Data & Financial Operations Governance Vice President

Data & Financial Operations Governance VP

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups. Across the globe, we're 150,000 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 Data & Financial Operations Governance VP will own the process for the Chief Data & Financial Operations (CDFO) management team in preparing, tracking, facilitating, and executing Sourcing Control Tower (SCT) governance activities with our business partners and lines of defense. In this role, you will drive the SCT process to ensure optimized sourcing of products and services through effective internal demand management, commercial due diligence, and implementation of sourcing best practices. As part of the SCT, requests for products or services are prioritized based on urgency, size, cost, complexity, cost benefit to the bank with the goal of ensuring products and services are procured using best practices. In this role, you will liaise with various line-of-business and risk function SMEs across the firm to achieve objectives set by SCT leadership. An ideal candidate will have 6+ years of Procurement experience with increasing responsibility in a governance function or management consulting, as well as working knowledge of risk management practices, including but not limited to control documentation and assessment, control testing, issue remediation, process improvement and policy and procedure development. This position will be principally engaged in the Governance of SCT and related activities. The candidate must have strong subject matter expertise in third-party Procurement and Governance in financial services or other heavily regulated industries is preferred.

Responsibilities

• SCT governance lead will be responsible for the management of the shared SCT file repository access and administration, as well as the preliminary review of the SCT file to be presented for decision by SCT leadership.
• In addition to managing the SCT governance activities, SCT governance lead will also be responsible for review, capture, and communication of Procurement and Third-Party Risk Management (TPRM) policy violations, related reporting, and tracking.
• Review related Subject Matter Expert (SME) and Line of Business (LOB) policies and procedures to ensure consistency with enterprise standards.
• Support ad-hoc Sourcing and Contracts governance projects.
• Monitor and report status on SCT and Policy Violation governance activities.
• Identify opportunities continuous process improvement of governance framework, processes, and controls and collaborate with others to drive change.
• Maintain procedures, standards, and process flows and identify and propose improvements when appropriate.
• Proactively identify gaps in current BAU activities and execute remediation plans with key stakeholders in the department.
• Collaborate with data governance SMEs and other stakeholders to promote data governance awareness and culture.
• Other responsibilities may include governance and supporting Corporate Insurance Program for MUFG Bank US.

Qualifications

The typical base pay range for this role is between $123K - $157K 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.