Assistant General Counsel Director, Product & Regulatory | Marqeta | $166k – $276k | Remote (United States)

Assistant General Counsel Director, Product & Regulatory | Marqeta | $166k – $276k | Remote (United States)

166,000 - 276,000 / year
Remote US
Application ends: July 29, 2024
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Job Description

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 up 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 is powering the most well known brands in the new economy (Block, Cash App, Affirm, Instacart, Doordash, Uber, Walmart, etc). Today nearly 8 out of 10 Americans use a product powered by Marqeta every week. This is the opportunity of a lifetime to work with innovators around the world and unlock equitable financial access for all.

To help advance our vision of modern money movement, Marqeta is looking for an Assistant General Counsel 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 are looking for someone with sharp analytical and communication skills, who is diligent, organized, engaged, proactive, collaborative, and who has demonstrated excellent legal and business judgment and strategic thinking. You will report to the Deputy General Counsel overseeing product, regulatory and privacy. 

What You’ll Do

  • Provide legal advice on payment laws, financial services regulations, data privacy, consumer protection, and enforcement actions for existing products and new features
  • Deep and practical knowledge and expertise in rules, laws and regulations related to prepaid and debit products, including EFTA/Regulation E, Durbin/Regulation II and card network rules 
  • 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
  • Lead cross functional efforts to develop an approach for engagement with regulators and public policymakers for key financial regulatory areas impacting our products
  • 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 

What We’re Looking For 

  • 10+ years’ experience practicing in-house in fintech or banking or at a reputable law firm, preferably with at least 5 years focused on payments law or financial services regulatory analysis, including prepaid, debit and digital currency
  • 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 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 clients 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

Your Manager

Recruiter For This Role

  • Kelly Hardesty

Typical Process

  • Application submission
  • Recruiter phone call
  • Hiring manager video call
  • Take-home exercise 
  • Virtual “Onsite” consisting of 4-5, 45 min calls
  • Offer!

Compensation and Benefits

Marqeta is a Flex First company which allows you to choose your best working environment, whether that be from home or at a company office. To support Flex First, we calibrate pay to a competitive value according to working location. Compensation is aligned according to three tiers within the United States:

  • National: A baseline tier that applies to most of the geographic territory of the United States.
  • Premium: Slightly elevated from the National tier, and oriented toward a narrower set of higher cost-of-living areas, such as Los Angeles CA and Seattle WA
  • Premium Plus: A tier for the most expensive working areas, like the San Francisco Bay area and New York City.

Visit this page or consult with a Recruiter to determine which tier would be applicable to you.

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: $165,600 – $220,800
  • Premium: $186,300 – $248,400
  • Premium Plus: $207,000 – $276,000

We also believe in recognizing the contributions of our people. That’s why we award annual bonuses to eligible employees, rewarding both individual performance and the success of the entire company.

Along with monetary compensation, Marqeta offers

  • Multiple health insurance options
  • Flexible time off – take what you need
  • Retirement savings program with company contribution
  • 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 our people growth and development