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Manager for Procurement Risk, Compliance

4 weeks ago


Manila, National Capital Region, Philippines JG Summit and Affiliates Shared Services (Aspen Business Solutions, Inc.) Full time

Key Responsibilities:

  • Risk Management:
    • Identify, assess, and prioritize procurement risks to the organization's assets, reputation, and stakeholder value.
    • Develop and implement procurement risk management frameworks and strategies in line with industry best practices.
    • Monitor and report on procurement risk exposure, providing timely updates and recommendations.
    • Collaborate with various departments to ensure risk management practices are embedded in all business processes.
  • Compliance Management:
    • Identify procurement compliance policies, procedures, and programs to adhere to relevant laws, regulations, and internal policies.
    • Conduct regular procurement compliance assessments, audits, and risk assessments to identify gaps and recommend corrective actions.
    • Stay current with industry regulations and emerging compliance trends; provide guidance on compliance matters across the organization.
    • Serve as the primary contact for regulatory agencies and facilitate any audits or inspections.
  • Contract Management:
    • Oversee the procurement contract management process, including negotiation, drafting, review, and execution of contracts.
    • Ensure that procurement contracts comply with organizational policies and applicable laws, minimizing legal risks.
    • Provide guidance and support to Category Management Department in contract-related matters to optimize business opportunities and minimize risks.
    • Maintain an organized repository for all procurement contracts and related documents to facilitate easy access and retrieval.
  • Reporting and Documentation:
    • Develop and maintain comprehensive documentation of procurement risk management and compliance processes.
    • Prepare and present reports to management and stakeholders on procurement risk assessments, compliance status, and contract management activities.
  • Other Tasks:
    • Foster a culture of procurement compliance and risk awareness across the organization through training and communication programs.
    • Performs other related functions that may be assigned by the immediate supervisor, Procurement Governance Head and/or Director, Corporate Procurement.

Desired Competencies:

  1. Critical Thinking
  2. Stakeholder Management
  3. Project Management
  4. Leadership, Teamwork and Guidance
  5. Innovation and Risk-Taking
  6. Strategy &Execution

Professional Qualifications:

  • Bachelor's degree in Business Administration, Finance, Legal Management, or a related field; a Master's degree or relevant professional certification is an advantage.
  • Minimum of 3-5 years of experience in risk management, compliance, and contract management.
  • Strong understanding of industry regulations, risk assessment methodologies, and contract law.
  • Proven ability to analyze complex issues, develop solutions, and drive project execution.
  • Exceptional communication, negotiation, and interpersonal skills.
  • Proficient in Microsoft Office Suite and experience with risk management and compliance software tools.
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