Compliance and Vendor Risk Manager

Compliance and Vendor Risk Manager Location Houston, TX (Downtown area) :

Date: May 7, 2024

Location: Houston, TX, US, 77002

Company: CenterPoint Energy

CenterPoint Energy and its predecessor companies have been in business for more than 150 years. Our Vision: Our vision is to become the most admired utility in the United States through the execution of our long-term growth strategy. We have an unwavering commitment to safely and reliably deliver electricity and natural gas to millions of people. Our Commitment: CenterPoint Energy is committed to creating an inclusive work environment where business results are achieved through the skills, abilities and talents of our diverse workforce. At CenterPoint Energy, individuals are respected for their contributions toward our company objectives. We strive for an inclusive work environment across all levels that is reflective of the available workforce in the communities we serve. Job Summary The Manager - Risk and Compliance Manager is responsible for leading the vendor risk management program, vendor contract compliance review program, and procurement quality control activities. Manage and/or coordinate vendor risk management activities with various risk SMEs to ensure vendor associated risks align with enterprise risk tolerance and monitor risk mitigation activities. Establish and maintain effective relationships with internal and external stakeholders to ensure vendor risks are appropriately evaluated and incorporated into vendor/supplier decisions. These vendor risk responsibilities will encompass relationship management, performance oversight, creating and calibrating metrics for score carding, vendor risk analysis, and providing consistent and focused feedback/reporting. Planning, executing, measuring, and reporting vendor contract compliance review results. Review program for opportunities to enhance program coverage/scope. Manage contract/procurement quality assurance program with the goal of ensuring contracts properly mitigate risk in collaboration with Procurement Management team. Conduct vendor risk training to internal stakeholders on a regular basis. The ability to forge relationships, work cross functionally and drive new initiatives will be essential. Essential Functions

• Develop an annual vendor risk coverage strategy, establish risk coverage targets, and execute the risk program activities. Develop a vendor selection methodology that ensures risk-based coverage.
• Enhance, and oversee vendor risk management (VRM) program strategies, procedures, and systems.
  • Collaborate with Vendor Risk Owners and VRM Steering Committee to enhance risk evaluation approach.
  • Support and oversee completion of vendor risk assessments (VRA, PVRA, and CRA); collaborating with risk SMEs to achieve program results to manage, reduce, and mitigate vendor risks.
  • Coordinate offboarding or oversee monitoring of vendor risk mitigation activities.
  • Reporting of VRM activities and outcomes to Stakeholders, Senior management, and the Risk Oversight Committee (ROC) as needed.
• Oversee and enhance the Vendor Contract Compliance program, including but not limited to,
  • Cost recovery process including proper accounting of recoveries.
  • Value leakage and remediation
  • Track/communicate lessons learned to leverage in commercial term enhancements.
• Oversee and enhance the procurement QC program, including but not limited to,
  • Contract Execution
  • Contract Supporting Documentation
  • Business Award Justification Form (BAJF)
  • Procurement Risk Assessment (PRA)
  • Adherence to Company policies and department procedures
• Lead the executive business review (EBR) initiative in collaboration with Procurement Management
• Identification, evaluation, and implementation of vendor risk management tools, processes, and systems
• Proactively stay abreast of industry news and trade publications, including utility industry groups such as EEI, AGA and SGA, to keep current on risk issues that could impact the company, including but not limited to economic, political, supply chain, and forced labor / human trafficking.

Essential Functions (cont.)

• Review historical vendor/supplier risk trends, research risk drivers, and evaluate risk results for enterprise enhancements e.g., contract language; insurance coverage; environmental, social, and governance (ESG).
• Provide input to the various risk SMEs to ensure alignment with business processes and objectives.
• Establish and track key performance metrics relating to vendor risk, including tracking and internal reporting of findings and mitigation plans.
• Planning and coordination activities for annual supply chain team risk training; collaborating with risk SMEs on presentation topics and leverage contract compliance review lessons learned.
• Design, develop, and deliver training to internal stakeholders on vendor risk requirements, red flag identification, and other topics.
• Formulate and establish best practice policies, operating procedures, and goals needed to achieve program results.
• Conduct various personnel actions including, but not limited to, hiring, performance appraisals, promotions, and transfers of management level personnel.
• Provide training, guidance, direction, and developmental opportunities to team to support staff development.
• Ensure employees are aware of and comply with company, government, and customer policies, procedures, and regulations (OSHA, DOT, Homeland Security, etc.) including audits as required.
• Support Emergency Operating Plan (EOP) through various activities including but not limited to own assigned role and team member roles.
• Monitor activities of work team to ensure safe practices are in place and being followed at all times.
• Assist with special projects, benchmarking research, risk assessments, supply chain and/or legal initiatives, and administrative duties.

Education Description

• Bachelor's degree or 10+ years of relevant business experience required

Experience

• Results-oriented, metrics-driven leader with a minimum of 7 years' experience. Previous experience in procurement, warehouse, materials management, audit, finance, business process re-engineering and/or compliance-based roles
• Analytics experience related to evaluation and optimization of business processes.
• Experience in delivering enterprise and organizational cost improvement / transformation strategies / business process re-engineering.
• Knowledge of industry trends, prominent suppliers, industry procurement strategies, SAP, Tableau, etc.
• Ability to prioritize, organize and multitask in a flexible, fast-paced, and challenging environment.
• Prior team leading experience with ability to motivate and support team members to meet objectives effectively.
• Have good problem-solving abilities, be results-oriented, with excellent interpersonal and presentation skills enabling the ability to work well within a multi-disciplinary team located in multiple geographies and to collaborate with various stakeholders.

We want you to know Being a part of the CenterPoint Energy team is more than a career alone. It's an opportunity to make a positive impact. You will be an integral part of enabling everyday life and the pursuit of possibilities for the customers we serve and the communities we share. The vital services we provide are at the core of making our world work, and by sharing your energy with us, we'll create a better tomorrow together. Diversity, Equity and Inclusion CenterPoint Energy is committed to creating an inclusive work environment where business results are achieved through the skills, abilities and talents of our diverse workforce.

At CenterPoint Energy, individuals are respected for their contributions toward our company objectives. We strive for an inclusive work environment across all levels that is reflective of the available workforce in the communities we serve.

What we bring to you

• Competitive pay
• Paid training
• Benefits eligibility begins on your first day
• Transit subsidies
• Flexible work schedule, paid holidays and paid time off
• Access to discounts at fitness clubs and an on-site wellness center at our headquarters in Houston
• Professional growth and development programs including tuition reimbursement
• 401(k) Savings Plan featuring a company match dollar-for-dollar up to 6% and a company contribution of 3% regardless of your contribution

Job Type: Full Time Posting Start Date: 05/07/2024 Posting End Date: 05/17/2024 This contractor and subcontractor shall abide by the requirements of 41 CFR §§ 60-1.4(a), 60-300.5(a), and 60-741.5(a). These regulations prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on their race, color, religion, sex, sexual orientation, gender identity, or national origin. Moreover, these regulations require that covered prime contractors and subcontractors take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status or disability.

Nearest Major Market: Houston