Vice President, Regional Category Procurement Lead

2 weeks ago

Singapore MUFG Bank, Ltd. Full time
Vice President, Regional Category Procurement Lead

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

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,
- market conditions and collect vendor intelligence; anticipate market trends and develop strategies.

  • Identify category sourcing opportunities and drive sales across subcategories 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 nonstrategic 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 customerfacing and relationship building experience
  • Excellent interpersonal and communication (written, verbal) skills
  • Performancedriven balanced with proven success of working effectively in a crossfunctional team in an international environment
  • Familiar with sourcing pla

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