Director, New Product Innovation - Foundry
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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 Innovation - Foundry
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 builds next-generation offerings that accelerate the future of commerce. We believe that the future of our business depends on our ability to define and differentiate new innovation that drive value for our customers. Through our innovation portfolios, we partner with the product teams to partner / create, incubate and scale new products and services. The Director, New Product Development role is a key member of the Services team portfolio, focused on building new breakthrough, innovative solutions at scale.
Role:
• Support the identification and development (build, buy, partner) of new opportunities for the services portfolio in new white spaces for continued growth for MA.
• Develop strategic and financial opportunity assessments and recommendations for senior leadership, providing customer, technical, competitive, and commercial depth.
• Collaborate across a team(s) of product managers, designers, engineers, and other cross functional disciplines to build new opportunities.
• Build compelling business cases that quantify value, justify investments, and articulate a clear path to market success.
• Support product strategy, roadmaps, and execution across the organization, while also influencing the mindset of executives on our innovation agenda
• Drive the end-to-end product development process from concept to commercialization, with a focus on desirability, feasibility, and viability, using a disciplined, agile gating process.
• Effectively engage key stakeholders on new product initiatives, effectively communicating vision, progress, recommendations to stakeholders.
All About you:
• Strong Communicator: excellent written and verbal communications, ability to engage and influence at all levels, make the complex simple, interface with senior leadership, bridging technical and business domains, effective at stakeholder management at the senior levels.
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• Strategic Thinker: you think about the big picture, connecting the dots at the macro level to the micro.
• Business Case/Commercial Depth: adept at building business cases and providing a compelling narrative on what the numbers convey to help facilitate decision making
• Design thinker: passionate about customer centricity, and deploying user-centric, agile approaches to realizing customer value
• Collaborative team player: you have a proven track record in collaborating across a large organization - with CX, Engineering, Regions, Product Teams - adept in facilitating challenging conversations and managing ambiguity
• Natural problem solver: you are analytical, curious with a "can-do" attitude
• Deep experience in product development, product management, consulting preferred
• Experience working in Payments, Strategy, Management Consulting, Big Tech, FinTech, Data & Analytics
• Bachelor's degree required, advanced degree a plus
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 reasonable_accommodation@mastercard.com 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 the US, the successful candidate will be offered a competitive base salary based on location, experience and other qualifications for the role and may be eligible for an annual bonus or commissions depending on the role. Mastercard benefits for full time (and certain part time) employees generally include: insurance (including medical, prescription drug, dental, vision, disability, life insurance), flexible spending account and health savings account, paid leaves (including 16 weeks new parent leave, up to 20 paid days bereavement leave), 10 annual paid sick days, 10 or more annual paid vacation days based on level, 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, gender-inclusive benefits and many more.
Pay Ranges
Purchase, New York: $170,000 - $273,000 USD
Arlington, Virginia: $170,000 - $273,000 USD
Boston, Massachusetts: $170,000 - $273,000 USD
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- FSA
- FSA With Employer Contribution
- HSA
- HSA With Employer Contribution
- Fitness Subsidies
- On-Site Gym
- Pet Insurance
- Mental Health Benefits
- Virtual Fitness Classes
- Health Reimbursement Account
Parental Benefits
- Birth Parent or Maternity Leave
- Non-Birth Parent or Paternity Leave
- Fertility Benefits
- Adoption Assistance Program
- Family Support Resources
- On-site/Nearby Childcare
- Adoption Leave
Work Flexibility
- Flexible Work Hours
- Remote Work Opportunities
- Hybrid Work Opportunities
Office Life and Perks
- Commuter Benefits Program
- Casual Dress
- Happy Hours
- Snacks
- Company Outings
- On-Site Cafeteria
- Holiday Events
- Some Meals Provided
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
- Leave of Absence
- Volunteer Time Off
Financial and Retirement
- 401(K) With Company Matching
- Performance Bonus
- Relocation Assistance
- Financial Counseling
- Stock Purchase Program
- 401(K)
- Company Equity
Professional Development
- Tuition Reimbursement
- Promote From Within
- Mentor Program
- Access to Online Courses
- Lunch and Learns
- Internship Program
- Work Visa Sponsorship
- Leadership Training Program
- Associate or Rotational Training Program
- Shadowing Opportunities
Diversity and Inclusion
- Employee Resource Groups (ERG)