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Strategic Sourcing AVP

Company: MUFG
Location: Tempe
Posted on: June 8, 2021

Job Description:

Strategic Sourcing AVP

  • Requisition # 10043376-WD
  • Job Type Day
  • Location Tempe, ARIZONA
  • Date Posted 05/12/2021

Your potential. Your opportunity.

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2020). In the Americas, we're 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We're a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.

Job Summary:

The Bank Operations and Shared Services Strategic Sourcing Specialist is responsible for the successful execution of sourcing and/or commodity strategies to drive greater efficiency, value, and quality across the organization. In support of this work, this position will be responsible for building sustained value-based relationships with stakeholders and vendors, negotiating commercial contract terms and conditions (including pricing), gathering market data (including benchmarking), reporting/analytics to support the strategic sourcing managers, assisting with execution and reporting for top 35 vendor management program. The primary objective of this position is to efficiently save the Bank money while maintaining an acceptable level of risk and sustaining value-based interdepartmental relationships. Core areas of focus are within HR, Legal, Marketing, Market Data, Corporate Real-Estate and other Bank Operations and Shared Services.

Management or Supervision:

  • No

Major Responsibilities:

AVP Procurement Execution:

  • Participate in the end-to-end sourcing process and help facilitate analysis and collaboration of a cross-functional team, leveraging market/industry insights to assist in making strategic recommendations
  • Execute on negotiation strategies & assist in negotiations for complex contracts and vendor relationships
  • Develop negotiation strategies & lead negotiations for moderate complexity contracts
  • Achieve cost savings targets
  • RFx management
  • Contract/Vendor management
  • Execute on commodity/vendor strategy to deliver maximum value

Stakeholder / Supplier Relationship Management & Integration:

  • Build and maintain value-measured relationships with key stakeholders to drive sustained results while ensuring strategies remain in alignment with business goals
  • Understand business partner's objectives and business drivers and integrate into the commodity/vendor strategy with input from key stakeholders
  • Conduct regular business reviews with key vendors to ensure compliance with contract deliverables

Market Research & Analysis

  • Participate in gathering "market intelligence" by performing in-depth analysis, understanding market drivers, and cost structures across the commodity or vendor
  • Maintain industry and market awareness trends through research and networking
  • Assist in creating vendor specific sourcing strategies to optimize the supply base, diversity spending and total cost of ownership

Education, Licensure, Year of Experience (and type of work experience):

  • Bachelor's Degree and typically 5-7 years sourcing/procurement experience

Knowledge, Skills, Abilities:

  • Experience with Information Technology (IT) sourcing, contracts and/or vendors preferred
  • Understanding of indirect sourcing and contracts
  • Experience working with and negotiating with vendors
  • Experience in negotiating commercial contract terms and conditions
  • Experience in managing competitive and single source RFX
  • Experience in reporting, analytics and/or aggregation of reporting in supply chain
  • Strong analytical and financial skills
  • Proficiency in Microsoft Word, Power Point, Project and Excel
  • Experience in SAP Ariba (or other similar procurement system) and Tableau
  • Business/Financial Acumen
  • Excellent written, verbal and presentation skills
  • Strong teamwork and collaboration skills
  • Skilled in change adoption and change management
  • Ability to work with and learn from strategic sourcing managers and strategic sourcing leadership for further coaching and development of procurement/sourcing skills

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

Keywords: MUFG, Tempe , Strategic Sourcing AVP, Other , Tempe, Arizona

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