MUFG India
MUFG India | Vice President- Finance Process Excellence
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Job Highlights
Responsibilities
- We are seeking a motivated individual to join the financial accounting & reporting team to support and contribute to the management, reporting and driving process excellence agenda for the MUFG’s bank and Securities Americas Finance.
- The candidate needs to develop, implement, and manage robust compliance processes and look for efficiency opportunities within MGS bank and Securities finance ensuring alignment with global corporate objectives, driving cost efficiencies, and mitigating risks across all MGS Finance operations.
- The ideal candidate will have a strong background in financial reporting, process excellence and governance frameworks.
- Provide expert advice for process excellence against all Americas finance streams (FP&A, Financial Accounting and reporting, Account Payable, Regulatory Reporting, SOX, Tax Product Control, Budgeting).
- Lead the identification and execution of synergies between Bank and Securities Finance teams, including operating model design, functional alignment, and team integration.
- Act as a strategic partner to senior Finance leadership across Bank and Securities, influencing decision-making and driving alignment on the target operating model.
- Lead process excellence and continuous improvement initiatives across Americas Finance functions.
- Evaluate, redesign, and optimize end-to-end finance processes to improve efficiency, quality, control, scalability, and stakeholder experience.
- Partner with finance leadership to establish process roadmaps aligned with organizational and Finance Centre of Excellence objectives.
- Identify Finance process gaps, bottlenecks and operational inefficiencies; develop and implement sustainable improvement solutions.
- Drive standardization and harmonization of finance processes across Bank and securities processes.
- Support finance migration and transformation programs through process assessment, operating model design, knowledge transfer, and stabilization activities.
- Develop and implement a continuous improvement framework using Lean, Six Sigma, and best-practice methodologies.
- Drive process simplification initiatives to eliminate non-value-added activities and reduce process complexity.
- Identify opportunities to consolidate similar activities and align processes across teams to generate cost efficiencies and optimize resource utilization.
- Monitor key performance indicators (KPIs) and service-level agreements (SLAs) to ensure continuous process optimization and operational excellence.
- Process Improvement and creating efficiency: Optimize financial tools and processes post-migration to drive automation and efficiency within the captive.
- Analyze process performance metrics and operational data to identify improvement opportunities and track benefits realization.
- Benchmark finance processes against industry best practices and recommend innovative solutions to enhance performance.
- Measure and track realized benefits from process improvement initiatives, including cost savings, productivity gains, quality improvements, and risk reduction.
- Drive the efficiency agenda for bank and securities businesses by reducing the overlapping processes.
Requirements
- Proven experience in leading large-scale integration, restructuring, or operating model transformation within financial services.
- Industry Expertise: A deep understanding of the banking landscape, including regulatory requirements and products like Loans, guarantees, Trade Finance, cash equities or derivatives.
- Project Management and driving efficiency: Proficiency in transition methodologies and managing cross-functional teams across different time zones.
- Financial Acumen: Strong background in accounting principles, budgeting, and financial reporting systems like SAP or Microsoft Dynamics.
- Good working knowledge of Microsoft Office (Proficient with Excel/VBA, Word and Access).
- The ability to operate with urgency and prioritize work accordingly.
- Strong decision-making skills, the ability to demonstrate sound judgement.
- Excellent attention to detail and accuracy.
- A calm approach, with the ability to perform well in a pressurized environment.
- Experience of 12-15 years working in financial closing and reporting teams in Bank/ Bank captive or a big 4 accounting firm practice, preferably with a controls and governance focus.
About the company
MUFG (Mitsubishi UFJ Financial Group)
Headquartered in Marunouchi, Tokyo, Mitsubishi UFJ Financial Group (MUFG) is the holding company of a Japanese banking and financial services group. It was established in 2001 and is listed in Tokyo, Nagoya and New York. Its main subsidiaries include MUFG Bank, Mitsubishi UFJ Trust and Banking and Mitsubishi UFJ Securities Holdings, along with Bank of Ayudhya (Krungsri) and Bank Danamon. MUFG opened its first Indian branch in Mumbai in 1953. MUFG Bank now has branches in Mumbai, New Delhi, Chennai, Bengaluru and Neemrana, plus a GIFT City branch opened in 2022, and since 2020 a wholly owned subsidiary, MUFG Global Service, has handled technology, operations, credit and KYC work from Bengaluru and Mumbai.
MUFG's finance-related roles in India cover internal audit (financial crime, finance and treasury reporting, risk, legal and IT), FP&A and finance process work, project, fund and leveraged finance, credit analysis, market, liquidity and counterparty credit risk modelling, KYC and compliance testing. They are based in Bengaluru, Chennai, Mumbai, New Delhi and GIFT City in Gandhinagar. Postings generally ask for a bachelor's degree in accounting, finance or business, and many name a Chartered Accountant, an MBA in Finance or a CFA as preferred; some audit roles also mention CIA or CAMS.
