MasterCard Senior Vice President, Strategy, Pricing and Interchange in Purchase, New York
Who is MasterCard?
We are the global technology company behind the worlds fastest payments processing network. We are a vehicle for commerce, a connection to financial systems for the previously excluded, a technology innovation lab, and the home of Priceless ®. We ensure every employee has the opportunity to be a part of something bigger and to change lives. We believe as our company grows, so should you. We believe in connecting everyone to endless, priceless possibilities.
Senior Vice President, Strategy, Pricing and Interchange
The International Markets (IMK) Pricing and Interchange team provides guidance, transparency and expertise in developing global pricing and interchange strategies across 200+ countries and territories for both current and new products & services
The team develops and implements proposals that drive our business and product strategy and delivers profitable growth for MasterCard
The team also works collaboratively with multiple stakeholders across MasterCard to act as a global team on cross-cutting issues: sharing best practices, taking the network perspective across products and regions, and ensuring consistency where needed
This position will play a key role in:
oDeveloping & implementing pricing and interchange strategies, for both our traditional business and emerging opportunities
oAccelerating the IMK Enterprise Partnerships team commercialization efforts by developing scalable economic models for new business opportunities (e.g., B2B spend, business development to attract new pools of volume, etc.)
oBuilding new tools to inform how we set our pricing and interchange, and
oConducting analysis as needed on strategic questions & issues
Position reports to the President, IMK Enterprise Partnerships, and will be based in Purchase, NY
To be successful in this role, ask yourself:
Can you effectively use data and insight to: create new economic models for MasterCard in the digital age, build alignment, and drive to execution?
Do you enjoy work that is simultaneously highly quantitative, and requires you to think and act strategically?
Are you comfortable working in a dynamic environment, with a global and diverse set of stakeholders and external challenges?
Partner with regional pricing teams, account/sales leaders, product development/management, legal, operations and other stakeholders to determine appropriate, value-driven pricing & interchange for new MasterCard products and services
Develop pricing and interchange strategies and structures that reflect the shift in consumer behavior and the introduction of new technology, such as P2P, mobile payments and tokenization, etc.
Build models and frameworks for assessing pricing and interchange through: competitive benchmarking vs. traditional and emerging payments providers, comparison vs. alternatives (e.g., cash/check) and the value created and delivered to each part of the four-party system
Lead and develop a high-performing team of 6 full-time employees
Conduct strategic analysis and research to create actionable insights e.g.,
oEvaluate key product portfolios (e.g., affluent, corporate, etc).
oIdentify opportunities for MasterCard in non-traditional spaces (e.g., small merchants, low/high value tickets, new acceptance verticals, and new business development opportunities for our network, etc.)
oDevelop competitive insights based on market/external trends (e.g., competitors, changes in technology, etc.)
Act as the IMK subject matter expert for both internal and external parties on Mastercards pricing and interchange.
All About You
Bachelors degree, with preference for quantitative focus. Advanced degree desirable, e.g. CPA, MBA
Experience leading and developing strategic and quantitative analysis on bankcard industry pricing and interchange.
Solid understanding of the end to end card economics within the bankcard industry, e.g. Issuing, Acquiring, Merchant, MA, competitive brands, etc.
Ability to oversee multiple projects and initiatives concurrently
Senior level presentation and communication skills
Self-motivated with a proven track record of delivering success while operating within a team environment
Limited global travel as needed
Equal Opportunity Employer
Requisition ID: R-40999