Product Director, Mastercard Transaction Services - Digital/Crypto focus

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

Product Director, Mastercard Transaction Services - Digital/Crypto focus

Overview
Mastercard Transaction Services (MTS) is a Licenses-as-a-Service organization, enabling Mastercard products to provide regulated domestic and international funds transfers. This is a first-of-its kind organization at Mastercard, and the design and realization of the MTS Platform, services, and standards are critical to enabling Mastercard’s broader multi-rail strategy.

MTS is designed to enable products to efficiently operate in compliance with multiple global regulatory frameworks, and monetize payment flows not currently addressable by Mastercard.

The MTS Product and Platform team leads MTS engagement with regulated Mastercard Product lines, through the assessment, design and development of solutions that take advantage of MTS regulatory approvals and licenses, operational capabilities, and ring-fence; while ensuring MTS has sufficient oversight and control to manage business risks associated with these new flows.

The team also leads the MTS platform ecosystem strategy, roadmap, and design, targeting the development of effective and re-useable capabilities, solutions and standards that can be leveraged to enable product lines to launch the licensed services more rapidly.

As the team leads MTS initial engagement with the Product lines, the team will coordinate engagement of MTS’ cross functional SMEs.

The Director, MTS Product & Platform, will support our Digital product line, focused on the requirements, design and development of MTS capabilities required to enable Digital Currency Settlement, and our BitLicense application.


Role
• As a key member of the MTS Product team, while the Director will focus on engagement with the Digital and Crypto Product line the role will also support engagement across other product lines, the platform strategy and support establishing the MTS capability.
• Act as a consultant and partner to Product Lines targeting regulated payment flows, to help them understand the challenges, design solutions and support the launch the regulated business activities.
• Coordinate and lead MTS cross functional response, and development of MTS capabilities, including MTS’ technology platform, treasury, compliance, and finance integrations to support the digital enablement of our card network.
• Work alongside the digital and product line teams, as they build their product to ensure the MTS requirements are designed in, implemented, and tested as effective.
• Support ongoing change management, by representing MTS in the Product change approval process, to ensure the controls remain effective over the product lifecycle, approving go live and subsequent product change.
• MTS Platform SME, working with the Regulatory, Legal, Compliance and product lines teams to understand and remain up to date on the regulatory challenges and opportunities that our MTS product platform must address.
• Develop the MTS product platform eco-system roadmap, prioritizing longer term investment against immediate demand and reuse of existing assets, to maximize impact, efficiency, and ease of adoption of the MTS platform.
• Working with the Development and Engineering teams, and the MTS platform team, to ensure that the MTS platform capabilities are developed to specification.
• Champion and advance the MTS strategic vision, developing product line opportunities to expand into new payment flows, creating differentiation relative to our competition for Mastercard.
• Create Product platform standards and product documentation

All About You
• Experience of card payments, digital commerce, and Mastercard products; Ideally including Crypto payments, Cross border payments or other regulated payment flows.
• Experience of designing and managing technology enabled products and services, development and execution of a product or business strategy
• Knowledge of FX treasury and financial crimes compliance solutions a benefit.
• Solid understanding of competitive offerings and industry trends, especially how regulation is impacting the payments industry at both the local and global levels
• Superior communication, presentation and interpersonal skills including the ab