Senior Counsel, Regulatory Affairs
We work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results.
Title and SummarySenior Counsel, Regulatory AffairsOverview
• The Senior Counsel Regulatory Affairs will be supporting Mastercard’s two legal entities in Norway (MPS Norway), with emphasis on critical national payments infrastructure and payment services. Mastercard in Norway delivers technology services for the Norwegian Interbank Clearing System (NICS), i.e. the systems for clearing of all electronic Norwegian Krone payment transactions. MPS Norway is also service provider for all banks in Norway in terms of Avtalegiro and E-faktura, billpay services used by millions of Norwegian consumers and businesses. Mastercard thus plays a crucial part in ensuring secure and robust systems for transfer of money in Norway.
• The role is part of the global Regulatory Affairs team and will have a high degree of collaborative working across the Mastercard organization in the Nordics and globally.
• The Senior Counsel Regulatory Affairs will be providing advice and guidance on regulatory matters in respect of Mastercard’s services. This involves supporting customer and regulator engagement materials, updates, reports and presentations as well as engagement with internal stakeholders in the business and the Risk, Commercial Law and Privacy teams. MPS Norway sees key regulatory impact from the Norwegian National Security Act and indirect technology regulation applicable to our clients, including the EU Digital Operational Resilience Act, Payment Systems Act, the Finance Agreements Act and the ICT regulation (IKT-forskriften).
• The role includes collaboration across functions and geographies, including with Mastercard Payment Services (MPS) teams in Denmark and global Mastercard functions. As such the candidate will have the opportunity to work with and learn from industry leading subject matter experts across multiple subject matter areas.
• The candidate will assist in drafting, reviewing, and interpreting contract clauses related to direct or indirect regulatory requirements and participate in negotiations related to the same; as well as providing legal analysis and advice on regulatory requirements in connection with product development and supporting the commercial legal team as required.
• A key aspect will be helping MPS Norway build and maintain strong relationships with regulators.
• Mastercard puts strong emphasis on a diverse, collaborative, and respectful culture and MPS Norway is a strong community where colleagues are encouraged to engage in civic duties and sports activities. All Mastercard employees are thus granted 5 annual Volunteer Days that can be used to support community activities, and MPS Norway employees get together in MPS Active for running training, yoga, cycling, football and more.
• This is an opportunity to build highly specialized knowledge of laws and regulatory themes relating to payments infrastructure, data sovereignty, domestic payment schemes and much more while being part of an active and collaborative local and global Mastercard community.
• The position is based in Oslo and the candidate must have the ability to work from the Oslo office at least 3 days a week on average.
• The role will report into the Senior Counsel, Regulatory Affairs, MPS based in Copenhagen, Denmark.
• Experience as a lawyer in reputable Norwegian law firms and/or in-house counsel in Norway.
• Ability to establish overview of complex regulatory matters and identify impact on our services or internal organization.
• Experience with, or interest in, financial services regulation with emphasis on technology infrastructure, operational resilience and third-party risk management and outsourcing regulation, including the EU Digital Operational Resilience Act and local Norwegian national security regulation in respect of digital infrastructure. Experience from similar infrastructure related areas will also be relevant.
• The ideal candidate will have the ability to think and act both strategically and tactically with respect to the needs of business clients and their objectives while ensuring that the we remain compliant with existing regulatory obligations, react to regulatory threats and opportunities, and maintain good working relationships with key regulators.
• Language requirements: Fluent in Norwegian (written and spoken). Fluent in English.
• Law degree required. Any additional qualifications are considered an asset.
• Ability and willingness to take project management responsibility for regulatory driven processes.
Corporate Security Responsibility
All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:
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.