Procurement Risk and Compliance Lead

Welcome to BP, a global leader in the energy industry. We are currently seeking a driven and detail-oriented individual to join our team as a Procurement Risk and Compliance Lead. In this role, you will be responsible for managing the risk and compliance processes within our procurement function, ensuring that our sourcing and contracting activities adhere to all relevant regulations and standards. We are looking for someone with a strong background in procurement, risk management, and compliance, who is passionate about driving operational excellence and mitigating potential risks. If you are a proactive problem-solver with a keen eye for detail, we encourage you to apply for this exciting opportunity with BP.

1. Develop and implement risk management strategies and procedures for the procurement function
2. Monitor and assess potential risks associated with sourcing and contracting activities
3. Ensure compliance with all relevant laws, regulations, and industry standards in the procurement process
4. Collaborate with cross-functional teams to identify and mitigate potential risks in the supply chain
5. Conduct regular audits and assessments to ensure adherence to compliance standards
6. Maintain accurate records and documentation related to procurement risk and compliance activities
7. Develop and deliver training programs to educate procurement team members on risk and compliance requirements
8. Stay updated on industry developments and changes in regulations to proactively address potential risks
9. Communicate and collaborate with external stakeholders, such as suppliers and regulatory agencies, to ensure compliance and address any issues that may arise
10. Provide timely and accurate reporting on risk and compliance metrics to senior management
11. Identify opportunities for process improvements to enhance risk management and compliance efforts
12. Lead and mentor a team of risk and compliance professionals within the procurement function
13. Serve as a subject matter expert on procurement risk and compliance matters for the organization.

According to JobzMall, the average salary range for a Procurement Risk and Compliance Lead in Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia is between RM 8,000 to RM 12,000 per month. This equates to approximately $1,900 to $2,900 USD per month. However, this salary range may vary depending on the specific company, industry, and level of experience of the individual. Additionally, factors such as bonuses, benefits, and location may also impact the overall salary for this role.

BP Plc is an integrated oil and gas company that provides customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. It operates through two segments: Upstream and Downstream. The Upstream segment markets and trades natural gas, including liquefied natural gas, power and natural gas liquids and is responsible for its activities in oil and natural gas exploration, field development and production, and midstream transportation, storage and processing. The Downstream segment is responsible for the refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers.