Strategic Sourcing Director

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

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 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.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Job Summary

The Strategic Sourcing Director is responsible for leading highly visible and complex negotiations to completion. Building and maintaining relationships at all levels of the org, including the executive committee.

Areas of cross functional partnerships and procurement execution involve HR, Legal, Market Data, Global Financial Crimes, Risk, Front Office, Professional Services. Key responsibilities include (1) Partnering with business stakeholders, early involvement with front end intake, kickoff meetings to establish owners for risk management and sourcing, expense and cost center linkages and key business requirements. These “Service Requests” will become Sourcing Projects based on risk level and spend threshold (2) The Sourcing Director will align the Service Requests to the sourcing team based on certain criteria (tactical vs. strategic). (3) The Director will advise, coach, support, and also lead the successful execution of sourcing projects, ultimately with a focus to devise and execute strategies including but not limited to; Core Term Remediation, RFI/RFP, auction, benchmarks, and other business related and negotiation methods that result in best protection for Risk, Financial, and Service Performance measures.

Responsibilities

Director Strategy Development & Execution:

• Expert and co-developer of a comprehensive strategic sourcing strategy for various contracts/vendors in alignment with defined business objectives

• Lead the end-to-end sourcing process and facilitate analysis and collaboration of a cross-functional team, leveraging market/industry insights to make strategic recommendations

• Develop negotiation strategy and lead negotiations to maximize total value and minimize risk

• Achieve cost savings, avoidance, working capital improvements as a result of negotiations

• RFx/Contract management utilizing Ariba

• Lead and execute on strategy to deliver maximum value (Annual Objectives & Key Results)

• Understand business partner’s objectives and business drivers and integrate into the Sourcing Strategy with input from key stakeholders

• Help drive and influence business alignment and behaviors that are consistent with procurement policy and procedures

Stakeholder / Vendor 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

• Conduct regular business reviews with key vendors to ensure compliance with contract deliverables

Market Research & Analysis:

• Provide full and accurate category “market intelligence” by leading and performing in-depth analysis, understanding market drivers, and cost structures across the category level

• Maintain industry and market awareness trends through research and networking

• Create commodity or vendor specific sourcing strategies to optimize the supply base, diversity spending and total cost of ownership

Qualifications:

• Bachelor’s Degree and typically 15 plus years of relevant experience

• HR, Legal, Marketing, Market Data, Financial Crimes Risk Mitigation, Staff Augmentation, Talent Acquisition, Professional Services, and other Bank Shared Services

• MBA or advanced degree in related discipline preferred

• Ability to ‘