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Strategic Sourcing Manager, Vice President

3 months ago

AB, Canada MUFG Bank, Ltd. Full time
Strategic Sourcing Manager, Vice President

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 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 Manager is responsible for several key areas focused on (1) the development and execution of comprehensive sourcing and category strategies and (2) the successful execution of those strategies to drive greater efficiency, value, and quality across the organization. In support of this work, this position is also responsible for building sustained value-based relationships with stakeholders and suppliers, providing subject matter expertise, strategic guidance, and leadership in contract negotiations to achieve defined business objectives. Develop, instill and demonstrate sustained performance with performance management/reporting, compliance, issue/escalation management, and continuous improvement routines are critical for success in this role. 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.

Major Responsibilities:

Strategic Sourcing Strategy Development & Execution:

  • Develop a comprehensive strategic sourcing strategy for various lines of business in alignment with defined business objectives and overall corporate 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 and customer satisfaction targets.
  • RFx/Contract management.
  • Lead and execute on commodity/category/supplier strategy to deliver maximum value.
  • Understand business partner’s objectives and business drivers and integrate into the commodity/category/supplier strategy with input from key stakeholders.

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.
  • Conduct regular business reviews with key suppliers 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 supplier 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 7 plus years of relevant experience.
  • MBA or advanced degree in related discipline preferred.
  • Strong leadership, management, planning, organizational, analytical, and continuous improvement skills.
  • Management and supervisory skills including team building, influencing, motivating, developing, and managing onsite and offsite staff.
  • Provide oversight, coaching and mentoring to other sourcing managers within the organization.
  • Interaction with Executive Committee members of the company.
  • Experience influencing cross-functional leaders in a large organization, some of whom may have different priorities and goals.
  • Proven ability to produce results that impact a broad portfolio of spend or change across the organization.
  • Ownership of delegated authority from sourcing leadership team for decision making and/or strategic planning.
  • Experience managing a budget, workload, headcount, and team.
  • Strong business acumen, ability to provide strategic vision, tactical planning, sound judgment, prudent recommendations, balance risks, solve complex issues, overcome obstacles and challenging circumstances, results oriented, negotiate win-win, and produce positive decisions and outcomes.

Qualifications:

  • Specialized knowledge and experience advising business line management as to how best to leverage supply chains to optimize cost and mitigate risk with overall continuous improvement.
  • Solid understanding of indirect sourcing and category management methodology and ability to drive value for customers.
  • Strong strategic supplier sourcing background with extensive experience in RFx/Reverse Auction development and execution.
  • Experience in leading cross-functional teams in the end-to-end execution of sourcing initiatives.
  • Excellent written, verbal and presentation skills.
  • Strong business negotiation skills.
  • Experience influencing others to embrace Sourcing and Category Management best practices.
  • Strong analytical and financial skills.
  • Proficiency in Microsoft Word, Power Point, Microsoft Project and Excel.
  • Experience in using E-Sourcing tools and sourcing events.
  • Independent, Self-Starter.
  • Business/Financial Acumen.
  • Strong teamwork and collaboration skills.
  • Skilled in change adoption, change management and resource assessment.

The typical base pay range for this role is between $115K - $145K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays.

MUFG Benefits Summary

We are proud to be an Equal Opportunity 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 on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.

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