Articles

Business Analyst-Supplier Risk

We are looking for an energetic, organized self-starter and enthusiastic professional who is eager to drive continuous improvement, and controls. This associate must be a team player with excellent communication skills and be able to serve as a liaison for Business Owners/Units, Suppliers, Finance, Sourcing, Legal, Shared Services, Accounting, Purchasing, and Risk Management departments to ensure accurate and timely reporting. Job duties are varied and complex and requires independent judgment. 

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Provides support to improve operational accuracy, efficiency, consistency, and compliance in support of the organization’s financial and tactical business objectives.

DUTIES:

• Performs supplier risk review and analysis of new and existing suppliers for new engagements initiated by the Business Owners via manual and automated processes.
• Executes the same risk review and analysis for supplier annual reviews.
• Coordinates communication and information requests between Business Owner, Supplier, Procurement/Sourcing Managers, Finance and internal SMEs-Subject Matter Experts to complete review and analysis.
• Creates mitigation follow-up reports for identified risks from the above reviews and tracks progress.
• Prepares weekly reports to enable clear communication and problem resolutions, such as:
  • Financial Approval Report for the Director of Sourcing
  • New Vendor Engagement Report for Business Owners and Executives
  • Status InfoSec/PSA Vendor Reviews for internal Vendor and Product security reviews
  • Quarterly KRI – Key Risk Indicator reports for the Board
• Generates daily updates to the reports, such as:
  • Master Vendor Spreadsheet which tracks all engagements for all vendors
  • Status Checklist which monitors the risk due diligence status for each vendor’s engagements
  • VRA’s on Hold which identifies all VRA’s (Vendor Risk Assessment forms) that are waiting financial approval
• Monitors and coordinates risk review documents from Business Owners, Suppliers and SME’s in order to complete the final risk supplier analysis and classify mitigation factors for identified risks.
• Coordinates with SLD – Second Line of Defense regarding supplier risk rating and identified mitigation issues, and coordinates with the Business Owner on the mitigation plan.
• Coordinates across sites and functional boundaries to identify and resolve risks/obstacles in a pro-active and expeditious manner to ensure alignment with Business Owner needs.
• Develops and continually improves relationships across the supply chain, working closely with internal and external stakeholders.

HARD SKILLS:

• Extensive experience performing Supplier Risk Management.
• 3+ years of Ariba Contracts, Risk modules, or related Ariba modules.
• Attention to detail, work independently, make decisions, and solve problems while working under pressure.
• Excellent organizational and analytical skills with great attention to detail.
• Advanced computer skills needed: MS Office Suite-Word, Excel, Outlook, including Visio, SharePoint; including: Pivot tables, V-Lookups, H-Lookups, Min/Max Evaluations, Equations, Macros and if-then statements.
• Ability to read, understand and apply information in supplier and company documents, including but not limited to contracts, master service agreements, general service agreements, scopes of work and non-disclosure agreements.
• Ability to quickly identify business problems/opportunities.
• Ability to define and interpret key performance indicators/metrics.
• Ability to analyze, interpret, document, prepare and present data-driven presentations.
• Ability to manage multiple projects at one time, prioritize, and organize effectively.
• Ability to show judgment and initiative and to accomplish job duties.
• Knowledge of general accounting and billing procedures.
• Demonstrate ability to apply critical thinking skills and a logic-based approach to problem solving.
• Excellent report development and written presentation skills

SOFT SKILLS:

• Ability to communicate orally and in writing in a clear and straightforward manner with all levels of management and company personnel.
• Exceptional customer service and interpersonal skills.
• Ability to think outside the box and be flexible with developing requirements.
• Excellent relationship building skills (internal customers as well as suppliers).
• Experience working with Multicultural, Legal, Government Relations and other related departments.
• Self-awareness.
• Follow-through skills to get information from internal and third parties for reporting.
• Ability to shift across multiple highly visible and critical corporate initiatives .

Education / Certifications:

Bachelor’s degree or 5+ years of related experience with proven results.

ISM or APICS/ACSM certifications

Send resume to: [email protected]