Vice President, Franchise Innovation

Mastercard Inc.; Singapore; On-site; SGD 260,000 - 480,000; Full time

Job summary

Mastercard Inc. is seeking a Vice President, Franchise Innovation to shape new business models and technology across Asia Pacific.

You will lead innovative solutions for franchise growth, interoperability, and world-class end-user experiences while aligning with regional strategies. The role requires deep payments domain knowledge, product development experience, and the ability to collaborate across functions and regions to drive initiatives that protect brand integrity and deliver

Qualifications

• Experience with account-based payments, crypto or open banking.
• Strong analytical and problem-solving capabilities.
• Ability to interact with internal and external partners.

Responsibilities

• Create and deliver corporate strategies for innovative solutions and new business initiatives.
• Provide franchise thought leadership to enable growth and faster decision-making on rules.
• Develop concepts to expand Franchise value while protecting Mastercard assets.
• Stay ahead of trends and assess impact on licenses, rules, and systems.
• Define new products and customer types to transform the payment ecosystem regionally.
• Collaborate with stakeholders to align requirements on standards and assets.
• Ensure new products protect brand integrity while driving growth.
• Execute team goals to achieve Franchise priorities with regional objectives.

Skills

Payments domain knowledge

Crypto/open banking experience

Analytical collaboration

Education

Bachelor's Degree

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 Vice President, Franchise Innovation

About the Opportunity

MasterCard operates the world’s fastest payment processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Every day, everywhere, we use our technology and expertise to make payments safe, simple and smart. We know safety and security are the top priorities of our customers, cardholders and partners, so we won’t stand still in developing new and better ways to keep payments safe.

About the Role

The Franchise Innovation team is passionate about doing well by doing good. Our mission is to enhance and evolve our existing Franchise offerings - and to create the new business models and technology for our growing business in both new payments and data. This role is part of specialized team focusing on innovative solutions to support Mastercard’s customers within the diverse Asia Pacific region enabling our business to expand into new opportunities where Franchise-enabled solutions can be leveraged to drive scale, enable interoperability, create compelling world class experiences for end users and deliver differentiating value to our customers. This position has a dual reporting line into the SVP, Franchise AP regional lead and the SVP, Franchise Innovation vertical lead.

Accountabilities

• Create and deliver on corporate strategies that drive innovative solutions for new business initiatives and product flows such as push-based account payments, digital assets (crypto, central bank digital currencies, identity solutions, open banking.
• Provide franchise thought leadership with regards to enabling new growth opportunities and improve pace of internal decision making for new rules developments
• Develop new concepts that support expanding the franchise and creating additional value for Mastercard and its customers, while at the same time ensuring the integrity of our assets
• Stay ahead of business trends related to new market and business opportunities; understand/communicate potential impact on licenses, rules, compliance and systems
• Provide direction for new products and new customer types to transform the payment ecosystem, based on nuanced regional/country landscapes advancement of industry rules and standards.
• Leverage input from internal stakeholders to enhance and align existing and new requirements on standards as well as Mastercard assets to enable Franchise growth
• Ensure new products/platforms will protect the brand integrity while driving new business and/or protecting existing business.
• Execute on the team goals to achieve Franchise priorities in tandem with regional business objectives;

Requirements

• Extensive knowledge of our payments business and experience in account-based payments, crypto or open banking
• Attention to detail, strong business acumen and solutions-orientation are critical, as is an ability to demonstrate thought leadership
• Technical and/or product development experience
• Strong analytical, problem solving, agility and creative thinking skills
• Strong interpersonal skills with demonstrated cross functional/cross regional collaboration and teamwork
• Solutions oriented / results driven capabilities
• Ability to interact effectively with internal and external business partners
• Excellent communication skills, both verbal and written – ability to build compelling presentations
• Periodic travel required
• Bachelor’s Degree

Corporate Security Responsibility

All activities involving access to Mastercard assets, information, and networks comes 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.

Everyone wants easier ways to pay; we invent them. Checkout lines are slow; we speed them along. Merchants want more sales; we give them data and insights. People need financial access; we connect them. Corporate purchasing is complicated; we make it simple. Commuters are busy; we speed them on their way. Governments need greater efficiencies; we help create them. Small businesses are virtual; we give them access to a world of buyers. Retailers want to fight fraud; we provide the tools.