills

Analytical skills

Communication

Project management

Education

LLB degree

Job description

Senior Counsel, Product and Regulatory - EU/UK

Remote, UK

To help advance our vision of modern money movement, Marqeta is looking for a Senior Counsel, EU/UK Product & Regulatory who is enthusiastic about payments technology and its potential for positive impact in peoples’ lives. You will 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 in the EU/UK and internationally. You will also provide legal advice and support for our international expansion efforts. This requires strong business acumen and the ability to both work independently and with large multi-stakeholder teams. We are looking for someone with sharp analytical and communication skills, who is diligent, organized, engaged, proactive, collaborative, and who has demonstrated excellent legal and business judgment and strategic thinking. You will report to the Assistant General Counsel overseeing international product and regulatory.

We work Flexible First . This role can be performed remotely within the UK. We’d love for you to join us!

The Impact You'll Have

This Senior Counsel position will be a critical legal role located in the UK. You will have a broad range of responsibilities and work in close partnership with cross-functional and geographically diverse teams supporting the development and delivery of Marqeta’s payment products and services. As we advance our vision of modern money movement, we seek a subject matter expert, regulatory lawyer who’ll be deeply engaged to help us scale globally.

Who You Are

• Serve as the lead attorney for strategic, complex and cross-border arrangements with Marqeta’s customers and partners within UK/Europe
• Provide timely, concise and business-focused legal advice on payments law impacting Marqeta’s relationships in UK/Europe and other regions
• Partner with legal and business stakeholders to help automate, scale and continuously improve standard form agreements and legal processes
• Have deep and practical knowledge and expertise in international laws, rules and regulations related to prepaid and debit products in various jurisdictions, focusing on the UK and the EEA
• Provide legal advice on payment laws, financial services regulations, data privacy, consumer protection, and enforcement actions for existing products and new features in covered jurisdictions
• Assess legal risks, recommend mitigation strategies, and provide legal advice to cross-functional stakeholders (product, engineering, risk, go-to-market, etc.) in connection with maintaining the integrity of the financial platform
• 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 organisation

Key Skills and Competencies

• 5-10 years’ experience practising either in-house or at a reputable law firm, with at least 3 years working in or advising companies in the payments, fintech or financial services space
• A proven high-calibre, solution-oriented and proactive attorney with experience in the payments space, including experience with prepaid, debit and credit card products in the UK and EEA
• Understanding of laws and regulations pertaining to financial services and technology (including Payment Services Directives; Anti-Money Laundering Directives; GDPR; Interchange Fee Regulations and EBA Guidelines)
• A solid business focus with practical risk awareness and the ability to balance legal risk mitigation against key business objectives and risks
• Experience drafting and negotiating contracts for payments companies or financial institutions
• Familiarity with rules for card networks and other payment clearing systems
• Understanding of payments technology (e.g. APIs, tokenization, digital wallets, crypto)
• 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
• Sound judgment and the ability to work both autonomously and collaboratively
• Amenable and ready to support colleagues and projects across multiple time zones
• 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
• LLB degree and member in good standing of a the local bar (or equivalent in your jurisdiction)

Hiring Manager

• Sean Yang

Recruiter For This Role

Compensation and Benefits

• Premium Private Medical and Dental coverage
• Generous time off program with additional “Floating Holiday days”
• Retirement savings program with company contribution
• Equity in a publicly-traded company and an Employee Stock Purchase Program
• Monthly stipend to support our remote work model
• Annual development stipend to support our people growth and development
• Family-forming benefits and up to 20 weeks of Parental Leave
• Wellbeing programs i.e. Modern Health, HealthKick and much more…

About Marqeta

Marqeta is on a mission to change the way money moves. We’re one of the earliest enablers of embedded finance, a market opportunity sized up in the trillions. Our card issuing platform provides unprecedented flexibility and control for companies to issue cards, authorize transactions, and manage payment operations in real time. Marqeta is powering the most well known brands in the new economy (Block, Cash App, Affirm, Instacart, Doordash, Uber, Walmart, etc). You don’t need to be a Payments expert to join the Marqeta Team, let us help you with that. This is the opportunity of a lifetime to work with innovators around the world and unlock equitable financial access for all.

– Solve for the Customer: With a deep understanding of our customers' business and empathy for their needs, we deliver products and services that drive their success. Earning and keeping their trust guides everything we do.

– Do What's Right: Knowing businesses and livelihoods depend on us, we pursue solutions that disrupt responsibly and deliver high-quality results that our customers count on. We own our work from start to finish.

– Simplify and Innovate: We approach challenges with curiosity and take smart risks. Innovation comes from finding better, simpler ways to achieve extraordinary outcomes.

– Win as a Team: We succeed together by embracing diverse perspectives and pushing each other to raise the bar. We lead with humility and set aside hierarchy to work as a team.

– Make it Count: We drive forward with focus and agility. With a sense of urgency and purpose, we get the job done, and done right.

Equal Employment Opportunity, Accommodations and Privacy

Marqeta is proud to be an equal opportunity employer that gives consideration to all qualified applicants regardless of race, ancestry, national origin, color, Indigenous, citizenship, religion/creed, sex, sexual orientation, gender identity, gender expression marital status, family status, disability, veteran status, criminal histories consistent with legal requirements, or any other characteristic protected by applicable law.

Our dedication to diversity and inclusion extends beyond the categories above. Review Marqeta’s ESG Report to see that dedication in action. Fostering an environment where everyone feels valued and respected creates a stronger and more innovative team at Marqeta. We celebrate the unique contributions of each individual and empower all members of our organization. Join us in building a company where diversity thrives and everyone can be their authentic selves.

If you require reasonable accommodation for the application process and beyond (including due to a disability), please submit this form and we will be more than happy to assist you. Marqeta will make reasonable accommodations for candidates when needed in accordance with applicable law. The Applicant and Candidate Privacy Notice applies to the personal data that you directly provide to us or that we collect during the application and candidate recruitment process.

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Do you have 5-10 years’ experience practicing either in-house or at a reputable law firm, with at least 3 years working in or advising companies in the payments, fintech or financial services space? * Select...

Do you have a strong understanding of laws and regulations pertaining to financial services and technology (including Payment Services Directives; Anti-Money Laundering Directives; GDPR; Interchange Fee Regulations and EBA Guidelines)? * Select...

Please describe a specific example of a payment‑product (prepaid, debit, credit) you advised on in the UK or EEA. What were the key regulatory challenges, and how did you resolve them?” *

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