Manager, New Product Innovation – Foundry Job Listing at Mastercard in O'Fallon, MO (Job ID R-254653)

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

Manager, New Product Innovation – Foundry Mastercard Foundry builds next-generation offerings that accelerate the future of commerce. We believe that the future of our business depends on our ability to define and differentiate new innovation that drive value for our customers. Through our innovation portfolios, we partner with the product teams to partner / create, incubate and scale new products and services. The Manager, New Product Development role is a key member, focused on building new breakthrough, innovative solutions at scale.

We're seeking a Senior Product Manager passionate about building new products from the ground up — leading 0-to-1 innovation that creates disruptive, scalable solutions in the financial services space.

In this role, you will define the vision, design, and early-stage development of new products and services. You'll work closely with cross-functional partners and technology teams to validate ideas, prioritize features, and deliver impactful product launches. Your ability to navigate ambiguity and drive solutions that meet customer needs will be key.

Key Responsibilities
• Lead workstreams within the end-to-end development of new, ground-breaking products from concept through launch
• Help define and validate product vision, strategy, and requirements in highly uncertain and evolving environments
• Collaborate closely with engineering, design, research, and business partners to rapidly prototype, test, and iterate product ideas
• Translate broad business goals into clear technical and functional requirements that guide product development
• Drive customer discovery and use data-driven insights to shape product direction
• Build compelling product value propositions and go-to-market plans for first-time launches
• Help facilitate cross-team alignment across a matrixed organization to ensure successful delivery
• Apply Mastercard's New Product Development (NPD) and Go-To-Market (GTM) frameworks in early-stage innovation projects

Qualifications
Education & Experience:
• Bachelor's degree in business, technology, or related field, or equivalent work experience
• 5–8 years of product development or management experience, with a strong focus on 0-to-1 product development
• Experience launching new products or services in payments, fintech, or financial services strongly preferred
• Prior leadership or management experience preferred

Skills & Attributes:
• Deep understanding of early-stage product development, customer discovery, and lean startup methodologies
• Comfortable working in ambiguity with a bias toward action and experimentation
• Exceptional communication skills, able to influence diverse stakeholders and tell a compelling product story
• Analytical mindset with strong problem-solving and prioritization abilities
• Proven ability to collaborate effectively in a fast-paced, matrixed organization
• Strong customer focus combined with strategic and operational thinking

Additional Details
• 5–10% domestic and international travel
• Opportunity to create products that reshape the payments and financial services landscape 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 reasonable_accommodation@mastercard.com 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

O'Fallon, Missouri: $119,000 - $190,000 USD Arlington, Virginia: $137,000 - $219,000 USD Atlanta, Georgia: $119,000 - $190,000 USD Boston, Massachusetts: $137,000 - $219,000 USD Purchase, New York: $137,000 - $219,000 USD

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