Assistant Manager, Procurement

Prudentials purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured for our people customers and partners. We provide a platform for our people to do their best work and make an impact to the business and we support our peoples career ambitions. We pledge to make Prudential a place where you can Connect Grow and Succeed.

Principal Duties & Responsibilities:

Procurement & Sourcing Operations

• Coordinate and execute end-to-end procurement processes including sourcing contract negotiation and vendor management. ensuring strict adherence to Prudential policies and relevant local financial regulations.

• Identify evaluate and select suppliers based on quality cost delivery compliance and reliability with consideration of market standards principles set out in Prudential policies as well as local regulatory requirements.

• Prepare the tender strategy bid proposal / award papers to document the award decision for management approval.

• Work closely with all relevant parties and escalate when necessary to resolve underlying procurement / sourcing related issues.

• Support the implementation of any enhancement / improvement of Procurement system and processes procurement related initiatives and influence vendors to optimize the usage of Procurement system.

Vendor Management & Third-Party Risk Support

• Support business requesters to ensure the risks associated with the vendors / service providers are sufficiently assessed identified measured and classified before awarding / renewing the contracts.

• Ensure the associated risks are regularly monitored mitigated and controlled by the Business Contract Owners and Business Contract Managers throughout the lifecycle of the contract to manage the ongoing third party risk exposures of existing vendors / service providers.

• Ensure the Business Contract Owners and Business Contract Managers take full accountability for the compliance and performance of the vendors / service providers through regular and ongoing performance monitoring and review.

• Identify and escalate to the relevant Subject Matter Experts (SMEs) any underlying third party risk assessment related issues as and when required.

Governance & Reporting

• Ensure procurement operational tasks (PR/PO processing) are executed timely and in full compliance.

• Assist to identify and escalate non compliances or third party risk exposures to governance committees.

• Support Third Party Risk Management Outsourcing Team to prepare procurement and third party risk reports for management and governance committees.

Job Specifications:

Education

• Bachelor or Degree in any field preferably in Supply Chain Management Business Administration or Finance.

Experience

• At least 3 years of working experience in third party governance / oversight or risk management.

• Experience in the financial services industry such as insurance or banking or regulatory compliance will be an added advantage.

• Experience in any Procurement system Coupa will be an added advantage.

Knowledge & Skills

• Good negotiation skills.

• Good communication skills (written and verbal).

• Ability to build relationships and collaborate effectively.

• Independent and possess good work ethics with a positive attitude.

• Strict compliance with all applicable deadlines and able to work under pressure.

• Proficiet in Microsoft Office skills.

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex race age ethnic origin educational social and cultural background marital status pregnancy and maternity religion or belief disability or part-time / fixed-term work or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.