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 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 our US Product & Regulatory lead counsel.
We work Flexible First. This role can be performed remotely anywhere within the United States. We’d love for you to join us!
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
Who You Are
- 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
Your Manager
- Kristal Rovira, Counsel, Product & Regulatory
Recruiter
- Agata Wojciechowska
Typical Process
- Application submission
- Recruiter video call
- Hiring manager video call
- Take-home exercise
- Virtual “Onsite” consisting of 4-5, 30 min video 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: $188,800 - $236,000
- Premium: $204,600 - $255,800
- Premium Plus: $220,400 - $275,500
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 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 our people growth and development
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). You don’t need to be a Payments expert to join the Marqeta Team, let us help you with that. This is the opportunity of a lifetime to work with innovators around the world and unlock equitable financial access for all.
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.
Equal Employment Opportunity, Accommodations and Privacy
Marqeta is an equal opportunity employer committed to an inclusive workplace that fosters belonging. We do not discriminate based on race, color, religion, sex (including pregnancy, lactation, childbirth, or related medical conditions), veteran status or uniformed service member status, age, national origin or ancestry, citizenship or immigration status, physical or mental disability, gender identity, gender expression, sexual orientation, genetic information (including testing or characteristics) or any other characteristic protected by applicable law. We also consider qualified applicants with criminal histories, consistent with legal requirements.
Marqeta endeavors to make reasonable accommodations for applicants with disabilities. If you are an individual with a disability and require a reasonable accommodation to submit this application, complete any pre-employment testing, or otherwise participate in the employee selection process, please submit this form with your specific accommodation request.
Personal data that is provided as part of the application and recruitment process is processed in accordance with the Applicant Privacy Notice. Additional information for California residents can be found here.
Skills Required
- JD degree and member in good standing of a State Bar
- 5+ years' experience practicing in-house in fintech or banking or at a reputable law firm, focused on prepaid, debit, and/or credit card space
- Deep knowledge of payments laws, rules, and regulations (EFTA/Regulation E, Durbin/Regulation II, TILA/Regulation Z) and card network rules
- Experience providing legal advice on payment laws, financial services regulations, consumer protection, and enforcement actions
- Experience working with sponsor banks, issuer processors, program managers, and payments ecosystem participants
- Excellent oral and written communication skills
- Ability to assess legal risk, recommend mitigations, and balance legal risk against business objectives
- Ability to collaborate cross-functionally and drive complex projects to completion on tight timelines
- Experience managing and collaborating with outside legal counsel
What We Do
Marqeta enables payment possibilities for the world's innovators. Our open API card issuing platform provides unprecedented flexibility and control for industry-leading companies such as Block, Coinbase, Klarna, Affirm and Uber, to issue cards, authorize transactions, and manage payment operations in real-time.
Why Work With Us
Marqeta strives to build a global team as diverse as the markets we serve, staying true to our values: Connect the Customer, Everyone Belongs, Marqeta Cares, Lead Innovation, Deliver Results, Quality First and Build One Marqeta. It's an exciting time to join Marqeta. As we grow, your career and opportunities will grow as well.
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