What are the responsibilities and job description for the Senior Manager, Procurement, Third Party Risk Management position at Bristol Myers Squibb?
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Bristol Myers Squibb (BMS) is seeking a candidate for the position of Senior Manager, Procurement, Third Party Risk Management. The Senior Manager will perform duties within the Research & Development (R&D) functional area will focus on the development and enablement of end-to-end risk governance that achieves simple and compliant processes (e.g. supplier onboarding, supplier risk assessment, on-going supplier risk monitoring) with the appropriate tools and controls in place as per the in-force enterprise Third Party Risk Management (TPRM) Standards and functional SOPs. On the on-going base the Senior Manager ensures compliance to TPRM requirements within the R&D functional area by coordinating / assisting R&D colleagues with each phase of the program and ensuring timely completion of requested activities (i.e. assessment renewals).
Major Responsibilities and Accountabilities:
Implementation of the enterprise TPRM program within the R&D by leveraging existing Risk Management processes and SOPs and supporting key stakeholders in learning on how to use the newly developed TPRM platform.
Supporting the development and enablement of end-to-end risk governance that achieves simple and compliant processes (e.g. risk identification during sourcing selection (RFQ-RFPs), risk assessment, contracting, supplier onboarding, ongoing monitoring, termination) by coordinating and interacting with all key stakeholders and SMEs from involved risk areas (IT, Quality, Corporate Security, EOHSS, Compliance & Ethics, Finance, Legal, etc).
Help defining process flows and steps to effectively reflect in the TPRM platform existing or newly defined risk assessment processes as per R&D SOPs.
Support R&D colleagues (Supplier Relationship Managers/ Business Owners, Procurement and SME’s) in implementing TPRM program and complying with the TPRM requirements.
IRQ (Inherent Risk Questionnaire) to identifying high risk areas per procured services/ goods.
Support Due Diligence Phase by facilitating and coordinating with BOs and SMEs.
Support Contingency Plan definition for Critical Suppliers.
Support on going Monitoring Phase by ensuring active interactions between BOs and SMEs and timely up-date of Risk Summary Reports.
Support SMEs and BOs with Issue Management at each phase of TPRM program as needed.
This Senior Manager will collaborate with the following cross functional teams
Counterparts from other BMS Functions. (GPS, Commercial Enabling Services)
Procurement core TPRM team to ensure harmonization and alignment on approach and execution of the companies’ broader risk management strategy.
SMEs from Risk Areas supporting TPRM program. (IT Data Privacy & Cyber, Quality, BCM, EOHSS, Corporate Security, Financial Viability, Legal, Compliance & Ethics)
Members of Procurement. (Global Category Leads, Site Procurement Leads)
Business Owners and Supplier relationship Mangers (managing external partners in all categories Direct and Indirect) at global level.
Qualifications
Minimum Requirements
Minimum education of a B.S./B.A. is required.
Minimum of five (5) plus years of business experience is required in which four (4) years of multi-disciplined procurement experience, or related category domain experience or relevant experience is required. Minimum of one (1) year Pharmaceutical Procurement experience or working directly with Pharmaceutical Procurement teams or relevant experience is required.
Experience leading and participating on cross-functional and/or global teams.
Internal stakeholder management, data/information management, category management, process redesign and continuous improvement expertise, project management and performance measurement skills.
Procurement process knowledge, supplier selection, contract management, supplier management, technology utilization, strategic planning.
Managerial experience including managing teams of senior professionals and establishing performance expectations is preferred.
The starting compensation for this job in New Jersey is a range in from $161,250.00 - $195,400.00, plus incentive cash and stock opportunities (based on eligibility). The starting pay rate takes into account characteristics of the job, such as required skills and where the job is performed. Final, individual compensation will be decided based on demonstrated experience.
Eligibility for specific benefits listed on our careers site may vary based on the job and location. For more on benefits, please visit Life At BMS - BMS Careers.
Benefit offerings are subject to the terms and conditions of the applicable plans then in effect and may include the following: Medical, pharmacy, dental and vision care. Wellbeing support such as the BMS Living Life Better program and employee assistance programs (EAP). Financial well-being resources and a 401(K). Financial protection benefits such as short- and long-term disability, life insurance, supplemental health insurance, business travel protection and survivor support. Work-life programs include paid national holidays and optional holidays, Global Shutdown Days between Christmas and New Year’s holiday, up to 120 hours of paid vacation, up to two (2) paid days to volunteer, sick time off, and summer hours flexibility. Parental, caregiver, bereavement, and military leave. Family care services such as adoption and surrogacy reimbursement, fertility/infertility benefits, support for traveling mothers, and child, elder and pet care resources. Other perks like tuition reimbursement and a recognition program.
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If you come across a role that intrigues you but doesn’t perfectly line up with your resume, we encourage you to apply anyway. You could be one step away from work that will transform your life and career.
Uniquely Interesting Work, Life-changing Careers
With a single vision as inspiring as “Transforming patients’ lives through science™ ”, every BMS employee plays an integral role in work that goes far beyond ordinary. Each of us is empowered to apply our individual talents and unique perspectives in a supportive culture, promoting global participation in clinical trials, while our shared values of passion, innovation, urgency, accountability, inclusion and integrity bring out the highest potential of each of our colleagues.
On-site Protocol
BMS has an occupancy structure that determines where an employee is required to conduct their work. This structure includes site-essential, site-by-design, field-based and remote-by-design jobs. The occupancy type that you are assigned is determined by the nature and responsibilities of your role:
Site-essential roles require 100% of shifts onsite at your assigned facility. Site-by-design roles may be eligible for a hybrid work model with at least 50% onsite at your assigned facility. For these roles, onsite presence is considered an essential job function and is critical to collaboration, innovation, productivity, and a positive Company culture. For field-based and remote-by-design roles the ability to physically travel to visit customers, patients or business partners and to attend meetings on behalf of BMS as directed is an essential job function.
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