Director - New Product Development 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. This role sits at the intersection of Open Finance and Business & Market Intelligence, with a strong emphasis on shaping platform‑level capabilities—including data sharing frameworks, consent infrastructure, identity, and API‑driven ecosystems. The Director, New Product Development will support the identification, design, and delivery of new‑to‑market products that enable secure, scalable, multi‑sided data ecosystems.

This includes both near‑term commercial opportunities that drive revenue and differentiation as well as longer‑term platform bets that establish Mastercard as a leader in open data networks and financial connectivity. Engage in idea generation for new to market products and solutions including workshop facilitation and collateral development. Facilitate the development of product concepts and prototypes,



including independently owning and delivering key workstreams.

Contribute/own business case development and go‑to‑market planning for individual products. Own and deliver high quality materials to facilitate internal and external decision making. financial services, lending, insurance, payroll, commercial data). Proven experience in 0→1 product development within complex enterprise environments.

Strong experience in Open Finance, open banking, data platforms, or API ecosystems. Deep understanding of multi‑sided marketplace dynamics and data value exchange models – robust analytical, communication, and executive storytelling skills. Appreciation for AI‑driven and agentic patterns in data ecosystems is a plus.

Critical thinker that is comfortable with technical details, and experience working with R&D; teams.

Corporate Security Responsibility

Abide by Mastercard’s security policies and practices. Toronto, Canada: $150,000 - $234,000 CAD In line with Mastercard’s total compensation philosophy and assuming that the job will be performed in Canada, the successful candidate will be offered a competitive pay based on location, experience and other qualifications for the role and may be eligible to participate in a discretionary annual incentive program. #

📌 Head of Design & Product Development (Toronto)
🏢 Mastercard
📍 Toronto