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- Tasks: Lead pricing strategies and initiatives to enhance Mastercard's competitive position globally.
- Company: Join Mastercard, a global leader in digital payments and innovation.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborative culture with opportunities for growth and learning.
- Why this job: Shape the future of payment solutions and drive impactful business strategies.
- Qualifications: Extensive experience in Mastercard economics and strong analytical skills required.
The predicted salary is between 120000 - 150000 ÂŁ per year.
Our Purpose Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Overview As Vice President, Strategy Pricing & Interchange in the Revenue Optimization & Planning team in Core Payments, you will work at the heart of Mastercard’s business and enjoy a broad exposure to all its different aspects. You will work in a truly global context and focus on coordinating the development of a medium‑to‑long‑term revenue plan and driving the development of Mastercard core fee pricing initiatives and strategies and lead the Network Platforms & Services team. In this position you will be leading the pricing and interchange strategies for MasterCard products and services, with a strong focus on Mastercard’s core fees. You will design, assess and implement initiatives to strengthen MasterCard’s competitive position on product and global, regional, and country level. By enhancing and shaping our economics you play an important role in the development and adoption of innovative payment solutions. You will have broad exposure within the organization and work closely with commercial teams’ and Global & Regional Product management representatives and liaise with the key functional partners in Legal and Finance. You will serve as strategic thought partner for senior management and contribute to key projects for MasterCard’s strategy.
The ideal candidate will possess strong data analytical skills combined with a keen business acumen to drive pricing strategies that maximize revenue growth and market competitiveness. An in-depth understanding of current Mastercard economics is an absolute necessity for the role.
In the role you will:
- Identify and design global opportunities to strengthen Mastercard’s economics and to position them successfully for the future, considering competitive realities and emerging technologies.
- Conduct holistic assessments of the different initiatives considering multiple perspectives such as strategy, service value creation potential & customer willingness-to-pay analyses, risk, financial impact simulations and scenario analyses at country & customer level, feasibility.
- Prepare and present recommendations and support materials to senior management for decision-making.
- Play an active role in driving the initiatives from ideation to completion.
- Lead the Network Platforms & Services team.
- Collaborate closely with Regional Core Payments product, country management, and regional & global Pricing & Interchange teams.
- Participate in cross-functional teams and work closely with various internal and external stakeholders, e.g. country & account management, Finance, O&T, Legal.
- Represent Core Payments in global economics projects.
All About You
- Extensive experience in Mastercard economics, covering both pricing and interchange, is required.
- Master’s degree in Data Science, Statistics, Mathematics, Economics, Engineering, or a related field; MBA is a plus.
- Experience in finance and/or economics, with strong analytical and quantitative skills.
- Proficient in Excel and masters data analysis and modeling.
- Experience with programming languages such as SQL, Python, R, or similar is a major asset.
- Detail-oriented and skilled in problem-solving, able to work independently in fast-paced environments while conducting complex analyses and translating data-driven insights into clear, actionable business strategies for diverse stakeholders.
- Able to develop a strategic perspective on Mastercard’s products and services, with a strong emphasis on digital security solutions – including tokenization, authentication – and their economic impact.
- Possesses strong business acumen to initiate and drive impactful outcomes, while bringing an innovative, proactive approach to solving complex problems; a collaborative team player who is hands‑on and maintains a positive, humoristic, and approachable attitude.
- Has excellent English communication skills (verbally and written).
- Customer-oriented with a strong sense of accountability and urgency, combined with a high level of drive and curiosity to continuously learn and grow.
Experience
- Mastercard economics subject matter experience is required.
- Proven leadership and project management skills, with a strong track record of managing multiple projects involving internal and external partners, while leading and coordinating multi‑functional teams as a subject matter expert to successfully execute and deliver results against established objectives.
- Ability to evaluate business needs and define actionable strategies that seamlessly integrate technical and business components, coordinating cross‑functional collaboration to deliver measurable results for Mastercard Worldwide.
- Written and oral fluency in English required, Spanish a plus.
Corporate Security Responsibility
- 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.
Vice President, Strategy Pricing & Interchange employer: Mastercard
Contact Detail:
Mastercard Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Vice President, Strategy Pricing & Interchange
✨Tip Number 1
Network like a pro! Reach out to people in your industry on LinkedIn or at events. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Tailor your answers to show how you can contribute to their goals, especially in pricing and interchange strategies.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online platforms. The more comfortable you are, the better you'll perform when it counts.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Vice President, Strategy Pricing & Interchange
Some tips for your application 🫡
Show Your Passion for Mastercard's Purpose: When writing your application, make sure to express your enthusiasm for Mastercard's mission of powering economies and empowering people. We want to see how your values align with ours and how you can contribute to building a sustainable economy.
Highlight Relevant Experience: Be sure to showcase your extensive experience in Mastercard economics, pricing, and interchange. We’re looking for candidates who can demonstrate their analytical skills and business acumen, so include specific examples that highlight your expertise in these areas.
Tailor Your Application: Don’t just send a generic application! Tailor your CV and cover letter to reflect the specific requirements of the Vice President role. Use keywords from the job description to show that you understand what we’re looking for and how you fit the bill.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us that you’re serious about joining our team at Mastercard!
How to prepare for a job interview at Mastercard
✨Know Your Numbers
As a candidate for Vice President, Strategy Pricing & Interchange, you need to be well-versed in Mastercard's economics. Brush up on key metrics and data points related to pricing and interchange. Be prepared to discuss how these figures impact revenue growth and market competitiveness.
✨Showcase Your Analytical Skills
This role demands strong analytical capabilities. Bring examples of past projects where you've used data analysis to drive strategic decisions. Highlight your proficiency in tools like Excel, SQL, or Python, and be ready to explain how you've translated complex data into actionable insights.
✨Demonstrate Strategic Thinking
Mastercard is looking for someone who can think strategically about their products and services. Prepare to discuss how you would identify global opportunities and assess initiatives from multiple perspectives. Use real-world examples to illustrate your thought process and decision-making skills.
✨Be a Collaborative Team Player
This position requires working closely with various teams across the organisation. Share experiences that showcase your ability to collaborate effectively with cross-functional teams. Emphasise your leadership style and how you foster a positive, humourous environment while driving results.