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Procurement Governance Specialist

2 months ago

Kitchener, Ontario, Canada Manulife Insurance Malaysia Full time
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At Manulife Insurance Malaysia, we are seeking a highly skilled Procurement Governance and Compliance Specialist to join our team. As a key member of our procurement function, you will be responsible for monitoring compliance to our Third Party Risk Management Standard and contributing to the development and delivery of relevant policies, processes, and tools.

  • Participate in strategic planning and team decisions, ensuring completion and compliance for all activities related to regulatory governance.
  • Act as a subject matter expert on regulatory requirements relating to vendor risk management, performing data aggregation, data analytics, and reporting activities.
  • Provide and maintain vendor risk reporting mechanisms, tracking and reporting outcomes from vendor management activities.
  • Aggregate key risk metrics and performance metrics, providing to the Strategic Procurement Office for reporting to the Enterprise Risk Committee, Operational Risk Committee, and Board Risk Committee.
  • Ensure follow-on reporting and monitoring on third-party related issues and corrective action plans.
  • Escalate vendor risk issues and compliance problems that have not been adequately addressed.
  • Support development and execution of a robust communication and training plan to facilitate the effective awareness and application of the Global Procurement and Third Party Management Standard.
  • Stay informed about the latest developments in the vendor risk management field.

Requirements:

  • Undergraduate degree (business preferred).
  • 5+ years of progressive business experience, preferably including procurement, vendor management, and/or risk management.
  • Working knowledge of regulatory requirements relating to the management of third-party outsourcing in the jurisdiction in which Manulife operates.
  • Working knowledge and application of industry vendor risk management principles and vendor risk analysis and governance best practices.
  • Proven innovator – expert in identifying and implementing change management and business process transformation; takes balanced risks to promote growth of ideas.
  • Flexible work policies and strong work-life balance.
  • Delivering the promise of Diversity, Equity, and Inclusion: We foster an inclusive workplace where everyone thrives.
  • Championing Corporate Citizenship: We build a business that benefits all partners and has a positive social and environmental impact.