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Innovation Manager, New Product Development

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Mastercard

Yesterday

  • Job
    Full-time
    Senior Level
  • Research & Development
    Product
  • London

AI generated summary

  • You need experience in product development, rapid prototyping, and generating innovative ideas, with strong communication skills and an interest in the payments industry, plus ability to work globally.
  • You will drive new product concepts, manage development from idea to commercialization, create product roadmaps, build relationships across teams, and assess market opportunities with data-driven insights.

Requirements

  • Experience in developing and commercializing new products
  • Understanding of product development concepts and practices across the product development life cycle.
  • Experience in overseeing the rapid prototyping process for global/ multi-region products
  • Demonstrated success in generating, structuring, evaluating, and promoting innovative ideas within an organization
  • Able to build relationships and delivering results with global, multi-cultural and remote project teams
  • Strong communication skills, able to articulate and where necessary simplify concepts and details.
  • A strong interest and understanding of the payments industry and/or working in a B2B2C ecosystem.

Responsibilities

  • Help drive the generation and analysis of new concepts and solutions for CNPF, interfacing with internal product teams, customers, and end-users
  • Own the development of concepts into commercial products, from concept through pilot, incubation and commercialization, leveraging the Foundry Engineering, Customer Research, and Experience Design teams
  • Develop and own product roadmaps, pilot launch plans and business cases throughout the product development process
  • Build relationships across the Global Products teams and Foundry teams to support the delivery of new products
  • Support the ideation and development of a strong pipeline of Foundry projects leveraging internal and external relationships
  • Uses a data-driven approach to assess market opportunities and to build business cases incorporating accurate representations of future revenues and expense bases

FAQs

What is the main purpose of the Innovation Manager role at Mastercard?

The main purpose of the Innovation Manager role is to define and differentiate new products and solutions that drive value for customers, focusing on building innovative solutions to address small business pain points.

What qualifications are required for the Innovation Manager position?

Candidates should have experience in developing and commercializing new products, an understanding of product development concepts and practices, and strong communication skills. A strong interest in the payments industry and experience with global/multi-region products are also important.

What teams will the Innovation Manager collaborate with?

The Innovation Manager will collaborate with internal product teams, customers, end-users, and teams from the Foundry Engineering, Customer Research, and Experience Design departments.

What is the role of the Innovation Manager in product development?

The Innovation Manager is responsible for driving the generation and analysis of new concepts, owning the development of those concepts into commercial products, and developing product roadmaps, pilot launch plans, and business cases throughout the product development process.

Is a data-driven approach important for this role?

Yes, a data-driven approach is essential for assessing market opportunities and building business cases that accurately represent future revenues and expenses.

What is the significance of corporate security responsibility in this role?

All employees, including the Innovation Manager, must abide by Mastercard’s security policies and practices to ensure the confidentiality and integrity of information accessed, report any suspected violations, and complete mandatory security training.

What type of work culture does Mastercard promote in this position?

Mastercard promotes a collaborative work culture that embraces diversity, allowing the Innovation Manager to build relationships and deliver results with global, multi-cultural, and remote project teams.

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Mastercard

Connecting Everyone to Priceless Possibilities

Consulting
Industry
10,001+
Employees
1966
Founded Year

Mission & Purpose

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making 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.