Procurement Analyst

Company: The Custom Group of Companies
Location: New York
Posted on: March 19, 2023

Job Description:

Overview of Role
The Third-Party Relationship (TPR) Analyst will be part of the global Procurement and TPR team, with a specialist focus on due diligence. The team is responsible for the sourcing and onboarding of third- parties across the Group. The TPR Analyst will work closely with business sponsors, Procurement and external third-party contacts to ensure that each third-party completes the requisite onboarding and ongoing due diligence.

In this role, you will demonstrate an understanding of Third-Party Relationship Management, and the risks that third-parties could pose to the Group. You will be familiar with key details of the TPRM lifecycle. You will also have a basic understanding of TPRM tools, protocols and best practices.

Responsibilities

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• Communicate due diligence requirements to the business sponsor and relevant third-parties
  
  
  
  
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  • Answer general queries around how the due diligence and general procurement process operates
    
  • Conduct the full due diligence process for all relevant third-parties:
    
    
  • Perform the requisite screening checks utilizing a variety of available systems
    
  • Submit risk surveys to applicable third-parties for their completion
    
  • Assess results of all checks and survey responses
    
  • Escalate key findings to the relevant internal teams for any further investigation and final approval
    
    
    
  • Identify any risks or non-compliance that could potentially impact the firm
    
  • Liaise with various internal business lines, e.g., business sponsors and/or leads, subject matter experts, Legal, Compliance and Finance
    
  • Be comfortable reviewing and challenging justifications / artifacts of the business owner and vendors
    
  • Monitor and initiate periodic reviews of third-party due diligence
    
  • Maintain updates to key regulatory documentation
    
  • Assist Procurement managers with the onboarding and offboarding of third-parties where requested
    
    
    Experience, Skills and Competencies Preferred
    
    
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    • 2 years of relevant vendor management experience preferred
      
    • Strong focus on excellent client service with the ability to work calmly under pressure
      
    • Proactive attitude and willingness to accept ownership of key aspects of the onboarding and ongoing monitoring processes
      
    • A team player who can seamlessly work cross-border with Procurement managers across the U.S., the U.K., France and Switzerland
      
    • The ability to act with good judgement and common sense while taking direction well
      
    • Organized and autonomous, able to manage multiple projects at the same time
      
    • Analytically minded, able to visualize, conceptualize and solve problems
      
    • Excellent skills in internal and external relationship management:
      
      
    • Supplier management skills including ability to develop and manage business driven supplier executive relationships
      
    • Ability to develop relationships with senior leaders
      
    • Confidence to influence business stakeholders to adopt improved sourcing methods and process compliance
      
      
      
      
      Education and Qualifications
      
      
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      • Bachelor's degree preferred
        

Keywords: The Custom Group of Companies, New York , Procurement Analyst, Professions , New York, New York