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Digital Innovation Manager, Vice President
Mitsubishi UFJ Financial Group
New York, NY, United States
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Description
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:
The Digital Innovation Manager will be responsible for researching financial technology (Fintech) companies to determine which technology may be applicable to the MUFG Bank’s, MUFG Union Bank’s, and MUFG affiliates’ current, or new business. This will include effectively partnering with Fintech companies to utilize their technologies in MUFG and jointly conduct business with them. He/she will create strategies to implement new product development methodologies that can decrease time-to-market and bring more innovative products to MUFG Bank, MUFG Union Bank, and MUFG affiliates.
The Digital Innovation Manager will do this by establishing relationships with Global IT services firms, by expanding MUFG’s network of technology partners to the U.S., by gathering information from research firms and by attending industry and technology conferences.
The Digital Innovation Manager will also be responsible for identifying opportunities for affiliates of MUFG including both MUFG Bank and MUFG Union Bank to share technology partners and platforms.
Major Responsibilities:
• Manage the strategic goals of digital innovation initiatives for MUFG, which include interactive support to and collaboration with the Digital Transformation Division of MUFG Bank in Tokyo, to decrease time-to-market for technology-based banking products.
• Develop partnerships with Fintech companies by executing a partnership agreement and, if necessary, encouraging them to utilize their technology and jointly run business with them primarily in the Japanese market as well as markets where MUFG has a footprint. Coordinate and support negotiations between a Fintech company and MUFG Bank.
• Identify strategic areas for proof of concept projects and development of new products with Fintech companies.
• Monitor areas of innovation in the banking industry, contacting people in an innovation organization at major banks in the U.S., and learn about innovation practices used by fast paced California companies, then share research outcomes with MUFG.
• Advise senior management of potential delivery capabilities through the preparation of strategy presentations.
• Maintain an awareness of major industry trends and evaluate enhancement opportunities by monitoring customer needs.
• Establish strategy to keep and expand pipeline of deals and information by building relationships with venture capitalists and accelerators and, if necessary, investing them with MUFG Bank as a limited partner.
• Establish contact with U.S.-based research firms.
• Determine opportunities for MUFG Bank, MUFG Union Bank, and MUFG affiliates to share technology partners.
• Ensure compliance with MUFG Union Bank's Business Standards of Conduct and all Patriot Act, CIP, Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, and other regulatory and compliance policies and procedures.
• Actively participate in any required corporate and business line Compliance Training.
Qualifications
• Typically requires B.A. or B.S. or equivalent experience; MBA or a master degree related to this position preferred.
• Minimum 7+ years of Business Development, Product Management, or Product Development experience in cross cultural environments.
• Knowledge/experience in customer-facing, web-based and/or systems preferred, with specific concentration in the electronic payment, or online/mobile banking space.
• Strong interpersonal, oral and written communication skills combined with matrix management skills.
• Strong strategic and project planning skills with the ability and proven track record for executing/driving results.
• Financial Services knowledge/experience preferred.
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.
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.