Innovation Specialist, Director - Transaction Banking

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world with total assets of over $2.4 trillion (as ranked by SNL Financial, April 2016) and 140,000 colleagues in nearly 50 countries. In the U.S., we?re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that?s working to fulfill its vision to be the world?s most trusted financial group.
Job Summary:
Support the Transaction Banking Americas (TBA) LOB and Head of Innovation for TBA, in identifying, piloting and executing new and innovative solutions that enable the business to leverage new technologies and tools, so as to actively pivot towards becoming a nimbler, more cost-efficient & forward-leaning organization in order to transform the client experience & business.
Evaluate/validate new FinTech solutions, to solve customer pain points and/or enable the Bank to gain a significant competitive advantage, by executing a POC (Proof of Concept), pilot or rollout of the solution.
Plan, develop and execute pioneering solutions that will result in improving the Bank?s position in quantitative market surveys for financial services participants.
Major Responsibilities:
Support the TBA line of business and Head of Innovation TBA in identifying and reviewing potential FinTech solutions.
Leverage business knowledge and understanding of emerging Fintech solutions/technologies to solve customer pain points and/or enable the Bank to gain a significant competitive advantage.
Define and execute POC?s, pilots and rollouts, incorporating emerging FinTech solutions as required, including writing business requirements, soliciting stakeholder input and approval, and shepherding the execution through the Bank?s EPLC (Enterprise Project Life Cycle) approval process
Define technology-enabled opportunities by soliciting ideas and pain points; and identifying creative solutions.
Manage vendor evaluations and selection and complete vendor onboarding steps, as needed, to engage selected vendors
Display creative and out-of-the-box thinking which maximizes resources for the Bank and its stakeholders.
Maintain relationships with ISA partners to support project success.
Actively ensure compliance with the Bank's Business Standards of Conduct, Policies and Procedures
Support the FinTech transformation by exploring the use of innovative and cost-effective solutions that can be scaled up to accommodate growing demands, enabling Transaction Banking to build and adapt its processes more effectively and efficiently
Partner with FinTech companies on projects selected by the Head of Innovation for TBA
Exercise decision-making and independent judgment while being aligned with customers and Transaction Banking goals.
Display a high-performance approach to evaluate and pilot change.
Bachelor?s Degree or equivalent plus 5 years of comparable level and relevant experience.
MBA preferred to create effective business cases and understand the financial implication of solutions.
Thorough knowledge of Treasury Management product lines, operations, and services; good knowledge of banking
A deep understanding of the business applicability of emerging and new FinTech solutions and technologies.
Business experience in applying FinTech solutions and technologies to solve customer pain points and/or enable the Bank to gain a significant competitive advantage
Experience defining and writing business requirements and leading technology projects
Project management and professional interpersonal skills are essential
Must have organizational context and a rich network across the company and the industry.
A proven track record of implementing successful solutions.
A proven team player with the skill to implement change.
Mindset to successfully address the barriers to innovation posed by regulations and internal challenges
Capable of managing multiple complex problems and business line initiatives.
Outstanding communications skills: ability to make presentations to all levels of bank management
Excellent verbal and written skills required
Extremely effective at collaboration and leveraging resources
The ability to engage internal/external partners and leverage their knowledge and skills
Models company core values
/The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified./
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/We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category./ //
/A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it?s the bank?s policy to only inquire into a candidate?s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses./
Job: Transaction Banking
Title: Innovation Specialist, Director - Transaction Banking
Location: CALIFORNIA-Monterey Park
Requisition ID: 10016120-WD
Other Locations: CALIFORNIA-Los Angeles, CALIFORNIA-San Francisco

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