Job Description

About MUFG Global Service (MGS)
MUFG Bank, Ltd. is Japans premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Banks parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.The Group aims to be the worlds most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFGs shares trade on the Tokyo, Nagoya, and New York stock exchanges.For more informat

About Us:
MUFG Bank, Ltd. is Japans premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Banks parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be the worlds most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFGs shares trade on the Tokyo, Nagoya, and New York stock exchanges.
MUFG Global Service Private Limited:
Established in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFGs global network across Americas, EMEA and Asia Pacific.
About the Role:
Position Title: Procurement Lead
Corporate Title: Assistant Vice President
Reporting to: Vice President, Vendor Management Office Head
Location: Bangalore
Job Profile :
Purpose of Role
The Procurement Leadwill oversee the procurement processes and accounts payable functions across MGS.This role involves strategic vendor selection, contract negotiation, andmaintaining accurate and timely payment processes.The role requires to support and assist Vice President, Vendor Management Office Head to ensure compliance with internal policies and external regulations, driving cost-saving initiatives and optimizing financial performance.
Job Responsibilities
Vendor Procurement:

• Support in establishment and development of procurement function in MGS and responsible for the entire procure to pay cycle with validation of business requirement.
• Develop and implement the overall vendor management procurement strategy, ensuring alignment with the organization's objectives.
• Vendor Selection and Evaluation - Assess and select vendors based on criteria like cost, quality, risk, and compliance, ensuring the right vendors are chosen for specific needs.

Contract Negotiation:

• Expertise in negotiating contracts, terms, and conditions with vendors.
• Negotiate favourable contract terms with vendors, including pricing, performance standards, and service levels.
• Relationship Management -Foster strong and collaborative relationships with vendors, building trust and ensuring mutual benefits.
• Problem-solving and analytical skills:The ability to identify problems, analyze data, and develop solutions.

Invoicing Governance:

• Checking invoices accuracy, validity & approvals are in place before payment.
• Implement and monitor internal controls to prevent fraud and ensure compliance with company policies and regulatory requirements.
• Manage vendor relationships and address any payment-related issues.

Team Leadership:

• Lead and manage the Procurement team under vendor management office, providing guidance, training, and support.
• Ensure the team is adequately trained and equipped to perform their roles effectively.
• Foster a positive and collaborative work environment.

Roles and Responsibilities:

• Bachelors degree in finance, Business Administration, Supply Chain Management, or a related field.
• Minimum of 10 years of experience inprocurement and invoicing governance, with at least 5 years in a leadership role.
• Knowledge of best practices in vendor sourcing, selection, and evaluation with experience working with captives.
• Excellent negotiation, communication, and interpersonal skills. Strong analytical and problem-solving abilities.
• Ability to build, lead and motivate team, driving performance and achieving results.
• Expert skills with Microsoft Suite (Word, Excel, PowerPoint, Project, SharePoint, and MS Teams) are required.
• Must be an initiative-taker, ability to work independently, and adapt in a dynamic environment

Job Requirements:

• An opportunity to define and coordinate the operations in one of the largest banking groups in the world.
• Truly global experience working with different nationalities and culture.
• Ability to gain vital experience in dealing with a wide range of stakeholders.
• An opportunity to work with a fast-growing MNC

The MUFG Group is committed to providing equal employment opportunities to all applicants and employees and does not discriminate on the basis of race, colour, national origin, physical appearance, religion, gender expression, gender identity, sex, age, ancestry, marital status, disability, medical condition, sexual orientation, genetic information, or any other protected status of an individual or that individual's associates or relatives, or any other classification protected by the applicable laws.