Product Director of Mastercard Transaction Services, Mastercard
Digital/Crypto focus
$178-284k
Salary applicable for NY based candidates, may vary in other locations
Global payments technology company
Open for applications
Global payments technology company
1001+ employees
Open for applications
$178-284k
Salary applicable for NY based candidates, may vary in other locations
1001+ employees
Company mission
To connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible.
Role
Who you are
- Experience of card payments, digital commerce, and Mastercard products; Ideally including Crypto payments, Cross border payments or other regulated payment flows
- Experience of designing and managing technology enabled products and services, development and execution of a product or business strategy
- 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
- 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
- Bachelor’s degree in business, technology or equivalent degree
What the job involves
- The MTS Product and Platform 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 platform ecosystem strategy, 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 & Platform, will support our Digital product line, focused on the requirements, design and development of MTS capabilities required to enable Digital Currency Settlement, and our BitLicense application
- As a key member of the MTS Product team, while the Director will focus on engagement with the Digital and Crypto Product line the role will also support engagement across other product lines, the platform strategy and support establishing the MTS capability
- 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
- Coordinate and lead MTS cross functional response, and development of MTS capabilities, including MTS’ technology platform, treasury, compliance, and finance integrations to support the digital enablement of our card network
- Work 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 Platform 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 platform must address
- Develop the MTS product platform eco-system roadmap, prioritizing longer term investment against immediate demand and reuse of existing assets, to maximize impact, efficiency, and ease of adoption of the MTS platform
- Working with the Development and Engineering teams, and the MTS platform team, to ensure that the MTS platform capabilities are developed to specification
- 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 Product platform standards and product documentation
- 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
Our take
Mastercard is in the global payments business, and operates the world's fastest payments processing network. Its products and solutions have become central to everyday commerce across the world, in activities ranging from shopping and travelling to running businesses.
As the economy has become more and more digitised, Mastercard has been a leading player in helping businesses and individuals across the globe embrace card payments and digital banking. One of the world's largest companies, its revenue has seen consistent gain in the last 20 years.
The challenge for modern payments companies is that payments are always changing, as seen in the astronomical rise of contactless payments over the last decade. Mastercard's acquisition of blockchain systems, and an overall focus on leveraging its technology towards a digital economy, has placed the company in good stead to keep up to date with current trends, like cryptocurrency, in the digitised payments world.
Steph
Company Specialist at Welcome to the Jungle
Insights
21% employee growth in 12 months
Company
Company benefits
- Gym membership
- Share purchase options
- Extra holiday purchase optional
- Work from home opportunities
- Health insurance
- Pension plan 🇬🇧
- 25 days holiday (excl. bank holidays) 🇬🇧
Company HQ
Purchase, Harrison, NY
Leadership
Michael Miebach
(CEO, not founder)Has served in a variety of roles at the company, including President and CPO. Currently Board Member at IBM, Accion, the World Resources Institute, the US-India Strategic Partnership Forum, and the Metropolitan Opera. They are also a Trustee of USCIB.
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