Manager – Vendor Compliance & Risk Management

Plastics For Change; Bangalore Rural; On-site; INR 2,200,000 - 3,400,000; Full time

Benefits offered by this job

Provident Fund

Health insurance

Flexible policies

Paid time off

Job summary

Plastics For Change seeks a Manager – Vendor Compliance & Risk Management to establish and manage a structured vendor onboarding and due diligence process. You will define eligibility criteria, conduct comprehensive checks, and coordinate with external agencies for background verification.

The role requires 8–10+ years in vendor management, strong analytical skills, and the ability to monitor compliance across vendor agreements, licenses, and certifications.

Qualifications

• Bachelor's degree in Business Administration, Commerce, Finance, Supply Chain, Procurement, Operations, or a related field.
• 8–10+ years of relevant experience in vendor management, procurement, compliance, risk management, supply chain, audit, or related functions.
• Strong experience in vendor onboarding and due diligence.
• Experience in conducting or coordinating vendor audits and background verification.
• Understanding of GST, statutory documentation, business registrations, and basic financial due diligence.
• Experience in developing and implementing SOPs, policies, controls, and compliance processes.
• Strong analytical and documentation skills.
• Willingness to travel for vendor/site verification when required.

Responsibilities

• Establish and manage a structured vendor onboarding and due diligence process.
• Define minimum eligibility and selection criteria for different categories of vendors.
• Conduct background checks and assess the credibility and track record of prospective vendors.
• Develop a systematic vendor risk assessment framework based on financial stability, compliance history, operational capability, documentation, reputation, and business criticality.
• Monitor compliance with vendor agreements, terms and conditions, contractual requirements, and organizational policies.
• Develop and maintain vendor compliance policies and SOPs.
• Track expiry and renewal of licenses, registrations, certificates, and other statutory documents.
• Plan and conduct periodic vendor audits and compliance reviews.
• Coordinate with external agencies for background verifications and due diligence.
• Develop vendor scorecards, KPIs, and performance monitoring mechanisms.
• Track vendor performance against agreed commercial, operational, compliance, and service-level requirements.
• Identify recurring performance or compliance issues and recommend corrective actions.
• Cross-functional collaboration to ensure standardized vendor evaluation practices.

Skills

Vendor onboarding

Due diligence

Analytical skills

Documentation

Stakeholder mgmt

Travel readiness

Education

Bachelor's degree in related field

Job description

Manager – Vendor Compliance & Risk Management

Banglorenorth, India | Posted on 09/02/2026

Plastics For Change is a purpose-driven social enterprise building ethical, traceable, and inclusive recycling supply chains. The company works with informal waste collectors to formalize recycling systems, ensure fair wages, and create measurable social and environmental impact.

Job Description

Establish and manage a structured vendor onboarding and due diligence process.

Define minimum eligibility and selection criteria for different categories of vendors.

Conduct comprehensive checks on vendors before onboarding, including:

Business registration and statutory documents

GST and PAN validation

Company ownership and beneficial ownership

Bank account and financial information

Business address and operational existence

Relevant licenses and certifications

Coordinate with external background verification and due diligence agencies where required.

Conduct background checks and assess the credibility and track record of prospective vendors.

Ensure all mandatory documents are collected, verified, approved, and maintained before vendor activation.

Develop a systematic vendor risk assessment framework based on factors such as financial stability, compliance history, operational capability, documentation, reputation, and business criticality.

Conduct financial health checks and identify potential indicators of vendor failure or financial distress.

Identify and assess supply chain and operational risks associated with vendors.

Categorize vendors based on risk levels and define appropriate monitoring requirements.

Flag high-risk vendors to relevant stakeholders and recommend appropriate mitigation measures.

Monitor compliance with vendor agreements, terms and conditions, contractual requirements, and organizational policies.

Develop and maintain vendor compliance policies and standard operating procedures.

Establish appropriate compliance clauses and requirements within vendor agreements.

Track expiry and renewal of licenses, registrations, certificates, and other statutory documents.

Identify gaps in vendor compliance and ensure timely corrective action.

Maintain a centralized and up-to-date vendor compliance database.

Plan and conduct periodic vendor audits and compliance reviews.

Perform documentation and process audits to verify vendor information.

Coordinate physical verification/site visits for selected vendors where required, including operational locations, warehouses, scrap yards, processing units, or other relevant facilities.

Work with external agencies when physical verification or specialized background checks are required.

Document audit findings and track corrective and preventive actions.

Develop vendor scorecards, KPIs, and performance monitoring mechanisms .

Track vendor performance against agreed commercial, operational, compliance, and service-level requirements.

Identify recurring performance or compliance issues and recommend corrective actions.

Work with business teams to ensure consistent vendor evaluation practices across functions.

6. Vendor Risk & Compliance Reporting

Maintain a clear view of the organization's overall vendor risk exposure.

Prepare periodic vendor compliance and risk reports for Finance, Legal, Operations, and Leadership .

Highlight high-risk vendors, unresolved compliance issues, financial concerns, and overdue documentation.

Develop dashboards and reports to track vendor onboarding, compliance status, audits, risk ratings, and corrective actions.

7. Vendor Exit & Risk Mitigation

Establish a structured process for vendor suspension, deactivation, and exit.

Identify situations where a vendor should be restricted, suspended, or exited due to non-compliance or increased risk.

Ensure vendor exits are properly documented and coordinated with Finance, Legal, Procurement, and Operations.

Support recovery and risk mitigation activities where vendors fail to meet contractual or compliance obligations.

Maintain appropriate records of vendor issues and historical risk assessments.

8. Policy & Process Development

Develop and continuously improve vendor management and compliance policies.

Standardize vendor onboarding and procurement processes across different business functions.

Identify process gaps that could expose the organization to financial, legal, operational, or reputational risks.

Recommend technology, process, or control improvements to strengthen vendor governance.

Educate internal teams on vendor compliance requirements and onboarding procedures.

9. Cross-functional Collaboration

Work closely with:

Procurement

Finance

Legal

Operations

Marketplace / Business Teams

Supply Chain

Leadership

Ensure vendor-related decisions are aligned with organizational risk appetite and business requirements.

Act as the central point of coordination for vendor compliance and risk-related matters.

Success in this role will be measured through:

Percentage of vendors completing due diligence before onboarding.

Reduction in high-risk or non-compliant vendors.

Timely completion of vendor audits and reviews.

Percentage of vendors with updated compliance documentation.

Number and value of vendor-related financial/compliance risks identified and mitigated.

Timely closure of vendor corrective actions.

Implementation and adoption of standardized vendor onboarding processes.

Vendor performance and compliance scorecard completion.

Reduction in losses or operational disruptions caused by vendor-related risks.

Requirements

Required Qualifications & Experience

Bachelor's degree in Business Administration, Commerce, Finance, Supply Chain, Procurement, Operations, or a related field .

8–10+ years of relevant experience in vendor management, procurement, compliance, risk management, supply chain, audit, or related functions.

Strong experience in vendor onboarding and due diligence.

Experience in conducting or coordinating vendor audits and background verification.

Understanding of GST, statutory documentation, business registrations, and basic financial due diligence.

Experience in developing and implementing SOPs, policies, controls, and compliance processes.

Strong analytical and documentation skills.

Experience working with multiple internal stakeholders and external vendors.

Ability to identify potential risks and take proactive corrective action.

Willingness to travel for vendor/site verification when required.

We offer a competitive and comprehensive benefits package designed to support our employees’ well-being and growth, including an attractive salary, Provident Fund (PF) for financial security, performance-based incentives, comprehensive health and accidental insurance coverage, and strong career growth opportunities. Employees benefit from continuous learning and development through training programs, a healthy work-life balance with flexible policies, and generous paid time off including leave and holidays. Additionally, we provide employee engagement activities, recognition programs to reward achievements, and access to wellness and support initiatives, ensuring a positive and rewarding work environment.