Procurement Risk and Compliance Senior Analyst

As a leading global energy company, we provide heat, light and mobility to customers worldwide. Across the bp landscape, we’re home to a range of brands across many areas of our industry.  We’re investing in today’s energy system and helping build out tomorrow’s. So while we’re still in oil and gas, over the next decade we’ll become a different kind of energy company. We’re decarbonizing and diversifying our business, fundamentally transforming what we do so we can reach net zero by 2050 or sooner. We also have a strong mission to help the whole world reach net zero too – working across our industry to improve people’s lives.

It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of finance business & technology (FBT), you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues on strategic projects that stretch across the globe. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself and grow a long-term career at FBT Malaysia. And no matter where you work, your role will have meaning, purpose and impact. So if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you.

Join our Finance team and advance your career as a Procurement Risk and Compliance Senior Analyst.

Role Synopsis

The Procurement S2C Senior Risk & Compliance Analyst is accountable for the execution of risk management program activities, carrying out control monitoring and control critical metric reporting for the assigned FBT Procurement S2C sub-tower. The role also has responsibility for conducting risk assurance activities.

Key Accountabilities

Service Delivery:

Responsible to maintain the risk register for the assigned FBT Procurement S2C sub-tower and provide input to RMR (Risk Management Reports) for the Source-to-pay process in accordance with BP Control Framework

Support the annual review of Procurement S2C Control Framework to reflect the changes of requirements.

Update the Procurement S2C control set of the sub-tower according to the evolving external and internal business environment.

Evaluate the adequacy of Control critical metrics and provide regular report to the Procurement S2C management at sub-tower level

Assess procurement S2C controls regarding completeness, consistency, cost-efficiency, effectiveness, in accordance with BP Group’s requirements and regulations

Provide assurance to the BP Group’s minimum control requirements for the sub-tower’s operation teams

Provide technical expertise to the bp FBT Procurement S2C leadership team to facilitate risk-based decisions on mitigation actions on gaps and oversight of functional level risk management.

Carrying out control monitoring activity / testing in line recent risk assessment and closed key incident or SoX gaps.

Validate the adequacy of the incidents RCA and the improvement measures recommended

Follow-up the open Group audit actions of the sub-tower

Maintain the risk profile of the subtower in BP RAT (Risk and Assurance tool) as a Risk Champion

Assure the compliance to internal regulations within Procurement S2C by performing regular and ad-hoc testing activities (thereby support the Segment / FBT Internal Control Team)

Carry out complex audit investigations upon the request of FBT Procurement S2C LT

Monitor fraud related trends and revise the Procurement Control set and modify the risk register accordingly

Support coordination of Procurement related external and internal audits

Support regular review of process compliance for FBT Procurement S2C Tower

Perform validation of CDD compliance for indirect procurement activities, which category is owned by FBT Procurement S2C

Support forensic investigations / Segment control reviews / Commercial audits

Support the investigation and resolution of the potential fraud alerts from FBT Fraud prevention tool at sub-tower level

Change Management:

Support MoC by adopting and effectively delivering in line with process changes

Relationships

This role is responsible for embedding Risk and Compliance awareness and conformance across FBT Procurement S2C sub-teams.

Work in collaboration with Business Integrity in support of FBT Procurement S2C related investigations as well as monitoring activities.

Work together with other organizational line of defense (i.e. Compliance, Internal Audit, Legal, etc.).

People Management: N/A

Continuos improvement:

Constantly scans for improvement opportunities and implements transformative solutions that solve our most challenging and complex problems

Support Squads to implement timely and innovative improvements in existing processes delivering better value and experience

Continuously seek for CI and C&C opportunities to reduce risks in the Source-to-Pay process

HSSE

Align with all BPs Health, Safety, Security and Environment (HSSE) policies and procedures and all HSSE directions of line manager or HSSE Manager.

Participate in HSSE training and discussions, workplace inspections and audits, assist in the resolution of Health & Safety issues, and contribute to successful implementation of HSSE programmes and initiatives.

Essential Experience and Job Requirements:

University Degree or equivalent experience in Economics, Business Administration, Procurement S2C or other relevant field. Supply Chain /Sourcing/Logistics management is preferred.

Broad Source-to-pay knowledge

Technical controls and risk expertise as a qualified accountant (eg. FCMA/ACA/ ACCA/CIA/CPA) or a controller/internal control analyst

Minimum 4-5 years of experience in Procurement S2C, Accounts Payable or P2P function, preferably in a multinational environment, mainly in a senior level position

Relevant sourcing and procurement knowledge, accounts payable experience in multinational company including P2P control and compliance activities

Relevant previous experience in supporting continuous improvement position with similar accountabilities.

Relevant previous experience in a leadership and supporting continuous improvement position with similar accountabilities.

Solid experience purchasing and ERP systems: SAP FI, MM. SAP SRM or ARIBA knowledge is a definite advantage .Oracle ERP experience is an advantage

Strong and proven relationship management skills.

Strong and Decisive decision making skills

Good time management and organisation skills

Active professional English language knowledge is a must

Experience in complex and system orientated environments is essential

Fluent in English

Excellent written/oral communication skills

Demonstrated process thinking and experience with a strong focus on continuous improvement

High Level of IT proficiency in Microsoft packages

Highly motivated and ambitious to deliver value to end customers and business both operationally and financially

A reasonable level of Critical thinking and how to convert into tangible operating actions is desirable

Experience in continuous improvement tools and techniques such as Kaizen, Lean or Six-Sigma, 5Whys, 7-step

Data mining skills

Power BI expertise is advantageous.

Registered accountant certificate

Experience in Account Reconciliation is also desirable

Internal control / Auditor approach

At bp, we provide the following environment and benefits to you:

A company culture where we respect our diverse and unified teams, where we are proud of our achievements and where fun and the attitude of giving back to our environment are highly valued

Possibility to join our social communities and networks

Learning opportunities and other development opportunities to craft your career path

Life and health insurance, medical care package

And many other benefits.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.