Counsel, Product & Regulatory

About the role

To help advance our vision of modern money movement, Marqeta is looking for a Counsel, Product and Regulatory who is enthusiastic about payments technology and its potential for positive impact in peoples’ lives. You will help drive high-profile cross-functional initiatives across the business involving a variety of complex legal and regulatory issues, relating to managing risk for financial and payments products. This requires strong business acumen and the ability to both work independently and with large multi-stakeholder teams. We work Flexible First—this role can be performed remotely anywhere within the United States.

The Impact You’ll Have

• Act as a trusted advisor with deep knowledge and expertise in the rules, laws and regulations related to prepaid, debit, and credit card products, including EFTA/Regulation E, Durbin/Regulation II, TILA/Regulation Z, and card network rules
• Provide legal advice on payment laws, financial services regulations, consumer protection, and enforcement actions for existing products and new features
• Assess legal risks, recommend mitigation strategies, and provide legal advice to cross-functional stakeholders (product, engineering, risk teams, go-to-market, etc.) in connection with maintaining integrity of the financial platform
• Monitor and conduct analyses of new regulations in the payments/financial services space to assess their applicability to the payments/financial products Marqeta offers
• Work closely and collaboratively with Marqeta’s internal teams, sponsor banks, and customers to enable launches of new products, features, and campaigns
• Collaborate with and manage outside legal counsel
• Be a team player and self-starter with drive and initiative
• Have high integrity and great judgment while working across the organization

Requirements

• 5+ years’ experience practicing in-house in fintech or banking or at a reputable law firm, with a focus on the prepaid, debit, and/or credit card space
• Deep understanding of the payments industry, including the laws, rules, and regulations related to banks and the participants in the payments ecosystem, including issuer processors and program managers
• A keen sense of ownership and the ability to independently and collaboratively drive complex projects to completion on tight timelines in a fast-moving, high-performing environment
• A solid business focus with practical risk awareness and the ability to balance legal risk mitigation against key business objectives and risks
• Excellent oral and written communication skills; ability to work on teams and independently; ability to drive accountability and influence outcomes
• The ability to challenge and be challenged both internally and with banks and customers in a constructive and respectful way
• Advanced problem-solving skills, i.e., the ability to quickly digest a problem, evaluate various options/solutions, and empower yourself and others to deliver
• Team player with a positive attitude and commitment to excellence
• JD degree and member in good standing of a State Bar

Pay

When determining salaries, we consider several factors including, but not limited to, skills, prior experience, and work location. The new-hire base salary range for this position is:

• National: $188,800 - $236,000
• Premium: $204,600 - $255,800 (for higher cost-of-living areas such as Los Angeles, CA, and Seattle, WA)
• Premium Plus: $220,400 - $275,500 (for the most expensive areas like the San Francisco Bay area and New York City)

We also award annual bonuses to eligible employees, rewarding both individual performance and the success of the entire company.

Benefits

• Multiple health insurance options
• Flexible time off – take what you need
• Retirement savings program with company contribution and after-tax contributions
• Equity in a publicly-traded company and an Employee Stock Purchase Program
• Family-forming benefits, fertility support, and up to 20 weeks of Parental Leave
• Free therapy sessions, financial and professional coaching, and legal advice
• Monthly stipend to support our remote work model
• Annual “development dollars” to support growth and development

About Marqeta

Marqeta is on a mission to change the way money moves. We’re one of the earliest enablers of embedded finance, a market opportunity sized in the trillions. Our card issuing platform provides unprecedented flexibility and control for companies to issue cards, authorize transactions, and manage payment operations in real time. Marqeta powers well-known brands in the new economy (Block, Cash App, Affirm, Instacart, Doordash, Uber, Walmart, etc.).

Marqeta’s values:

• Solve for the Customer: With a deep understanding of our customers' business and empathy for their needs, we deliver products and services that drive their success. Earning and keeping their trust guides everything we do.
• Do What's Right: Knowing businesses and livelihoods depend on us, we pursue solutions that disrupt responsibly and deliver high-quality results that our customers count on. We own our work from start to finish.
• Simplify and Innovate: We approach challenges with curiosity and take smart risks. Innovation comes from finding better, simpler ways to achieve extraordinary outcomes.
• Win as a Team: We succeed together by embracing diverse perspectives and pushing each other to raise the bar. We lead with humility and set aside hierarchy to work as a team.
• Make it Count: We drive forward with focus and agility. With a sense of urgency and purpose, we get the job done, and done right.