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MUFG Vice President, Regional Category Procurement Lead in Singapore

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 160,000 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

In this role you will be responsible for the sourcing and negotiation of the Regional Procurement for Professional services and market data category requirements. As the Regional Category Procurement lead, you will be responsible for the creation and delivery of high-value sourcing strategies across MUFG Bank’s procurement portfolio. The ideal candidate is known as a category subject matter expert, a thought leader and has professional credibility within the category portfolio. Ideal category expertise will include experience with in-depth Strategic Sourcing and Supplier Management. The Category lead will provide leadership and oversight to their team, typically including a combination of category sourcing lead. Shape and co-develop and implement regional category strategy, negotiate agreements and contracts, and manage special procurement project initiatives. Analyze and understand regional multimillion dollar spend categories, act as a strategic partner to functional areas within the company to lead the development and achievement of all category goals, including overall best value sourcing strategies for categories (quality, service and cost), negotiating and contracting, SRM (supplier relationship management), establishing partnerships with key suppliers, and harmonizing supplier base

Job Responsibilities:

  • Develop and implement regional category sourcing strategies with business leads for assigned categories of products and services, several which are complex and of strategic importance, high value and critical to the success of the business.

  • Drive innovation and the development of how to satisfy the requirements of goods and services.

  • Utilize analytics to enable effective procurement strategies to measure and improve supplier performance against key business objectives while reducing costs and increasing value

  • Stay current and informed on the market (category based), changing technologies, and regional market trends to ensure category strategies are delivering maximum value while maintaining quality and service.

  • Identify, manage, and mitigate risks in the supply chain, follow market conditions and collect vendor intelligence; anticipate market trends and develop strategies.

  • Identify category sourcing opportunities and drive sales across sub-categories of Hardware. Synthesize findings into actionable insights and robust sourcing strategies. Develop complex total cost of ownership models.

  • Act as the single point of contact in providing expert leadership to the sourcing function for Professional and Market data categories;

  • Understand the best practices in the sourcing function and to incorporate them into the category strategy;

  • Implement a strategic supplier management program and reduce the number of non-strategic suppliers;

  • Implement effective regional contract management practices, supplier due diligence and supplier risk management.

  • Manage cost savings and performance measurement systems for supplier contracts.

  • Track, analyze and report cost savings against investment proposals, capital expenditure and contract spend commitments.

  • Utilize Collaborative procurement for partnering and competitive processes to assure continuous improvements in quality, supply chain and service performance, and maximize the value to CRL.

  • Develop, negotiate and manage global contractual relationships including all appropriate supply agreements, statements of work and quality specifications, and quality service agreements

  • Develop senior level relationships to better understand and align with business strategy and direction to prioritize initiatives and harmonize business and category strategies.

  • Ensure business partners are aware of procurement standards and processes

  • Assure the success of sourcing projects with attention to detail and communication with involved parties.

  • Utilize SRM process and develop formal supplier business review program and requirements as part of the overall supplier management process.

  • Liaise with procurement peers to ensure a consistent approach to category strategies and management.

  • Work closely with suppliers to ensure a complete understanding of the global market. Manage supplier relationships and serve as their key contact for contract management and service level adherence, ensure appropriate level of relationship for strategic suppliers

  • Ensure the enforcement of related process and policy, working with Finance, Legal, Procurement, Develop criteria for new supplier evaluation and qualification

  • Ensure business partners are aware of procurement standards and processes

  • Utilize and manage procurement processes (category strategy, RFP, SRM, compliance, etc.).

Job Requirements:

  • Minimum 5 years of procurement category management/ Purchasing management

  • Degree preferred or equivalent combination of education and work experience in competency such as: Contracts, Procurement, Business administration

  • MS office suite, specifically MS excel, word and Powerpoint

  • Experience in reviewing commercial legal contract

  • Ability to plan and prioritize work independently

  • Strong customer-facing and relationship building experience

  • Excellent interpersonal and communication (written, verbal) skills

  • Performance-driven balanced with proven success of working effectively in a cross-functional team in an international environment

  • Familiar with sourcing platforms like Ariba, Zyrus, Coupa

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