Director, Enablement and Fair Market Value

East Hanover, NJ - USA

Monthly Salary: $ 176400 - 327600

Posted on: 23 hours ago

Vacancies: 1 Vacancy

Job Summary

Band

Level 6

Job Description Summary

The Director Enablement and Fair Market Value will be responsible for driving modernization & automation initiatives within the Controls & Transparency team while overseeing the Fair Market Value (FMV) program for professional services. The role leads a team focused on enabling ERC through streamlined processes and systems while mitigating risk.

This position reports to the Head Controls & Transparency. The Director Enablement & FMV will act as a subject matter expert for the U.S. managing tools such as the FMV calculator cross-border index HCP rate card & associated caps & controls. Additionally the role ensures policies & guidance remain current and validated by trusted third-party sources.

This role is required to be in our East Hanover NJ office 3x/week. Please only apply if this works for you.

Job Description

Key Responsibilities:

Design and implement scalable automation solutions that align with regulatory requirements and business objectives
Use analytics to identify trends gaps and areas for improvement in compliance and functional performance within the Controls and Transparency domain
Stay current with emerging technologies (e.g. AI) that can enhance compliance automation.
Continuously refine automation strategies based on feedback audits and regulatory changes.
Develop the NPC HCP Fair Market Value rate card and methodology utilizing industry standards validated by external sources (utilized across functions and entities)
Establishes procedures to ensure consistent valuation of speakers and consultants based upon agreed and 3rd party vetted criteria (leveling)
Ensures compliance with internal dollar and volume caps for consultants and speakers across all entities
Directs our 3rd party vendor on system related controls and answers their questions related to fair market value calculator external presenter contracting and external presenter and consultant valuation
Works directly with legal to develop external presenter and professional service contracts ensure compliance to internal and external guidance/laws

Accountable to ensure compliance and to assist both internal and external audits of relevant areas under responsibilities

Identify enablement opportunities across Controls and Transparency team and the broader ERC function

Evaluate current systems that support the execution of such controls activities document necessary changes for future state and partner with system owners to make necessary system changes
Develop guidance WPDs and other process documents communication and training that supports changes impacted by enablement projects

Essential Requirements

BA/BS degree or Equivalent 4-Year degree required
7 years of experience in pharmaceutical/biotech industry
5 years of relevant experience preferably in compliance operations and or compliance advising
Understanding of healthcare compliance risks and demonstrated ability to translate that knowledge into actionable steps.
Thorough understanding of Anti-Kickback laws and regulations.
Experience in managing projects and teams building relationships with senior stakeholders managing third party vendors.

Benefits & Rewards

The salary for this position is expected to range between $176400 and $327600 per year. The final salary offered is determined based on factors like but not limited to relevant skills and experience and upon joining Novartis will be reviewed periodically. Novartis may change the published salary range based on company and market factors. Your compensation will include a performance-based cash incentive and depending on the level of the role eligibility to be considered for annual equity -based eligible employees will receive a comprehensive benefits package that includes health life and disability benefits a 401(k) with company contribution and match and a variety of other addition employees are eligible for a generous time off package including vacation personal days holidays and other leaves.

Why Novartis: Helping people with disease and their families takes more than innovative science. It takes a community of smart passionate people like you. Collaborating supporting and inspiring each other. Combining to achieve breakthroughs that change patients lives. Ready to create a brighter future together our Novartis Network: Not the right Novartis role for you Sign up to our talent community to stay connected and learn about suitable career opportunities as soon as they come up: and Rewards: Read our handbook to learn about all the ways well help you thrive personally and professionally: Statement:

The Novartis Group of Companies are Equal Opportunity Employers. We do not discriminate in recruitment hiring training promotion or other employment practices for reasons of race color religion gender national origin age sexual orientation gender identity or expression marital or veteran status disability or any other legally protected status. We strive to create an inclusive workplace that cultivates bold innovation through collaboration and empowers our people to unleash their full potential.

Accessibility and reasonable accommodations

The Novartis Group of Companies are committed to working with and providing reasonable accommodation to individuals with disabilities. If because of a medical condition or disability you need a reasonable accommodation for any part of the application process or in order to perform the essential functions of a position please send an e-mail to call 1 and let us know the nature of your request and your contact information. Please include the job requisition number in your message.

Range

$176400.00 - $327600.00

Skills Desired

Compliance Management Compliance Risk Computer Network Effectiveness Enterprise Risk Management Internal Audit Law (Legal System) Leadership Operational Risk Operational Risk Management Risk Assessment Risk Management Risk Mitigation Senior Management Software Frameworks

Required Experience:

Director

BandLevel 6Job Description SummaryThe Director Enablement and Fair Market Value will be responsible for driving modernization & automation initiatives within the Controls & Transparency team while overseeing the Fair Market Value (FMV) program for professional services. The role leads a team focused...