Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re helping build asustainableeconomy where everyone can prosper. We support a wide range of digital payments choices, making transactionssecure, 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.
Title and Summary
Vice President, Products and Solutions (New Core Products)
Job Overview
- Ensure positive cardholder experience by working with Issuers and Partners.
- Develop product strategies and roadmaps to execute to ensure maximum penetration of market segments.
- Manage and maintain existing product lines on an on-going basis, including vendor management.
- Conduct opportunity assessments on new ideas and concepts.
- Provide design specifications for product enhancements to Product Development.
- Define business and technical requirements, and manage the relationships of technical resources and the Global Technology Organization to maintain and build out platforms.
Major Accountabilities
- Work with Issuers and Partners to create positive experiences for cardholders.
- GDV growth of Product and support new and increased issuance.
- Identify strategic business-building opportunities in products and solutions that can be offered to customers.
- Be an industry expert to determine new needs and innovations that MasterCard may want to investigate.
- Monitor performance, provide feedback, define & approve change control processes, and manage partner relationships.
- Overall responsibility for idea generation; concept validation; and business case development for existing products.
- Develop and implement programs and initiatives using the Go-To-Market process to increase card issuance in both established and emerging markets.
- Responsible for evaluating and applying market research and directing opportunity assessments on new ideas and concepts and communicating them to Product Development.
- Direct coordination with Product Development, customers and third parties to develop strategy and enhancements of product offerings.
- Oversee the planning, development and design of product marketing strategy from product decision through end of life cycle.
- Build relationships with product groups to garner feedback for development of MasterCard products.
- Oversee the execution of advertising, promotional, and sales programs to meet unit objectives.
- Work with regional/line staff to ensure maximum penetration of market segments.
- Drive strategic and financial planning efforts and oversee management of the department.
- Ensure appropriate staffing levels are maintained for current needs as well as anticipated growth and/or changes.
- Lead department in development and completion of objectives and assess management staff against established measures.
- Ensure that department objectives are aligned with the overall Business strategy and that individual team members are evaluated.
Education
- Bachelor’s degree in business or equivalent work experience. MBA degree desirable.
Knowledge / Experience
- 10 years related business experience in product management, product development, product marketing, or business development in financial services and/or bankcard industry preferred.
- At least 5 years of management experience is desirable.
- Experience developing and managing department budgets.
Skills/ Abilities
- Excellent oral and written communication, negotiation, project management and matrix-management skills are critical.
- Ability to interact and coordinate effectively with internal and external business partners.
- Ability to effectively direct and manage multiple functions.
- Ability to initiate and effectively lead change efforts.
- Business Acumen with the ability to provide solutions that drive positive results to the customer and MasterCard.
- Self motivated with a proven track record of delivering success while operating within a team environment.
- Embody the MCW leadership principles: demonstrate courage & resolution; encourage teamwork, integration, & inclusion; execute the global strategy; inspire & empower; operate with a sense of urgency.
- Availability to travel when required.
- Fluent English.
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.