Finance Strategy, Governance and Procurement Lead

About the job

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: Finance Strategy, Governance and Procurement Lead Corporate Title: VP, Finance Reporting to: Head of Finance, MGS Location: MGS - Bengaluru Job Profile Position details: To develop, implement, and manage robust procurement governance frameworks, strategic sourcing initiatives via India based suppliers / vendors, and compliance processes within MGS finance ensuring alignment with global corporate objectives, driving cost efficiencies, and mitigating supply chain risks across all MGS Finance operations. Roles and Responsibilities: • We are seeking a dynamic and experienced Vice President to lead our Global Capability Center (GCC) operations within the banking domain. The ideal candidate will have a strong background in Record-to-Report (R2R) processes, proven expertise in transition management, and the ability to drive operational excellence across global finance functions. This role requires strategic leadership, stakeholder management, and a deep understanding of banking industry standards. • Transition Planning & Execution: Design detailed project plans and timelines for migrating finance workstreams, such as Accounts Payable, Regulatory Reporting, or Trade Finance. • Knowledge Transfer: Oversee the "Knowledge Capture" phase, ensuring captive teams are fully trained on local processes and standard operating procedures (SOPs). • Stakeholder Management: Act as the primary liaison between the onshore business units and the offshore delivery teams to ensure alignment on project scope and deliverables. • Risk & Governance: Identify potential operational risks during the migration and establish "Toll Gates" to sign off on readiness for each stage (e.g., Go-Live and Stabilization). • Process Improvement: Optimize financial tools and processes post-migration to drive automation and efficiency within the captive. • Provide insightful financial analysis, data-driven recommendations, and decision support to commercial and functional leaders. • Collaborate with senior leadership and the CFO to shape and drive the financial strategy, planning, and policy for the MGS and the enterprise. • Build and maintain strong, influential relationships with senior internal stakeholders across Risk and Information Technology at MGS and experiment the Art of the Possible • Liaise and work together with global and India GEO team to integrate finance sourcing and seek necessary approvals • Manage and coordinate internal and external audit readiness, ensuring all procurement documentation and records are accurate and complete. • Conduct in-depth market research and spend analysis to identify trends, cost drivers, and new opportunities for cost optimization and value creation. • From a local MGS standpoint, oversee the selection, onboarding, and performance monitoring of suppliers, ensuring they meet quality, compliance, and performance standards. • Drive and support continuous improvement initiatives in ongoing procurement processes, leveraging digital tools and e-sourcing platforms. Job Requirements: Skills and Experience: • Industry Expertise: A deep understanding of the banking landscape, including regulatory requirements (e.g., KYC, SOX 1 controls) and products like cash equities or derivatives. • Financial Acumen: Strong background in accounting principles, budgeting, and financial reporting systems like SAP or Microsoft Dynamics. Qualifications: • MBA (Finance) or CA with a banking captive preferred • 10 -15 years of experience is often required for senior roles within large banking captive setups. • Proven track record in managing large-scale migrations or "new market entry" projects for financial services.

Requirements

• Record-to-Report (R2R)
• Transition Management
• Stakeholder Management
• Process Improvement

Qualifications

• MBA (Finance)
• CA

Preferred Technologies

• Record-to-Report (R2R)
• Transition Management
• Stakeholder Management
• Process Improvement

About the company

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.