Senior Counsel, Mastercard
Privacy & Data Protection
Office located in Purchase, NY
Global payments technology company
Open for applications
Global payments technology company
1001+ employees
Open for applications
Office located in Purchase, NY
1001+ employees
Company mission
To connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible.
Role
Who you are
- 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 corporation remains compliant with credit risk and data protection laws and other laws relating to data as well as industry best practices in the credit risk area
- JD from an accredited law school and admitted to practice in the US
- Demonstrated experience advising companies in the credit risk analytics space on privacy, credit risk, and data-related issues
- Demonstrated familiarity with data analytics, computer science, and/or mathematics preferred
- Expertise in credit reporting laws and regulations, as well as global privacy and data regulatory laws and frameworks, including the GDPR and privacy principles that are common across global laws and regulations
- Demonstrated experience in relevant technologies including data anonymization, privacy enhancing technologies, and artificial intelligence, and familiarity with ethical frameworks, data governance, and accountability
- Familiarity with emerging technologies and associated credit risk and privacy implications
- Strong analytic capabilities and written and oral communication skills
- Exceptional interpersonal skills with proven experience in relationship building and partnering with legal, business, and technical colleagues
- Ability to motivate and influence highly-skilled professionals to achieve major organizational goals
- Familiarity with Privacy by Design methodologies
- Strong writing skills and ability to simplify technical material for other audiences, including business teams, legal departments, and regulators
- An understanding of the credit risk industry in general, accompanied by an ability to acquire a deep understanding of Mastercard products and services in this space
What the job involves
- Mastercard is committed to balancing innovation while protecting individual privacy and has embraced privacy and data protection as core to the successful execution of our business strategy
- As part of that commitment, Mastercard has established a world-class privacy program and is adding talent to our global team
- The Senior Counsel role will ensure compliance with credit risk and privacy and data protection laws while enabling data-driven innovation, with particular focus on supporting the Data & Services (“D&S”) organization within Mastercard
- The position will report to the Senior Managing Counsel, Privacy & Data Protection who provides global privacy support for D&S, and will serve as a member of both the Global Privacy & Data Protection team and the Law & Policy team
- Engage with business and legal stakeholders to conduct privacy by design reviews for new D&S products and services, including for products relating to credit risk
- Among other things, this involves advising on the intersection between privacy laws, credit reporting laws, and other data-related compliance requirements as they pertain to data analytics offerings, consulting services, marketing services, and other products developed by D&S—including developing business-friendly legal guidelines for these activities while following the Mastercard privacy by design process
- Identify business requirements resulting from new and evolving privacy and credit risk laws and regulations, and provide guidance and thought leadership on topics relevant to the D&S organization, including but not limited to alternative credit risk solutions, data anonymization, and the application of artificial intelligence capabilities to the credit risk and data analytics space
- Collaborate with other internal stakeholders on regional privacy analysis and advice relating to global D&S products and services, including helping design controls for data environments used to support credit risk analytics
- Monitor changing global laws relating to permissible use of credit data and regulatory registration requirements, facilitate the review of local requirements, develop internal legal guidelines to promote consistency in credit risk projects within Mastercard, and support the drafting and negotiation of credit-related and other data processing contract terms
- Educate the business on privacy and credit risk developments and controls for the further development of D&S products and services
- Where necessary, identify, document and update a range of stakeholders including executives on identified privacy and credit risk compliance gaps and recommended remedial measures
Our take
Mastercard is in the global payments business, and operates the world's fastest payments processing network. Its products and solutions have become central to everyday commerce across the world, in activities ranging from shopping and travelling to running businesses.
As the economy has become more and more digitised, Mastercard has been a leading player in helping businesses and individuals across the globe embrace card payments and digital banking. One of the world's largest companies, its revenue has seen consistent gain in the last 20 years.
The challenge for modern payments companies is that payments are always changing, as seen in the astronomical rise of contactless payments over the last decade. Mastercard's acquisition of blockchain systems, and an overall focus on leveraging its technology towards a digital economy, has placed the company in good stead to keep up to date with current trends, like cryptocurrency, in the digitised payments world.
Steph
Company Specialist
Insights
Company
Company benefits
- Gym membership
- Share purchase options
- Extra holiday purchase optional
- Work from home opportunities
- Health insurance
Company values
- Trust - integrity, respect, openness
- Agility - urgency and value through innovation
- Partnership - working as one team for the benefit of all
- Initiative - taking bold and thoughtful actions
Company HQ
Purchase, Harrison, NY
Articles
Founders
Michael Miebach
(CEO, not founder)Has served in a variety of roles at the company, including President and CPO. Currently Board Member at IBM, Accion, the World Resources Institute, the US-India Strategic Partnership Forum, and the Metropolitan Opera. They are also a Trustee of USCIB.
People progressing
Joined as VP in 2008, promoted 4 times in 11 years to their current position of Executive Vice President.
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