Senior Vendor Management Specialist

1 month ago


Bengaluru, Karnataka, India MUFG Full time
About the Role

The Invoice Management Specialist plays a crucial role in supporting the organization's strategic HR initiatives through effective vendor and invoice management. This dynamic professional will navigate vendor relationships, compliance, and risk monitoring, working closely with Head Office, regional Business Management teams, Finance teams, Centers of Expertise (CoEs), and country-specific HR teams.

Key Responsibilities
  1. Manage the approval process for payments, including procurement checklists and AML administration, to ensure compliance with local finance governance.
  2. Collaborate with the local Finance team on payment arrangements and address any internal and external inquiries regarding account booking and payment status.
  3. Conduct comprehensive research and analyses on operational effectiveness, vendor performance, and compliance, staying informed of market trends and regulatory requirements.
  4. Develop and implement strategies for managing vendor contracts effectively, including data preparation tasks for vendor assessments and the development of BI reports and dashboards tailored to strategic decisions and operational needs in vendor management.
  5. Participate in change management processes to adapt vendor management strategies to evolving business needs and strategic objectives.
Requirements
  • Relevant certifications
  • Proven experience in vendor management, particularly with a focus on Finance Industry
  • Demonstrated experience dealing with compliance issues related to vendor due diligence and vendor risk monitoring
  • Familiarity with bank requirements and policies
Personal Requirements
  • Results-driven with a strong sense of ownership and accountability
  • Analytical and strategic thinker with excellent problem-solving skills
  • Ability to work effectively in complex organizational structures and drive progress


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