Director, Governance, Risk Management & Compliance (GRC)
Otsuka Pharmaceutical Co., Princeton, New Jersey, us, 08540
Job Summary
The Director of Governance, Risk Management, and Compliance (GRC) at Otsuka America Pharmaceutical, Inc. and Otsuka Pharmaceutical Development and Commercialization (OAPI/OPDC) plays a pivotal role in shaping and safeguarding the Company’s compliance and risk management strategies. As a pillar of our US Ethics and Compliance program, GRC is essential in promoting a culture of integrity and accountability across the organization. This position is integral to aligning the OAPI/OPDC’s risk posture with its strategic goals and objectives and ensuring that ethical considerations are embedded in all business operations.
In this leadership role, the Director of GRC will spearhead the annual enterprise risk management (ERM) assessment specifically for OAPI/OPDC, as affiliates of Otsuka America, Inc. (OAI). This position involves crafting and delivering strategic risk insights to executive leadership and the GRC steering committees, ensuring coordination with regional and global partners. The role will ensure that the Company's risk framework is current and robust, effectively mitigating risks to an appropriate level. The ideal candidate will demonstrate exceptional leadership, possess deep expertise in corporate compliance and enforcement risk within the pharmaceutical industry, and excel in cross-functional communication to drive and align organizational objectives.
Additionally, the Director of GRC will lead the team responsible for systems and processes required to meet state, federal and ex-US financial transparency (Sunshine) requirements, including but not limited to data analytics platforms.
As the Director of GRC, the role will lead a dedicated team of three or more full-time employees, ensuring the successful execution of key deliverables while fostering an environment of professional growth and development within the organization. This role is crucial in promoting a culture of accountability and continuous improvement, ultimately driving the company's sustainable growth and success.
Job Description Enhancing GRC Operations with the Executive Director:
Collaborate closely with the Executive Director of Governance, Risk Management, and Compliance (GRC) to improve the GRC program. This involves developing strategies to identify, evaluate, and address potential risks proactively. The Director of GRC ensures clear communication of risk and compliance information throughout the organization, fostering transparency and accountability. By aligning risk management efforts with the company's goals, this role is crucial in maintaining the company's integrity and supporting its growth.
Leading the GRC Functional Steering Committee:
Organize and lead monthly meetings with the GRC Functional Steering Committee (FSC), a group of leaders from various departments. These meetings focus on discussing and aligning the objectives, vision, strategy, and direction of the GRC program. This ensures strategic alignment and effective communication across the organization.
Handling GRC Risk and Issue Escalations:
Serve as the primary contact for any GRC-related risks or issues. Coordinate with teams from different departments to assess these risks or issues and present findings to executive leaders for decision-making. The Director is responsible for ensuring that any risk mitigation strategies approved by executive leadership are implemented and monitored.
Establishes and Oversees the Enterprise Risk Management (ERM) Framework:
Leads the development and implementation of the ERM architecture for the organization. Monitors and analyzes risks across business units, providing detailed reports and strategic advice to executive leadership on risk mitigation strategies to ensure risks remain within acceptable levels.
Aligns Risk Management with Organizational Goals:
Ensures the ERM framework effectively balances organizational risks with the company’s risk appetite, thereby protecting and enhancing the achievement of strategic objectives.
Prepares Executive Reports:
Prepares and finalizes comprehensive reports for the ESC and FSC meetings, summarizing areas of non-compliance and risks identified through Governance, Risk Management, and Compliance activities.
Directs Compliance with Aggregate Spend Reporting:
Lead the team responsible for systems and processes required to meet state, federal and ex-US financial transparency (Sunshine) requirements, including but not limited to data analytics platforms. Continuously improves and optimizes data analytics capabilities and efficiencies within the Financial Transparency Program to support compliance and strategic decision-making.
Develops and Reviews Technical Documentation:
Assists in the review, editing, and development of technical documents, including playbooks, standard operating procedures (SOPs), work instructions, data summaries, and transactional review reports.
Leads and Develops a Team:
Guides and mentors a team of three or more full-time employees, ensuring high-quality work output and fostering an environment of professional growth and development within the organization.
Qualifications Required BS/BA degree ·
Minimum 10 years of experience in corporate compliance or risk management
Deep expertise in the pharmaceutical industry's enforcement risk landscape
Strong knowledge of enterprise risk management frameworks and compliance requirements
Knowledge of US Aggregate Spend reporting
Excellent interpersonal, communication skills and ability to work in cross-functional teams
Ability to work with large amounts of data and data reporting applications
Ability to lead a team and oversee competing priorities and tasks
Strong understanding of the foundational requirements needed to build and ensure a culture of integrity
Good understanding of the complexities of managing external service providers
Awareness of new developments and trends in the industry
Strong issue spotting, problem solving and project management skills
Ability to accomplish objectives through influence in a matrix organization
Strong computer skills with Word, Excel, PowerPoint, and Outlook
Up to 15% travel based upon business needs
Preferred CPA, CFE, and/or CIA certification
MS, MBA, or JD
Disclaimer This job description is intended to describe the general nature and level of the work being performed by the people assigned to this position. It is not intended to include every job duty and responsibility specific to the position. Otsuka reserves the right to amend and change responsibilities to meet business and organizational needs as necessary. Otsuka is an equal opportunity employer. All qualified applicants are encouraged to apply and will receive consideration for employment without regard to their protected veteran or disabled status, or any protected status.
In this leadership role, the Director of GRC will spearhead the annual enterprise risk management (ERM) assessment specifically for OAPI/OPDC, as affiliates of Otsuka America, Inc. (OAI). This position involves crafting and delivering strategic risk insights to executive leadership and the GRC steering committees, ensuring coordination with regional and global partners. The role will ensure that the Company's risk framework is current and robust, effectively mitigating risks to an appropriate level. The ideal candidate will demonstrate exceptional leadership, possess deep expertise in corporate compliance and enforcement risk within the pharmaceutical industry, and excel in cross-functional communication to drive and align organizational objectives.
Additionally, the Director of GRC will lead the team responsible for systems and processes required to meet state, federal and ex-US financial transparency (Sunshine) requirements, including but not limited to data analytics platforms.
As the Director of GRC, the role will lead a dedicated team of three or more full-time employees, ensuring the successful execution of key deliverables while fostering an environment of professional growth and development within the organization. This role is crucial in promoting a culture of accountability and continuous improvement, ultimately driving the company's sustainable growth and success.
Job Description Enhancing GRC Operations with the Executive Director:
Collaborate closely with the Executive Director of Governance, Risk Management, and Compliance (GRC) to improve the GRC program. This involves developing strategies to identify, evaluate, and address potential risks proactively. The Director of GRC ensures clear communication of risk and compliance information throughout the organization, fostering transparency and accountability. By aligning risk management efforts with the company's goals, this role is crucial in maintaining the company's integrity and supporting its growth.
Leading the GRC Functional Steering Committee:
Organize and lead monthly meetings with the GRC Functional Steering Committee (FSC), a group of leaders from various departments. These meetings focus on discussing and aligning the objectives, vision, strategy, and direction of the GRC program. This ensures strategic alignment and effective communication across the organization.
Handling GRC Risk and Issue Escalations:
Serve as the primary contact for any GRC-related risks or issues. Coordinate with teams from different departments to assess these risks or issues and present findings to executive leaders for decision-making. The Director is responsible for ensuring that any risk mitigation strategies approved by executive leadership are implemented and monitored.
Establishes and Oversees the Enterprise Risk Management (ERM) Framework:
Leads the development and implementation of the ERM architecture for the organization. Monitors and analyzes risks across business units, providing detailed reports and strategic advice to executive leadership on risk mitigation strategies to ensure risks remain within acceptable levels.
Aligns Risk Management with Organizational Goals:
Ensures the ERM framework effectively balances organizational risks with the company’s risk appetite, thereby protecting and enhancing the achievement of strategic objectives.
Prepares Executive Reports:
Prepares and finalizes comprehensive reports for the ESC and FSC meetings, summarizing areas of non-compliance and risks identified through Governance, Risk Management, and Compliance activities.
Directs Compliance with Aggregate Spend Reporting:
Lead the team responsible for systems and processes required to meet state, federal and ex-US financial transparency (Sunshine) requirements, including but not limited to data analytics platforms. Continuously improves and optimizes data analytics capabilities and efficiencies within the Financial Transparency Program to support compliance and strategic decision-making.
Develops and Reviews Technical Documentation:
Assists in the review, editing, and development of technical documents, including playbooks, standard operating procedures (SOPs), work instructions, data summaries, and transactional review reports.
Leads and Develops a Team:
Guides and mentors a team of three or more full-time employees, ensuring high-quality work output and fostering an environment of professional growth and development within the organization.
Qualifications Required BS/BA degree ·
Minimum 10 years of experience in corporate compliance or risk management
Deep expertise in the pharmaceutical industry's enforcement risk landscape
Strong knowledge of enterprise risk management frameworks and compliance requirements
Knowledge of US Aggregate Spend reporting
Excellent interpersonal, communication skills and ability to work in cross-functional teams
Ability to work with large amounts of data and data reporting applications
Ability to lead a team and oversee competing priorities and tasks
Strong understanding of the foundational requirements needed to build and ensure a culture of integrity
Good understanding of the complexities of managing external service providers
Awareness of new developments and trends in the industry
Strong issue spotting, problem solving and project management skills
Ability to accomplish objectives through influence in a matrix organization
Strong computer skills with Word, Excel, PowerPoint, and Outlook
Up to 15% travel based upon business needs
Preferred CPA, CFE, and/or CIA certification
MS, MBA, or JD
Disclaimer This job description is intended to describe the general nature and level of the work being performed by the people assigned to this position. It is not intended to include every job duty and responsibility specific to the position. Otsuka reserves the right to amend and change responsibilities to meet business and organizational needs as necessary. Otsuka is an equal opportunity employer. All qualified applicants are encouraged to apply and will receive consideration for employment without regard to their protected veteran or disabled status, or any protected status.