MUFG Union Bank Chief Procurement Officer, Managing Director in New York, New York
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
This role is responsible for developing and overseeing the implementation of an effective procurement and vendor management program for MUFG in the U.S. Ensures that procurement strategy supports corporate strategy and aligns to all relevant external regulations. This role will include senior level involvement in establishing a global procurement function (currently in definition phase).
Business and Technical Knowledge
Knowledge of commonly accepted procurement and sourcing strategies and techniques.
Knowledge of the regulatory environment impacting vendor management, sourcing, and procurement.
Development / Implementation of Risk Management
Oversee the design, development, implementation of a procurement strategy for the U.S. lines of business that enable MUFG to achieve the overall corporate strategy.
Design and implement an effective vendor management/vendor compliance program that aligns with all relevant regulatory rules, laws, policies, and procedures.
Implement key performance indicators (KPI) to measure effectiveness of procurement and sourcing program, modify programs as necessary based upon KPI outcomes.
Consistently review MUFG’s existing sourcing and procurement operations, and identify and implement process improvements.
Collaborate with business unit leaders to understand sourcing and procurement needs; ensure that the appropriate infrastructure is in place to support business unit procurement and sourcing needs.
On an ongoing basis, review supplier contracts and agreements to ensure the bank is receiving appropriate levels of service.
Monitor and/or lead review of bid packages, proposals, selection of suppliers, and contract negotiations of major vendor contracts.
Establish process, polices, and governance for business unit sourcing; ensure that business lines are aware on how to effectively source and select vendors.
Review groups of vendors and identify the best possible opportunities for the bank.
Additional coverage areas include Insurance and Accounts Payable.
- Bachelor’s degree or equivalent professional experience
Minimum of 15 to 20 years’ experience in procurement, vendor management, strategic sourcing or equivalent experience; including demonstrated oversight of a procurement, vendor management, and strategic sourcing team.
Experience managing a dispersed workforce (160 employees mainly in Arizona, California and New Jersey)
Evident success in developing and implementing procurement / sourcing strategies across multiple business lines.
Strong analytical skills and problem solving capabilities.
Proven track record in project management and coordination/integration efforts across multiple groups.
Detail-oriented and well organized.
Strong communication and presentation skills.
Strong work ethic, ability to make decisions, and work under tight deadlines.
Professional certifications preferred.
25% travel required.
Internal / External Relationships:
Collaborate with various business unit leaders to identify and meet procurement and sourcing needs.
Manage relationship with IT partners to ensure appropriate system requirements are in place to support procurement and sourcing operations.
Maintain relationship with corporate compliance to maximize alignment of procurement and sourcing program with all relevant internal and external rules, regulations, policies, and procedures.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
Primary Location: NEW YORK-New York
Other Locations: ARIZONA-Tempe
Schedule Full Time
Req ID: 10026431-WD