Controls & Governance Officer, Senior – Procurement
What sets Bank of the West apart from other banks is our team members–they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values—straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity – an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines – Retail Banking, Commercial Banking, National Finance, and Wealth Management.
Controls & Governance Officer, Senior
Job Description Summary
The Controls & Governance Officer, Senior – Procurement will be responsible for executing the end-to-end compliance strategy and programs to fulfill the requirements of current and rapidly increasing regulations. Additionally, this individual will responsibility for executing day-to-day Procurement Quality Assurance program activities. Finally, this individual will support (emphasis added) the execution of the responsible sourcing strategy and operation model to mitigate Procurement-related Environmental, Economic, & Social risks within our global supply base.
Essential Job Functions
1. Perform quality assurance and program-specific activities related to Bank's policies, programs and applicable regulations, including but not limited to testing, referring back outputs for further remediation, reporting and communicating results to various stakeholders.
2. Works with program reporting and analytics team to develop and provide reporting resulting from monitoring or program activities.
3. Monitors and tracks recommendations for enhancements to policies, processes, procedures or controls from external examinations, internal audits or compliance testing.
4. Supports or otherwise provides subject matter guidance to implement changes to polices, processes, procedures or controls.
5. Supports projects or ongoing control process or continuous monitoring process relating to controls that ensure compliance with one or more regulatory requirements.
6. Supports, prepares documentation/responses for interactions with external examiners and coordinates with internal audit and Corporate Compliance Testing within position’s area of focus.
Performs other duties as assigned.
·Bachelor’s Degree in Business or Finance - Required
·Master’s/Advanced Degree in Business or Finance - Preferred
·Requires practical knowledge in leading and managing the execution of processes, projects and tactics within one area. Typically has advanced knowledge and skills within a specific technical or professional discipline with understanding of the impact of work on other areas of the organization.
·Requires 7 years minimum prior relevant experience.
Additional Job Functions:
Corporate Social Responsibility:
·Support the Procurement organization in supplier assessment processes, e.g. supplier legal or other compliance questions, supplier evaluation tools, e.g. Supplier Evaluation Model (SEM), Supplier Sustainability Self-Assessment Questionnaire (SAQ) or Due Diligence screening analysis.
·Support and coordinate Sustainability, Environmental and Social Responsibility, activities both internally and towards the supplier base with the purpose to develop and follow up performance.
·Improve Sustainability, Environmental and Social Responsibility, competence in the Supply Chain, e.g. information/training to suppliers (Supplier Portal or Supplier Events).
·Support or prepare procurement communications (including to senior management, risk & control groups, audit, regulators) on state of preparedness, ongoing findings, annual reporting relative to global compliance requirements
·Coordinate with peers to ensure applicable control measures are implemented to meet compliance requirements, respond to various audit, regulatory and other findings.
·Write and publish policies, processes, desk manuals and statements on compliance. Establish appropriate governance processes and documentation related to procurement-related activities.
·Benchmark and implement appropriate continuous improvement activities to satisfy requirements and external stakeholder expectations. Monitor the progress and assess the impact of emerging legislation regarding transparency and due diligence in supply chains. Educate and train Procurement staff on updated compliance requirements.
·Design and implement global strategies to identify, assess, and mitigate risks throughout the supply base by working across Procurement and with cross-functional business partners.
·Supports management of the contract system of record, including:
o Interacting with the Third Party Provider of the system;
o Defining and working with the Third Party Provider to implement system requirements;
o Ensuring data quality within the system of record;
·Liaise with peer procurement application owners to coordinate and, where appropriate, execute procurement tool changes/controls.
·Stay current on regional trends and evolving regulations and protocols
·Manage project milestones, KPIs and updates
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.