Manager, Sourcing Process and Compliance

Location: Cincinnati
Posted on: November 20, 2024

Job Description:

GENERAL FUNCTION: Provide leadership, management and ownership of sourcing technology applications and processes to support the evaluation and tracking of outside service provider risk and compliance for new and existing supplier relationships. The scopeof the role and the responsibilities encompass using existing and new tools to develop best practice processes and policies to provide governance and oversight for the Bancorp outside service providers. This leader will work closely with peers and usersto embed Sourcing processes across the Bancorp to execute and effectively manage outside service provider risk, with specific focus on the due diligence processes performed by key risk stakeholders. ESSENTIAL DUTIES AND RESPONSIBILITIES: . Own and manger sourcing technology applications and processes including: due diligence risk evaluation and on-boarding of new suppliers, risk revaluation and recertification of existing suppliers and enterprise and regulatory reporting related tosupplier risk and compliance. . Manage Strategic Sourcing Process and Compliance Team. . Responsible for ensuring the adequate training of all sourcing staff and enterprise stakeholders on tools, technology and processes related to sourcing risk, compliance and due diligence processes. . Develop Key Performance Indicators (KPI''s) and Key Risk Indicators to effectively track and monitor outside service provider risk and performance and create internal and external scorecards. . Manager and sustain the supplier risk assessment processes and survey for Line of Business (LoB) and actively communicate changes to these processes to impacted stakeholders. . Lead the risk and compliance evaluation process for new and existing supplier relationships and facilitate the process for the Sourcing, Risk, Legal, and Compliance teams ongoing. . Lead the existing meetings to support this cross functional risk evaluation process including the weekly portfolio evaluation review meetings, the Sourcing Portfolio Management Council (SPM) and the centralized meeting to initiate the review of allnew relationships (weekly kick off meetings). Additionally, this leader will assist in the coordination of the Sourcing Compliance Council meetings. . Drive process improvement related to the due diligence process for new relationships, and provide complete, accurate and timely reporting to the enterprise related to these processes. . Develop and implement knowledge library and templates into technology as needed to support the sourcing risk management process, . Ensure current regulatory requirements, consumer regulations, data management standards related to outside service providers are understood and disseminated throughout the enterprise, and align with enterprise compliance policies and procedures. . Proactively identify gaps and design/develop complex databases and models to support the identification, tracking and reporting of outside service provider risk and communicate this detail to the Sourcing Business Partners/Category Managers and linesof business to assist in making business decisions related to external relationships. . Participate in category strategy formulation and recommend sourcing approaches for the various categories based on industry knowledge of risk/compliance considerations. . Support the development of documentation, presentations, (internal/external), supplier contracts, supplier scorecard and compliance reports.

Keywords: , Louisville , Manager, Sourcing Process and Compliance, PR / Public Relations , Cincinnati, Kentucky