Walmart Inc.
Location
Bentonville, AR | United States
Job description
About the Team:
Annually, Walmart consumes billions of dollars’ worth of services, materials and products used in our retail and corporate operations. Our Global Procurement team is organized to deliver value by optimizing our commercial relationships, through bidding, negotiating and contracting with world-class suppliers that embody our values and mission. These supplier partners help our company keep costs in order, quality high, and ultimately enable us to help customers save money and live better.
About the Position:
The Sr. Director, Indirect Spend Risk Management position is a new role within Global Procurement, that will have responsibility for creating our overall supplier risk management program. Walmart’s global indirect supply chain is subject to a variety of risks, such as environmental disaster, economic risk, geo-political factors, and supplier financial risk. Technology and data risks appear in more of our supply chain than ever. Given the complexities, this role is essential in helping Walmart understand how we manage, plan and mitigate risks that we face every day across our spend base.
Responsibilities include:
Designs, governs, and directs Walmart’s global indirect spend risk management framework, policies, and procedures.
Aligns the usage of vendors of goods not for resale (GNFR) to best practices in risk management and acts as a strategic partner to the business by providing a program to manage technology, supply, legal and operational threats, as it relates to our commercial and legal relationships with suppliers.
Holds responsibility for identifying and analyzing potential vulnerabilities and opportunities with vendors, utilizing data insights to develop risk mitigation strategies, and consulting on potential risk exposures and mitigation strategies and presenting them to stakeholders and senior leadership.
Leads the planning, development, and execution of a risk management policy, process and procedure that is appropriately gauged to the broad cross-section of global vendors and their inherent risk levels.
Identifies the most impactful threats to Walmart’s indirect spend ecosystem with internal and external stakeholders to manage current or potential exposure.
Partners with Procurement, InfoSec, Legal and Risk to develop contracts that support Walmart’s risk appetite, aptly mitigates any excessive or potential risks that could impact customers, associates, and shareholders, and serves as a partner to Procurement to understand how to assess risk as a component of vendor selection.
Oversees the global integration and implementation of risk mitigation policies that help optimize operations and builds a risk management process that stewards the company throughout the vendor lifecycle. Sr. Director of ISRM will develop the appropriate control environment for the vendor lifecycle, including onboarding, ongoing management, periodic risk updates, and ultimately termination.
Serves as a liaison between Walmart and various regulatory agencies charged with administering rules, regulations, and statutes by serving as the Walmart representative to various regulatory or governing agencies.
Develops the data and systems used to analyze and assign risk ratings and maintain reporting that helps Walmart understand and mitigate risks.
Manages a team of 3-5 supplier risk specialists that partner with segments to understand and manage supplier risks.
Acts as a liaison and strategic partner to Ethics and Compliance and Audit, to ensure that our vendor relationships are held to high standards in compliance with our company values and overarching control environments.
Provides overall direction by analyzing business objectives and customer needs by developing, communicating, building support for, and implementing risk mitigation plans as well as identifying and capitalizing on improvement opportunities.
Creates an environment where associates respect and adhere to company standards of integrity and ethics by integrating these values into all programs and practices.
You’ll make an impact by:
Partnering with Procurement, InfoSec, Legal and Risk to develop contracts that support Walmart’s risk appetite, aptly mitigates any excessive or potential risks that could impact customers, associates, and shareholders
Advising Procurement to understand how to assess risk as a component of vendor selection, and assisting stakeholders across the business in making strong risk-based decisions.
You will sweep us off our feet if …
Develop policies, processes and procedures that are effective and efficient, so Walmart can identify and manage risks, but not slow down our growth and progress
Use data to power insights that will help the business build a strong, understandable and well-planned Risk strategy
Create a mindset across the business around how managing and controlling for Risk can enable Walmart to provide even more value to customers, and embed supplier risk-management thinking into how we manage our supplier lifecycle.
The above information has been designed to indicate the general nature and level of work performed in the role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The full Job Description can be made available as part of the hiring process.
Benefits & Perks:
Beyond competitive pay, you can receive incentive awards for your performance. Other great perks include 401(k) match, stock purchase plan, paid maternity and parental leave, PTO, multiple health plans, and much more.
Equal Opportunity Employer
Walmart, Inc. is an Equal Opportunity Employer – By Choice. We believe we are best equipped to help our associates, customers, and the communities we serve live better when we really know them. That means understanding, respecting, and valuing diversity- unique styles, experiences, identities, ideas and opinions – while being inclusive of all people.
Who We Are
Join Walmart and your work could help over 275 million global customers live better every week. Yes, we are the Fortune #1 company. But you’ll quickly find we’re a company who wants you to feel comfortable bringing your whole self to work. A career at Walmart is where the world’s most complex challenges meet a kinder way of life. Our mission spreads far beyond the walls of our stores. Join us and you'll discover why we are a world leader in diversity and inclusion, sustainability, and community involvement. From day one, you’ll be empowered and equipped to do the best work of your life. careers.walmart.com
Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.
Minimum Qualifications: Bachelor's degree in Business, Finance, or related field and 6 years’ experience in risk management, finance, or related area OR 8 years’ experience in risk management, finance, or related area. 2 years’ supervisory experience.Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.
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