AVP - Procurement Specialist

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 Specialist

Corporate Title : Assistant Vice President

Reporting to : Vice President / Director

Location : Bengaluru

Job Profile

Position details :

In this role you will be responsible for sourcing and purchasing processes including leading the rollout of procurement system to enhance efficiency and compliance across the organization As the Procurement lead, you will be responsible for the delivery of high-value sourcing strategies across MUFG Banks procurement portfolio. The Procurement lead will work closely with regional Procurement team to implement regional category and sourcing strategies in the local office.

Job Responsibilities :

• Lead the implementation and development of procurement system(Zycus) ensuring maximum efficiency and compliance. This includes maintaining system data, conducting user acceptance testing, and providing users training and support.
• Manage system integrations, user roles and access levels, ensuring smooth functionality
• Troubleshoot system issues and coordinate with IT for timely resolutions.
• Streamline workflows and automate processes to reduce manual efforts and improve compliance.
• Document and update Standard Operating procedures (SOPD) for Procurement
• Develop and track KPIs to monitor procurement efficiency.
• Maintain a contract database and overseas key supplier performance
• Serve as project lead for system implementation and upgrade ( Zycus)
• Act as the single point of contact in providing expert leadership to the sourcing function for Professional and Market data categories;
• Implement the best practices in the sourcing function and to incorporate them into the category strategy;
• 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.
• 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.
• Liaise with procurement peers to ensure a consistent approach to category strategies and management.

Job Requirements :

Equal Opportunity Employer :

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.