Senior Vice President, Core New Product Development (Foundry)

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

Senior Vice President, Core New Product Development (Foundry)

Overview
As Mastercard accelerates growth across it’s Core business, this SVP within Foundry role will lead the strategy, development, and incubation of high impact, next generation products—including enabling the business’s most strategic Big Bets. This leader will define and drive a holistic product and technology roadmap for breakthrough innovations, leveraging deep expertise in product development, Core Payments subject matter and/or platform architecture to transform ideas and strategy into scalable commercial solutions.
The SVP will operate at the intersection of Product, Engineering, CX, and Technology, ensuring Mastercard builds differentiated, future ready capabilities that expand our footprint in new markets, segments, and platforms. An ability to foster and grow a high performing team within rapidly changing contexts and priorities, and ability to drive ‘signal from noise’ is critical to the role.
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Key Responsibilities
• Lead key Big Bets across Core and/or Services, or key distinct role for Foundry across Core Big Bet priorities —setting vision, strategy, investment decisions, and success metrics across the accountable workstreams/role
• Identify opportunities to build enterprise-wide infrastructure and capabilities that can scale across product lines and drive the Core X Services flywheel wide infrastructure and capabilities that can scale across product lines
• Evolve / refine the global innovation pipeline for key focus areas within Core Payments, ensuring concepts meet business relevance thresholds and can scale globally; pause / kill products that don’t show evidence of high commercial potential or Core Payments / enterprise scale
• Shape and communicate the strategic narrative for New Product Development including thought leadership and executive storytelling.
• Engage customers, develop strategic partnerships and co creation opportunities
• Lead a global team while fostering an inclusive, high performance, innovation driven culture.
• Guide teams through the full Studio lifecycle—from concept sourcing to design, technical validation, prototyping, and pilot execution. Partner with teams to ensure products graduate successfully from pilot to production.
• Partner with relevant teams to drive go to market and commercialization planning for validated concepts, coordinating with regional teams, Product, and Sales.
• Drive alignment across CX&D, R&D, and Core Product Engineering to accelerate delivery and de risk development.
• Oversee intellectual property development, including patent filings for differentiated solutions.
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Required Experience & Capabilities
• Deep, hands-on leadership experience in product development, including scaling technology platforms and launching new products globally.
• Strong technical fluency in Core Payments, payment rails, consumer products, acceptance side technologies and critical enablers (e.g., tokenization / identity)
• Experience and at least deep awareness of key technology focus areas (e.g., agentic commerce)
• Strong interest and/or fluency in AI toolset to drive productivity, rapid prototyping and time to market
• Proven ability to translate business strategy, potential responses to ecosystem changes and/or complex technical concepts into products with significant commercial potential
• Experience leading and working across cross functional global teams in a matrixed environment.
• Ability to drive synergies, align conflicting priorities, and rapidly guide teams from exploration to execution.
• Track record of incubating emerging technologies, introducing products across multiple markets, and shaping new business models.
• Strong grasp of customer centered design, pilot frameworks, and product lifecycle management
• Superior communication and executive storytelling skills.
• Demonstrated agility, resilience, and comfort operating in high ambiguity environments.

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.