Manager, Innovation / New Product Development

Lensa; New York (NY); On-site; USD 143,000 - 228,000; Full time

Job summary

Join a leading financial technology company as a Manager in Innovation/New Product Development. This position involves driving product innovation through emerging technologies and requires a strong background in product management, problem-solving, and project management. The role promises a competitive salary and comprehensive benefits, empowering candidates to create impactful digital payment solutions globally.

Benefits

401k with company match

Flexible spending account

Health savings account

Paid parental leave

Paid vacation and sick days

Tuition reimbursement

Fitness reimbursement

Qualifications

• Experience in product management and fast prototyping.
• Strong track record of driving tangible business results.
• Prior consulting, banking or emerging payments experience a plus.

Responsibilities

• Drive product innovation in emerging technologies.
• Coordinate strategic efforts for market deployment.
• Analyze information into actionable insights.

Skills

Problem solving

Research

Analytical skills

Quantitative skills

Project management

Communication

Education

Bachelor’s degree

Advanced degree

Job description

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Lensa is the leading career site for job seekers at every stage of their career. Our client, MasterCard, is seeking professionals in New York, NY. Apply via Lensa today!

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

Manager, Innovation / New Product Development

Who is Mastercard?

Mastercard is a global technology company in the payments industry. Our mission is 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, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

Overview

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 point of view to enhance existing solutions and new use-cases. We also focus on building revenue generating ecosystems and flywheels that can be standalone in adjacent segments and markets. Examples of focus areas

include Consumer value propositions, Digital payments, Tokenization / Privacy

enhancing technologies, Payment Acceptance and Processing, and applications of Artificial Intelligence.

Within Foundry, the Manager, will be a critical driver of new product development, including identification, execution, and in-market delivery of new Digital products and solutions. The responsibilities will include execution of near-term opportunities that drive significant in year revenue and strategic differentiation for Mastercard, as well as scoping, identification, in-market testing of longer-term product concepts and solutions.

Role:

• Uncover new trends and identify relevant opportunities in the future of payments.
• Present findings that translate complex concepts into simple, compelling narratives.
• Experiment quickly with proposed solutions via development of prototypes and proofs-of-concept.
• Develop go-to-market plan to deploy pilots and commercial solutions in market, in partnership with regional leads and sponsoring business units.
• Coordinate strategic, tactical efforts, and planning to facilitate execution and deployment of key priorities globally, partnering with cross-functional teams.
• Drive thought leadership and the learning agenda across key opportunity spaces and emerging technologies (e.g., Social Commerce, Generative AI).
• Build analytics and business cases to prove commercial value of products launched.
• Partner with cross-functional teams (e.g., Technology, Legal, Data Privacy, Delivery, Finance, Marketing, Sales, etc.) to develop concepts and navigate the product development lifecycle, from early-stage concept ideation through commercialization.
• Analyze and translate information into actionable insights and recommendations to drive business strategy and innovation.
• Manage assigned initiatives and compile updates to share progress with executive leadership.
• Mentor and provide guidance to junior team members.
  
  

All About You:

• Passion for innovation and emerging technology
• Strong problem solving, research, analytical and quantitative skills, with the ability to build business cases that articulate commercial value
• Experience in product management, fast prototyping and design thinking
• Experience in the evolution of digital payments, including key trends market, competitive and regulatory trends
• Excellent project management and organizational skills
• Strong track record of driving tangible business results
• Excellent presentation and communication skills, both drafting and presenting, oral and written
• Prior consulting, banking or emerging payments experience a plus
• Bachelor’s degree required, Advanced degree a plus
  
  

Corporate Security Responsibility

Every Person Working For, Or On Behalf Of, Mastercard Is Responsible For Information Security. All Activities Involving Access To Mastercard Assets, Information, And Networks Comes With An Inherent Risk To The Organization And Therefore, It Is Expected That The Successful Candidate For This Position 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.
  
  

Mastercard is a merit-based, inclusive, equal opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law. We hire the most qualified candidate for the role. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment process, please contact [e-mail] and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.

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.
  
  

In line with Mastercard’s total compensation philosophy and assuming that the job will be performed in the US, the successful candidate will be offered a competitive base salary based on location, experience and other qualifications for the role and may be eligible for an annual bonus or commissions depending on the role. Mastercard benefits for full time (and certain part time) employees generally include: insurance (including medical, prescription drug, dental, vision, disability, life insurance), flexible spending account and health savings account, paid leaves (including 16 weeks new parent leave, up to 20 paid days bereavement leave), 10 annual paid sick days, 10 or more annual paid vacation days based on level, 5 personal days, 10 annual paid U.S. observed holidays, 401k with a best-in-class company match, deferred compensation for eligible roles, fitness reimbursement or on-site fitness facilities, eligibility for tuition reimbursement, gender-inclusive benefits and many more.

Pay Ranges

New York City, New York: $143,000 - $228,000 USD

Purchase, New York: $137,000 - $219,000 USD

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Product Management and Marketing

• Industries

  IT Services and IT Consulting

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