Procurement Senior Analyst, Supplier Risk Screening
Job Description
Job title: Procurement Senior Analyst, Supplier Risk Screening
Company: Boston Consulting Group
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.
WHO WE ARE
BCG pioneered strategy consulting more than 50 years ago, and we continue to innovate and redefine the industry. We offer multiple career paths for the world’s best talent to have a real impact on business and society. As part of our team, you will benefit from the breadth and diversity of what we are doing today and where we are headed next. We count on your authenticity, exceptional work, and strong integrity. In return we are committed to supporting you in discovering the most fulfilling career journey possible-and unlocking your potential to advance the world. BST is the operational heart of our business and is invaluable to our success. Roles such as finance, human resources, risk, and IT, help propel BCG forward. BST employees support the core of the organization and provide outstanding value to the business. As a BST member, you will work with inspiring, talented, dedicated, and curious colleagues in an energizing, fast-paced environment in which people are treated with respect and help one another to succeed. Working at BCG provides you with the opportunity to grow through interesting and challenging work and to have an active voice in your personal career development.
YOU’LL BE TRAVELLING
No
YOUR EMPLOYEE TYPE IS
Regular
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
EQUAL OPPORTUNITY
Boston Consulting Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, protected veteran status, or any other characteristic protected under federal, state or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws.
JOB FAMILY
Finance
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’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.
Expected salary:
Location: Boston, Lincolnshire – London
