Product Director, Mastercard Transaction Services - Digital/Crypto focus

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

Product Director, Mastercard Transaction Services - Digital/Crypto focus

Overview
Mastercard Transaction Services (MTS) is a Licenses-as-a-Service organization, enabling Mastercard products to provide regulated domestic and international funds transfers. This is a first-of-its kind organization at Mastercard, and the design and realization of the MTS services, and standards are critical to enabling Mastercard’s broader multi-rail strategy.
MTS is designed to enable products to efficiently operate in compliance with multiple global regulatory frameworks, and monetize payment flows not currently addressable by Mastercard.
The MTS Product enablement team leads MTS engagement with regulated Mastercard Product lines, through the assessment, design and development of solutions that take advantage of MTS regulatory approvals and licenses, operational capabilities, and ring-fence; while ensuring MTS has sufficient oversight and control to manage business risks associated with these new flows.
The team also leads the MTS roadmap, and design, targeting the development of effective and re-useable capabilities, solutions and standards that can be leveraged to enable product lines to launch the licensed services more rapidly.
As the team leads MTS initial engagement with the Product lines, the team will coordinate engagement of MTS’ cross functional SMEs.
The Director, MTS Product enablement, will support our Digital product line, focused on the requirements, design and development of MTS capabilities required to enable Digital Currency Settlement, there will also be significant interactions with cross border product.
Role
As a key member of the MTS Product enablement team, the Director will focus on engagement with the Digital and Crypto Product line and support across other product lines looking to develop stablecoin or crypto propositions.
The product director will oversight a manager to provide guidance, support and relationship management of another product line (Cross border services)
Act as a consultant and partner to Product Lines targeting regulated payment flows, to help them understand the challenges, design solutions and support the launch the regulated business activities.
Owning the intake process, coordinating and leading MTS cross functional response, and development of MTS capabilities, including, treasury, compliance, Legal, Legal entity management, risk, and finance integrations to support the expansion of crypto offerings.
Product development role working alongside the digital and product line teams, as they build their product to ensure the MTS requirements are designed in, implemented, and tested as effective.
Support ongoing change management, by representing MTS in the Product change approval process, to ensure the controls remain effective over the product lifecycle, approving go live and subsequent product change.
MTS Product line SME, working with the Regulatory, Legal, Compliance and product lines teams to understand and remain up to date on the regulatory challenges and opportunities that our MTS product enablement must address.
Champion and advance the MTS strategic vision, developing product line opportunities to expand into new payment flows, creating differentiation relative to our competition for Mastercard.
Create and maintain product design documentation, flows and processes.
All About You
Experience of card payments, digital commerce, and Mastercard products; Ideally including Crypto payments, Cross border payments payment flows.
Experience of designing and managing regulated products and services, development and execution of a product or business strategy
Consulting experience will be advantageous.
Knowledge of FX treasury and financial crimes compliance solutions a benefit.
Solid understanding of competitive offerings and industry trends, especially how regulation is impacting the payments industry at both the local and global levels.
Superior communication, presentation and interpersonal skills including the ability to work with and influence colleagues at all levels.
Requires excellent stakeholder management skills to operate with a diverse range of stakeholders from product through to legal and operational teams.
Excellent problem-solving skills
Self-motivated with a proven track record of delivering success while working within a matrixed and team environment.
Exhibits tenacity, encourages healthy debate and challenges conventional thinking.

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 [email protected] 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: $178,000 - $284,000 USD