Manager - New Product Development
MastercardToronto, CanadaPosted 22 March 2026
Job 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 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 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 commercial payments, new payment flows, real time payments, data and services. Within Foundry, the Manager, Product Development will lead the execution of new product initiatives across Mastercard's Business & Market Insights and Open Finance groups. Role responsibility including identification, execution, and in-market delivery of new products and solutions. This includes 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: - Engage in idea generation for new, data and analytics focused products and solutions including workshop facilitation and collateral development. - Contribute to developing product concepts and prototypes and independently own and deliver key tasks associated with it. - Partner with Product & Engineering partners and our Customer Experience & Design on concept validation and market testing and deliver key tasks associated with it. - Contribute/own business case development and planning for individual products. - Own and deliver high quality collateral materials to facilitate internal decision making. - Lead cross functional workshops and manage follow up actions to completion. - Work within a matrixed organization to influence and drive outcomes within tight timelines. All About You: - Proven experience building new products - Strong analytical, verbal and written communication skills - background in AI a plus. - Strong product development and management experience, including rapid opportunity identification, concept development, business model innovation, and in market testing of global products is preferred. - In-depth understanding of commercial payment ecosystem and payments globally or previous experience working in Payment's innovation space delivering new to market value propositions. - Critical thinker that is comfortable with technical details, and experience working with R&D teams - Flair in connecting people and ideas; ability to operate in a matrix environment. 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 ... (truncated, view full listing at source)
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