Job Information
MUFG Assistant Vice President, Procurement Specialist in Singapore
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
Purpose of the role:
Reporting directly to the Head of Singapore Procurement (non-IT). As Procurement Specialist, you will be working closely with Head of Procurement Team by contributing to the end of end Category management and strategy development, including sourcing execution, contract negotiation, as well as supplier management processes. Your role is pivotal in identifying and realizing cost saving initiatives that deliver real business value in the category across all MUFG’s business units.
Job Responsibilities:
Lead to sourcing activities through the utilization of applicable corporate policies.
Identify, lead, and execute cost saving initiatives that deliver value in the indirect Procurement of goods and services.
Responsible for setting and achieving performance goals / metrics to improve total delivered / lifecycle commodity cost, quality, and services.
Develops new supply sources where vendors and suppliers are inadequate.
Ensure deep understanding of business needs to support market analysis, and cost benchmarking by spend category.
Stay abreast of commodity prices that are significant drivers in the cost of products and the impact that commodity cost changes have on unit cost.
Monitors the cost, schedule, and scope of assigned subcontracts to assure best quality at best.
Checks requisitions, obtains quotations, issuing of RFP/RFQ, conducting bid analysis and see through contracting and tender award process.
Develop and prepare periodic reports on indirect Procurement activities.
Job Requirements:
Bachelor's degree in Supply Chain, business administration, or accounting
Professional certifications in the field of Sourcing/Procurement/Supply Chain (e.g., CIPS, CPPM, CPM) are advantages.
Minimum five years' procurement /contract management/ category management.
Proficiency in procurement tool like Zycus/Ariba/Coupa/SAP and analytical software.
Experience in leading a team would be preferred.
In-depth business management and strategic sourcing knowledge.
Excellent interpersonal and communication (written, verbal) skills.
Excellent problem solving and project management skills.
Performance-driven balanced with proven success of working effectively in a cross-functional team in an international environment.
Competent in formulating supplier negotiation strategies to address commercial and contractual (includes boilerplates and KPIs/SLAs) aspects.
We regret to inform that only shortlisted applicants will be notified.
MUFG Bank Ltd & MUFG Securities Asia Limited (collectively referred to as “MUFG”) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute