Manager, Product Innovation - 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
Manager, Product Innovation - Foundry
Overview
At Mastercard, we believe the future of commerce depends on our ability to identify unmet customer needs and transform them into differentiated products and solutions. Mastercard Foundry serves as the company's innovation engine, partnering across Global Product teams to create, incubate, and scale next-generation offerings that address emerging market opportunities.
The Manager, Product Innovation will be a key member of the Commercial & New Payment Flows (CNPF) portfolio, focused on identifying and developing innovative solutions that address the evolving needs of small businesses and commercial customers. This role will work across product, strategy, engineering, design, and customer research teams to bring new concepts from ideation through commercialization, with a particular focus on cross-border money movement, international payments, commercial payments, and emerging payment technologies.
Role• Lead the identification, evaluation, and development of new product opportunities within the CNPF portfolio.• Partner with CNPF leadership to identify strategic growth opportunities and develop innovative products that address emerging customer and market needs.• Partner with Global Product teams, Transfer Solutions, SME Solutions, and other stakeholders to shape product strategies and innovation roadmaps.• Develop innovative products and solutions that address cross-border and international payment challenges across commercial and new payment flows.• Lead and develop a high-performing team responsible for progressing concepts from ideation through pilot, incubation, and commercialization.• Drive end-to-end product development, including market validation, business case creation, product strategy, pilot execution, and commercialization planning.• Build strong relationships across Foundry, Global Product, Engineering, Design, Research, and regional teams to accelerate product delivery.• Leverage customer, market, and competitive insights to identify emerging trends and unmet customer needs.• Develop and maintain product roadmaps aligned with strategic business objectives and growth opportunities.• Support the development of a robust innovation pipeline by fostering internal and external partnerships.• Apply a data-driven approach to prioritize opportunities, measure outcomes, and inform investment decisions.• Influence senior stakeholders and executive leadership through clear recommendations, business cases, and investment proposals.
All About You• Experience leading product innovation, new product development, strategy consulting, product management, corporate strategy, or business transformation initiatives.• Demonstrated success bringing new products or solutions from concept through commercialization.• Experience incubating and scaling early-stage products, concepts, or innovation initiatives.• Experience managing high-performing teams in a matrixed, cross-functional environment.• Strong understanding of product development methodologies, commercialization processes, and innovation frameworks.• Experience building business cases, product strategies, and go-to-market plans.• Deep understanding of cross-border payments, international payments, money movement, remittances, commercial payments, and emerging payment ecosystems.• Experience influencing senior executives and cross-functional stakeholders to drive alignment and investment decisions.• Ability to influence and collaborate effectively across global and multicultural teams.• Strong executive communication and stakeholder management skills.
Preferred Experience• Experience with digital assets, stablecoins, blockchain-enabled payment solutions, or emerging money movement technologies.• Experience working within fintech, payments, banking, consulting, or technology organizations.• Familiarity with B2B, B2B2C, and SMB customer segments.• Strong analytical skills with experience leveraging customer and market insights to shape product strategy.
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 [email protected] 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 and may be eligible for an annual bonus or commissions depending on the role. The base salary offered may vary depending on multiple factors, including but not limited to location, job-related knowledge, skills, and experience. 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 of new parent leave and up to 20 days of bereavement leave); 80 hours of Paid Sick and Safe Time, 25 days of vacation time and 5 personal days, pro-rated based on date of hire; 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; and many more. Mastercard benefits for interns generally include: 56 hours of Paid Sick and Safe Time; jury duty leave; and on-site fitness facilities in some locations.
Pay Ranges
New York City, New York: $156,000 - $265,000 USD
Purchase, New York: $150,000 - $254,000 USD