Vice President Supplier Governance Specialist
Vice President Supplier Governance Specialist
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Job Description
About this role
Business Unit Overview:
BlackRock Finance consists of finance professionals across several disciplines such as Financial Planning & Analysis Treasury Tax Finance Controls Sourcing and Vendor Management (SVM) Finance Platform Support and Controllers. SVM is a global team with team members primarily based in New York Gurgaon and Budapest. SVM aims to be an organization of trusted strategic sourcing advisors enabling BlackRock to achieve more value. The SVM team advises and supports business functions on all their supplierrelated initiatives whether they involve supplier identification evaluation selection negotiation performance management or escalation management.SVM seeks to avoid certain costs deliver tangible cost reductions furnish reliable analytical data and insights for improved decision making and enable a socially responsible and diverse supplier base.
Position Description:
The SVM team seeks a Supplier Governance Specialist who will help to ensure that all regulatory and internal governance requirements are met that impact the firms thirdparty vendors and its associated policies and procedures. The role will require the individual to understand the current control landscape within the function and be able to identify and implement process improvements as well as futureproofing the groups procedures against any new legal or regulatory changes.
Reporting to SVMs Global Head of Supplier Governance your key duties will include:
Key Responsibilities:
- Developing SVM processes and documentation identifying opportunities to enhance process efficiencies and effectiveness.
- Ensuring controls are operating effectively. Carrying out monitoring and testing and ensuring any issues are appropriately identified documented and resolved.
- Producing reports on governance and process improvements to support decisionmaking.
- Provide support on special projects that impact SVM ensuring processes procedures are updated & work with the P2P team to ensure any system changes are appropriately implemented.
- Organizing and delivering training to the SVM team on key regulatory or process changes.
- Helping to build business cases for new procurement investments such as procurement intelligence or contract management tools.
- Responding to client or internal business requests in relation to SVMs policy processes and procedures.
- Keeping appraised of any upcoming changes in the industry regulation or legislation landscape to advise on any likely impacts to the SVM team or the wider firm.
Development Value:
- The role interacts with global stakeholders across a number of different groups including Finance Risk HR Legal & Compliance and Internal Audit to name a few providing an excellent opportunity to learn from different colleagues.
- The role will help the individual develop their problemsolving abilities and enhance their eye for detail.
- This role will give the individual an excellent opportunity to develop their project management skills by affording them the ability to plan their workload appropriately to meet tight timelines.
- The opportunity will allow the individual to review current processes and procedures and afford them the opportunity to implement firmwide solutions.
Knowledge/Experience:
- A strong background in procurement governance & operations ideally with a good understanding of the current regulatory landscape.
- Good knowledge of business controls & risk mitigation protocols.
- Ability to concurrently manage and prioritize multiple projects concurrently.
- Strong problemsolving and analytical skills with attention to detail.
- Excellent communication and stakeholder management skills with the ability to develop and maintain effective working relationships with senior management clients and vendors.
Competencies:
Required:
- Strong verbal and written communication skills.
- Proficiency in the Microsoft Office suite.
- Strong control mindset.
- Strong willingness to learn with a highlevel of motivation and adaptability.
- Initiative and confidence to identify potential process improvement opportunities and helping deliver benefit to the business.
Desirable:
- Ideally the candidate would have 5 years previous experience of working within a procurement function preferably with a focus on procurement governance in a multinational firm.
- Experience of procurement systems such as Coupa would also be beneficial.
Our benefits
To help you stay energized engaged and inspired we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional wellbeing; family support programs; and Flexible Time Off (FTO) so you can relax recharge and be there for the people you care about.
Our hybrid work model
BlackRocks hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person aligned with our commitment to performance and innovation. As a new joiner you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
About BlackRock
At BlackRock we are all connected by one mission: to help more and more people experience financial wellbeing. Our clients and the people they serve are saving for retirement paying for their childrens educations buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment the one we make in our employees. Its why were dedicated to creating an environment where our colleagues feel welcomed valued and supported with networks benefits and development opportunities to help them thrive.
For additional information on BlackRock please visit @blackrock Twitter: @blackrock LinkedIn: is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age disability race religion sex sexual orientation and other protected characteristics at law.
Required Experience:
Chief
Employment Type
Full-Time
