Vice President, Product Development, Bill Pay (NAM New Payment Flows)

Who is Mastercard?

We are the global technology company behind the world's fastest payments processing network. We are a vehicle for commerce, a connection to financial systems for the previously excluded, a technology innovation lab, and the home of Priceless ®. We ensure every employee has the opportunity to be a part of something bigger and to change lives. We believe as our company grows, so should you. We believe in connecting everyone to endless, priceless possibilities.

Job Title

Vice President, Product Development, Bill Pay (NAM New Payment Flows)

Overview:
As Mastercard seeks to define a world beyond cash, we are pursuing payment opportunities leveraging non-card technologies. Mastercard's acquisition of Vocalink adds Real-Time Payments (RTP) to our solution set, allowing us to capture new segments of cash, check and ACH payments for the network. The largest identified opportunity for Mastercard in the U.S. is in revolutionizing consumer bill pay. The current consumer bill pay experience is cumbersome, costly, slow and fragmented. By combining our RTP assets with our existing biller network, RPPS, we can bring a solution to market that improves this outdated ecosystem for all parties involved. To win in the market, we will also leverage our strengths in brand, standards, consistency, trust and security.
To accomplish this, we must build a world-class bill pay product. We will engage key external partners in our new biller network, including the largest US banks and bill service providers. This product leader will work closely with the Global Product team platform owners, Operations & Technology and other key partners to ensure the product strategy is built to our business requirements. We will also align with our counterparts in the US Region (Sales and Account teams) to ensure the voice of the customer is being heard. This role will be responsible for shaping and managing the development and ongoing management of the bill pay products.

Role:
Manages work of product team members (3-4 direct reports) and serves as key member of the Bill Pay leadership team. Defines product requirements and translates those requirements to Technology and Delivery teams. Tracks progress and makes product design decisions in partnership with Operations and Technology (O&T) and platform teams. Provide direction and input to Standards, Franchise, Legal and other key partners. Participate in partner co-development discussions and projects (e.g., with banks and billing service providers).

•Lead the development and management of product capabilities for the Bill Pay product, managing the product lifecycle including product design, creation of business and functional requirements, documentation, training, project management, and on-going product development
•Consult as a Product Knowledge Leader for Bill Pay to be enabled with banks, billers, and distributors
•Own all key features of the Bill Pay product roadmap and strategy, partnering with the Zapp and RPPS platform teams to deliver the best overall proposition
•Interface with technical platform owners to help translate product requirements ensuring mutual understanding and minimizing time to market
•Monitor and review with the relevant teams the Service Level Agreements (SLA) to ensure compliance.
•Escalate critical operational issues to Real Time Payments management teams and discuss resolutions to ensure operational stability with the concerned delivery teams
•Ensure that delivery teams are held accountable for the operating objectives and standards of performance
•Measure operations and delivery teams against the operating objectives and performance standards
•Develop industry expertise and knowledge of competitors across the value chain of electronic bill presentment and payments, as well as online banking


ALL ABOUT YOU:
•Significant payments industry and business knowledge
•Excellent managerial and interpersonal skills
•Strong project management skills
•Able to present sound and well-reasoned arguments to convince others. Draw from a range of strategies to persuade people in a way that results in agreement or behaviour change
•Ability to work strategically and collaboratively across functional teams
•Effective, versatile and action oriented
•Consistently display positive, professional and approachable behaviours
•Excellent business acumen and commercial awareness - able to identify and work towards meeting wider organisational goals
•Relevant experience in product management or new product development in payment industry
•Working knowledge of, or expertise in, financial technology particularly in relation to billing and payments

Education/Certification Requirements
•Bachelor's degree
•Based in Purchase, NY
•Note: travel required (10-20%)

Mastercard is an inclusive Equal Employment 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.​


Meet Some of Mastercard's Employees

Charlotte N.

VP, Product Development & Innovation

Charlotte and the ACH Payments Team focus on the strategy, development, and commercialization of new products leveraging real-time payments technology. The team was formed in light of Mastercard’s entry into the real-time payments space and acquisition of the UK-based company Vocalink.

Nili K.

VP, Product Management

Nili works within Mastercard’s Digital Payments Division, focusing specifically on the company’s digital wallet and tokenization solutions in order to enhance the capabilities within each product.


Back to top