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, Products and Solutions (Core Products) Job Overview:- Ensure positive cardholder experience by working with Issuers and Partners.
- Develop product strategies and roadmaps to execute to ensure maximum penetration of market segments.
- Manage and maintain existing product lines on an on-going basis, including vendor management.
- Conduct opportunity assessments on new ideas and concepts.
- Provide design specifications for product enhancements to Product Development.
- Define business and technical requirements, and manage the relationships of technical resources and the Global Technology Organization to maintain and build out platforms.
Major Accountabilities:
• Work with Issuers and Partners to create positive experiences for cardholders • GDV growth of Product and support new and increased issuance
• Identify strategic business-building opportunities in products and solutions that can be offered to customers
• Be an industry expert to determine new needs and innovations that MasterCard may want to investigate
• Monitor performance, provide feedback, define & approve change control processes, and manage partner relationships
• Overall responsibility for idea generation; concept validation; and business case development for existing products
• Develop and implement programs and initiatives using the Go-To-Market process to increase card issuance in both established and emerging markets
• Responsible for evaluating and applying market research and directing opportunity assessments on new ideas and concepts and communicating them to Product Development
• Direct coordination with Product Development, customers and third parties to develop strategy and enhancements of product offerings
• Oversee the planning, development and design of product marketing strategy from product decision through end of life cycle
• Build relationships with product groups to garner feedback for development of MasterCard products
• Oversee the execution of advertising, promotional, and sales programs to meet unit objectives
• Work with regional/line staff to ensure maximum penetration of market segments.
• Drive strategic and financial planning efforts and oversee management of the department
• Ensure appropriate staffing levels are maintained for current needs as well as anticipated growth and/or changes
• Lead department in development and completion of objectives and assess management staff against established measures
• Ensure that department objectives are aligned with the overall Business strategy and that individual team members are evaluated
Education:
• Bachelor's degree in business or equivalent work experience. MBA degree desirable
Knowledge / Experience:
• 10 years related business experience in product management, product development, product marketing, or business development in financial services and/or bankcard industry preferred.
• At least 5 years of management experience is desirable.
• Experience developing and managing department budgets
Skills/ Abilities:
• Excellent oral and written communication, negotiation, project management and matrix-management skills are critical
• Ability to interact and coordinate effectively with internal and external business partners
• Ability to effectively direct and manage multiple functions
• Ability to initiate and effectively lead change efforts
• Business Acumen with the ability to provide solutions that drive positive results to the customer and MasterCard
• Self motivated with a proven track record of delivering success while operating within a team environment
• Embody the MCW leadership principles: demonstrate courage & resolution; encourage teamwork, integration, & inclusion; execute the global strategy; inspire & empower; operate with a sense of urgency
• Availability to travel when required.
• Fluent English.
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.
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