I am currently recruiting for a Supplier On-boarding Analyst for a well known business in Watford. The role will be based in a procurement team of 21 and with 3 other on-boarding candidates.
Hybrid role - 2 days in the office
- Perform comprehensive due diligence on potential suppliers, verifying their identity, legal status, ownership structure, and financial stability.
- Ensure adherence to all applicable laws, regulations and company policies during the supplier onboarding process to mitigate potential risks.
- Continually assess and promote sustainable and responsible procurement
- Review and validate supplier-provided documentation, such as business licenses, tax identification numbers, financial statements, and other relevant records.
- Assess the risks association with new suppliers based on the outcome of KYC assessments and collaborate with relevant stakeholders to determine appropriate risk mitigation strategies.
- Communicate effectively with suppliers to collate required documentation, address queries and facilitate a seamless onboarding experience.
- Maintain accurate and up-to-date records of supplier information, documentation, and compliance[1]related activities in the designated system (Coupa).
- Collaborate with procurement, legal, finance and cyber security to ensure alignment and timely execution of the supplier onboarding process.
- Provide guidance and training to internal stakeholders on supplier onboarding processes, compliance requirements and industry best practices.
- Generate regular and ad-hoc reports on supplier onboarding activities, compliance status, and potential risks for management review.
Experience needed
- Previous experience in supplier onboarding, KYC/KYS, compliance or a related role.
- Understanding of regulatory requirements and best practices in supplier due diligence and KYC/KYS processes.
- Knowledge and Understanding of LSEG World Check
- Perform comprehensive due diligence on potential suppliers, verifying their identity, legal status, ownership structure, and financial stability.
- Have knowledge and experience in using the Coupa platform is preferred but not essential