This Senior Counsel role provides strategic legal support for treasury operations and global cross-border payment flows within Mastercard's Transfer Solutions business unit. The position involves advising on liquidity management, foreign exchange, banking arrangements, settlement flows, and safeguarding customer funds across multiple jurisdictions. It requires close partnership with various internal teams to ensure scalable, compliant, and resilient money movement services.
Responsibilities
Advise on legal issues relating to treasury operations for cross-border money movement, including prefunding, settlement, reconciliation, liquidity, safeguarding, customer funds management, bank account structures, and intercompany funding arrangements
Support the development and launch of cross-border payment products by identifying and advising on legal and regulatory considerations relating to funds flow, settlement finality, FX, jurisdiction-specific treasury requirements, and related operating models
Draft, review, and negotiate treasury-related agreements, including bank account documentation, liquidity and credit facilities, custody or safeguarding arrangements, FX documentation, payment service provider agreements, correspondent banking arrangements, and other financial counterparty agreements
Partner with Regulatory, Compliance, and Risk teams on AML/KYC, sanctions, consumer protection, safeguarding, operational resilience, and related requirements as they affect treasury and settlement models
Review and support policies, procedures, and controls relating to treasury governance, customer funds protection, liquidity risk, cash management, credit exposure, counterparty risk, and escalation protocols
Provide legal support for expansion into new markets, including funds flow analysis, local banking and settlement arrangements, licensing implications, and coordination of external counsel
Collaborate with Treasury, Product, Operations, and Technology teams to design scalable treasury processes, embed legal controls where appropriate, and support incident response for settlement, reconciliation, liquidity, or counterparty events
Monitor legal and regulatory developments affecting cross-border payments, money transmission, safeguarding, FX, stablecoins or digital assets where relevant, and treasury operations, and translate developments into practical guidance for business stakeholders
Develop templates, playbooks, approval workflows, and training materials to promote consistent, efficient, and risk-calibrated legal support for treasury and money movement activities
Requirements
Significant experience advising financial institutions, fintechs, payment companies, money transmitters, banks, or other regulated financial services businesses on complex legal and regulatory matters
Strong understanding of treasury operations, cash management, liquidity, settlement, FX, bank account structures, funds flow analysis, and financial counterparty documentation
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Experience with legal and regulatory frameworks relevant to money transmission, cross-border payments, AML/KYC, sanctions, consumer payments, safeguarding of funds, operational resilience, and operational risk
Demonstrated ability to analyze complex funds flows and translate legal advice into practical, risk-calibrated recommendations for business stakeholders
Excellent drafting, negotiation, analytical, and communication skills, with the judgment and independence to lead legal workstreams in a fast-paced, cross-functional, global environment
Experience working across jurisdictions and cultures, with the ability to influence stakeholders and drive alignment among legal, business, operational, and control functions
JD or equivalent legal qualification required
Active bar membership or equivalent authorization to practice law in at least one relevant jurisdiction
Important Details
Travel: Occasional
About the Company
Mastercard powers economies and empowers people in over 200 countries and territories worldwide, helping build a sustainable economy where everyone can prosper. They support a wide range of digital payment choices, making transactions secure, simple, smart, and accessible through their technology, innovation, partnerships, and networks.
