At a Glance
- Tasks: Lead innovative product development and drive market strategies in the payments ecosystem.
- Company: Join Mastercard Foundry, the hub for cutting-edge product innovation.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on innovation and strategic partnerships.
- Why this job: Make a real impact by shaping the future of payments and technology.
- Qualifications: Experience in product development and strong analytical skills required.
The predicted salary is between 80000 - 100000 € per year.
Requirements
- Demonstrated experience in product development roles, with a strong track record of taking products from opportunity identification to commercial launch.
- Strong understanding of the global commercial payments ecosystem.
- Excellent analytical, written, and verbal communication skills, with the ability to synthesise complex topics into clear, executive-ready narratives.
- Proven critical thinker, comfortable working with technical detail, commercial models, and strategic frameworks simultaneously.
- Strong collaborator with a flair for connecting people and ideas, and the ability to influence in a matrixed, cross-functional environment.
What the job involves
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, data and services, and applications of artificial intelligence.
Within Foundry, the Director, Product Development will be supporting the execution of new to market product development across core payments and services. Role responsibility includes identification, execution, and in-market delivery of new products and solutions. The responsibilities will include execution of near-term opportunities that drive significantly in-year revenue and strategic differentiation for Mastercard, as well as scoping, identification, and in-market testing of longer-term product concepts and solutions.
In addition, the role will support identification and partnerships with ecosystem partners (e.g., banks, merchants, fintechs, marketplaces) that are critical to testing and launching B2B2C products. This role requires strong product development leadership with the ability to seamlessly move between technical depth, commercial modelling, and strategic framing, depending on the audience and stage of development.
Key responsibilities include:
- Identify, assess, and prioritise market opportunities across core payments and services, translating customer needs and market signals into clear product opportunities.
- Develop compelling narratives, value propositions, and business cases supporting investment and prioritisation decisions.
- Drive thought leadership and a structured learning agenda across priority opportunity areas, incorporating insights from market tests, pilots, and partner engagements.
- Act as a trusted partner to senior stakeholders, influencing product strategy, innovation priorities, and go-to-market decisions.
- Partner closely with cross-functional teams across Mastercard—including Technology, CXD, Legal, Risk, and Commercial—to design solutions, manage dependencies, and secure alignment and buy-in.
- Lead and contribute to idea generation for new to market products and solutions, including workshop facilitation, concept development, and creation of supporting collateral.
- Work with product management, engineering, CXD, and legal teams to progress ideas from concept to commercialisation.
- Operate effectively within a matrixed organisation, influencing outcomes and delivering results within tight timelines and evolving priorities.
Director of New Product Development employer: Deepstreamtech
Mastercard Foundry is an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration in the heart of the global commercial payments ecosystem. As a Director of New Product Development, you will have unparalleled opportunities for professional growth, working alongside cross-functional teams to drive impactful product innovations while enjoying a supportive environment that values creativity and strategic thinking. With a focus on emerging technologies and a commitment to employee development, Mastercard provides a unique platform for those looking to make a meaningful impact in the financial technology landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Director of New Product Development
✨Tip Number 1
Network like a pro! Reach out to people in your industry, especially those at Mastercard or similar companies. Attend events, webinars, and meetups to make connections that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by practising your storytelling skills. Be ready to share specific examples of how you've taken products from concept to launch, highlighting your analytical and strategic thinking along the way.
✨Tip Number 3
Showcase your collaboration skills! During interviews, emphasise your ability to work with cross-functional teams and influence stakeholders. Share stories that demonstrate your knack for connecting ideas and people.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the Mastercard Foundry team.
We think you need these skills to ace Director of New Product Development
Some tips for your application 🫡
Showcase Your Experience:Make sure to highlight your experience in product development roles. We want to see how you've taken products from idea to launch, so share specific examples that demonstrate your track record.
Communicate Clearly:Your written application should reflect your excellent communication skills. We love clear and concise narratives, so avoid jargon and make complex topics easy to understand. Think of it as telling a story!
Be a Team Player:Collaboration is key for us at StudySmarter. In your application, mention how you've worked with cross-functional teams and influenced outcomes. Show us your flair for connecting people and ideas!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss any important updates about the process!
How to prepare for a job interview at Deepstreamtech
✨Know Your Product Development Inside Out
Make sure you brush up on your product development experience. Be ready to discuss specific examples where you've taken products from idea to launch, especially in the commercial payments space. Highlight your understanding of the global payments ecosystem and how it relates to the role.
✨Craft Your Executive Narratives
Since the job requires synthesising complex topics into clear narratives, practice explaining your past projects in a concise manner. Use the STAR method (Situation, Task, Action, Result) to structure your responses, making them easy for interviewers to follow.
✨Show Off Your Collaboration Skills
This role is all about working with cross-functional teams. Prepare examples that showcase your ability to connect people and ideas. Think of times when you influenced stakeholders or navigated a matrixed environment to achieve a goal.
✨Be Ready to Discuss Market Opportunities
Familiarise yourself with current trends in commercial payments and be prepared to identify potential market opportunities. Bring insights from your previous roles and think about how they could apply to Mastercard's focus areas, like AI applications or new payment flows.
