Procurement Analyst (Governance and Third Party Risk Management)

Logistics & Procurement

Overview

Support governance and third-party risk management in procurement processes

You have:

• Bachelor's or Master's degree or equivalent combination of education and experience.
• Minimum five years of relevant experience in governance, compliance, or risk management.
• Strong analytical and problem-solving skills.
• Excellent organizational and project management skills.
• Familiarity with risk management frameworks and vendor risk management best practices.
• Ability to work collaboratively with subject matter resources in a virtual and cross-border environment.
• Ability to communicate confidently with stakeholders at all levels, including senior management, and write technical concepts in layman's terms.
• Advanced computer skills including Microsoft Office and other business-related software.

Procurement Analyst (Governance and Third Party Risk Management)

Job #: req31601 Organization: World Bank Sector: Procurement Grade: GE Term Duration: 3 years 0 months Recruitment Type: Local Recruitment Location: Chennai,India Required Language(s): Preferred Language(s): Closing Date: 2/15/2025 (MM/DD/YYYY) at 11:59pm UTC Description

Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank consists of two entities – the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). It is a global development cooperative owned by 189 member countries. As the largest development bank in the world, the World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income countries, and coordinates responses to regional and global challenges. Visit www.worldbank.org.

Vice-Presidency Context:

The Budget, Performance Review and Strategic Planning Vice Presidency (BPS VPU) was created in July 2013 and expanded to include Corporate Procurement in July 2024. The purpose of the VPU is to deliver high value for money with efficient, effective, and professional finance, procurement, and resource management services to help drive sustained business success through delivery of the WBG strategy. At the same time, it is focusing on improving governance to enable better oversight of what and how services are provided and continuing to strengthen its professional workforce with up-to-date skills, knowledge, and experience. The BPS VPU delivery model has three core roles designed to provide high quality, relevant and consistent services:

- Business Partners: embedded partners focused on decision support and performance oversight with strong understanding of the business. - Centers of Expertise: providing thought-leadership and analytics, designing resource management policies, practices, and coordinating business finance knowledge management. - Service Center: central unit to manage delivery of high volume and transactional and reporting services across Bank, including help desk to support to clients.

Business Unit Context:

The Corporate Procurement Department supports the mission of the WBG by performing the procurement function following the principles of transparency, fairness, competition, and best value in an efficient, effective, and customer-focused manner. These principles are employed globally and represent the strategic elements that guide the Bank Group’s activities in procurement and contracting practices. Corporate Procurement is responsible for coordinating and overseeing the sourcing strategy, selection, and contract execution for more than 130 Bank Group offices around the globe, serving our clients from offices located in Washington, D.C., Chennai, India and Sofia, Bulgaria. Within the BPSCP delivery model, the Corporate Procurement Department focuses on three core principles:

Commerciality: Deliver best “value for money” supply solutions measured by cost, quality, and speed.

Risk Management: Predict, mitigate, and manage vendor related risks to protect WBG’s interests.

Sustainability: Develop environmentally and socially sustainable supply chains.

Categories of spend include:

i) Corporate Services and Real Estate;

ii) Human Resources and Professional Services; and

iii) Technology.

Roles & Responsibilities:

The Procurement Analyst (Governance & Third Party Risk Management) will report to the Senior Procurement Specialist who in turn reports to the Global Head of Center of Excellence. The primary focus of this role will be on supporting the Governance & Third-Party Risk Management team. Governance responsibilities of the team include development of procurement directives, procedures, guidance, best practices, reference documents; compliance; communications and change management of policy enhancements; and management of vendor eligibility procedures. Third Party Risk Management (TPRM) responsibilities include ongoing implementation and review/update of the WBG TPRM Framework in collaboration with Risk Partners, to effectively manage third-party risk in accordance with internal policy requirements and in response to emerging risks. The team also provides support to the business units, Category Management teams, Risk Partners, and other stakeholders to facilitate understanding and compliance with procurement processes including integration of risk management throughout the procurement and contract management cycle.

Key accountability for this position includes:

- Serve as risk and governance liaison with business units, assist with the design and implementation of outreach activities, identify problems and issues to be addressed and propose corrective actions; liaise with relevant stakeholders; identify and track follow-up actions. - Support the drafting of procedures, guidance and best practice documents and propose updates and revisions to existing procedures and guidance documents to address changes in processes or practices. - Provide insights to support decision-making on systems and processes based on feedback from business units. - Provide training and change management support to internal clients and to external parties. - Support Corporate Procurement governance and risk management change initiatives and analyze post-implementation feedback from clients and stakeholders for follow-on action as necessary. - Serve as Tier 2 resource on questions on conflicts of interest of staff or third parties within the corporate procurement process. This would include the independent assessment and decision recommendation relating to inquiries and requests from internal and external parties. - Provide administrative support on matters related to vendor protests and vendor sanctions. - Conduct quality assurance and governance reviews of corporate procurement processes and records and recommend improvements where necessary. - Support vendor management initiatives. - Provide research support to the Governance team on a range of topics related to the Governance program, including procurement policy, terms and conditions, and governance and vendor management risk, including specific topics such as environmental, social, and governance (ESG) risk.

Selection Criteria

- Bachelor’s or Master’s degree or equivalent combination of education and experience. - Minimum five years of relevant experience in governance, compliance, or risk management. - Strong analytical and problem-solving skills with experience in conducting research and analysis on well-defined tasks, articulating issues, and recommending solutions. - Excellent organizational and project management skills, ability to manage multiple tasks within tight deadlines, and experience in managing multiple related projects to support strategic objectives. - Familiarity with risk management frameworks, environmental, social, and governance risk domains within third-party risk management, best practices and governance structures used to manage vendor risk programs and vendor risk mitigation and oversight. - Ability to work collaboratively with subject matter resources, in a matrix, virtual and cross border environment and to influence change in corporate understanding and adoption of governance and risk management initiatives. - Ability to confidently communicate with stakeholders at all levels within the organization, including senior level management. Excellent English writing and communication skills; able to translate technical concepts into layperson’s terms. Other language skills would be an asset. - Ability to work independently and deal with ambiguity, think critically, objectively, and analytically and facilitate solutions. - Ability to deal sensitively in a multicultural environment and build effective working relationships with clients, colleagues, and other stakeholders. - Advanced computer skills including Microsoft Office suite and other business-related software systems.

General Competencies:

- Ability to plan and execute negotiation processes within established parameters and under general guidance and supervision. - Superior communication skills in English (verbal, written, and comprehension), and ability to resolve interpersonal conflict. - Cross-functional team player with the ability to function effectively in multi-disciplinary teams within a matrix management environment. - Strong client service orientation. - Understand and manage digital information, data, and content. - Utilize emerging technology for work program delivery and be proficient in using new technologies and ability to create diverse digital content.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

Apply now

Potential interview questions

Added 1 year ago - Updated 1 year ago - Source: worldbank.org