Director, New Product Development

Mastercard•New York, NY

1d•Onsite

About The Position

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 Digital Assets/Stablecoins, Consumer value propositions, Digital payments, Payment Acceptance and Processing, and applications of Artificial Intelligence. The Director, New Product Development will be a critical driver of product strategy across the Core Payments portfolio of new products at Mastercard. The role will focus on identification of new digital products, services and solutions that differentiate and grow Mastercard’s Core Payments business. This role will lead new product development for digital assets / cryptocurrency and stablecoin capabilities, translating emerging blockchain technologies into scalable, compliant payment solutions across Mastercard’s network. The Director will partner closely with product, engineering, security, compliance, ecosystem partners and Foundry capabilities (R&D, CXD, Start Path, etc.) to design and deliver technically robust crypto/stablecoin products from concept through commercialization. Responsibilities will include driving new product strategy, cross-portfolio narrative, and selective identification, testing and launch of new products and ventures that drive significant in year revenue and strategic differentiation for Mastercard.

Requirements

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
Proven experience leading product development for cryptocurrency, stablecoin, or blockchain‑based solutions in a regulated financial services environment
Strong understanding of blockchain infrastructure, stablecoin models, wallets, settlement flows, and on/off‑ramp architectures, with the ability to translate concepts into scalable products
Demonstrated ability to partner effectively with engineering, security, legal, compliance, and risk teams to deliver compliant, production‑grade solutions
Track record of taking new products from concept to launch, including defining requirements, managing tradeoffs, and driving execution across cross‑functional teams
Strategic, outcome‑oriented leader with the ability to influence stakeholders, articulate a clear product/ concept vision, and operate effectively in ambiguous, fast‑evolving environments
Excellent presentation and communication skills, both drafting and presenting, oral and written
Bachelor’s degree required

Nice To Haves

Prior consulting, banking or emerging payments experience a plus
Advanced degree a plus

Responsibilities

Lead new product development for digital assets / cryptocurrency and stablecoin capabilities, from early concept and prototyping through pilot, and launch across Mastercard’s network
Define and own the product vision / concepts and roadmap for crypto and stablecoin use cases
Partner closely with product, engineering, architecture, and security teams to design production‑grade, scalable blockchain‑based solutions that drive commercial value
Collaborate cross‑functionally with legal, compliance, risk, and franchise teams to ensure all crypto/stablecoin products are compliant with regulatory requirements and Mastercard rules frameworks
Translate emerging blockchain and stablecoin technologies into clear product requirements, technical tradeoffs, and executable delivery plans
Engage with external partners (e.g., VASPs, issuers, fintechs, infrastructure providers) to co‑develop and integrate crypto and stablecoin solutions into the Mastercard ecosystem
Drive experimentation through proofs‑of‑concept and market tests, incorporating learnings into product iterations and commercialization decisions
Build business cases and success metrics to demonstrate customer value, MA network impact, and commercial viability of crypto and stablecoin products
Serve as an internal subject‑matter expert on crypto, stablecoins, and digital asset infrastructure across Mastercard
Mentor and provide guidance to junior team members.

Benefits

insurance (including medical, prescription drug, dental, vision, disability, life insurance)
flexible spending account and health savings account
16 weeks of new parent leave
up to 20 days of bereavement leave
80 hours of Paid Sick and Safe Time
25 days of vacation time
5 personal days
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