Risk Conformity and Compliance Lead

Job title: Risk Conformity and Compliance Lead

• Location: Hyderabad

About the job

Sanofi is an innovative global healthcare company headquartered in Paris, France with one purpose: Chase the miracles of science to improve people’s lives. We are dedicated to making a positive impact on the lives of the patients and families we serve, and we accomplish our goals through world-class research and with the compassion and commitment of our employees. The company is focused on accelerating development to deliver breakthrough medicines and vaccines to patients, delivering excellence though Diversity. Sanofi operates in 90 countries with 91 000 employees worldwide, working in 59 manufacturing and 20 Research & Development (R&D) sites. In 2022 business net income was €10.3 Billion, delivered by 4 Global Business Units: Specialty care, Consumer Healthcare, Vaccines & General Medicines. Sanofi covers major therapeutic areas, including immunology, cardiovascular, diabetes, oncology, rare diseases, etc.  

Within Sanofi, the Procurement function is a powerhouse maximizing savings to fund the company’s future growth. The Chief Procurement Officer is reporting to the Chief Financial Officer, member of the Sanofi executive committee. The Procurement organization is divided into five Domains (Manufacturing & Supply, Marketing & Sales, Professional Services, Scientific & Medical and Digital) leveraging Global Procurement Operations and the Procurement Centre of Excellence & Transformation.  The yearly spend coverage is around 15B€ with a special focus on Procurement excellence, Supplier Diversity and Sustainability. Closely collaborating with Finance, Business Operations and Business Units, Procurement is instrumental in achieving cost efficiency and savings. Procurement plays a critical role in optimizing Business Operational Impact with a focus on driving simplification, efficiency, and productivity. It forges strategic partnerships with suppliers, prioritizing innovation and data driven solutions. 

As the global Risk conformity and Compliance Lead, you will play a crucial role in driving our global procurement Risk strategy, ensuring compliance with government rules and regulations related to human rights, labour, corporate social responsibility, and the procurement risk framework. You will collaborate closely with various departments and procurement domains to manage the onboarding and continuous assessment of suppliers with respect to the risk parameters and guidelines.

Main responsibilities:

• Procurement Risk Governance Management & Implementation: Develop and design risk management policy, procedures, and tools to monitor and mitigate procurement risks effectively with respect to CSRD, CS3D.

• Lead the workshop and stakeholder meetings to get alignment on the CSRD and CS3D strategy based on the Gap assessment of Twentyfifty. This is a two-year full-time project with a brand-new strategy to be developed to address the gaps like grievance mechanism, narratives, communication, training etc.

• Lead and maintain relationship with Human Rights, Risk labour expert in the CSR function to keep alignment on the strategy. Lead and maintain the annual Conflict mineral process to complete the declaration timely for the SEC filing.

• Manage the annual Living wage KPI and ensure supplier code of conduct and contracts have the appropriate language to address SANOFI’s commitment to Living wage in line with the UN commitment. Manage the year end Chapter 3 filing with appropriate narratives.

• Liaison with HSE for risk profile of the high-risk suppliers and ensure collaboration with procurement buyers to put a CAPA and mitigation plan in place. Liaison with procurement services team to ensure metrics and KPIs are defined on time and distributed on a schedule.

• Lead and run the Procurement Risk Council on a monthly basis. Conduct comprehensive risk assessments of suppliers and procurement activities to identify potential risks and vulnerabilities.

• Collaborate with cross-functional teams including Procurement, Supply Chain, Quality Assurance, Legal, and Compliance to ensure alignment of risk management efforts with business objectives. Serve as a subject matter expert on procurement risk management matters, providing guidance and support to internal stakeholders as needed.

• Foster a culture of risk awareness and compliance within the organization through training, communication, and awareness campaigns. Ensure regular follow-up of Internal Audit and Internal Control action plans.

• Evaluate and improve the supplier risk program policies and processes to ensure compliance with new regulations such as EU supply chain due diligence and Corporate Sustainability Reporting Directive

• Drive Compliance thru data and metrics:Establish key performance indicators (KPIs) and metrics to measure the effectiveness of risk management initiatives and ensure consistent reporting. Implement continuous improvement initiatives to enhance the efficiency and effectiveness of procurement risk management processes. Stay informed about industry trends, regulatory requirements, and best practices in procurement risk management to ensure compliance and adaptability to changing environments.

About you:

• Experience: At least 8-10 years proven experience in Risk Management and/or procurement, supply chain management, within the pharmaceutical or healthcare industry. Solid understanding of regulatory requirements and industry standards related to procurement and supply chain management. Proven ability to manage multiple projects simultaneously and deliver results within established timelines. Experience with conducting general Financial Audit and/or specific supplier audits, assessments, or evaluations, knowledge of pharmacovigilance, drug safety, or regulatory compliance requirements, experience with contract negotiation and management is preferred.

• Soft skills & Technical skills: Core skills: ABDD, Financial risk, HSE, Cyber. Platforms – Resilinc, Coupa. Strong understanding of procurement processes, supplier relationship management, and supply chain risk management principles. Excellent analytical skills with the ability to identify, assess, and prioritize risks effectively. Excellent communication, interpersonal, and influencing skills with the ability to collaborate effectively across different levels of the organization. Strong attention to detail and ability to work independently with minimal supervision.

• Education: Master’s degree in business administration/engineering degree: in Supply Chain Management, Finance, or related field

• Language:  Fluent in English is a must 

Why Choose us?

• Bring the miracles of science to life alongside a supportive, future-focused team.

• Discover endless opportunities to grow your talent and drive your career, whether it’s through a promotion or lateral move, at home or internationally.

• Enjoy a thoughtful, well-crafted rewards package that recognizes your contribution and amplifies your impact.

• Take good care of yourself and your family, with a wide range of health and wellbeing benefits including high-quality healthcare, prevention, and wellness programs and at least 14 weeks’ gender-neutral parental leave.