Manager - Procurement Risk

JobPurpose

To support the Head of Strategic Procurement and Governance in identifying, assessing, and mitigating risks related to supply chain, procurement and supplier management activities.

Roles, Responsibilities, Duties

Risk Assessment and Mitigation

• Assist, using risk register, in identifying and assessing risks associated with procurement activities andsupply chain, including financial, operational, reputational and strategic risks.
• Support in developing risk mitigation strategies and contingency plans.
• Conduct risk assessments for suppliers and monitor risk exposure.
• Develop risk management strategies and risk register to ensure operational stability and business continuity for Group and subsidiaries upcoming portfolio.

Supplier Risk Management

• Monitor supplier performance and identifying potential risks.
• Support in developing and implementing strategies to mitigate supplier-related risks.
• Conduct regular supplier risk assessments and update risk profiles as necessary.

Contract Risk Management

• Assist in reviewing and analyzing contracts to identify potential risks and liabilities.
• Support in negotiating contract terms and conditions to mitigate risks.
• Monitor contract performance and ensure contractual obligations are met.

Reporting and Communication

• Prepare reports and presentations on procurement risk management activities.
• Communicate risk assessment findings and recommendations to stakeholders.
• Support in providing risk-related information for decision-making processes.

Continuous Improvement

• Identify opportunities to improve risk management processes within procurement.
• Support in implementing best practices and standards in risk management.
• Assist in developing training programs on risk management for procurement staff.

Stakeholder Engagement

• Collaborate with internal stakeholders (legal, finance, operations) on risk-related matters.
• Facilitate discussions and meetings to address risk-related issues and concerns.
• Support in promoting risk management awareness and understanding across Modon Holding.
• Work closely with the sourcing team and others in subsidiaries to integrate risk management strategies into all procurement activities.
• Collaborate with other group procurement functions to ensure cohesive risk management approach.

Qualification:

• Bachelor’s degree in business administration, supply chain management, or a related field is essential.
• A degree or professional certification in risk management is highly desirable.
• A master’s degree is preferred.

Experience and Competencies:

• At least 7-10 years of experience in risk management, procurement, supply chain management, or a related field.

Strategic Thinking:

• Ability to align risk management strategies with organizational goals and objectives.
• Capacity to anticipate future risks and proactively develop mitigation plans.

Adaptability:

• Flexibility to adjust risk management approaches in response to changing business needs.
• Ability to thrive in a dynamic and fast-paced environment.

Decision Making:

• Capacity to make sound decisions based on thorough analysis and risk assessments.
• Ability to prioritize tasks and allocate resources effectively to manage risks.

Leadership:

• Experience in leading cross-functional teams and driving risk management initiatives.
• Ability to influence and collaborate with stakeholders to achieve risk management objectives.

Continuous Improvement:

• Commitment to enhancing risk management processes and procedures.
• Skill in implementing best practices and driving innovation in risk management approaches.
• Proficiency in using risk management software and tool is very desirable.