Senior Specialist, Product Development (ISO 20022 / ISO 8583 | AI/GenAI, LLMs)

Mastercard is hiring a Senior Specialist, Product Development (ISO 20022 / ISO 8583 | AI/GenAI, LLMs) in Pune.

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 Senior Specialist, Product Development (ISO 20022 / ISO 8583 | AI/GenAI, L

Responsibilities

The role offers an opportunity to join the Network Product team driving multiple Mastercard products. As a Senior Specialist, Product Development, you will be responsible for: Defining technical requirements using ISO 20022 and ISO 8583 message specifications for new products and platform capabilities. Driving innovation using AI/GenAI technologies to improve product development, automation, operational efficiency, and engineering workflows. Driving product strategy across authorization, clearing, settlement, and payment network processing domains. Collaborating with cross-functional teams to manage message specifications and API-first product integrations. Working with RESTful APIs, JSON/XML payloads, authentication mechanisms, and service integration frameworks. Translating ISO 20022 / ISO 8583 specifications into scalable API-based service definitions. Managing release readiness and supporting successful product and feature launches. Presenting proposals, strategy, and progress updates to Product leadership and key stakeholders. An Ideal Candidate Should Have Bachelor’s degree or equivalent practical experience (required) 5+ years of Product Management / Product Development / Product Owner experience (preferred) Strong hands-on experience in Cards & Payments domain (required) Strong knowledge of ISO 8583 transaction flows and messaging standards (required) Experience/knowledge of ISO 20022 standards and specifications management (preferred) Good understanding of authorization, clearing, settlement, and payment network processing (required)

About Mastercard

Job Title: Senior Specialist, Product Development Who are we: 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 quoti