Vendor Compliance Specialist
Operations

Vendor Compliance Specialist

Looking to hire your next Vendor Compliance Specialist? Here’s a full job description template to use as a guide.

63000
yearly U.S. wage
25200
yearly with Vintti

* Salaries shown are estimates. Actual savings may be even greater. Please schedule a consultation to receive detailed information tailored to your needs.

About Vintti

Vintti is a dynamic staffing agency bridging the gap between Latin American talent and US-based businesses. We specialize in connecting skilled professionals from Latin America with small and medium-sized businesses, startups, and firms across the United States. Our mission is to provide top-tier staffing solutions that enable US companies to access a diverse pool of talented individuals while offering exciting career opportunities to Latin American professionals. By leveraging our extensive network and deep understanding of both markets, Vintti facilitates mutually beneficial partnerships that drive growth and innovation for our clients and candidates alike.

Description

A Vendor Compliance Specialist plays a crucial role in ensuring that a company's vendors adhere to regulatory requirements and internal policies. This position involves the meticulous review and assessment of vendor operations, contracts, and performance metrics to confirm compliance with industry standards and company expectations. Responsibilities include conducting audits, managing documentation, and facilitating communication between internal teams and vendors. By mitigating risks and resolving compliance issues, the Vendor Compliance Specialist supports the maintenance of high standards and operational integrity within the supply chain.

Requirements

- Bachelor's degree in Business Administration, Supply Chain Management, or related field
- Minimum of 3-5 years of experience in vendor management, compliance, or a related field
- Strong understanding of regulatory compliance and industry standards
- Excellent analytical skills with the ability to interpret complex compliance data
- Proficient in Microsoft Office Suite, particularly Excel, for data analysis and reporting
- Strong communication skills, both written and verbal, for effective interaction with vendors and internal teams
- Detail-oriented with strong organizational skills to manage multiple tasks and deadlines
- Proven ability to conduct thorough compliance audits and risk assessments
- Experience in developing and implementing compliance protocols and procedures
- Ability to provide training and support on compliance standards to vendors and internal staff
- Strong problem-solving skills to address and resolve compliance-related issues
- Familiarity with contract negotiation and the inclusion of compliance clauses
- Ability to maintain accurate and detailed records of compliance activities
- Experience in preparing and presenting detailed compliance reports to management
- Knowledge of maintaining vendor relationships and ensuring sustained compliance
- Capability to stay updated on regulatory changes and requirements through liaising with regulatory bodies
- Competence in recommending and implementing corrective actions for non-compliant vendors
- Proven ability to work collaboratively with cross-functional teams within an organization

Responsabilities

- Review and analyze vendor compliance reports and documentation
- Monitor vendor activities to ensure adherence to company policies and regulations
- Conduct regular audits of vendor processes and performance metrics
- Communicate compliance requirements and updates to vendors
- Resolve compliance-related issues with internal departments
- Maintain accurate records and documentation of compliance activities
- Prepare and present compliance reports to management and stakeholders
- Assist in developing and improving compliance protocols and procedures
- Provide training and support to vendors on compliance standards
- Perform risk assessments to identify potential compliance vulnerabilities
- Investigate and resolve non-compliance incidents with vendors
- Implement corrective actions for vendors not meeting compliance standards
- Evaluate the effectiveness of vendor compliance programs and suggest enhancements
- Liaise with regulatory bodies for compliance requirements and changes
- Support contract negotiations to include compliance clauses
- Track deadlines for compliance-related tasks and deliverables

Ideal Candidate

The ideal candidate for the Vendor Compliance Specialist role is a highly detail-oriented and organized professional with a strong background in vendor management and regulatory compliance. With a Bachelor's degree in Business Administration, Supply Chain Management, or a related field, and 3-5 years of relevant experience, this individual possesses excellent analytical skills to interpret complex compliance data and conduct thorough audits and risk assessments. Proficient in Microsoft Office Suite, particularly Excel, they excel in data analysis and reporting. Their outstanding communication and interpersonal abilities enable effective interaction with vendors and internal teams, ensuring clear communication of compliance requirements and updates. A proactive and self-motivated individual, they demonstrate adaptability to changing regulations and possess the capability to independently manage multiple tasks and deadlines. With a high level of integrity and ethical standards, they handle confidential information with discretion and provide reliable training and support on compliance standards. Their problem-solving skills are robust, enabling them to address and resolve compliance-related issues effectively, while their strategic thinking drives continuous improvement in compliance protocols and procedures. The ideal candidate thrives under pressure, meets tight deadlines, and builds strong relationships with vendors and internal teams, making them an invaluable asset to ensuring sustained vendor compliance and mitigating risks.

On a typical day, you will...

- Review and analyze vendor compliance reports and documentation
- Monitor ongoing vendor activities to ensure adherence to company policies and regulations
- Conduct regular audits of vendor processes and performance metrics
- Communicate compliance requirements and updates to vendors
- Coordinate with internal departments to resolve compliance-related issues
- Maintain accurate records and documentation of compliance activities and findings
- Prepare and present compliance reports to management and stakeholders
- Assist in the development and improvement of compliance protocols and procedures
- Provide training and support to vendors on compliance standards
- Perform risk assessments to identify potential compliance vulnerabilities
- Investigate and resolve any non-compliance incidents with vendors
- Implement corrective actions for vendors not meeting compliance standards
- Evaluate the effectiveness of vendor compliance programs and suggest enhancements
- Liaise with regulatory bodies to stay informed of compliance requirements and changes
- Support contract negotiations to ensure compliance clauses are included
- Track deadlines for compliance-related tasks and deliverables

What we are looking for

- Detail-oriented and highly organized
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal abilities
- Self-motivated and proactive
- Adaptable to change and regulatory updates
- Ability to work independently and as part of a team
- High level of integrity and ethical standards
- Strong time management skills with the ability to prioritize tasks
- Ability to handle confidential information with discretion
- Strategic thinker with a continuous improvement mindset
- Strong relationship-building skills with vendors and internal teams
- Ability to handle pressure and meet tight deadlines
- Proactive in identifying and mitigating compliance risks
- Collaborative and able to work jointly with multiple departments
- Keen interest in staying updated with industry regulations and standards

What you can expect (benefits)

- Competitive salary range: $60,000 - $80,000 annually based on experience
- Comprehensive health, dental, and vision insurance
- 401(k) retirement plan with company match
- Generous paid time off (PTO) and holiday schedule
- Flexible working hours and remote work options
- Professional development and continuous learning opportunities
- Tuition reimbursement program
- Employee wellness programs and resources
- Life and disability insurance
- Employee assistance program (EAP)
- Opportunities for career growth and advancement
- Collaborative and inclusive work environment
- On-site fitness center and wellness activities (if applicable)
- Company-sponsored social and networking events
- Access to industry conferences and seminars
- Performance-based bonuses and incentives

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