MAIN PURPOSE:<\/b><\/span><\/span>
<\/p>Responsible for ensuring\ncompliance with regulatory, ERMF policy & standards requirements relating\nto:<\/span><\/span>
<\/div>- Supplier Due Diligence & Screening Assessments<\/span><\/span><\/span>
<\/li>- Supplier Financial Stability Assessments<\/span><\/span><\/span>
<\/li>- Annual Supplier SCO Attestations<\/span><\/span><\/span>
<\/li>- Conducting\nperiodic assurance of suppliers (in collaboration with Absa Group Supplier\nAssurance), including adherence to regulatory requirements, as per the Supplier\nAssurance Standard and Methodology.<\/span><\/span><\/span>
<\/li><\/ul>The role includes\nassistance with the management of other supplier risk management controls as\nrequired from time to time.<\/span><\/span>
<\/p>Responsible for the\nreview, update and maintenance of Policy & Standards relating to supplier\ncontrols listed above and responsible for compliance to the relevant controls.<\/span><\/span>
<\/p>Responsible for the development\n& implementation of supplier risk processes, guidelines, tools and\nenhancement of existing processes, tools, and guidelines.<\/span><\/span>
<\/p>WFS ownership of\nsupplier risk assessment tools including e\-Casa and Coupa Risk Assess (CRA)<\/span><\/span>
<\/p>Responsible for compiling\nrelevant reports (monthly and ad\-hoc)<\/span><\/span>
<\/p>Responsible for relationship management with WFS BU\u2019s\n& Executives, WFS Operational Risk Management, Absa Compliance & Fin\nCrime, Absa Group Procurement (Supplier Risk Management) and WFS Suppliers.<\/span><\/span>
<\/div><\/div>
KEY RESPONSIBILITIES:<\/span><\/span><\/b>
<\/div><\/div>
Supplier\nDue Diligence & Screening<\/span><\/span><\/b>
<\/div>- Supplier Due diligence &\nScreening include the following assessments:<\/span><\/span><\/span>
<\/li>- Anti Money Laundering<\/span><\/span><\/span>
<\/li>- Sanctions<\/span><\/span><\/span>
<\/li>- Political Exposed People<\/span><\/span><\/span>
<\/li>- Reputational Risk<\/span><\/span><\/span>
<\/li>- Adverse Media<\/span><\/span><\/span>
<\/li>- Ultimate Beneficiary ownership<\/span><\/span><\/span>
<\/li><\/ul>- Performing supplier due diligence\nand screening activities for new WFS suppliers before on\-boarding.<\/span><\/span><\/span>
<\/li>- Perform periodic screening of\ncontracted suppliers as per Third Party ABC Standard<\/span><\/span><\/span>
<\/li>- Re\-screening of suppliers where a\nchange in control occurred.<\/span><\/span><\/span>
<\/li>- Manage the end\-to\-end supplier due\ndiligence and screening process including stakeholder engagements, escalations,\nand relevant decisions.<\/span><\/span><\/span>
<\/li>- Manage the relationship with Absa\nKYV Team to ensure effective completion of Supplier Due Diligence and screening\nassessments.<\/span><\/span><\/span>
<\/li>- Manage the relationship with WFS suppliers\nincluding guidance, training, follow\-ups, and instructions.<\/span><\/span><\/span><\/span><\/span>
<\/li><\/ul>Financial\nStability Assessments<\/span><\/span><\/b>
<\/div>- Supplier Financial Stability\nAssessments to be completed according to the Procurement Policy & Supplier Sourcing\nStandard the Supplier Risk Management Standard and the ABC Standard.<\/span><\/span><\/span>
<\/li>- Ensure Financial stability\nassessments are conducted for relevant suppliers before on\-boarding.<\/span><\/span><\/span>
<\/li>- Ensure Periodic Financial\nStability Assessment are conducted as per the intervals detailed in Supplier\nmanagement Standard.<\/span><\/span><\/span>
<\/li>- Ensure Financial Stability\nassessments are conducted when the control (ownership) of a supplier has\nchanged.<\/span><\/span><\/span>
<\/li>- Manage the service provider\nresponsible for Financial Stability Assessments.<\/span><\/span><\/span>
<\/li>- Interpretation and communication\nof FSA outcomes to Business and relevant Executive.<\/span><\/span><\/span>
<\/li>- Provide guidance to Business in\ncases where the Financial Standing of a supplier is poor.<\/span><\/span><\/span>
<\/li>- Obtain written risk acceptance\nfrom responsible Exec in cases where the Supplier FS is poor, and Business\ndecides to continue the relationship.<\/span><\/span><\/span>
<\/li>- Provide inputs to supplier\ncontracts to mitigate the financial risk when contracting the suppliers with a\npoor financial standing.<\/span><\/span><\/span>
<\/li>- Reporting on FSA outcomes.<\/span><\/span><\/span>
<\/li><\/ul>Annual\nSupplier SCO Attestations<\/span><\/span><\/b>
<\/div>- Responsible for annual Supplier\nControl Obligations Attestations:<\/span><\/span><\/span>
<\/li>- Send SCO attestation document to suppliers annually.<\/span><\/span><\/span>
<\/li>- Review attestations and communicate control gaps with Supplier/ Service\nManagers.<\/span><\/span><\/span>
<\/li>- Log control gaps and manage remediation of identified gaps.<\/span><\/span><\/span>
<\/li>- Liase with WFS Information security with regards to gaps pertaining to\ndata privacy and cyber security.<\/span><\/span><\/span>
<\/li>- Reporting on SCO attestations, gaps and completed remediations.<\/span><\/span><\/span>
<\/li>- Escalate outstanding gaps to the Head of\nSourcing<\/span><\/span><\/span>
<\/li><\/ul><\/ul>Independent\nSupplier Assurance Testing<\/span><\/span><\/b>
<\/div>- On an annual basis select specific\ncontrol obligations for independent assurance testing in collaboration with\nAbsa Group Supplier Assurance.<\/span><\/span><\/span>
<\/li>- Oversee the assurance testing and\nengage the relevant WFS subject matter experts (SME\u2019s)<\/span><\/span><\/span>
<\/li>- Review assurance report, discuss\noutcomes with relevant Execs and agree on remediation plans.<\/span><\/span><\/span>
<\/li>- Obtain Exec sign\-off on assurance\nreport and remediation plan.<\/span><\/span><\/span>
<\/li>- Manage\nand report on remediation and close\-out.<\/span><\/span><\/span>
<\/li><\/ul>Analytics\n& Reporting<\/span><\/span><\/b>
<\/div>Governance\n& Compliance<\/span><\/span><\/b>
<\/div>- Ensure in\-depth understanding of\nEnterprise Risk Management Framework (ERMF)<\/span><\/span><\/span>
<\/li>- Responsible for annual review,\nmaintenance, and compliance with Procurement Policy and Standards relating to\nSupplier Risk Management.<\/span><\/span><\/span>
<\/li>- Understand, adopt, and implement\nnew regulatory requirements relevant to supplier risk management.<\/span><\/span><\/span>
<\/li>- Operational Ownership of the\nThird\-party ABC Standard. Annual review and inputs to ABC Standard.<\/span><\/span><\/span>
<\/li>- Assess supplier risk, identify\ncontrol gaps, develop risk mitigation strategies, escalate risks (where\nrequired) and monitoring and reporting on supplier risks.<\/span><\/span><\/span>
<\/li>- Own, maintain and manage risk\nmanagement/assessment tools \u2013 e\-Casa and Coupa Risk Assess.<\/span><\/span><\/span>
<\/li>
