Director - Product Development - Mastercard Foundry

Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Title and Summary
Director - Product Development - Mastercard Foundry
Overview
Mastercard Foundry is the innovation engine of Mastercard and a hub for new product development. We do this by driving product innovation in emerging technologies and interfaces while focusing on developing a point of view to enhance existing solutions and new use-cases. We also focus on building revenue generating ecosystems and flywheels that can be standalone in adjacent segments and markets. Examples of focus areas include commercial payments, new payment flows, real time payments, data and services.
Within Foundry, the Director, Product Development will be supporting the execution of new to market product development across Mastercard Security Solutions and Services. Role responsibility includes identification, execution, and in-market delivery of new products and solutions. The responsibilities will include execution of near-term opportunities that drive significant in year revenue and strategic differentiation for Mastercard, as well as scoping, identification, in-market testing of longer-term product concepts and solutions.
Role
• Engage in idea generation for new to market products and solutions including workshop facilitation and collateral development.• Facilitate the development of product concepts and prototypes, including independently owning and delivering key workstreams. • Partner with Product & Engineering and Foundry's CX&D team on concept validation and market testing. • Contribute/own business case development and go-to-market planning for individual products. • Own and deliver high quality materials to facilitate internal and external decision making.• Foster innovation and new idea generation • Lead cross functional workshops and manage follow up actions to completion.• Partner with CXD, Product and R&D teams by providing prioritized requirements. • Work within a matrix organization to influence and drive outcomes within tight timelines.
All About You
• Strong product development and management experience, including rapid opportunity identification, concept development, product requirements and user stories, business model innovation, and in-market testing of global products is preferred. • In-depth understanding of the payment ecosystem, flows, and financial crime and security challenges.• Understanding of Agentic Commerce and prior experience in the space required.• Previous experience working in the payments innovation space delivering new to market value propositions strongly preferred.• Strong analytical, verbal and written communication skills.• Critical thinker that is comfortable with technical details, and experience working with R&D teams.• Flair in connecting people and ideas; ability to operate in a matrix environment.
Mastercard is a merit-based, inclusive, equal opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law. We hire the most qualified candidate for the role. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment process, please contact [email protected] and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.
Corporate Security Responsibility
All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:

• Abide by Mastercard's security policies and practices;
• Ensure the confidentiality and integrity of the information being accessed;
• Report any suspected information security violation or breach, and
• Complete all periodic mandatory security trainings in accordance with Mastercard's guidelines.

In line with Mastercard's total compensation philosophy and assuming that the job will be performed in the US, the successful candidate will be offered a competitive base salary and may be eligible for an annual bonus or commissions depending on the role. The base salary offered may vary depending on multiple factors, including but not limited to location, job-related knowledge, skills, and experience. Mastercard benefits for full time (and certain part time) employees generally include: insurance (including medical, prescription drug, dental, vision, disability, life insurance); flexible spending account and health savings account; paid leaves (including 16 weeks of new parent leave and up to 20 days of bereavement leave); 80 hours of Paid Sick and Safe Time, 25 days of vacation time and 5 personal days, pro-rated based on date of hire; 10 annual paid U.S. observed holidays; 401k with a best-in-class company match; deferred compensation for eligible roles; fitness reimbursement or on-site fitness facilities; eligibility for tuition reimbursement; and many more. Mastercard benefits for interns generally include: 56 hours of Paid Sick and Safe Time; jury duty leave; and on-site fitness facilities in some locations.
Pay Ranges
Purchase, New York: $179,000 - $305,000 USD