Sun Life | Supplier Risk

3 days ago

gurugram, India Sun Life Full time

Major accountabilities


Risk Procurement Strategy design, deployment, and refresh.

Design SLGSI Procurement Risk roadmap, defining strategic interventions, ready for implementation.

Engage and align Global business risk teams and stakeholders on the roadmap.

Foster vendor risk management awareness culture within the team and stakeholders


Risk Identification and mitigations.

Lead efforts to identify, assess and mitigate risks across procurement process and leveraging existing resources and collaborate with internal control teams to enhance existing control mechanisms.

Ensure vendor performance is timely reviewed and submitted by the function and highlight non-compliance.


Procurement cycle

Develop an efficient and accurate system for monitoring all PR/PO/Spend

Deliver a weekly / monthly / ad-hoc report to management for PR/PO/Spend related.

Manage end-to-end procurement processes for assigned categories.

Develop and implement cost-saving strategies and negotiate contracts and pricing with suppliers.

Analyze market trends and conduct supplier performance evaluations.

Collaborate with cross-functional teams to optimize procurement processes.

Ensure compliance with company policies and relevant regulations.


Process Improvement and documentation & Governance and Performance tracking and reporting.

Implement clear governance structures at all levels (global & local) while fostering active network engagement with internal stakeholders.

Set the right KPI and Governance tracking process via digitalization.

Elaborate risk mitigation plans and follow up with buyers/requestors for tracking Continuous Improvement and Reporting.

Addressing of Q&A of buyer / requestors on daily basis

Strong negotiation and communication skills

Proficiency in data analysis and visualization tools (Tableau, MS Excel)

Quality check of the report submitted by Duns & Bradstreet (D&B) for existing suppliers / any ad-hoc request.

Review contract, policies and risk associated in arm's length agreement.

Develop and implement policies and procedures to improve supplier risk management capabilities.

Performing root cause analyses on identified risk events and recommending improvements to prevent these risk events from re-occurring in future.

Review contract, policies and risk associated in arm's length agreement, Handle the supplier performance evaluation matrix /Dashboard.

Review vendor risk assessment rating for accuracy and completeness for all vendors.

Handle audits like Statutory Audit, IFC Audit, Internal Audit (new initiative of automating required regular supporting of data), Ad-hoc document request from GRC Team


Specialized knowledge

In depth understanding of Third part risk management

Experience of procuring contracts.

Experience in IT and Non-IT procurement

Experience of procurement installation and use of procurement systems.

Fair knowledge on segmentation about Vendor Segmentation and governance process

Strong working knowledge of procurement processes.

High level of program management skills Extensive expertise, having operated at a strategic level with a strong track record of success in delivering financial savings.

Excellent communication and influencing skills including negotiating and contracting.

Experience of developing and managing procurement staff.

Good level networking and liaison skills and the provide ability to meet deadlines and targets.

Good teamwork skills actively involve colleagues across the business, builds the benefits of collaborative working.

Self-developer – acts as a role model, invests time in their own development and encourages others.


Education and experience

  • 10+ years of post-qualification experience in Procurement domain managing Risk, Internal or External Audit in a financial institution or financial services firm.
  • A strong risk or assurance background, with prior exposure to the regulatory and compliance risk disciplines and tools i.e. D&B etc.
  • Deep knowledge for tools and technologies leveraged in the industry for Procurement processes.
  • Strong consulting, relationship management and facilitation skills including the ability to listen and question to understand the business problem, analyze, provide insight and advice.
  • Ability to analyze big data and trends.
  • Excellent written and verbal communication skills including persuasive, data-rich presentation skills. This is IC role.

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