Senior Associate Vendor Compliance and Risk Management

Buoyancy Plastics For Change Recycling; Bengaluru; Vor Ort; INR 600.000 - 900.000; Vollzeit

Zusammenfassung

Buoyancy Plastics For Change Recycling is seeking a skilled Vendor Compliance & Risk Specialist to lead onboarding checks, risk assessment, and regulatory documentation. You will collaborate with Procurement, Finance, Legal, and Operations to ensure all vendor records are complete and compliant.

The role requires 3-5 years in vendor management and audits, GST knowledge, and travel readiness for site verifications.

Qualifikationen

• Bachelor's degree in Business Administration, Commerce, Finance, Supply Chain, Operations, or a related field.
• 3-5 years in vendor management, procurement, compliance, risk management, or related functions.
• 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.
• Strong analytical and documentation skills.
• Experience working collaboratively with multiple internal stakeholders and external vendors.
• Willingness to travel for vendor/site verification when required.

Aufgaben

• Conduct comprehensive checks on vendors before onboarding, including business registration and statutory documents, GST and PAN validation, company ownership and beneficial ownership, bank account details, and operational existence.
• Coordinate with external background verification and due diligence agencies when required to assess the credibility and track record of prospective vendors.
• Ensure all mandatory documents are collected, verified, approved, and maintained before vendor activation, driving a high vendor documentation compliance rate.
• Develop and manage a vendor risk assessment framework based on factors such as financial stability, compliance history, operational capability, documentation, reputation, and business criticality.
• Flag high-risk vendors to relevant stakeholders and actively work towards the reduction of high-risk or non-compliant vendors.
• Monitor compliance with vendor agreements, terms and conditions, contractual requirements, and organizational policies.
• Develop, maintain, and drive the adoption of standardized vendor onboarding processes, compliance policies, and standard operating procedures.
• Maintain a centralized and up-to-date vendor compliance database.
• Plan and conduct periodic vendor audits and compliance reviews, ensuring timely completion of all scheduled assessments.
• Document audit findings, track corrective and preventive actions, and ensure the timely closure of any vendor corrective actions.

Kenntnisse

Vendor management

Procurement

Compliance

Risk management

Audit

Vendor onboarding

Documentation

Stakeholder management

Travel readiness

Ausbildung

Bachelor's degree in Business Administration / Commerce / Finance / Supply Chain / Operations or related field

Jobbeschreibung

Duties and Key Responsibilities

• Conduct comprehensive checks on vendors before onboarding, including business registration and statutory documents, GST and PAN validation, company ownership and beneficial ownership, bank account details, and operational existence.
• Coordinate with external background verification and due diligence agencies when required to assess the credibility and track record of prospective vendors.
• Ensure all mandatory documents are collected, verified, approved, and maintained before vendor activation, driving a high vendor documentation compliance rate.
• Develop and manage a systematic vendor risk assessment framework based on factors such as financial stability, compliance history, operational capability, documentation, reputation, and business criticality.
• Flag high-risk vendors to relevant stakeholders and actively work towards the reduction of high-risk or non-compliant vendors.
• Monitor compliance with vendor agreements, terms and conditions, contractual requirements, and organizational policies.
• Develop, maintain, and drive the adoption of standardized vendor onboarding processes, compliance policies, and standard operating procedures.
• Maintain a centralized and up-to-date vendor compliance database.
• Plan and conduct periodic vendor audits and compliance reviews, ensuring timely completion of all scheduled assessments.
• Document audit findings, track corrective and preventive actions, and ensure the timely closure of any vendor corrective actions.

General Responsibilities

• Work closely and collaborate with cross-functional teams, including Procurement, Finance, Legal, Operations, Marketplace / Business Teams, Supply Chain, and Leadership.
• Ensure vendor-related decisions are closely aligned with organizational risk appetite and overall business requirements.
• Act as the central point of coordination and primary contact for all vendor compliance and risk-related matters.

Knowledge, Experience and Qualifications

• Bachelor's degree in Business Administration, Commerce, Finance, Supply Chain, Procurement, Operations, or a related field.
• 3-5 years of relevant experience in vendor management, procurement, compliance, risk management, supply chain, audit, or related functions.
• 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.
• Strong analytical and documentation skills.
• Experience working collaboratively with multiple internal stakeholders and external vendors.
• Willingness to travel for vendor/site verification when required.

Note: The roles and responsibilities outlined above are not meant to be an exhaustive list of tasks. Flexibility is required and the incumbent is expected to carry out any other related duties that are necessary for the optimum functioning of the company as a whole within the employees skills and abilities whenever a need is pointed out, becomes apparent, or as reasonably instructed.