Counsel, Product & Regulatory

About the role

Marqeta is seeking a legal professional to advise on product development and regulatory compliance within the payments industry. This role involves guiding complex initiatives and managing legal risks associated with financial products.

Key facts

What you'll do

• Provide expert counsel on laws and regulations governing prepaid, debit, and credit card products, including EFTA/Regulation E, Durbin/Regulation II, TILA/Regulation Z, and card network requirements.
• Offer legal guidance on payment laws, financial services regulations, consumer protection, and enforcement actions for current and new product features.
• Evaluate legal risks, propose mitigation strategies, and advise product, engineering, risk, and go-to-market teams to ensure the integrity of the financial platform.
• Analyze emerging regulations in the payments and financial services sectors to determine their impact on Marqeta's offerings.
• Collaborate with internal teams, sponsor banks, and clients to facilitate the introduction of new products, features, and campaigns.
• Manage external legal counsel relationships.

Requirements

• A Juris Doctor (JD) degree and active standing in a State Bar.
• A minimum of 5 years of legal practice experience, either in-house at a fintech or banking company, or at a respected law firm, with a focus on prepaid, debit, or credit card products.
• Comprehensive understanding of the payments industry, including the legal and regulatory landscape for banks and ecosystem participants like issuer processors and program managers.
• Demonstrated ability to manage complex projects independently and as part of a team, meeting demanding deadlines in a fast-paced environment.
• Strong business acumen with a practical approach to risk assessment, balancing legal risk mitigation with business objectives.
• Excellent verbal and written communication skills, with the capacity to work effectively both independently and collaboratively, and to influence outcomes.
• Ability to engage in constructive debate and challenge others respectfully.
• Advanced problem-solving skills, with the capacity to quickly analyze issues, evaluate solutions, and empower oneself and others.

Nice to have

• Experience with issuer processing and program management.

Skills & tools

• Legal research and analysis
• Regulatory interpretation
• Contract negotiation
• Risk assessment and mitigation
• Cross-functional collaboration

Practical notes

Compensation:

• Base salary range:
• National Tier: $188,800 - $236,000
• Premium Tier: $204,600 - $255,800
• Premium Plus Tier: $220,400 - $275,500
• Annual bonus eligibility.
• Benefits include health insurance options, flexible time off, retirement savings plan with company match, equity and Employee Stock Purchase Program, family-forming benefits including 20 weeks parental leave, mental health support, financial and professional coaching, legal advice, and a monthly remote work stipend.
• Annual development dollars for professional growth.
• Visa sponsorship is not available for this role.
• Application process: Application submission, recruiter video call, hiring manager video call, virtual onsite (4-5 x 30-minute video calls), offer.