Vice President of New Product Development (Mastercard Foundry)

Requirements

• Proven experience in 0→1 product development within complex enterprise environments
• Strong experience in open finance/open banking, payments, data platforms, or API ecosystems is preferred
• 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 and communication skills, with the ability to craft compelling executive narratives that drive decisions
• Able to assess build vs. buy vs. partner decisions without relying entirely on engineering
• Understanding of AI-driven and agentic patterns in data ecosystems is a plus
• Operates effectively in high ambiguity and fast-moving environments
• Demonstrated ability to influence cross-functional teams without authority
• Strong experience leading structured discovery, experimentation, and validation
• Proven ability to connect ideas, people, and opportunities into scalable solutions
• Experience working across global markets and regulatory environments

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 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