Norway Job Openings
Mastercard
Senior Counsel, Regulatory Affairs and Privacy
Oslo
FULL TIME
August 9, 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
Senior Counsel, Regulatory Affairs and Privacy
- The Senior Counsel Regulatory Affairs/Privacy will play a key role in respect of the regulatory affairs of Mastercard Payment Services Norway and Mastercard Payment Services Infrastructure Norway (jointly “MPS Norway”), with emphasis on critical national payments infrastructure and payment services. The Norwegian Interbank Clearing System (NICS) is one of the most critical services Mastercard operates in Norway. NICS is really the heart of the Norwegian payment ecosystem. It is crucial for a modern society that banks, businesses and individuals can transfer money between them.
- This role will involve a high degree of collaborative working with others across the Mastercard organization including business counterparts and other Mastercard functional units more broadly and with members of Mastercard’s Regulatory Affairs, Privacy and Data Protection Legal team and Commercial Law teams in the Nordics and internationally.
- The successful candidate will be part of a global group of legal and regulatory specialists who between them cover Mastercard’s regulatory affairs in 210+ countries and territories under the leadership of Mastercard’s General Counsel, Regulatory Affairs.
- The role is located in Oslo, Norway.
Role
- The Senior Counsel Regulatory Affairs/Privacy will be working with business counterparts in respect of the preparation of customer and regulator engagement materials, updates, reports and presentations arising as a result of regulated customer and/or direct regulatory requirements, which include regulation on processing of personal data/payment data, the Norwegian National Security Act and indirect technology regulation applicable to our clients, including the EU Digital Operational Resilience Act.
- Cross business working including with Mastercard Payment Services (MPS) teams in Denmark.
- Provide advice and guidance to the business on proposed regulatory change, including agreeing changes to controls and business model, agreeing implementation plans and overseeing execution.
- Leading negotiations on regulatory aspects of commercial contracts with third parties (both customer and supplier).
- Advising on payment system/payment scheme oversight more generally.
- Building out and maintaining strong relationships with key regulators. Advising on and drafting of regulatory applications and any formal correspondence with regulators.
- Building and maintaining a strong working knowledge of laws and regulatory themes relating to payments, banking/ financial services, privacy, AI, data sovereignty, domestic payment schemes and regulatory collaboration specific to Norway.
- Managing outside counsel on relevant regulatory matters.
- To provide additional support to the commercial legal team as required, including with contracting drafting and negotiation, product launch requirements and analyzing legal issues.
- Working in close collaboration with other functional teams within Mastercard.
- Being a contributor to the broader activity of:
- Mastercard’s Global Regulatory Team both in Europe and globally.
- Mastercard’s Global Privacy and Data Protection Team both in Europe and globally
- Mastercard’s Law and Policy team in Europe.
- The position is based in Oslo and the candidate must have ability to work from the Oslo office at least 3 days a week on average.
- The role will have a close collaboration with MPS Privacy Senior Counsel
- The role will report into the Senior Counsel, Regulatory Affairs, MPS based in Copenhagen, Denmark.
All About You
- 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, privacy compliance, 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.
- 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 existing regulatory obligations, reacts to regulatory threats and opportunities and maintains good working relationships with key regulators.
- Willingness to get involved in commercial contract drafting and negotiation with the ability to support product launch requirements and conduct legal review in support of privacy legal team and the commercial team.
- Fluent in Norwegian (written and spoken). Fluent in English.
- Law degree required. Any additional qualifications are considered an asset.
- Ability to interpret regulations and guidance in order to assess the impact and develop practical solutions compliant with the relevant laws.
- Strong business acumen and solutions orientated to ensure the business makes informed risk-based decisions regarding new opportunities, markets, local initiatives and product and service offerings.
- Strong analytic capabilities and written and oral communication skills.
- Ability to work on complex issues of significant importance, to prioritize between substantial competing demands and adapt to evolving priorities.
- Good interpersonal skills with ability to work well in both team and individual settings.
- 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.
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