At a Glance
- Tasks: Lead AI-driven product initiatives and drive innovation in payments.
- Company: Join Mastercard Foundry, the hub for cutting-edge product development.
- Benefits: Competitive salary, flexible work options, and opportunities for growth.
- Other info: Dynamic team environment with a focus on collaboration and creativity.
- Why this job: Make a real impact in the future of payments with innovative AI solutions.
- Qualifications: Experience in AI product development and strong analytical skills required.
The predicted salary is between 36000 - 60000 £ per year.
Mastercard Foundry is the innovation engine of Mastercard and a hub for new product development. We drive 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.
Within Foundry, the Manager, Product Development will lead the execution of new AI-driven product initiatives across Mastercard Security Solutions and Services. Role responsibilities include identification, execution, and in-market delivery of new products and solutions. This includes execution of near-term opportunities that drive significant in-year revenue and strategic differentiation for Mastercard, as well as scoping, identification, and in-market testing of longer-term product concepts and solutions.
Role
- Engage in idea generation for new, AI-focused to market products and solutions including workshop facilitation and collateral development.
- Contribute to developing product concepts and prototypes and independently own and deliver key tasks associated with it.
- Partner with Product & Engineering partners and our CX&D team on concept validation and market testing and independently own and deliver key tasks associated with it.
- Contribute/own business case development and planning for individual products.
- Own and deliver high quality collateral materials to facilitate internal decision making.
- Lead cross functional workshops and manage follow up actions to completion.
- Partner with CXD, Product and R&D teams by providing prioritised requirements.
- Work within a matrixed organization to influence and drive outcomes within tight timelines.
All About You
- Proven experience building AI-driven products.
- Strong analytical, verbal and written communication skills.
- Strong product development and management experience, including rapid opportunity identification, concept development, business model innovation, and in market testing of global products is preferred.
- In-depth understanding of commercial payment ecosystem and payments globally.
- Previous experience working in Payments innovation space delivering new to market value propositions.
- 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.
- Right to work in the UK without restriction.
Corporate Security Responsibility
All activities involving access to Mastercard assets, information, and networks come with an inherent risk to the organization. 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.
Manager - New Product Development and AI - Mastercard Foundry employer: MasterCard
Mastercard Foundry is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration in the rapidly evolving field of AI-driven product development. Employees benefit from a culture that prioritises creativity and strategic thinking, alongside ample opportunities for professional growth and development within a global leader in payment solutions. Located in the UK, Mastercard Foundry provides a unique platform for individuals to contribute to groundbreaking projects while being part of a supportive team dedicated to driving meaningful change in the financial technology landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Manager - New Product Development and AI - Mastercard Foundry
✨Join Product Management Meetups
Get involved in local product management meetups or workshops. These events are perfect for meeting industry folks, sharing ideas, and staying updated on trends. Plus, you never know who might be hiring—it's a fantastic way to make connections that could lead to a job at places like MasterCard!
✨Show Off Your Product Sense
Create case studies or mini-projects showcasing your product management skills, and share them on platforms like Medium or LinkedIn. This not only puts your skills on display but also boosts your visibility in the product community. Imagine how impressed the hiring team at MasterCard would be by your initiative!
✨Utilise Online Communities
Dive into online product management communities like Product Coalition or Mind the Product. Engage in discussions, ask questions, and share your insights. These platforms are goldmines for networking and finding hidden job opportunities—many companies often scout talent from within these circles.
✨Leverage Your University Network
If you’ve recently graduated or are still in uni, tap into your alumni network for connections in product management. Many universities have their own job boards and affinity resources to help graduates land roles. Don't forget to keep an eye out for job openings at MasterCard through your school's career services!
We think you need these skills to ace Manager - New Product Development and AI - Mastercard Foundry
Some tips for your application 🫡
Show Off Your Product Passion:When applying for a product management role like Manager - New Product Development and AI - Mastercard Foundry, let your passion for developing products shine through in your cover letter. Share specific examples of products you've managed, how you solved user needs, and any successful outcomes you've achieved. This is your chance to showcase your understanding of the product lifecycle!
Highlight Your Cross-Functional Skills:Product management isn't just about understanding the product; it’s about collaborating with different teams! Make sure to emphasise your experience working with developers, designers, and marketers. Use your CV to showcase your ability to bridge gaps between these areas, and include relevant experiences that demonstrate your communication and leadership skills!
Include Your Metrics and Achievements:In a full-time product management application, data speaks volumes! Quantify your achievements wherever possible. Did you increase user retention by a certain percentage? Launch a product ahead of schedule? Include these metrics in your CV to paint a picture of your impact and effectiveness in previous roles.
Tailor Your CV to the Role:Make sure your CV is tailored for the Manager - New Product Development and AI - Mastercard Foundry position at MasterCard. Use keywords from the job description and ensure your relevant experiences are front and centre. Highlight any certifications or relevant training you’ve completed that will make you stand out as a strong candidate for the role. And remember, we’re excited to see your application on our website!
How to prepare for a job interview at MasterCard
✨Understand the Product Life Cycle
As a product management candidate, we need to get our head around the complete product life cycle. Be prepared to discuss real-world examples of how you’ve managed product development from ideation to launch. Bring specific insights on tools like JIRA or Trello that can help streamline these processes.
✨Showcase Your Cross-Functional Skills
Product management is all about collaboration. We should be ready to highlight how we’ve worked across teams—think marketing, engineering, and design. Prepare to discuss scenarios where you had to mediate differing opinions and how you got everyone on board with a shared vision.
✨Prepare for Case Studies
In a full-time role, we can expect to encounter case study questions during our interviews. Practise solving hypothetical product problems on the spot, such as prioritising features for a new app or improving user engagement metrics. This will show our analytical thinking and decision-making skills.
✨Know Your Metrics
Let’s face it, numbers are our best friends in product management. We should prepare to discuss key performance indicators (KPIs) and how we've used analytics to inform product decisions. Dive into examples where data has driven our strategy for improvements or justified product changes.
