MasterCard Director, Product Development & Innovation, Bill Pay in O'Fallon, Missouri
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Director, Product Development & Innovation, Bill Pay
As Mastercard seeks to define a world beyond cash, we are pursuing payment opportunities leveraging non-card technologies. Mastercards acquisition of Vocalink adds Real-Time Payments (RTP) to our solution set, allowing us to capture new segments of cash, check and ACH payments for the network. The current consumer bill pay experience is cumbersome, costly, slow and fragmented. By combining our RTP experience within Vocalink with our existing biller network, Remote Payment and Presentment Service (RPPS), we can bring a solution to market that improves this outdated ecosystem for all parties involved. To win in the market, we will also leverage our strengths in brand, standards, consistency, trust and security.
To accomplish this, we must build a world-class bill pay product. We will engage key external partners in our new biller network, including the largest US banks and bill service providers. This product leader will work closely with the Global Product platform owners, Operations & Technology and other key partners to ensure the product is built to our business requirements. We will also align with our counterparts in the regions (Sales and Account teams) to ensure the voice of the customer is being heard. This role will be responsible for shaping and managing the development and ongoing management of the bill pay products, with a focus on the development on the RPPS platform.
Define product capabilities | requirements and translates those requirements to Technology and Delivery teams. Tracks progress and makes product design decisions in partnership with Operations and Technology (O&T) and platform teams. Provide direction and input to Standards, Franchise, Legal and other key partners. Participate in partner co-development discussions and projects (e.g., with banks and billing service providers).
Support the development and management of product capabilities for the Bill Pay product, managing the product lifecycle including product design, creation of business and functional requirements, documentation, training, project management, and on-going product development
Consult as a Product Knowledge Leader for Bill Pay to be enabled with banks, billers, and distributors
Own key features of the Bill Pay product roadmap and strategy, partnering with the RPPS platform and O&T teams to deliver the best overall proposition
Interface with technical platform owners to help translate product requirements ensuring mutual understanding and minimizing time to market
Monitor and review with the relevant teams Service Level Agreements (SLA) to ensure compliance.
Escalate critical operational issues to Real Time Payments management teams and discuss resolutions to ensure operational stability with the concerned delivery teams
Ensure that delivery teams are held accountable for the operating objectives and standards of performance
Measure operations and delivery teams against the operating objectives and performance standards
Develop industry expertise and knowledge of competitors across the value chain of electronic bill presentment and payments, as well as online banking
ALL ABOUT YOU:
Significant payments industry and business knowledge
Relevant experience in product management or new product development.
Excellent managerial and interpersonal skills
Strong project management skills
Able to present sound and well-reasoned arguments to convince others. Draw from a range of strategies to persuade people in a way that results in agreement or behaviour change
Ability to work strategically and collaboratively across functional teams
Effective, versatile and action oriented
Consistently display positive, professional and approachable behaviours
Excellent business acumen and commercial awareness - able to identify and work towards meeting wider organisational goals
Working knowledge of, or expertise in, financial technology particularly in relation to billing and payments
Based in St. Louis
Note: travel required (10-20%)
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.
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Requisition ID: R-72970