Regulatory Counsel

Mastercard Colombia, Inc.; Ciudad de México; On-site; MXN 900,000 - 1,500,000; Full time

Job summary

Mastercard’s Global Regulatory Team in Mexico City seeks a seasoned counsel to serve Arcus IFPE and Mastercard Transaction Services across LATAM, focusing on regulatory counsel for electronic payments, real‑time funds transfers, and cross‑border money movement.

You will advise on licensing, engage regulators, support product development within regulatory constraints, and coordinate with regional colleagues while traveling as required.

Qualifications

• Experience advising on Mexican payments and financial services regulation, including the Fintech Law and IFPE regime.
• Experience with licensing and regulator engagement in Mexico, including applications, variations, and supervisory responses before Mexican financial authorities.

Responsibilities

• Act as regulatory counsel to Arcus and to MTS product and business teams in Mexico and across LAC, advising on the product and operational implications of regulations applicable to electronic payment funds institutions, real-time payments, and other funds transfers.
• Support the expansion, variation, and ongoing maintenance of the Arcus IFPE license, including permitted activities, new use cases, and the regulatory workstreams associated with migrating Arcus onto Mastercard proprietary technology platforms.
• Support engagement with Mexican regulators and supervisors, including filings, license applications and variations, responses to information requests, and examination and remediation support.
• Participate in product development to ensure new and expanded products launch consistent with applicable regulation and licensing requirements.
• Contribute to regulatory strategy for money transmission and transfer solutions in Mexico and, where relevant, the broader LAC region, coordinating with regulatory colleagues across LAC and globally.
• Work cross-functionally with Product, Compliance, Risk, Privacy, Franchise, and Legal colleagues on licensing, supervisory matters, and systems of control.
• Monitor Mexican regulatory change and prepare clear, business-ready insights and escalations for senior management.
• Instruct and manage outside counsel, and support advocacy efforts including submissions and talking points for industry and regulatory engagement.

Skills

Regulatory affairs

Financial services regulation

Cross-border payments

Licensing

Regulatory strategy

Policy interpretation

Education

JD or LLM from accredited law school

Law degree

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 and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

Title and Summary

Regulatory Counsel

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. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company.

The Role

Mastercard’s Global Regulatory Team is looking for a Counsel in Mexico City to serve as regulatory counsel to Arcus, a Mastercard company licensed as an Institución de Fondos de Pago Electrónico (IFPE), and to Mastercard Transaction Services (MTS) across Latin America and the Caribbean. This is a hands-on advisory role at the center of our money movement business in Mexico, covering domestic funds transfers, real-time payments, and cross-border money transmission.

Essential Responsibilities

Act as regulatory counsel to Arcus and to MTS product and business teams in Mexico and across LAC, advising on the product and operational implications of regulations applicable to electronic payment funds institutions, real-time payments, and other funds transfers.

Support the expansion, variation, and ongoing maintenance of the Arcus IFPE license, including permitted activities, new use cases, and the regulatory workstreams associated with migrating Arcus onto Mastercard proprietary technology platforms.

Support engagement with Mexican regulators and supervisors, including filings, license applications and variations, responses to information requests, and examination and remediation support.

Participate in product development to ensure new and expanded products launch consistent with applicable regulation and licensing requirements.

Contribute to regulatory strategy for money transmission and transfer solutions in Mexico and, where relevant, the broader LAC region, coordinating with regulatory colleagues across LAC and globally.

Work cross-functionally with Product, Compliance, Risk, Privacy, Franchise, and Legal colleagues on licensing, supervisory matters, and systems of control.

Monitor Mexican regulatory change and prepare clear, business-ready insights and escalations for senior management.

Instruct and manage outside counsel, and support advocacy efforts including submissions and talking points for industry and regulatory engagement.

All About You

Licenciatura en Derecho from an accredited Mexican university, or a JD or LLM from an accredited law school with the ability to advise on Mexican law.

Demonstrated experience advising on Mexican payments and financial services regulation, including the Fintech Law and IFPE regime, SPEI and domestic payment schemes, and money transmission requirements.

Experience with licensing and regulator engagement in Mexico, including applications, variations, and supervisory responses before Mexican financial authorities.

Legal practice experience in regulation, technology, finance, or financial services at a reputable law firm, a regulator, or in-house; a regulatory affairs or product counsel role in payments or fintech is strongly preferred.

Working knowledge of anti-money laundering, KYC, and sanctions obligations; experience in other Latin American markets and cross-border payments is a plus.

Proven success in multinational, matrixed organizations, with the ability to give pragmatic, commercially grounded advice and translate technical requirements into plain-language guidance.

Strong organizational skills and the ability to manage multiple matters simultaneously.

Fluency in Spanish and English, with excellent written and oral communication skills in both, is a must. Willingness to travel within the region and to Mastercard offices in the United States as required.

Corporate Security Responsibility

• Abide by Mastercard’s security policies and practices;
• Ensure the confidentiality and integrity of the information being accessed;
• Report any suspected information security violation or breach, and
• Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.