Procurement Specialist - AVP [T500-24076]

About Us:

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.

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 MUFG’s global network across Americas, EMEA and Asia Pacific

About the Role:

Position Title: Procurement Specialist

Corporate Title: Assistant Vice President

Location: Bengaluru

About the Role:

We are seeking a dynamic and experienced Assistant Vice President (AVP) in Procurement to join our team in Singapore. The successful candidate will play a pivotal role in driving procurement strategies, optimizing supplier relationships, and ensuring cost effective purchasing across the organization. This role also has a strong hands-on component, supporting both strategic and tail spend procurement activities, while ensuring robust governance, documentation, and contract quality.

This is an exciting opportunity for a procurement professional to contribute to our continued growth, operational excellence, and risk aware procurement practices.

Key Responsibilities:

Strategic & Operational Procurement:

• Lead and manage the procurement team to deliver best in class sourcing and procurement solutions.
• Develop, implement, and monitor procurement strategies, policies, and procedures to ensure alignment with organizational objectives.
• Drive cost savings initiatives and value creation through effective negotiation and supplier management.
• Oversee end to end procurement processes, including sourcing, tendering, contract negotiation, execution, and supplier performance management.
• Analyze market trends and identify opportunities for continuous improvement and innovation in procurement practices.

PRF & Tail Spend Support:

• Provide active support for PRF (Purchase Request Form) and tail spend procurement, ensuring timely, compliant, and commercially sound outcomes.
• Apply pragmatic procurement controls to tail spend while maintaining governance, transparency, and audit readiness.
• Identify opportunities to streamline or rationalize recurring tail spend through frameworks, panels, or standard agreements.

Deal Governance & Procurement Charter:

For each engagement or deal supported, develop and formalize a Procurement Charter summarizing:

• scope of engagement
• commercial structure and pricing
• sourcing approach and rationale
• key risks, mitigations, and dependencies
• approvals and governance checkpoints
• Ensure Procurement Charters provide clear, concise documentation suitable for management review, audit, and risk oversight.

Contract Review & Drafting:

Demonstrate strong competency in contract review, negotiation, and drafting, including:

• Identification of commercial, legal, and operational risks
• Alignment with internal procurement and risk policies
• Coordination with Legal, Risk, and Compliance as required
• Ensure contracts are clear, enforceable, and appropriately structured to protect the organization’s interests.

Stakeholder & Governance Management:

• Build and maintain strong relationships with internal stakeholders and external suppliers.
• Act as a trusted advisor to the business on procurement strategy, deal structuring, and risk considerations.
• Ensure compliance with company policies, legal requirements, and relevant regulatory or industry standards.
• Prepare and present procurement reports, analyses, and recommendations to senior management.

People & Capability Development:

• Mentor and develop procurement staff, fostering a culture of high performance, accountability, and continuous improvement.
• Promote best practices in procurement governance, documentation, and commercial discipline.

Requirements:

• Bachelor’s degree in supply chain management, Business Administration, or a related field.
• Master’s degree or professional certification (e.g. CIPS, CPM) is an advantage.
• Minimum 8 years of relevant procurement experience

Proven experience in:

• strategic sourcing and tail spend management
• contract review, negotiation, and drafting
• procurement governance and documentation (e.g. deal summaries, charters, approvals)
• Strong analytical, problem solving, and decision-making skills.
• Excellent communication, interpersonal, and stakeholder management abilities.
• High level of integrity, professionalism, and attention to detail.
• Experience in the Singapore market and knowledge of regional procurement regulations is preferred.

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.