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Counsel

Mastercard

Mastercard

Legal
Johannesburg, South Africa
Posted on Wednesday, June 5, 2024

Our Purpose

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 Summary

Counsel

Overview
• Responsible for providing legal advice to assigned business units and/or markets providing comprehensive, end-to-end legal support by facilitating thoughtful risk-taking to enable MasterCard to deliver on strategy

Responsibilities
• Oversees all legal and regulatory matters for a business unit or market, including partnering with the business and legal specialists to implement applicable laws and regulations that facilitate commercial operations and activities
• Serves as the primary legal advisor and considers the overall benefit to the business unit or market as the highest priority when structuring legal deals and contracts
• Negotiates, drafts, and approves key business and legal agreements that are complex, high-risk, and strategic in nature
• Leads communications and training to clients on legal issues, including explaining implications on business operations and legal risks
• May engage and manage relationship with outside counsels on specific business-related research and analysis
• Coaches and mentors others while serving as a technical expert, often leading cross-functional strategic initiatives and sharing legal knowledge for a business and/or market
• Drive cross-functional collaboration with Data Privacy/Use, Intellectual Property, Insurance and Regulatory attorneys.
• Strong contract drafting and negotiation skills, as well as the ability to help clients structure complex, forward-thinking technology and business solutions, managing a variety of related legal and compliance issues as well as support product launch requirements in region, factoring in legal, market and customer requirements and expectations.
• Responsibilities will include: (i) structuring, drafting, and negotiating customer services agreements, vendor agreements, strategic business transactions, technology licensing agreements, terms of use, and memoranda of understanding; (ii) participating in the product development process, issue-spotting and liaising with subject matter experts (internal and external) to guide the team to workable solutions; (iii) reviewing sales and marketing materials, press releases, and other internal and external communications; and (iv) advising management teams on the identification and analysis of complex legal issues and commercial risks.
• Provides thought leadership on risk and other legal issues as member of the divisional management team.
• Work together with and assist other departments as required, both on a local/regional and a global level such as but not limited to Finance, the Franchise Department, Risk Management as well as their assigned functional in-house counsels.
• Conduct local training/monitoring of global Law Department policies such as compliance and contract policy training.
Experiences
• Successful track record in managing and resolving enterprise wide and/or strategic high-risk business issues
• Often called upon to represent MasterCard at external industry events, contributing to expert panels and sharing white papers and best practices, etc., to enhance the organization's brand
• Minimum of 5 -7 years PQE (Post Qualification Experience) in a Commonwealth jurisdiction
• English language capability essential

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.