The Director of New Product Development at Mastercard leads product innovation, engages in idea generation, and oversees execution of market-ready solutions in the payments sector.
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 - New Product Development
Who is Mastercard?
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. Our decency quotient drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
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 Business & Market Intelligence and Open Finance organizations. 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.
-Previous experience working in the payments innovation space delivering new to market value propositions strongly preferred.
-Strong analytical, verbal and written communication skills.
-Past experience with AI and data products a plus.
-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:
In line with Mastercard's total compensation philosophy and assuming that the job will be performed in Canada, the successful candidate will be offered a competitive pay based on location, experience and other qualifications for the role and may be eligible to participate in a discretionary annual incentive program. This posting reflects one or more current openings on our team.
Pay Ranges
Toronto, Canada: $150,000 - $234,000 CAD
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 - New Product Development
Who is Mastercard?
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. Our decency quotient drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
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 Business & Market Intelligence and Open Finance organizations. 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.
-Previous experience working in the payments innovation space delivering new to market value propositions strongly preferred.
-Strong analytical, verbal and written communication skills.
-Past experience with AI and data products a plus.
-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 Canada, the successful candidate will be offered a competitive pay based on location, experience and other qualifications for the role and may be eligible to participate in a discretionary annual incentive program. This posting reflects one or more current openings on our team.
Pay Ranges
Toronto, Canada: $150,000 - $234,000 CAD
Top Skills
AI
Data Products
Payments Innovation
Mastercard Toronto, Ontario, CAN Office
121 Bloor Street East, Toronto, Ontario, Canada, M4W 3M5
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