The Commercial Counsel will be responsible for working in close partnership with individual business units and cross functional teams to provide legal and regulatory guidance and negotiate commercial contracts as Marqeta develops, implements and updates its products and services, and enters into new business relationships.
Negotiate complex master agreements with Marqeta’s customers, and technology contracts with vendors
Provide timely, concise and business-focused legal advice on payments law impacting Marqeta’s contractual relationships
Continuously improve standard form agreements and legal processes to help scale the legal function
Work in partnership with other members of the legal team
Instruct and manage outside counsel, as necessary
Handle other matters as required to support the business
An experienced, solution-oriented and proactive attorney
Proven ability to proactively support sales teams and direct all aspects of the contract management cycle
Proven track record of providing creative and timely complex contract solutions that further a company’s business objectives
A keen sense of ownership, and highly adaptable to a fast-changing environment
A solid business focus with practical risk awareness
Education and Experience
JD and 6+ years of experience practicing either in-house (or in an equivalent setting) or at a reputable law firm, with at least 2 years working in or advising companies in the payments space
Strong track record negotiating a range of complex commercial agreements, including sales, IP licensing, partnerships, and marketing
Creative problem solver
Ability to handle multiple assignments simultaneously, with effective resolution of conflicting priorities
Excellent oral and written communication skills and ability to work both in teams and independently
Experience drafting and negotiating contracts for payments companies or financial institutions
A working knowledge of laws impacting the payments industry is a plus, including federal and state consumer financial and protection laws and regulations like, Regulation E; Regulation Z, BSA/AML, UDAAP, and data privacy law
Admitted to the California state bar or certified to practice in California
Sense of humor
About Marqeta, Inc.
Founded in 2010, Marqeta has re-engineered how payment cards, virtual cards, and mobile authorization products should be developed and deployed. The Marqeta Platform, built from the ground up with no legacy infrastructure, provides the world’s first fully documented, open API issuer processor platform. Adopters of The Marqeta Platform include leading financial services, e-commerce, retail, and social media brands.
Marqeta offers developer-friendly solutions to meet the ever-evolving demands of the payments market: DELIVERY, LEND, DISBURSE, EXPENSE, and VIRTUAL. Each of these solutions includes a sophisticated set of controls and configurations that are designed to meet the needs of on-demand service companies, alternative lenders, as well as those looking for payouts for 1099 workers, flexible expense management, and scalable, secure virtual card transactions.