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About the Role

We are looking for a Senior Associate – Vendor Compliance & Risk Management to support vendor due diligence process at PFC. The role will ensure vendors meet required statutory, financial, operational, and organizational standards while identifying potential risks and coordinating with internal teams and external agencies for timely resolution.

Key Responsibilities

1. Vendor Due Diligence & Onboarding

- Conduct comprehensive checks on vendors before onboarding, including:

- Business registration and statutory documents

- GST and PAN validation

- Company ownership and beneficial ownership

- Bank account and financial information

- Business address and operational existence

- Relevant licenses and certifications

- Coordinate with external background verification and due diligence agencies where required.

- Conduct background checks and assess the credibility and track record of prospective vendors.

- Ensure all mandatory documents are collected, verified, approved, and maintained before vendor activation.

2. Vendor Risk Assessment

- Develop a systematic vendor risk assessment framework based on factors such as financial stability, compliance history, operational capability, documentation, reputation, and business criticality.

- Flag high-risk vendors to relevant stakeholders

3. Vendor Compliance Management

- Monitor compliance with vendor agreements, terms and conditions, contractual requirements, and organizational policies.

- Develop and maintain vendor compliance policies and standard operating procedures.

- Maintain a centralized and up-to-date vendor compliance database.

4. Vendor Audits & Verification

- Plan and conduct periodic vendor audits and compliance reviews.

- Document audit findings and track corrective and preventive actions.

9. Cross-functional Collaboration

- Work closely with:

- Procurement

- Finance

- Legal

- Operations

- Marketplace / Business Teams

- Supply Chain

- Leadership





- Ensure vendor-related decisions are aligned with organizational risk appetite and business requirements.

- Act as the central point of coordination for vendor compliance and risk-related matters.

Key Deliverables / KPIs

Success in this role will be measured through:

- Percentage of vendors completing due diligence before onboarding.

- Vendor documentation compliance rate.

- Reduction in high-risk or non-compliant vendors.

- Timely completion of vendor audits and reviews.

- Timely closure of vendor corrective actions.

- Implementation and adoption of standardized vendor onboarding processes.

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Requirements

- Bachelor's degree in Business Administration, Commerce, Finance, Supply Chain, Procurement, Operations, or a related field.

- 3-5 years of relevant experience in vendor management, procurement, compliance, risk management, supply chain, audit, or related functions.

- Experience in vendor onboarding and due diligence.

- Experience in conducting or coordinating vendor audits and background verification.

- Understanding of GST, statutory documentation, business registrations, and basic financial due diligence.

- Strong analytical and documentation skills.

- Experience working with multiple internal stakeholders and external vendors.

- Willingness to travel for vendor/site verification when required.

Advantages

We offer a competitive and comprehensive benefits package designed to support our employees’ well-being and growth, including an attractive salary, Provident Fund (PF) for financial security, performance-based incentives, comprehensive health and accidental insurance coverage, and strong career growth opportunities. Employees benefit from continuous learning and development through training programs, a healthy work-life balance with flexible policies, and generous paid time off including leave and holidays. Additionally, we provide employee engagement activities, recognition programs to reward achievements, and access to wellness and support initiatives, ensuring a positive and rewarding work environment.

📌 Senior Associate Vendor Compliance & Risk Management (Bengaluru)
🏢 Important Business
📍 Bengaluru