Mastercard Jobs

Job Information

MasterCard Associate Specialist, Product Development in Gurgaon, India

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

Associate Specialist, Product Development

Who is Mastercard?

We are the global technology company behind the world’s 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.

Mastercard has over 2 billion payment cards issued by 25,000+ banks across 190+ countries and territories, amassing over 10 petabytes of data. Millions of transactions are flowing to Mastercard in real-time providing an ideal environment to apply and leverage AI at scale. The AI team is responsible for building and deploying innovative AI solutions for all divisions within Mastercard securing a competitive advantage. Our objectives include achieving operational efficiency, improving customer experience, and ensuring robust value propositions of our core products (Credit, Debit, Prepaid) and services (recommendation engine, anti-money laundering, fraud risk management, cybersecurity).


• Gather relevant information to define the business problem

• Creative thinker capable of linking AI methodologies to identified business challenges

• Develop AI/ML applications leveraging the latest industry and academic advancements

• Ability to work cross-functionally, and across borders drawing on a broader team of colleagues to effectively execute the AI agenda

All About You:

• Demonstrated passion for AI competing in sponsored challenges such as Kaggle

• Previous experience with or exposure to:

•Deep Learning algorithm techniques, open source tools and technologies, statistical tools, and programming environments such as Python, R, and SQL

•Big Data platforms such as Hadoop, Hive, Spark, GPU Clusters for deep learning

•Classical Machine Learning Algorithms like Logistic Regression, Decision trees, Clustering (K-means, •Hierarchical and Self-organizing Maps), TSNE, PCA, Bayesian models, Time Series ARIMA/ARMA, •Recommender Systems - Collaborative Filtering, FPMC, FISM, Fossil

•Deep Learning algorithm techniques like Random Forest, GBM, KNN, SVM, Bayesian, Text Mining techniques, Multilayer Perceptron, Neural Networks – Feedforward, CNN, LSTM’s GRU’s is a plus. •Optimization techniques – Activity regularization (L1 and L2), Adam, Adagrad, Adadelta concepts; Cost •Functions in Neural Nets – Contrastive Loss, Hinge Loss, Binary Cross entropy, Categorical Cross entropy; developed applications in KRR, NLP, Speech and Image processing

•Deep Learning frameworks for Production Systems like Tensorflow, Keras (for RPD and neural net architecture evaluation), PyTorch and Xgboost, Caffe, and Theono is a plus

• Concentration in Computer Science

Due to COVID-19, most of our employees are working from home. We’ve implemented a virtual hiring process and continue to interview candidates by phone or video and are onboarding new hires remotely. We value the safety of each member of our community because we know we’re all in this together.

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.​

If you require accommodations or assistance to complete the online application process, please contact and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.

Corporate Security Responsibility

Every person working for, or on behalf of, Mastercard is responsible for information security. All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and therefore, it is expected that the successful candidate for this position 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.

Requisition ID: R-144244