Sourcing Compliance Specialist (Senior and Level II)

About this role

Woodward is committed to creating a great workplace for all team members. Our company and its members are committed to acting with integrity, being respectful and accountable to one another, and staying humble and driven, while maintaining the highest professional and ethical standards.

We are steadfastly committed to attracting the best talent across our communities creating a rewarding workplace. Together we are fulfilling our purpose to design and deliver energy control solutions our partners count on to power a clean future.

Woodward supports our members’ wellbeing and regularly benchmarks with other companies in our industry to offer an extensive Total Reward package for this position. Salary will be determined by the applicant's education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data. 

Estimated annual base pay: Sr Sourcing Compliance Specialist: $85,000(minimum) - $110,000(midpoint) - $136,000(maximum) Sourcing Compliance Specialist II: $72,000(minimum) - $93,000(midpoint) - $115,000(maximum)

All levels are eligible for the following: • All members included in annual cash bonus opportunity. 

• 401(k) match (4.5%)

• Annual Woodward stock contribution (5%)

• Tuition reimbursement and Training/Professional Development opportunities for all members  

• 12 paid holidays, including floating holidays.  

• Industry leading medical, dental, and vision Insurance upon date of hire

• Vacation / Sick Time / Vacation Buy-up / Short Term Disability / Bereavement leave.  

• Paid parental leave.

• Adoption Assistance   

• Employee Assistance Program, including mental health benefits.  

• Member Life & AD&D / Long Term Disability / Member Optional Life  

• Member referral bonus  

• Spouse / Child Optional Life / Optional AD&D / Healthcare and Dependent Care Flexible Spending  

• Voluntary benefits, including:   

• Home / Auto Insurance discounts  

• Whole Life Insurance / Critical Illness Insurance / Legal Assistance / Military Leave  

Sr Sourcing Compliance Specialist Key Responsibilities: • Develop and implement procurement compliance programs and initiatives: Moving beyond basic implementation, takes a more active role in designing and establishing the framework for compliance. This includes creating new policies, procedures, and tools to ensure adherence to regulations and internal guidelines.

• Conducting internal audits and risk assessments of procurement processes: This involves proactively evaluating procurement activities to identify potential areas of non-compliance and assess the associated risks. This often includes analyzing data, reviewing documentation, and interviewing stakeholders to ensure processes are sound and compliant.

• Complete government Purchase Order compliance reviews to support maintaining of an approved purchasing system and complete DCMA Small Business 640 reviews to maintain an acceptable government rating.

• Managing and monitoring vendor compliance: The Sr. Compliance Specialist takes ownership of ensuring that external vendors and suppliers also adhere to relevant regulations and the organization's compliance requirements. This can involve due diligence processes, contract reviews, and ongoing monitoring of vendor activities

• Investigating potential compliance violations and recommending corrective actions: When potential breaches of compliance are identified, the Sr. Compliance specialist plays a key role in investigating the issues, determining the root cause, and recommending appropriate solutions to prevent future occurrences

• Providing guidance and training to procurement staff and stakeholders on compliance matters: This involves acting as a subject matter expert, offering advice and support on complex compliance questions, and developing and delivering training programs to enhance compliance awareness and understanding across the organization.

• Other duties as assigned.

Key Skills: • Advanced Knowledge of Procurement/Small Business/Government Property Principles and Regulations: A more comprehensive understanding of the legal and regulatory landscape impacting procurement/small business/government property.

• May develop and implement compliance programs: Ability to design, implement, and manage effective compliance policies, procedures, and monitoring systems

• Auditing and Risk Assessment Expertise: Proficiency in conducting internal audits of procurement processes, identifying potential risks, and developing mitigation strategies

• Vendor Management and Due Diligence Skills: Ability to assess vendor compliance, conducting due diligence, and managing compliance-related aspects of vendor relationships

• Investigation and Remediation Skills: Ability to investigate potential compliance violations, analyze findings, and recommend and implement corrective actions

• Training and Presentation Skills: The capacity to develop and deliver effective compliance training programs to diverse audiences within the organization

• Stakeholder Management and Communication: Strong interpersonal skills to effectively communicate with and influence various stakeholders, including procurement teams, legal counsel, and senior management

• Advanced Data Analysis and Reporting Skills: Advanced ability to analyze procurement/small business/government property data to identify compliance trends, generate reports, and provide insights to improve compliance efforts.

• Project Management Skills: The capacity to manage compliance-related projects, such as implementing new policies or conducting risk assessments, effectively and efficiently

• Problem-Solving and Escalation Skills: The ability to identify basic compliance issues and know when and how to escalate more complex problems to senior staff

Sourcing Compliance Specialist II Key Responsibilities: • Implement procurement/small business/government property policies and procedures: This involves learning and helping to put into practic

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