Description
Mastercard’s Global Regulatory Team is looking for a Counsel in Mexico City to serve as regulatory counsel to Arcus, a Mastercard company licensed as an Institución de Fondos de Pago Electrónico (IFPE), and to Mastercard Transaction Services (MTS) across Latin America and the Caribbean.
The role involves acting as regulatory counsel to Arcus and MTS product and business teams in Mexico and across LAC, advising on the product and operational implications of regulations applicable to electronic payment funds institutions, real-time payments, and other funds transfers.
Key responsibilities include:
- Supporting the expansion, variation, and ongoing maintenance of the Arcus IFPE license
- Engaging with Mexican regulators and supervisors, including filings, license applications and variations, responses to information requests, and examination and remediation support
- Participating in product development to ensure new and expanded products launch consistent with applicable regulation and licensing requirements
- Contributing to regulatory strategy for money transmission and transfer solutions in Mexico and the broader LAC region
- Working cross-functionally with Product, Compliance, Risk, Privacy, Franchise, and Legal colleagues on licensing, supervisory matters, and systems of control
- Monitoring Mexican regulatory change and preparing clear, business-ready insights and escalations for senior management
- Instructing and managing outside counsel, and supporting advocacy efforts including submissions and talking points for industry and regulatory engagement
Requirements:
- Licenciatura en Derecho from an accredited Mexican university, or a JD or LLM from an accredited law school with the ability to advise on Mexican law
- Demonstrated experience advising on Mexican payments and financial services regulation, including the Fintech Law and IFPE regime, SPEI and domestic payment schemes, and money transmission requirements
- Experience with licensing and regulator engagement in Mexico, including applications, variations, and supervisory responses before Mexican financial authorities
- Legal practice experience in regulation, technology, finance, or financial services at a reputable law firm, a regulator, or in-house
- Fluency in Spanish and English, with excellent written and oral communication skills in both