AI-generated summary
beta
This job is about leading Mastercard's payment connections in East Asia. You might like this job because you'll negotiate with banks, manage payment systems, and shape the future of global transactions in a fast-paced, impactful role.
Undisclosed
Kuala Lumpur, Malaysia, 50490, Kuala Lumpur
Job Description
Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Title and Summary
Director, Product Management (Direct to Scheme)OverviewThe Director for Direct to Scheme, will be responsible for establishing direct connections with payment schemes in East Asia in line with the Mastercard Move XBS network strategy and will be part of the global network partnership team that expands and manages the Mastercard cross border services (MA XBS) payment network.
The Role:
• Oversee and lead East Asia MA XBS direct to scheme expansions as described in the XBS network strategy.
• Manage existing and future direct to scheme connections.
• Lead conversations with local central banks & payment regulators to design the solution
• Detail inner workings of transactional flow (including: payment initiation & messaging, reconciliation, reporting etc..) and funds flow between Mastercard, Central Bank and Payment Scheme.
• Own the local scheme rulebooks from MA XBS perspective and associated implication for Mastercard – detail and develop necessary processes to successfully participate in the scheme.
• Assess the market opportunity and business benefits when enabling and prioritizing a direct connection to scheme.
• Assess and understand the local requirements in order to connect to schemes directly - collaborate with internal/external stakeholders to determine feasibility.
• Scope and drive Mastercard license expansion to support direct to scheme in chosen jurisdictions.
• Support the regional stakeholders and the Transfer Solutions commercialization team with market insight and developments.
• Navigate across cultures and geographies and leverage strong relationships with key groups across Mastercard to gain support and buy-in from regional stakeholders.
• Proactively share and drive institutionalized knowledge through the use of consistent documentation (e.g., support documents) across all processes to support knowledge management and ensure consistency and repeatability across projects
All about You:
• Preferably with at least 12 years of experience in the payments industry.
• In-depth knowledge of payment systems, schemes, and structures.
• Sound experience working in correspondent banking and/or transaction banking.
• Demonstrated success in developing and managing direct scheme connections
• Has experience in international payments, foreign exchange, cash management, settlement and reconciliation processes
• Excellent negotiator with great communication skills to manage stakeholder relationships with eloquence, and authenticity.
• Demonstrated experience building organizational relationships, partnering with and influencing executive leadership while commanding the respect of the individual product practitioners across the organization.
• Proven ability to evolve in a complex matrix environment.
• Thrives in an independent, autonomous and fast-paced environment
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.
Job Requirements
Company Benefits
Workplace flexibility
At Mastercard, we value and support flexibility as part of our hybrid workplace where every employee can do their best work.
Wellbeing benefits
Get access to best-in-class inclusive wellbeing programs and resources to help you be your best self.
Recognizing You
Mastercard offers Recognizing You globally—it’s our peer-to-peer recognition program that enables us to celebrate the big and small wins every day!
Additional Info
Company Activity
Last active - few hours ago
Experience Level
0 - 10 Years of Experience
Job Specialisation
Company Profile
