Supplier onboarding analyst

I am currently recruiting for a Supplier On-boarding Analyst for a well known business in Watford. The role will be based in a procurement team of 21 and with 3 other on-boarding candidates.

Hybrid role - 2 days in the office

• Perform comprehensive due diligence on potential suppliers, verifying their identity, legal status, ownership structure, and financial stability.
• Ensure adherence to all applicable laws, regulations and company policies during the supplier onboarding process to mitigate potential risks.
• Continually assess and promote sustainable and responsible procurement
• Review and validate supplier-provided documentation, such as business licenses, tax identification numbers, financial statements, and other relevant records.
• Assess the risks association with new suppliers based on the outcome of KYC assessments and collaborate with relevant stakeholders to determine appropriate risk mitigation strategies.
• Communicate effectively with suppliers to collate required documentation, address queries and facilitate a seamless onboarding experience.
• Maintain accurate and up-to-date records of supplier information, documentation, and compliance[1]related activities in the designated system (Coupa).
• Collaborate with procurement, legal, finance and cyber security to ensure alignment and timely execution of the supplier onboarding process.
• Provide guidance and training to internal stakeholders on supplier onboarding processes, compliance requirements and industry best practices.
• Generate regular and ad-hoc reports on supplier onboarding activities, compliance status, and potential risks for management review.

Experience needed

• Previous experience in supplier onboarding, KYC/KYS, compliance or a related role.
• Understanding of regulatory requirements and best practices in supplier due diligence and KYC/KYS processes.
• Knowledge and Understanding of LSEG World Check
• Perform comprehensive due diligence on potential suppliers, verifying their identity, legal status, ownership structure, and financial stability.
• Have knowledge and experience in using the Coupa platform is preferred but not essential