Posted 1 month ago
Procurement Compliance Officer- Only Person with Disability
HyderabadOn-siteFull-time
AI Summary
Procurement Compliance Officer ensures compliance programs and internal controls in procurement, conducts risk assessments, designs controls, runs audits, and drives supplier accountability.
About this role
Procurement Compliance Officer- Only Person with Disability
Saira's client
Open Requirements for Person with Disability
Role: Procurement Compliance Officer
Compliance Expertise
- Drive compliance programs and internal controls activities based on a framework of detection, real-time monitoring, preventative controls, education and awareness, and supplier management standards related to compliance.
- Develop, implement and enforce procedures and policies to ensure the organization's compliance with industry and government regulations.
- Consistent risk assessments to recognize areas where the company might be vulnerable to non-compliance.
- Design effective internal controls. Analyze and identify areas for non-compliance and implement actions to mitigate the identified risks.
- Resolve areas of vulnerability in procurement and related payable processes, recommending preventative actions and controls.
- Experience in fraud prevention.
- Perform control self-assessment.
- Apply deep understanding of relevant policies, regulations, and/or SOX to maintain business operation compliance.
- Implement and handle risk detection tools and dashboards to identify high-risk transactions and facilitate reviews of available data.
- Support internal and external procurement audits and reporting.
Reporting, Auditing, and Program Administration
- Perform assurance activities, including regular audits of procurement activities and resulting data.
- Conduct compliance risk assessments, report nonconformities, and handle mitigations and/or corrective action planning.
- Apply strong attention to detail to reporting, auditing, and investigations.
- Drive accountability and resolution of issues raised through the process.
- Establish and update policies and procedures concerning compliance when needed.
- Deliver training for procurement team members, suppliers, and key collaborators on policies, responsibilities, and expectations.
- Perform Third-Party Due Diligence review, including sanction screening and reputational due diligence efforts.
- Lead cross-functional initiatives and encourage a culture of continuous improvement.
Business Partnering
- Provide timely updates on supplier risk evaluations to collaborators involved in the decision-making process.
- Work alongside corporate functions to develop and implement supplier compliance assessments for different business areas and locations, crafting controls that align with the assessments.
- Drive supplier accountability through both partnership and enforcement of corrective actions.
- Collaborate with suppliers, customers, regulatory agencies, and business partners to ensure compliance.
- Articulate expectations and actions needed to maintain compliance with relevant regulations.
- Be the trusted compliance partner for key collaborators.
Qualifications
Any graduate & post graduate
Additional Information
All your information will be kept confidential according to EEO guidelines.
Skills
Audit And ReportingInternal ControlsProcurement ComplianceRisk AssessmentRisk Detection Tools And DashboardsSanction ScreeningSOXThird-party Due Diligence
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