Shelly Shingadia

Chief Procurement Officer & VP, Enterprise Risk, Regulatory Compliance

Washington, DC

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Summary

Shelly Shingadia is an energetic and ethically driven leader of three corporate functions comprised of over 100 global sourcing, enterprise risk management and regulatory compliance experts supporting operations in 20+ countries. Shelly serves as a thought leader tasked with leveraging her diverse background to fix operational issues for the company and is often sought out as a valued member of the C-suite. She is a valuable leader for organizations requiring process and culture redesign, turnaround activities and functions requiring growth beyond current state operations.

As Chief Procurement Officer, Shelly has led the company's global process transformation efforts in redesigning procure-to-pay activities realizing $10M in annual savings targets. She has implemented sourcing tools from the ground up, including the SAP Ariba suite. Shelly is skilled at identifying cost reduction opportunities and implementing purchasing programs that drive efficiencies while simultaneously reducing cost. She is skilled at turning key vendor relationships into strategic partnerships resulting in revenue opportunities.

Her risk management expertise includes implementing a ground-up Enterprise Risk Management (ERM) Program for a $2B corporation, initiating a Third Party Risk program to identify and monitor vendor risk fluctuations, and chairing a Risk Committee to present identified risks and mitigation plans to the Executive Board of the company.

Having run these various departments simultaneously has allowed Shelly the ability to understand the dependencies and interlocking nuances between various operational functions to provide holistic remedies and infrastructures that result in measurable company-wide benefits. Shelly is dedicated to recognizing and retaining global talent in a collaborative environment that transcends geographical borders, breeds trust and fosters respect.

Experience

2016 Mar - 2020 Apr

Chief Procurement Officer & VP, Enterprise Risk Management, Regulatory Compliance

Sutherland Global / Washington, DC

Dynamic leader promoted in each role with progressive oversight and responsibility for the Strategic Sourcing, Enterprise Risk Management and Regulatory Compliance teams at Sutherland Global Services, providing leadership to 100+ employees dedicated to these functions. Serve as the strategic leader of these global programs with teams located in the United States, India, Philippines, Jamaica and Columbia.

• Enterprise Risk Management:

o Responsible for the creation and implementation of the company’s first ERM program, including

creating and continuously reevaluating the corporation’s short- and long-term risk management goals by fostering a collaborative environment for the functional departments to communicate their pain points and recommending mitigation plans

o Implementing the company’s first Risk Management and Anti-Bribery policies Serving as the Chair of Sutherland’s Risk Committee, comprised of representatives from the 12 major corporate functions, and communicating the risks and mitigation plans directly to the Board of Directors

o Administering the company’s insurance program to ensure coverages are designed to cover Sutherland and its employees from internal and external exposures including Professional Liability, Property & Casualty, Errors & Omissions, Cyber, Crime, and Labor

o Implementing streamlined due diligence processes for vetting high-risk third-party agreements, including screening for politically exposed, adverse media and denied/debarred red flags

• Regulatory Compliance:

o Promoted to perform turnaround activities within the Regulatory Compliance department at Sutherland, responsible for ensuring the programs supporting financial services customers adhere and comply with relevant regulatory laws, policies and regulations by:

o Performing a gap analysis of the existing structure and processes verse industry standards. Utilizing these gaps to implement an organizational structure aligned to the requirements

• Strategic Sourcing:

Currently lead the buying strategy and procurement redesign efforts for a $2B technology company with global operations and $350M under spend management by:

o Driving digital solutions for the company’s Procure-to-Pay (P2P) activities by leveraging best in class industry tools including the implementation of Ariba P2P, Ariba Contract Management, Diversity Tracking and D&B Supplier Risk Screening solutions equipping the Sourcing teams with the tools to reduce cost while simultaneously improving the buying experience for our internal stakeholders

o Creating and currently managing the 360 Strategic Partnerships program which evaluates revenue generating opportunities within our existing vendor base resulting in reduced prices for purchasing and increased sales for the company

2008 Jun - 2016 Mar

Finance Leadership Development Program - Multiple Corporate Roles

L-3 Communications / New York

Finance Leadership Development Program

One out of two individuals of 62,000 employees selected to participate in the CFO sponsored program aimed to develop future leaders of the company. Exposed to a variety of high-profileexperiences at the Corporate office presenting process improvements to senior leadership. Traveled to several international and domestic locations to implement corporate programs and ensuring newly acquired businesses were assimilated into the L-3 family of companies.

• Manager, Corporate Procurement

o Designed and administered the Company’s Third-PartyRisk program for domestic and international purchasing activity. Sourced, negotiated and deployed an automated enterprise denied/debarred screening solution to over 100 L-3 business units in 2015, realizing a cost savings of $2M.

o Developed and administered the Corporation’s Conflict Minerals program which entailed training approximately 200 business unit users on completing annual conflict minerals due diligence activities

• Anti-Bribery Compliance (ABC)

o Managed on-site ABC performance reviews designed to assess effectiveness of fraud detection controls and compliance with the US Foreign Corrupt Practices Act and the applicable country laws.

o Developed and assigned division-specific ABC risk ratings by analyzing international sales activity, Corruption Perceptions Index, payments made to third parties, political contributions, and hospitality expenditures

o Performed third-party reputational due diligence for all international agreements

• SOX Compliance

o Created SOX process documentation for existing and newly acquired entities. This included reviewing and updating process narratives and understanding the associated flow charts, risk and control matrices, segregation of duties matrices, and control test plans

o Trained existing and newly acquired businesses on SOX implementation procedures, including the evaluation of transaction population, sample selection and testing of key controls

o Managed special projects by the SVP of Corporate Operations, including evaluation of operational efficiency, profitability and ethical compliance

• International Licensing

o Created the Export/Import audit program and led a team of three employees in executing audits by evaluating export/import activity, contract risk and relationships with international customers and intermediaries

o Created the annual export/import risk assessment process to assess and assign export/import risk to business units. This assessment was used to develop the annual audit plan and provide export statistics to the Audit Committee

• Financial Analyst

o Responsible for significant accounting activities within the monthly, quarterly, and year-end close processes, including trial balance reconciliations and monitoring Balance Sheet account activity. Provided senior management with financial budgeting and detail analysis of Actuals versus Planned and Forecasted budgets

o Performed special projects as assigned by the CFO, including the assessment of cash management on international contracts; internal control review of a newly acquired subsidiaries; performed follow-up testing and monitoring based on the recommendations made

Education

2001 - 2008