Third Parties Due Diligence
- Perform Sanction screening and risk assessment for new and existing suppliers
- Support daily process for vendor creation and changes for high risk countries due diligence
- Perform due diligence process for Third parties prior to their activation in the Master Data & existing Third parties following a risk-based approach
- Perform periodic screening checks (Quarterly/Annually) to identify sanctions red flags on the Third-party database through risk assessment tools
- Perform data quality validations and databases reconciliation to ensure accuracy and completeness
- Support Risk & Compliance to ensure that all issues identified are properly documented, discussed, and escalated as per global procedures and policies
- In Partnership and cross collaboration with Risk & Compliance team members will assure that all Due Diligence requests are timely processed
- Update the excel data bases with the metrics / KPIs for tracking purposes
- Support regional requestors providing guidance on documentation required to conduct the Due Diligence process.
- Collaborate to update regional policies, procedure, DTPs and work instructions to reflect current processes.
- Support risk assessment tools (i.e. Dow Jones Risk Center) onboarding and provide suggestion in upgrading of tools
- Develop communications and trainings to key stakeholders about third party risk pillar activities
- Support Internal Audit and Regulatory Agencies on any documentation required in case a Due Diligence evidence is required by them Perform sanction screening process to third parties
- Identify enhancement opportunities to make more efficient the processes or opportunities to innovate or automate
- Close connection with regional function leads.
Qualifications
- Excellent written and oral communication skills and an ability to present and interact with the highest level of business leaders; Ability to build strong business partnerships; Must be proficient in the English language; Must be proficient in Mandarin; Japanese and/or Korean preferred
- Must possess three years of work experience in Compliance, risk management, Legal, Audit or related field.
- The ability to communicate clearly and concisely across all levels of the company is required.
- In depth knowledge of Procurement systems and processes are required.
- Basic knowledge of sanction related laws (i.e. OFAC Sanction law and programs) is required
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