Procurement Governance Expert
6 days ago
We are seeking a results-driven Procurement Risk, Compliance, and Contract Management professional to join our Corporate Procurement team at JG Summit Holdings Inc.
This role will be responsible for creating, implementing, and overseeing risk management strategies and compliance programs to ensure the organization meets all regulatory requirements. The ideal candidate will manage the contract life cycle, from negotiations through execution, ensuring alignment with organizational goals and compliance standards.
Main Objectives:
- Risk Analysis: Identify, assess, and prioritize procurement risks to the organization's assets, reputation, and stakeholder value.
- Risk Management Frameworks: Develop and implement procurement risk management frameworks and strategies in line with industry best practices.
- Risk Exposure Tracking: Monitor and report on procurement risk exposure, providing timely updates and recommendations.
- Cross-Functional Partnerships: Collaborate with various departments to ensure risk management practices are embedded in all business processes.
Compliance and Regulatory Compliance:
- Policies and Procedures: Identify procurement compliance policies, procedures, and programs to adhere to relevant laws, regulations, and internal policies.
- Compliance Audits and Reviews: Conduct regular procurement compliance assessments, audits, and risk assessments to identify gaps and recommend corrective actions.
- Industry Knowledge: Stay current with industry regulations and emerging compliance trends; provide guidance on compliance matters across the organization.
- Regulatory Contact: Serve as the primary contact for regulatory agencies and facilitate any audits or inspections.
Contract Management and Execution:
- Contract Process: Oversee the procurement contract management process, including negotiation, drafting, review, and execution of contracts.
- Contract Compliance: Ensure that procurement contracts comply with organizational policies and applicable laws, minimizing legal risks.
- Category Support Functions: Provide guidance and support to Category Management Department in contract-related matters to optimize business opportunities and minimize risks.
- Document Management: Maintain an organized repository for all procurement contracts and related documents to facilitate easy access and retrieval.
Reporting and Stakeholder Engagement:
- Process Document: Develop and maintain comprehensive documentation of procurement risk management and compliance processes.
- Stakeholder Update: Prepare and present reports to management and stakeholders on procurement risk assessments, compliance status, and contract management activities.
Key Requirements:
- 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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