AM-Risk Advisory (Procurement)

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  Review purchase requisitions, sanctioning process, approvals and supporting documentation.

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  Validate vendor onboarding, risk scoring, documentation completeness and changes in vendor master data.

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  Evaluate sourcing and bidding processes, price benchmarking, and approval of selection decisions.

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  Examine purchase orders, contracts and work orders for completeness, accuracy and policy alignment.

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  Assess contract management activities including SLAs, service metrics, expiry/renewal management and penalty clauses.

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  Scrutinise invoices for correctness, supporting evidence, duplicate billing checks and proper approval flow.

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  Review payment workflows for accuracy, authorisation controls, timelines and regulatory compliance (including MSME norms).

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  Identify policy deviations, contractual gaps, process lapses and vendor concentration risks.

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  Assist in implementation of corrective actions including control enhancements, documentation improvements and remediation follow-ups.

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  Prepare periodic review reports, quantify financial impacts, and track closure of action points with stakeholders.f procurement risks.

Requirements

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  Good understanding of procurement lifecycle and vendor management controls.

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  Awareness of regulatory guidelines applicable to outsourcing in financial entities.

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  Working knowledge of key contract clauses (SLA, confidentiality, indemnity, penalty, renewal, KPIs).

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  Strong analytical and documentation skills with ability to articulate observations clearly.

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  Advanced MS Excel proficiency: exposure to IDEA/ACL/data analytics tools is advantageous.

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  Ability to collaborate with internal and external stakeholders and manage deadlines independently.

Benefits