Senior Counsel, Regulatory Affairs

Our Purpose

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

Title and Summary

Senior Counsel, Regulatory Affairs

Who is Mastercard?
Mastercard is a global technology company in the payments industry. Our mission is 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. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

Overview
The Legal Team for Mastercard Payment Services is looking for a Senior Regulatory Counsel to support our Norwegian business. The role involves providing legal advice and guidance on Norwegian regulatory matters, with a particular focus on the payments and financial services landscape. The Senior Counsel will support the commercial law function, especially in relation to contractual aspects and related legal documentation, ensuring that business activities are aligned with applicable legal and regulatory requirements. The role requires a qualified candidate with a minimum of five years’ relevant legal experience, and the candidate must be fluent in Norwegian.

Title and Summary
• Senior Counsel
• Position – Senior Counsel, Regulatory Affairs
• Location – Oslo, Norway

The role
• 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 Legal Team for MPS and will have a high degree of collaborative working across the Mastercard organization in the Nordics
• The Senior Counsel will be providing advice and guidance on regulatory and data privacy 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 and the Payment Systems Act.
• Further, depending on the candidate profile, the role willmay support MPS Norway within the data privacy and data protection area and be responsible for i.a. negotiating data processing agreements with customers, suppliers and other relevant parties, assisting the MPS business in relation to maintaining up-to-date processing records, as well as providing privacy advice to the business on an on-going basis.
• The candidate will assist in drafting, reviewing, and interpreting contract clauses related to direct or indirect regulatory and data privacy requirements and participate in negotiations related to the same; as well as providing legal analysis and advice on regulatory and data privacy requirements in connection with product development and supporting the commercial legal function as required.
• This is an opportunity to build highly specialized knowledge of laws and regulatory/data privacy themes relating to payments infrastructure, data sovereignty, domestic payment schemes and much more while being part of an active and collaborative local and Nordic Mastercard community.
• 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 Voluntee