Manager, New Product Development

Mastercard•New York, NY

About The Position

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, or DQ, 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 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 the enablement of new products, including 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.

Requirements

The ideal candidate will have experience in various elements of the new product development process - product strategy, sales enablement and market positioning
Ability to coordinate with stakeholders and influence people of a diverse range of backgrounds
Passion for innovation and emerging technology
Understand revenue drivers and recognize opportunities to affect change, in order to optimize business performance
Strong analytical and quantitative skills with the ability to drive compelling narratives / storylines, and business cases – driving clear consensus on product value propositions that are synthesized from a variety of inputs and viewpoints
Excellent written and verbal communication with the ability to establish credibility and strong relationships with senior stakeholders
Comfort with and an ability to adapt in a rapidly changing environment

Nice To Haves

Working knowledge of credit/debit products, digital payments and AI landscape is an advantage

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 plan to deploy pilots and commercial solutions in market, in partnership with regional leads and sponsoring business units.
Coordinate strategic, tactical efforts, and planning 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., Tokenization, Artificial Intelligence).
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, etc.) to develop concepts and navigate the product development lifecycle, from early-stage concept 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.