What are the responsibilities and job description for the Sr. Compliance Manager - Monitoring & Transparency position at Terumo?
Terumo Medical Corporation (TMC) develops, manufactures, and markets a complete, solutions-based portfolio of high-quality medical devices used in a broad range of applications for numerous areas of the healthcare industry. TMC places a premium on providing customers with world-class products, training and education programs that drive clear economic value, better clinical outcomes and improved quality of life for patients. TMC is part of Tokyo-based Terumo Corporation; one of the world's leading medical device manufacturers with $6 billion in sales, 30,000 employees worldwide and operations in more than 160 nations. Terumo Medical Corporation is comprised of two strategic business divisions : Terumo Interventional Systems and Terumo Medical Products.
We believe that the future is bright for everyone at Terumo. We work with the future in mind to generate lasting change, create a bigger impact and produce greater outcomes for today, and for decades to come.
At Terumo we believe in the power of personal growth and will encourage you to get in the driver's seat - progressing in the direction you want to go by deepening your skills throughout your career. We want you to be bold, think outside the box, experiment, innovate and deliver what's next for quality healthcare. You will be part of a collaborative, respectful and resilient team of associates and leaders around the world, working together as partners to achieve more than you thought possible, providing real-world, impactful solutions for patients.
Join us and help shape wherever we go next!
Advancing healthcare with heart
Job Summary
The Senior Compliance Manager -Monitoring & Transparency, will support the Director - Healthcare Compliance of Terumo Americas Holding and its managed businesses to develop and implement an effective compliance monitoring and testing program in accordance with best practices, Department of Justice (DOJ) most recent guidance, U.S. ethical industry codes and applicable laws and regulations as well as managing and coordinating Transparency requirements across multiple businesses.
Responsibilities will encompass a broad range of areas related to compliance, including the development and implementation of a monitoring and testing program, managing compliance with all Federal and State transparency reporting obligations, and measuring the effectiveness of the compliance program. The Senior Compliance Manager -Monitoring & Transparency will act as the subject matter expert in areas such as : transparency, monitoring & testing, risk assessment, remediation, and data analytics.
Job Details / Responsibilities
- Develops and executes continuous risk-based monitoring, testing and auditing program on key risk areas of the compliance program and other processes identified as high-risk business interactions. Maintains proper monitoring, testing and audit workpapers, prepares relevant reports and analytics, develops remediation plans, and provides training and re-training to associates, as needed.
- Leverages data analytics tools and create reports for senior management to create efficiencies in the compliance program and track its effectiveness. Develops insightful dashboards and heatmaps with identified KPIs to inform senior management on a regular basis.
- Assists the Director - Healthcare Compliance in partnering with key levels of divisional business functions to conduct and expand the Healthcare Compliance risk assessment.
- Manages the Federal and State Reporting program for the company. Collects and cleanses data on a quarterly basis, prepares annual federal and state transparency reporting, and manages reporting functions in (Centers for Medicare & Medicaid Services (CMS). Performs analytics on CMS available data and provides meaningful insights to senior leaders.
- Acts in partnership with the business to enhance cross-departmental collaborations in furtherance of an effective compliance program that address business needs as they evolve.
- Develops strong relationships throughout area of responsibility to foster an advisory and collaborative approach to proactive compliance.
- Proposes, prepares, and implements innovative ways to create efficiencies within the compliance program, processes, and / or systems based on risk assessment findings, monitoring and testing remediation actions and Internal Audit results.
- Develops proactive guidance to support associates' compliance with company's requirements. Identifies creative ways to use real-life examples to continue to enhance awareness of compliance risks and to boost a working environment where decisions are driven by integrity.
- Performs other duties as assigned.
Knowledge, Skills and Abilities (KSA)
Qualifications / Background Experiences
It is Terumo's policy to provide equal employment opportunity to all its employees and applicants for employment regardless of their race, creed, color, national origin, age, ancestry, nationality, marital or domestic partnership or civil union status, sex, pregnancy, gender identity or expression, disability status, liability for military service, protected veteran status, sexual orientation, atypical cellular or blood trait, genetic information (including the refusal to submit to genetic testing), or any other category protected by law. As a Company, we value diversity of background and opinion, and prohibit discrimination or harassment on the basis of any legally protected class in the areas of hiring, recruitment, promotion, transfer, demotion, training, compensation, pay, fringe benefits, layoff, termination or any other terms and conditions of employment.
Final compensation packages will ultimately depend on factors including relevant experience, internal equity, skillset, knowledge, geography, education, business needs and market demand. We provide competitive and comprehensive benefit options which include : annual bonus, paid vacation, paid holidays, health, dental and vision benefits, 401(k), with matching contributions, tax advantage savings accounts, legal plan, voluntary life and AD&D insurance, voluntary long-term disability, short term disability, critical illness and accident insurance, parental leave, personal leave, tuition reimbursement, travel assistance, and an employee assistance program.
