At a Glance
- Tasks: Lead cost optimisation and global offshoring initiatives in a dynamic financial environment.
- Company: Join MUFG, a top global financial group with 120,000 colleagues dedicated to making a difference.
- Benefits: Enjoy flexible working options and a culture that values diversity and inclusion.
- Why this job: Make a meaningful impact while collaborating with C-Suite leaders and driving innovation.
- Qualifications: Proven experience in managing cost optimisation projects and strong communication skills required.
- Other info: Open to flexible working requests; commitment to equality and diversity in the workplace.
The predicted salary is between 43200 - 72000 £ per year.
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.
Overview Of The Department/Section
The role of the IPR department is to ensure communication and liaison with Head Office (HO) in Tokyo, for both Bank and Securities, as well as accountability for EMEA Technology wide reporting, management of resourcing processes, management of asset processes and administration of wider planning processes including annual budget planning.
KEY RESPONSIBILITIES – Global Offshoring
- Responsible for leadership and management of the multi-year Global Offshoring plan.
- Responsible for managing and reporting the overall and annual cost save impact of the Global Offshoring plan for both Bank and Securities.
- Responsible for creation and coordination of regular reporting to Global IT and GEO, most importantly the quarterly GELM.
- Responsible owner of the monthly EMEA Technology Offshoring forum with the CIO and Senior Leadership Team, creating and coordinating relevant reporting and additional material for key topics.
- Regular cooperation with the Department Heads and respective business owners to identify future initiatives and support current initiatives.
- Responsible for monitoring transition status reports provided by GEO and taking the appropriate mitigating actions where required.
KEY RESPONSIBILITIES - Cost And Service Optimisation
- Responsible for the consolidated reporting, collation and tracking of all cost saving initiatives for the EMEA Technology expense budget plan as well as the capture of new ideas and initiatives.
- Responsible for ensuring that controls and a reporting framework are in place so that each department has clear visibility on their targets and budgets.
- Regular working with the Finance business partner to ensure costs are being managed effectively.
- Responsible for ensuring reporting for EMEA Technology including budgets, allocations and actuals.
- Consolidate and create reports for cost efficiency and cost optimisation plan, detailed quarterly updates plus interim as needed to senior audiences.
- Representation of the plan at senior forums and ownership for ensuring all related reporting is clear, accurate and timely.
- Responsible for ensuring all the relevant parties and meetings are setup at the required intervals, ensuring everyone in EMEA and Tokyo regions are informed.
KEY RESPONSIBILITIES - General
- Risk Management: Identify key risks, assessing and mitigating those risks in accordance with the appropriate risk management framework. Monitor and control operational incidents, identify root causes and implement the necessary controls and processes to prevent a recurrence.
- Culture & Leadership: Promote the MUFG values-led culture which is inclusive and diverse. Promote a dynamic, delivery driven culture that works alongside business units to provide responsive resolutions and value driven solutions. Find ways to strengthen working relationships with stakeholders, including business teams. Lead by example in building relationships across the bank and securities, establishing a stronger peer network and helping to strengthen collaboration. Build strong relationships with internal and external stakeholders to understand industry best practice, influence change and promote technical credibility.
Work Experience
- Essential: Proven track record of managing and delivering multi-year cost optimisation projects / programmes. Proven track record on delivering a standardised reporting service to C-Suite and MD level. Experience in managing teams located across the globe, including offshore relationships. Proven experience of managing complex plans, including comprehensive experience in risk and issue management as well as dependency management. Leadership and management within a global banking environment. Proven technology and planning experience and understanding.
- Preferred: Experienced in writing and implementing an IT operating model including financial management. Comprehensive understanding of EMEA IT policies, processes and standards.
Skills And Experience
- Essential: Excellent collaboration and communication skills with C-Suite, MD level and subsequent grades. Excellent ability to manage and track multi-year financial plans. Excellent ability to understand detailed, complex processes and communicate / visualise in a simple way to others. Ability to communicate complex technology concepts to non-technology stakeholders. Ability to understand technology services, systems and costs. An understanding of financial budgets, actuals, inter entity charging and global cross charging. An understanding of global offshoring and the vendor procurement process. Excellent analytical ability in order to identify further opportunities for process and cost optimisation. Excellent conflict identification and resolution skills.
We are open to considering flexible working requests in line with organisational requirements. MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.
TEC Cost Optimisation - AVP employer: Mitsubishi UFJ Financial Group
Contact Detail:
Mitsubishi UFJ Financial Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land TEC Cost Optimisation - AVP
✨Tip Number 1
Familiarise yourself with MUFG's values and culture. Understanding their commitment to diversity, collaboration, and innovation will help you align your approach during interviews and discussions, showcasing that you're a good fit for their team.
✨Tip Number 2
Network with current or former employees of MUFG, especially those in similar roles. They can provide valuable insights into the company’s expectations and culture, which can help you tailor your conversations and demonstrate your genuine interest in the position.
✨Tip Number 3
Prepare to discuss your experience with cost optimisation and global offshoring in detail. Be ready to share specific examples of how you've successfully managed similar projects, as this will highlight your relevant expertise and problem-solving skills.
✨Tip Number 4
Stay updated on industry trends related to financial services and technology. Being knowledgeable about current challenges and innovations in these areas will allow you to engage in meaningful discussions and demonstrate your proactive approach to the role.
We think you need these skills to ace TEC Cost Optimisation - AVP
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in cost optimisation and project management. Use specific examples that demonstrate your ability to manage multi-year projects and deliver results, especially in a global banking environment.
Craft a Compelling Cover Letter: In your cover letter, express your passion for financial services and your understanding of MUFG's values. Highlight your leadership skills and experience in managing complex plans, as well as your ability to communicate effectively with C-Suite stakeholders.
Showcase Relevant Skills: Emphasise your analytical abilities and experience with financial budgets and reporting frameworks. Mention any familiarity with global offshoring processes and vendor procurement, as these are key aspects of the role.
Proofread and Edit: Before submitting your application, carefully proofread your documents for any spelling or grammatical errors. Ensure that your writing is clear and concise, reflecting the communication skills required for the position.
How to prepare for a job interview at Mitsubishi UFJ Financial Group
✨Understand the Role Thoroughly
Before your interview, make sure you have a solid grasp of the TEC Cost Optimisation - AVP role. Familiarise yourself with the key responsibilities, especially around cost saving opportunities and global offshoring processes. This will help you articulate how your experience aligns with their needs.
✨Prepare for Financial Discussions
Given the financial nature of this role, be ready to discuss your experience with budgeting, financial reporting, and cost optimisation strategies. Prepare examples that showcase your ability to manage complex financial plans and communicate them effectively to senior stakeholders.
✨Showcase Your Leadership Skills
This position requires strong leadership capabilities. Be prepared to share specific instances where you've successfully led teams or projects, particularly in a global context. Highlight your experience in managing offshore relationships and how you've fostered collaboration across different departments.
✨Demonstrate Cultural Fit
MUFG values an inclusive and diverse culture. During your interview, express your understanding of these values and provide examples of how you've contributed to a positive workplace culture in your previous roles. This will show that you align with their mission and values.