Vice President, New Product Development – Mastercard Foundry
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 clear point of view to enhance existing solutions and unlock new use-cases. We also focus on building revenue-generating ecosystems and flywheels that can scale as standalone solutions across adjacent segments and markets. Examples of focus areas include commercial payments, new payment flows, real-time payments, and data and services. This is a rare opportunity to define and lead a new data network—setting the rules, standards, and commercial frameworks for how data is exchanged and valued across industries. This role sits at the intersection of Open Finance and Business & Market Intelligence, with a strong emphasis on shaping platform-level capabilities, including data sharing frameworks, consent infrastructure, identity, and API-driven ecosystems. The Vice President, New Product Development will lead the identification, design, and delivery of new-to-market products that enable secure, scalable, multi-sided data ecosystems. This includes both near-term commercial opportunities that drive revenue and differentiation, as well as longer-term platform bets that establish Mastercard as a leader in open data networks and financial connectivity. This role requires operating in high ambiguity, translating business strategy into platform constructs, and leading alignment across internal and external stakeholders.
Requirements
- Proven experience in 0→1 product development within complex enterprise environments
- Strong experience in open finance/open banking, payments, data platforms, or API ecosystems is preferred
- Ability to think beyond features to platforms, protocols, and ecosystem design
- Deep understanding of multi-sided marketplace dynamics and data value exchange models
- Strong analytical and communication skills, with the ability to craft compelling executive narratives that drive decisions
- Able to assess build vs. buy vs. partner decisions without relying entirely on engineering
- Understanding of AI-driven and agentic patterns in data ecosystems is a plus
- Operates effectively in high ambiguity and fast-moving environments
- Demonstrated ability to influence cross-functional teams without authority
- Strong experience leading structured discovery, experimentation, and validation
- Proven ability to connect ideas, people, and opportunities into scalable solutions
- Experience working across global markets and regulatory environments
Responsibilities
- Lead 0→1 product development from concept through in-market validation and scaling
- Drive the definition of platform-level standards (e.g., data models, consent frameworks, identity schemes, API standards) in close partnership with architecture and engineering
- Translate business opportunities into scalable platform architectures, leading the product team and working cross-functionally with engineering, architecture, data science, and design teams
- Identify and prioritize high-impact use cases across domains (e.g., financial services, lending, insurance, payroll, commercial data)
- Engage financial institutions, fintechs, and enterprise partners in co-creation and market validation
- Experience designing or contributing to pricing models, revenue share frameworks, or commercial structures for data products or platform services
- Maintain a strong, informed perspective on the competitive landscape (e.g., aggregators, open banking platforms) and implications for Mastercard
- Own business case development, commercialization strategy, and go-to-market planning
- Lead cross-functional delivery across Product, Engineering, CXD, and regional teams; engage and align with stakeholders across business units
Benefits
- competitive pay based on location, experience and other qualifications for the role
- may be eligible to participate in a discretionary annual incentive program
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What This Job Offers
Job Type
Full-time
Career Level
Executive
Education Level
No Education Listed
