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Mastercard

Manager, Innovation / New Product Development

Mastercard, New York, New York, us, 10261

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Manager, Innovation / New Product Development

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Overview Mastercard Foundry is the innovation engine of Mastercard and a hub for new product development. We drive 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 Consumer value propositions, Digital payments, Tokenization / Privacy enhancing technologies, Payment Acceptance and Processing, and applications of Artificial Intelligence. Within Foundry, the Manager will be a critical driver of new product development, including identification, execution, and in-market delivery of new digital products and solutions. The responsibilities include execution of near-term opportunities that drive significant in-year revenue and strategic differentiation for Mastercard, as well as scoping, identification, and in-market testing of longer-term product concepts and solutions.

Responsibilities

Uncover new trends and identify relevant opportunities in the future of payments.

Present findings that translate complex concepts into simple, compelling narratives.

Experiment quickly with proposed solutions via development of prototypes and proofs-of-concept.

Develop go-to-market plans to deploy pilots and commercial solutions in market, in partnership with regional leads and sponsoring business units.

Coordinate strategic and tactical efforts to facilitate execution and deployment of key priorities globally, partnering with cross-functional teams.

Drive thought leadership and the learning agenda across key opportunity spaces and emerging technologies (e.g., Social Commerce, Generative AI).

Build analytics and business cases to prove commercial value of products launched.

Partner with cross-functional teams (e.g., Technology, Legal, Data Privacy, Delivery, Finance, Marketing, Sales) to develop concepts and navigate the product development lifecycle from ideation through commercialization.

Analyze and translate information into actionable insights and recommendations to drive business strategy and innovation.

Manage assigned initiatives and compile updates to share progress with executive leadership.

Mentor and provide guidance to junior team members.

All About You (Qualifications)

Passion for innovation and emerging technology

Strong problem solving, research, analytical and quantitative skills, with the ability to build business cases that articulate commercial value

Experience in product management, fast prototyping and design thinking

Experience in the evolution of digital payments, including key trends in the market, competitive and regulatory trends

Excellent project management and organizational skills

Strong track record of driving tangible business results

Excellent presentation and communication skills, both drafting and presenting, oral and written

Prior consulting, banking or emerging payments experience a plus

Bachelor’s degree required, Advanced degree a plus

Corporate Security Responsibility Every Person Working For, Or On Behalf Of, Mastercard Is Responsible For Information Security. All Activities Involving Access To Mastercard Assets, Information, And Networks Comes With An Inherent Risk To The Organization and Therefore, the Successful Candidate 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;

Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.

Compensation and Benefits In line with Mastercard’s total compensation philosophy, the successful candidate will be offered a competitive base salary and may be eligible for an annual bonus or commissions depending on the role. Salary ranges are location dependent and may vary based on factors including knowledge, skills, and experience. Mastercard benefits for full-time employees generally include health insurance, FSA/HSA, paid leaves, vacation, holidays, 401(k) match, and other perks.

Pay ranges for related roles (illustrative): New York City, NY: $143,000 - $228,000 USD; Purchase, NY: $137,000 - $219,000 USD.

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