Procurement Senior Analyst, Supplier Risk Screening

5-6 years
a month ago 13 Applied
Job Description

WHAT YOU'LL DO


The Supplier Due Diligence and Risk Management Associate will primarily support the Global Procurement organization by delivering global supplier onboarding & maintenance, risk assessment and due diligence of the requested suppliers, as a part of Procurement Service Centre (PSC) based out in New Delhi. Reporting to the PSC Operations Manager, you will ensure systems and process are updated to accelerate value proposition for the company.

  • Deliver the screening process and act as the procurement point of contact for the same.

  • Support the supplier screening process providing time zone, language and local office coverage for all supplier and business issues.

  • Be the point of contact for and resolve all supplier screening enquiries, building and maintaining relationships whilst being sensitive to local requirements.

  • Complete the due diligence checks (Sanctions, PEP, Adverse Media News, Anti Bribery and Corruption checks (ABC), financial, reputational, legal, etc) by looking into various databases, search engines, risk tools and assess the risk and recommend mitigation plan.

  • Manage/collect/load all necessary documents for suppliers e.g. regulatory/compliance /tax/legal documentation in the system [including the necessary stakeholders follow ups to secure compliance].

  • Ensure a strong governance mechanism is in place for effective supplier on boarding including risk attributes gathering, due diligence checks and risk assessment.

  • Act as a control point to ensure good stewardship and compliance to the supplier screening process, being vigilant for and escalating potential fraud activity, or risk concerns.

  • Adhere to the SLA for various operations activities to be undertaken by supplier management (SM) service line.

  • Ensure accuracy and timeliness of completion for all supplier management support tickets/incidents and escalations routed to PSC.

  • Maintain vendor master data in our system to a high level of data integrity, and in our supplier portal also manage supplier distribution list and mass mailing.

  • Engage with the business stakeholders, suppliers and internal control groups (eg Risk, Legal, compliance) to ensure successful supplier risk assessment completion.

  • Support administrative efforts across procurement functions through data gathering and analysis, auditing metrics, and enhancing program deliverables.

  • Manage/Collect/Load all necessary documents for suppliers e.g. Regulatory/Compliance/Tax/Legal documentation in the system including following up to get the same.

The successful candidate will have procurement expertise in all procurement operational processes related to supplier due diligence and supplier risk management, relationship building, and sensitivity to local requirements. He or she must possess a very high level of self-motivation/drive, persistency, resourcefulness, and a willingness to facilitate change.

The Procurement Associate will primarily support the Procurement Service Center (PSC) covering all gamut of supplier risk activities including all types of supplier due diligence checks, follow up diligence, connecting with business for risk assessment and ensuring systems and processes are updated to accelerate value proposition for the company.


YOU'RE GOOD AT


  • Highly self-motivated with the ability to drive change in a global organization with minimum supervision.

  • Strong Stakeholder Management skills.

  • Service-oriented, anticipates the needs of others and work proactively to seek opportunities to support others

  • Convey a strong positive personal and professional image with excellent standards of professional behavior and ethics

  • Team player, highly motivated, energetic, resourceful and friendly

  • Timely, flexible and able to work under pressure

  • Demonstrates accountability and ownership, good judgement and reaches sound conclusions

  • Highly organized, detail-oriented and able to handle multiple projects

  • High level of initiative and resourcefulness

  • Comfort with ambiguity and iterative process


YOU BRING (EXPERIENCE & QUALIFICATIONS)


  • University degree or equivalent

  • 5-6+ years of experience preferably in a service center, doing due diligence, risk assessment, running procurement operations or procurement consulting

  • In-depth knowledge of end to end supplier risk management processes including Anti-bribery and corruption and due diligence checks

  • Understanding of due diligence tools like D&B, LexisNexis, Refinitiv etc.

  • Excellent interpersonal skills and oral and written communication skills with experience of managing multi geographies across time-zones

  • Proficiency in Microsoft suite (Word, Excel, and PowerPoint)

  • Global Experience within the professional services industry in procurement or related function

  • Excellent organizational skills, ability to set priorities, attention to details and tenacious with follow-ups


YOU'LL WORK WITH


BCG spends $1.3Bn on goods and services across the firm globally. Global Procurement is BCG's in-house central procurement function, which supports the organization and our offices with operational and strategic procurement. Global Procurement has generated material value from our suppliers, reduced risk and delivered cost savings to BCG over the past 5 years.

We continue our transformation to define and implement strategies, organization, systems and policies to create a sustainable operating model. BCG is a highly matrixed firm where purchasing decisions are often taken at the local level, therefore this transformation will be carried out with high levels of stakeholder engagement, alignment and collaboration. Our team is located in various regions (London, Boston, New Delhi and Munich) and we work very closely with each other. We learn from, and challenge each other daily.


JOB TYPE

Function

Skills

procurement operations
Anti-bribery and corruption
due diligence tools
procurement consulting
Refinitiv
Microsoft suite
D&B

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders&#8212&#x3B;empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.
Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

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