About the position
Marqeta is looking for a Counsel, 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. 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 product and regulatory matters.
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, FCRA, TILA/Regulation Z and card network rules.
- Monitor and conduct analyses of new regulations in the payments/financial services space to assess their applicability to our payments/financial services products and help build out and enhance our regulation change management process.
- Advise on payment laws, financial services regulations, consumer protection, and enforcement actions for existing products and new features, including but not limited to the development, launch, and maintenance of card products, compliance with advertising and marketing requirements, disputes processing, account servicing, and disclosure requirements.
- 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.
- Lead cross functional efforts to develop an approach for engagement with regulators, bank partners, and customers for key financial regulatory areas impacting our 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.
Requirements
- 3 to 5 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 and card space, 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.
Benefits
- Multiple health insurance options.
- Flexible time off – take what you need.
- Retirement savings program with company contribution and after tax contributions.
- Equity in a publicly-traded company and an Employee Stock Purchase Program.
- Family-forming benefits, fertility support, and up to 20 weeks of Parental Leave.
- Free therapy sessions, financial and professional coaching, and legal advice.
- Monthly stipend to support our remote work model.
- Annual “development dollars” to support our people growth and development.
