Director, Open Banking Who is Mastercard?

Mastercard is a global technology company. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making payment and data 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, or DQ, 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:

Open Banking is a worldwide phenomenon, gathering pace over the recent years and set to transform many aspects of retail financial services (as well as many adjacent industries). There are a number of markets already live with various forms of open banking offerings (e.g. EEA markets thanks to PSD2, or US owing to long-standing market-driven initiatives). In most other markets, open banking is at earlier stages of development, yet already seeing plenty of attention from established players as well as new entrants.

Mastercard has built an initial suite of Open Banking Solutions and is now in the process of bringing them to market, commercializing, and enhancing them, predominantly to date in Europe and the US. See www.mastercard.com/openbanking. Over the last few years, we have established a large, cross-functional team that is focusing on product design and delivery.

This role is pivotal in enabling Mastercard to establish open banking presence globally.

Key aspects of the role:
1. Designing the appropriate strategy for deploying selected global Mastercard
Open Banking Solutions in key markets.
2. Internal and external thought leadership

In the process, the individual will work closely with, and where appropriate influence/persuade:

• Technical experts focusing on scoping the technology aspect of the open

banking rollout

• IMK business development function, to build an understanding of the needs of

local key customers (banks as well as fintechs, merchants and others), as well as
to commence early-stage deployment conversations

• Corporate Development and Procurement personnel if the local deployment

requires use of external supplier(s)

• Data & Strategy leads, to jointly drive the data requirements behind local products

and services

• Technology teams that will drive product localization, as well as Customer

Delivery and Legal on setting up new relevant onboarding processes and
contracts

The individual will be an expert on the relevant features, benefits, and needs of current and future customers. The individual will also be a key member of the Mastercard Open Banking Global Product team responsible for defining the product strategy for the overall product portfolio.

Role:

• Design optimal strategy for product deployment and localization across the key

markets, factoring in the current and projected future state of the relevant
markets, competitors, regulatory pressures etc.

• Accompanying that, you will develop and maintain cost forecasts behind

connectivity build, as well as costs, revenue and sales forecasts behind localized
Open Banking Solutions with Sales, O&T and Finance that stand the test of time.

• Work with third-party companies throughout the sourcing, contracting and

deployment phase to drive regional execution of our strategy

• Actively engage potential customers and partners within the region, and drive the

process of reflecting their needs in the local deployment of the relevant open
banking products

• Be an internal expert on open banking as a whole, staying engaged with key

ongoing market developments, regulatory interventions, competitor activity,
events and conferences etc.

• Act as a contributor and/or lead through the development life-cycle working as

an integrated part of the delivery team utilizing agile development techniques. In
some circumstances, it will be in the context of Mastercard internal teams, in
others with third-party suppliers/partners.

• You will actively translate specifics of the local market (e.g. data protection, data

privacy, on-soil requirements, etc.) to product requirements, feed them into
relevant product localization planning

Minimum required experience:

• Experience in banking, payments, or FinTech sectors.
• Successful B2B product development and/or management experience
• Experience of engaging across the organization with internal colleagues and

third-party suppliers (e.g. IT, Operations, finance and marketing)

Preference will be given for:

• Experience in engaging with external customers (in a sales or relationship

management role)

• Product Management experience of a business or consumer-facing application

or technology service

• A core understanding of Open Banking
• Fluency in SpanishIn the US, Mastercard is an inclusive Equal Employment 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. If you require accommodations or assistance to complete the online application process, please contact reasonable_accommodation@mastercard.com 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.

• 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.

NYC Salary Range: $164,400 - $254,400
Westchester County Salary Range: $137,000 - $212,000