Director, Open Finance Network Standards

MasterCard; London; On-site; GBP 80,000 - 150,000; Full time

Job summary

An established industry player seeks a Director for Open Finance Network Standards to lead the strategy for enabling key use cases like payments and data management. This pivotal role involves engaging with cross-functional teams to align strategies and drive innovation in the financial sector. As a thought leader, you will represent business interests and maintain a pulse on industry dynamics, ensuring Mastercard's position at the forefront of the evolving financial landscape. If you have a passion for financial technology and a knack for creative problem-solving, this opportunity is perfect for you.

Qualifications

• Solid understanding of open banking and account-to-account payments.
• Deep experience in global payments and financial technology.

Responsibilities

• Define standards and program models for payments and data management.
• Engage with cross-functional teams to socialize global vision.

Skills

Open Banking

Account-to-Account Payments

Global Payments

Financial Technology

Creative Problem-Solving

Communication Skills

Education

Bachelor's Degree in Finance or Technology

Master's Degree (preferred)

Job description

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.

Title and Summary

Director, Open Finance Network Standards

Our Purpose

We work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships, and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. Our Decency Quotient (DQ) drives our culture and everything we do. We cultivate an inclusive environment that respects individual strengths, perspectives, and experiences. We believe that diverse backgrounds drive innovation, enable better decision-making, and lead to stronger business results.

About the Team

The Mastercard Open Finance product team brings to life our vision of empowering consumers to benefit from their financial data. We focus on creating innovative solutions that unlock FinTech potential and simplify everyday consumer experiences. Trusted by leading organizations, our platform enables some of the industry’s most transformative services. As a key driver of growth in this fast-expanding area, our team is shaping the future of financial connectivity by delivering new capabilities to market.

Role Overview

We empower people and businesses to access accounts securely and conveniently for enabling new financial services and providing payment choice. This unlocks opportunities to extend financial access and inclusion across a number of use cases including account opening, lending, payments, and open banking for business.

The Director, Open Finance Network Standards will lead the definition of our strategy around key areas of focus for enabling our core use cases, and coordinate global industry standards, schemes, best practices, and operating models to execute our franchise strategy across our platform. Another key area of focus is engagement across our global Open Finance product teams to align strategy and roadmap with global objectives.

Responsibilities

1. Define Mastercard’s standards and program model for enabling key use cases such as payments and data management on our platform.
2. Engage with Mastercard cross-functional teams to socialize the global vision and strategy for Open Finance program models while identifying ways to centralize and operationalize strategy execution.
3. Represent business interests in partnership with the Industry Engagement group across markets, while driving thought leadership to other business partners and bringing opportunities for influence back to the product team.
4. Be the expert in Open Finance, its use cases, and the impact of market trends across the ecosystem.
5. Inform value propositions and product development opportunities that support our strategy for scale.
6. Execute the Franchise frameworks to accelerate time to revenue and distribution models of key capabilities for Open Finance, Open Banking, Payments, and Account Opening use cases.
7. Coordinate with regional product stakeholders to identify synergies and opportunities for innovation.
8. Maintain a pulse on industry dynamics and competitive moves to operate as a thought leader in industry forums.

Qualifications & Skills

To succeed in this role, you will have:

• Solid understanding of our clients’ top use cases with a key focus on open banking, account-to-account payments, and industry trends; global experience is a strong plus.
• Ability to understand complex technology and workflows, develop network operating guidelines, and explain them simply to both internal and external audiences.
• Understanding of the Mastercard Franchise approach, program requirements, and relevant supporting material provided to our customers.
• Creative problem-solving that brings in different perspectives connecting client needs with Mastercard strategy.
• Deep experience in global payments and/or financial technology with understanding of open banking and the regulatory landscape.
• Strong ability to execute initiatives in cross-functional teams, driving for excellence in quality and timeliness.
• Strength in connecting people and ideas; ability to operate in a matrix environment and establish effective working relationships across the business and geographies.
• Effective listener and influencer with a demonstrated ability to create and build strong cross-functional partnerships.
• Excellent communication, presentation, and writing skills with analytical and problem-solving capabilities.

Corporate Security Responsibility

All activities involving access to Mastercard assets, information, and networks come with an inherent risk to the organization and, 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.