Director, Procurement Risk & Compliance Strategy

Job Description
Director of Strategy for Risk, Compliance, and Audit in PSC plays a crucial role in strengthening procurement processes through strategic risk management, compliance adherence, and comprehensive audit strategies. This role demands a candidate with a robust background in enterprise risk management, including areas like IT security, procurement, cybersecurity, business continuity, quality, supplier management, and / or legal. The Director is responsible for ensuring the deployment of strategies within the RC teams in addition to leading and coaching a team, ensuring their professional development aligns with organizational goals.
Major Responsibilities:
- Develop and implement risk management strategies that align with the company’s corporate &
procurement objectives,focusing cross-functional risk within both direct and indirect procurement processes.
- Leverage expertise within enterprise risk domains (IT security, cybersecurity, business continuity, supplier management considerations, legal and contracting aspects) to inform decisions and strategies.
- Stay abreast of industry trends and advancements in risk management and compliance to drive innovation in procurement practices.
- Ensure compliance assurance strategy with all relevant regulations, corporate standards, audits of procurement practices and procedures.
- Work closely with other department leads to integrate third-party risk management strategy into broader procurement strategies.
- Engage with external stakeholders, including suppliers and regulatory bodies, to ensure alignment and compliance with the developed strategies.
- Monitor and report on the effectiveness of risk &
compliance management strategies within the procurement organization and cooperate in support of TPRM strategies.
- Implement process governance frameworks to ensure that risk management and compliance practices are consistently applied and effective.
- Drive continuous improvement initiatives based on operational performance monitoring, audits, and leading industry best practices.
- Manage a diverse team with strong people management skills, fostering a culture of innovation, collaboration, and excellence.
- Provide leadership and guidance to team members, ensuring their professional development aligns with organizational goals and personal career aspirations.
- Cultivate a team environment that values strategic thinking, proactive risk management, and continuous learning.
Qualifications:
- Comprehensive procurement and domain expertise to support market analysis, risk and financial assessments, ensuring strategic and informed procurement decisions.
- Strong capabilities in internal stakeholder management and influence, enabling oversight of complex projects.
- Detailed understanding of procurement policies and processes across categories and suppliers.
- Innovative problem-solving skills combined with a solution-oriented mindset, enabling creative approaches that challenge the status quo with clear communication at all organizational levels.
- Strategic thinking and accountability, assessing current and future procurement risks and taking responsibility for the development impactful risk identification and mitigation measures.
- Strong cross-functional collaboration abilities, effectively navigating diverse team dynamics.
- Exceptional soft skills and emotional intelligence, facilitating empathetic interactions and effective dialogue.
- Impactful executive functioning abilities and autonomous work ethic, maintaining efficient performance in challenging situations and building consensus in decision-making.
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