Tony Cowan Jr.
Atlanta,GA
Summary
Dynamic and results-driven professional with a proven track record in Third Party Risk Management and Supply Chain Management. Armed with a comprehensive understanding of risk assessment, vendor relations, and end-to-end supply chain optimization, I bring strategic insights to mitigate risks and enhance operational efficiency. With a robust background in developing and implementing governance frameworks, I excel in driving compliance with regulatory requirements and ensuring seamless collaboration across diverse stakeholders. My proficiency extends to contract negotiations, procurement strategies, and strategic sourcing, contributing to cost-effective solutions and supplier relationship excellence. Adept at leveraging technology, such as SAP and Oracle, to streamline processes and enhance visibility, I am committed to fostering resilient and secure supply chains. Seeking to bring my expertise to a forward-thinking organization to navigate the complexities of third-party relationships and elevate supply chain performance.
Overview
7
7
years of professional experience
Work History
Third Party Risk Senior Analyst
Intercontinental Exchange
Current - Current
- Developed, implemented, and governed the Third Party Risk Management (TPRM) organization's Program Governance and Quality Assurance functions
- Established standard, repeatable processes for generating risk-based reporting and analytics
- Acted as administrator for systems, tools, and data providers supporting TPRM, both internal and external
- Ensured compliance with TPRM program policy and standards while maintaining high-quality standards
- Provided guidance and assistance in ongoing training and awareness activities across the enterprise
- Supported and assisted with all internal and external audit/exam-related inquiries
- Generated on-time, accurate, insight-driven reporting to all levels of the organization
- Ensured data validation and quality assurance processes were in place for continuous validation
- Performed root cause and trend analysis to identify key risk indicators and improvement opportunities
- Developed complex data models to synthesize data and support fact-based, objective decision-making processes
- Managed day-to-day applications, tools, including tracking and managing outages, upgrades, and maintenance
- Assisted in the design and management of systems based on priority
- Acted as the relationship owner of third-party providers used by TPRM
- Designed and performed quality assurance to ensure all controls were in place and working accordingly
- Gathered, reviewed, and approved all documentation/evidence prior to sharing for audit purposes
- Conducted periodic reviews and updates of program documents and standard responses/evidence provided to clients and regulators
- Presented onsite client/regulatory audits
- Ensured training manuals and playbooks were reviewed and updated at least annually
- Coordinated and performed 'Lunch and Learn' sessions to offer continuous education around new TPRM processes or emerging risks
- Performed other related duties as assigned
- May require occasional domestic travel as needed.
Contract Administrator | Procurement Specialist | Negotiation Expert
Auburn University
08.2021 - 08.2022
- Managed the end-to-end award management process, ensuring meticulous compliance with funding requirements and achieving an outstanding 98% on-time deliverable submission rate
- Facilitated the acquisition, management, and reporting of sponsor-funded equipment and materials, demonstrating a keen eye for detail
- Redlined and renegotiated contracts for improved terms, enhancing overall contract effectiveness
- Oversee the entire lifecycle of contracts, from initiation and negotiation to execution and closeout
- Ensure contracts are in compliance with legal and organizational requirements
- Maintain a centralized repository for all contracts, keeping them organized and easily accessible
- Engage in negotiations with suppliers, vendors, or partners to establish favorable terms and conditions
- Redline contracts to identify and address any discrepancies or areas of concern, ensuring clarity and alignment with business objectives
- Monitor and ensure compliance with contractual obligations, terms, and conditions
- Stay informed about relevant laws and regulations that may impact contracts
- Identify and assess potential risks associated with contracts
- Develop strategies to mitigate risks and protect the organization's interests
- Review contracts thoroughly to identify potential issues or areas of improvement
- Collaborate with legal and other relevant departments to ensure contracts meet legal and regulatory standards
- Communicate with vendors, stakeholders, and internal teams regarding contract terms, changes, and updates
- Address queries and concerns related to contracts in a timely and efficient manner
- Prepare necessary documents, including contract summaries, amendments, and addendums
- Ensure accurate and clear documentation of all contract-related information
- Monitor the performance of parties involved in the contract to ensure adherence to agreed-upon terms
- Evaluate and report on vendor or contractor performance
- Handle and resolve disputes that may arise during the course of the contract
- Work towards amicable solutions and, if necessary, engage in formal dispute resolution processes
- Evaluate and improve contract management processes and procedures
- Identify opportunities for efficiency and effectiveness enhancements
- Provide training and guidance to internal teams on contract-related matters
- Keep stakeholders informed about best practices and changes in contract management processes
- Work with finance teams to ensure that contracts align with budgetary constraints and financial goals.
Purchasing Specialist/Buyer | Supply Chain Management Professional
Hyundai Motor Manufacturing Alabama
05.2018 - 07.2021
- Streamlined the supplier selection and negotiation process, resulting in a noteworthy 20% reduction in procurement costs and significant improvements in supplier performance and reliability
- Managed contracts for summer and winter shutdown projects with contractors and subcontractors, showcasing adept project management skills
- Successfully procured computers, software, and licenses for the entire plant, including the newly opened assembly plant, saving over two million dollars
- Issued 200+ weekly purchase orders using SAP for consistent supplies and equipment repairs.
SAP Intern | Process Optimization Specialist
Mercedes-Benz U.S. International
05.2017 - 09.2017
- Selected to manage the fast-paced inbound dock of the warehouse, gaining valuable experience in AMS/SAP
- Directed and executed the seamless rollout of the SAP system at MBUSI, optimizing workflow processes and achieving a substantial 30% decrease in inventory holding costs
- Optimized inbound dock flow through process re-engineering and automation, resulting in the most efficient operations of the entire warehouse
- Acknowledged by management for significant cost reduction and increased productivity by an impressive 40%.
Education
Master of Arts in Global Business Management -
University of Alabama
Tuscaloosa, Alabama05.2021
Bachelor of Science in Supply Chain Management -
Auburn University
Auburn, Alabama05.2018
Bachelor of Science in Finance -
Auburn University
Auburn, Alabama05.2018
Skills
- Contract Administration
- Negotiation
- Procurement
- Risk Management
- SAP
- Oracle Procurement
- Project Management
- Vendor Management
- ServiceNow
Websites
Accomplishments
- Successfully implemented robust TPRM Program Governance and Quality Assurance functions.
- Established standardized processes for risk-based reporting, enhancing organizational insight.
- Effectively managed third-party provider relationships, ensuring compliance with TPRM standards.
- Managed the end-to-end award management process, achieving a 98% on-time deliverable submission rate.
- Streamlined supplier selection and negotiation processes, resulting in a 20% reduction in procurement costs and improved supplier performance.
Timeline
Third Party Risk Senior Analyst
Intercontinental Exchange
Current - Current
Contract Administrator | Procurement Specialist | Negotiation Expert
Auburn University
08.2021 - 08.2022
Purchasing Specialist/Buyer | Supply Chain Management Professional
Hyundai Motor Manufacturing Alabama
05.2018 - 07.2021
SAP Intern | Process Optimization Specialist
Mercedes-Benz U.S. International
05.2017 - 09.2017
Master of Arts in Global Business Management -
University of Alabama
Bachelor of Science in Supply Chain Management -
Auburn University
Bachelor of Science in Finance -
Auburn University
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