Our Purpose

We work 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. We cultivate a culture of inclusion ([...] for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results.

Job Title

Manager, Consumer Solutions - Optimization & Economics, Pricing

Who is Mastercard? 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.

The Optimization & Economics team is looking for a Manager to help grow one of the 4 pillars of the team. The team’s mission is to make sure that as an organization, Mastercard optimizes and realizes the full potential of its solutions, including monetizing the value we deliver. You will be part of the global Consumer Solutions Organization focused on Mastercard’s consumer value proposition, future proofing Mastercard acceptance, and future proofing our business in general looking at new digital infrastructure and Fintechs. The Optimization & Economics team works alongside the product and infrastructure teams focused on building, differentiating, and deploying these Consumer solutions.

The role

As Manager in Consumer Solutions - Optimization & Economics, Pricing team you will work at the heart of Mastercard’s business and enjoy a broad exposure to all its different aspects. You will work in an international environment, across the geographies and across all products.

In this position you will help lead the economic strategies for Mastercard products and services. You will design, assess and implement initiatives to strengthen Mastercard’s’ competitive position on product and market level. By enhancing and shaping our economics you play an important role in the development and adoption of innovative payment solutions.

The candidate will be part of a dynamic team, at the heart of MasterCard business, working in close relationships with colleagues from all horizons: across geographies and functional areas, analyzing a fast-moving economic landscape and supporting the design of the appropriate economics.

Major Accountabilities:

• Drive corporate consumer and digital objectives through economic levers

• Partner with global Product Owners to understand the product’s value

• Collaboration with Product Owners and Regional teams to drive value-based pricing and interchange proposals applying our global pricing framework

• Gain knowledge on metrics, measurements, and benchmarking practices across the multiple networks and data sources within the organization.

• Partner with our Data Scientist to identify key data criteria to build pricing models and billing processes

• Partner with GBSC Billing team to understand billing processes to implement pricing proposals; understand considerations for efficient and fast billing implementation

• Identify and perform pricing analysis to assess impact and solutions of potential product interchange and pricing initiatives at region and market levels

• Develop, manage, and present pricing proposals to global pricing committee to gain approval

• Manage timely communication and implementation of approved pricing and interchange proposals including the review of business requirements, the development of implementation documents, and follow up.

• Identify and recommend best practices in pricing and interchange

• Monitor competitive pricing and interchange practices through consultation with business managers and public information sources

We recruit for and value the following core competencies:

• Passion: Actively seeks responsibility and takes pride in delivering the highest quality results and recommendations to our clients.

• Analytic Excellence: Demonstrates a strong aptitude for structured problem solving and quantitative skills.

• Project Management: Clear interest in project delivery with business clients, and intuition for the way that companies make decisions. Ability to multi-task in a fast-paced, deadline-driven environment

• Communication and Presence: Excellent written and verbal communication skills, positioning Mastercard’s solutions as high value solutions. Ability to communicate complex ideas effectively – both verbally and in writing – in English and the local office language(s)

• Teamwork: Willingness to work within small teams to produce outstanding deliverables, with a will to win attitude. Demonstrated ability to build trust-based relationships with colleagues and customers

• Integrity: Commitment to Mastercard's values of honesty and integrity with a willingness to embrace and learn from our mistakes.

• Diverse Perspective: Brings a unique skillset or approach to the table in every engagement or internal activity.

• Overall: Bring your Passion and Expertise

Experience:

• 5+ years of experience in finance and/or economics

• Strong analytical experience

• Working experience in pricing area a plus

• Price modeling experience

• Proven leadership skills and ability to work independently

• Proven project management experience, problem solving and planning skills, with a demonstrated record of success managing multiple projects with internal and external partners

• Ability to assess business needs and develop a course of action that effectively integrates technical and business components, to organize a solution process that includes appropriate cross-organizational participation, yielding quantifiable results for Mastercard Worldwide

• Proven ability to coordinate multi-functional teams and to lead and drive as a subject matter expert

• Proven ability to execute and deliver on target against established objectives

• Written and oral fluency in English required, second language a plus

• High proficiency with computer spreadsheet, word processing, data mining and presentation software such as Microsoft Excel, Word, Power Point required, working knowledge of Alteryx a plus

Education:

• Bachelor’s degree in Business, Finance, Economics, Engineering, Physics, Mathematics, or Computer Sciences required. Master’s degree a plus.

• International programs or experience in international positions required.

COVID-19 Considerations

We value the safety of each member of our community because we know we’re all in this together. In many locations, which may change over time, we’ve implemented a virtual hiring process and continue to interview candidates by video or phone. In addition, in some locations, only individuals who have been fully vaccinated will be permitted inside Mastercard offices until further notice.

In the US, Mastercard is a government contractor, which may legally require most Mastercard employees to be vaccinated unless a verified approved medical or religious exemption is granted. Further, we are currently making every effort towards having employees return to work in the office 2 days per week, if that makes sense for their team. Everyone must be vaccinated to enter Mastercard offices at this time. Therefore, we expect all candidates to be vaccinated or to be approved for a medical or religious accommodation prior to commencing work at Mastercard.

Corporate Security Responsibility

All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:

• 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