Procurement Risk Manager

2 Months ago • 5 Years + • Risk Management

Job Summary

Job Description

As a Procurement Risk Manager at Tencent Finance, you will conduct comprehensive analyses of Tencent's internal procurement function (marketing, services, HR) across the region. Responsibilities include evaluating processes, identifying risks, providing recommendations, designing local policies, developing cost analysis models, managing compliance audits, and advising stakeholders. You will also contribute to key procurement risk management projects, optimize procurement procedures, and drive cost savings initiatives. Strong project management, procurement philosophy understanding, and effective communication are crucial.
Must have:
  • Bachelor's degree or above
  • 5+ years' experience in procurement
  • Strong risk management skills
  • Procurement process expertise
  • Excellent communication skills
  • Fluency in English and Mandarin
Good to have:
  • Procurement certifications (CIA, CPA, CERM)
  • Internet industry experience
  • COSO background
  • Project management skills

Job Details

Business Unit

At Tencent Finance, we are deeply committed to fostering the professional growth of our staff through tailored finance training, mentorship programs, job rotation initiatives, and support for finance professional certifications. Recognized as an approved employer by esteemed organizations like ACCA, HKICPA, CIMA, CPA Australia, and CA, and certified accredited trainer with the Singapore Accountancy Commission, we provide comprehensive resources and guidance to ensure our employees remain at the forefront of the rapidly evolving finance landscape. Whether you're a recent graduate or an experienced hire, we empower you to acquire and maintain professional qualifications, enhancing your credibility and competence in the finance domain while keeping you competitive in the ever-changing industry.

What the Role Entails

Position Overview
As a Procurement Risk Manager, you'll conduct comprehensive analyses of Tencent's internal procurement function, focusing on marketing, services, and HR categories across the region. You'll evaluate processes, identify risks, and provide recommendations to stakeholders, ensuring that procurement activities align with risk control objectives. Additionally, you'll design local procurement policies, develop cost analysis models, and manage compliance audits of company suppliers. This role requires strong project management skills, a deep understanding of procurement philosophy, and the ability to communicate effectively with stakeholders at all levels.

  • Perform process assessments of procurement functions and provide optimization suggestions.
  • Prepare and deliver supplier management reports.
  • Develop cost analysis models and evaluate price benchmarks.
  • Conduct compliance audits of company supplier admission and onsite inspections periodically.
  • Design procurement-related internal control standards and policies.
  • Provide professional advice to business stakeholders on procurement matters.
  • Contribute to key procurement risk management projects and provide ad-hoc support.
  • Review procurement procedures, identify risks, and offer strategic solutions.
  • Drive continuous optimization of procurement procedures and cost savings initiatives.
  • Coordinate with Audit Team to define procurement improvement areas and track progress.
  • Promote company-wide awareness of procurement risks and cost controls through internal trainings and workshops.

Who We Look For

  • Bachelor’s degree or above, preferably with procurement certifications, or CIA, CPA, CERM etc.
  • A minimum of 5 years’ work experience in marketing procurement category, preferably within internet industry or professional procurement consulting background, with a strong focus on procurement risk review, control, and management.
  • Deep understanding in procurement philosophy, including but not limited to, procurement process and management, methodology and best practices in cost control.
  • Familiar with management of corporate risks: solid experience in Internal Control, Audit or Financial Management. COSO background preferred.
  • Strong project management skills; organized individual with the ability to work independently juggling multiple projects and tasks.
  • Excellent communications and presentation skills
  • Fluency in English and Chinese Mandarin is required to communicate with stakeholders from various backgrounds and prepare management reports in both languages

#LI-JY1

Equal Employment Opportunity at Tencent

As an equal opportunity employer, we firmly believe that diverse voices fuel our innovation and allow us to better serve our users and the community. We foster an environment where every employee of Tencent feels supported and inspired to achieve individual and common goals.

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About The Company

Tencent is a world-leading internet and technology company that develops innovative products and services to improve the quality of life for people around the world.Read MoreEqual Employment Opportunity at TencentAs an equal opportunity employer, we firmly believe that diverse voices fuel our innovation and allow us to better serve our users and the community. We foster an environment where every employee of Tencent feels supported and inspired to achieve individual and common goals.Read More

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