Director - New Product Development

Job Title: Director - New Product Development Overview: 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 commercial payments, new payment flows, real time payments, data and services. 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 Director, New Product Development will support 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 driving alignment across internal and external stakeholders. Role - Engage in idea generation for new to market products and solutions including workshop facilitation and collateral development. - Facilitate the development of product concepts and prototypes, including independently owning and delivering key workstreams. - Partner with Product & Engineering and Foundry’s CX&D team on concept validation and market testing. - Contribute/own business case development and go-to-market planning for individual products. - Own and deliver high quality materials to facilitate internal and external decision making. - Foster innovation and new idea generation. - Translate business opportunities into scalable platform architectures in partnership with R&D teams -Identify and prioritize high-impact use cases across domains (e.g., financial services, lending, insurance, payroll, commercial data). -Work within a matrix organization to influence and drive outcomes within tight timelines. All About You - Proven experience in 0→1 product development within complex enterprise environments -Strong experience in Open Finance, open banking, data platforms, or API ecosystems - 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, communication, and executive storytelling skills - Previous experience working in the payments innovation space delivering new to market value propositions strongly preferred. - Appreciation for AI-driven and agentic patterns in data ecosystems is a plus. - Critical thinker that is comfortable with technical details, and experience working with R&D teams. - Flair in connecting people and ideas; ability to operate in a matrix environment. To find US Salary Ranges, visit People Place. Under the Compensation tab, select "Salary Structures." Within the text of "Salary Structures," click on the link "salary structures 2025," through which you will be able to access the salary ranges for each Mastercard job family. For more information regarding US benefits, visit People Place and review the Benefits tab and the Time Off & Leave tab.

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