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Vice President of New Product Development (Mastercard Foundry)

Mastercard
Toronto, OntarioOn-site2 weeks ago
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About this role

• 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 • 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 • Gym membership • Pension plan • Share purchase options • Extra holiday purchase optional • 25 days holiday (excl. bank holidays) • Work from home opportunities • Health insurance
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