Director/VP – Head – Vendor Management Office

Job title: Director/VP – Head – Vendor Management Office

Company: MUFG


Job description: About MUFG Global Service (MGS)MUFG Bank, Ltd. is Japan’s 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 Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s 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 world’s 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. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.For more informatJob DescriptionAbout 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: Head – Vendor Management OfficeCorporate Title: Vice PresidentReporting to: DirectorLocation: BangaloreJob ProfilePosition details:Purpose of Role:The Vendor Management Office Head would be responsible for overseeing and improving the organization’s relationships with external vendors, ensuring quality, cost-effectiveness, and compliance.This role involves strategic vendor selection, contract negotiation, performance monitoring, risk management, and fostering strong vendor relationships.The head also leads the vendor management teams, develops, and implements vendor management policies & procedures, and provides strategic direction for vendor-related activities.Job Responsibilities:Strategic Vendor Procurement Management:

• Establish and develop 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.
• Accounts Payable Management – 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.

Contract Management:

• Performance Monitoring -Track vendor performance, identify areas for improvement, and implement corrective actions when necessary.
• 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.

Risk & Compliance Management:

• Identify, assess, and mitigate potential risks associated with vendor relationships, including supply chain risks and compliance issues.
• Risk management and compliance knowledge:Understanding of various risks associated with vendor relationships and ability to ensure compliance with relevant regulations and standards.
• Reporting and Analysis – Prepare reports and analyses on vendor performance, cost savings, and risk mitigation efforts.

Team Leadership and Stakeholder Communication:

• Lead and manage the teams 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.
• Communicate vendor management activities and performance to key stakeholders, including executives, procurement teams, and internal users.

Policy and Procedure Development, Implementation:

• Develop and implement vendor management policies, procedures, and guidelines.
• Identify and implement process improvements to optimize vendor management efficiency and effectiveness

Roles and Responsibilities:

• Bachelors degree in finance, Business Administration, Supply Chain Management, or a related field.
• Minimum of 15 years of experience in procurement and vendor management related roles, with at least 5 years in a leadership role.
• Knowledge of best practices in vendor selection, performance management, and risk mitigation.
• Excellent negotiation, communication, and interpersonal skills.
• Strong analytical and problem-solving abilities.
• Ability to build, lead and motivate teams, driving performance and achieving results.
• Experience working with captives, external vendors, and sourcing is required.
• Expert skills with Microsoft Suite (Word, Excel, PowerPoint, Project, SharePoint, and MS Teams) are required.
• Demonstrated skills in the areas of priority setting, problem solving, negotiation, and conflict management are required.
• Ability to effectively partner with key stakeholders and cross functional groups to mitigate risk, remediate issues and drive accountability.

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.

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.

Expected salary:

Location: Bangalore, Karnataka

Job date: Sun, 15 Jun 2025 07:34:53 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (jobsnear.pro) you saw this job posting.Thanks&Good Luck