Avp - Procurement Lead

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 informatAbout 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 LeadCorporate Title Assistant Vice PresidentReporting to Vice President Vendor Management Office HeadLocation BangaloreJob Profile Purpose of RoleThe 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 ResponsibilitiesVendor 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