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Executive Director, Global Procurement Third Party Risk Management

Executive Director, Global Procurement Third Party Risk Management

Bristol-Myers SquibbRocky Hill, NJ, US
1 day ago
Job type
  • Full-time
  • Part-time
Job description

Working with Us

Challenging. Meaningful. Life-changing. Those aren't words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the lives of patients, and the careers of those who do it. You'll get the chance to grow and thrive through opportunities uncommon in scale and scope, alongside high-achieving teams. Take your career farther than you thought possible.

Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives. Read more : careers.bms.com / working-with-us .

Third-Party Risk Management (TPRM) is essential to safeguard patient safety, ensure regulatory compliance, and protect Bristol Myers Squibb's reputation by proactively identifying, assessing, and mitigating risk across a complex global supplier network. We seek an Executive Director with the vision to shape global strategy, the presence to influence enterprise stakeholders, and the resilience to lead diverse teams through scientific, regulatory, and operational complexity, all while developing future leaders and embedding a culture of compliance and innovation.

The Executive Director of TPRM will be responsible for defining, executing, and advancing BMS' global TPRM strategy, processes, and technology as it applies when procuring and participating in the procurement of GxP goods and services on behalf of BMS. This role will oversee the TPRM framework, ensuring alignment with BMS's policies, systems, and regulatory requirements. Additionally, the Executive Director will lead the Functional TPRM Operations team and ensure robust risk management practices across all business units. In partnership with Corporate Ethics & Compliance, this position will be critical for driving continuous improvement, managing escalations, and supporting both regulatory and organizational priorities including non-GxP goods and services suppliers.

Key Responsibilities

Strategy Development and Leadership

  • Setting and communicating a clear global vision aligned to enterprise priorities
  • Develop and execute a comprehensive TPRM strategy aligned with BMS's policies, systems, and regulatory requirements.
  • Executive presence; able to command respect with scientific leaders, regulatory authorities, and C-suite executives
  • Impeccable ethics, especially critical in a regulated industry
  • Lead the TPRM program framework, ensuring compliance and effective risk management.
  • Lead the strategy and execution of the expanded TPRM program to incorporate assessment of all suppliers for potential risk within a single platform.
  • Plan and lead Steering Committee meetings to ensure alignment across business units and share progress updates.
  • Represent the TPRM program in key forums, including the Audit and Risk Management Subcommittee (ARMSC), Business Continuity PMO, and IT Third Party Assessment Steering Committee.
  • Serve as the primary point of contact for audits conducted by GIA, supporting audit requests and presenting TPRM updates.

Stakeholder Engagement

  • Building trust with R&D, regulatory, commercial, Manufacturing, finance and operations leaders
  • Servicing as the bridge between executive leadership and on-the-ground teams
  • Innovation & Transformation

  • Championing digitalization, AI and process re-engineering to create future ready capabilities.
  • Leading continuous improvement and change management initiatives.
  • Process and Technology Management

  • Identify and drive changes to TPRM processes, policies, and tools, integrating feedback from stakeholder groups such as FTPRM, Risk SMEs, Global Procurement, leadership, and business unit leaders.
  • Ensure policies are up-to-date and reflective of evolving business needs.
  • Plan and prioritize system changes, partnering with IT, any 3rd-party support teams, and other teams to ensure effective user testing, tool evolution, and adoption.
  • Identify and implement AI and automation solutions to allow scalability of Risk Management processes and increase Risk Intelligence capabilities
  • Functional Operations Oversight

  • Lead the Functional TPRM Operations team to ensure effective implementation and execution of TPRM activities across all business units.
  • Act as an escalation point for TPRM process and tool-related issues / questions, assisting stakeholders with resolution when needed.
  • Foster strong partnerships with key stakeholders such as IT, legal, procurement, and other business units to enhance overall TPRM program effectiveness.
  • Lead cross-functional efforts to address program challenges, update stakeholders on TPRM initiatives, and identify opportunities for improvement.
  • Training and Awareness

  • Develop and deliver training materials and informational resources about the TPRM program to drive organizational awareness and compliance.
  • Promote education and engagement about TPRM processes across stakeholder groups.
  • Monitoring, Reporting, and Metrics

  • Build and refine TPRM KPIs, reports, and dashboards to monitor compliance, stakeholder engagement, and program goals.
  • Review reports summarizing TPRM status and follow up with stakeholders on overdue items where appropriate.
  • Update and evolve TPRM reporting and KPIs based on feedback and shifting business needs.
  • Develop leadership reporting for key stakeholders, such as the Audit Committee and CFO, as requested.
  • People Management

  • Demonstrated ability to lead in multicultural environments, wit sensitivity to local business norms.
  • Lead a team of TPRM professionals, providing guidance, mentorship, and performance management.
  • Develop criteria for evaluating staff performance and resolve performance issues.
  • Recruit, hire, onboard, train, and develop a flexible talent pool.
  • Support career development plans, providing training and consistent coaching.
  • Internal / External Stakeholders

  • Internal : Global Procurement Leadership, Compliance and Ethics, Global Quality, IT Operations, System & Integration Teams, Cybersecurity, Business Resilience, and other critical Risk Domains and Business Owners.
  • External : Third-Party Service Providers, Third-Party Suppliers, and regulatory bodies.
  • Qualifications

    Minimum Requirements :

  • B.S. / B.A.
  • Minimum of 12-15 years of business experience.
  • Minimum of 10-12 years of multi-disciplined procurement or risk management experience.
  • Minimum of 10 years Pharmaceutical Procurement experience.
  • Experience leading and participating in cross-functional and / or global teams.
  • Managerial experience with teams of senior professionals and managers.
  • Technical expertise in third-party risk tools such as ProcessUnity and Resilinc
  • Proven leadership track record including managing teams and establishing performance expectations.
  • Preferred Qualifications :

  • M.S. / M.B.A.
  • Professional certifications (e.g., CPM, CPIM, Six Sigma).
  • Experience implementing and leveraging AI capabilities to improve risk intelligence capabilities
  • Strong team leadership and internal stakeholder management.
  • Experience with large ERP systems and Source to Pay tools - SAP, Ariba, and / or Oracle strongly preferred.
  • Expertise in data / information and analytics management (including KPI's and SLA's), continuous improvement, and project management.
  • Exceptional communication, organizational, and presentation skills.
  • Demonstrated Customer Service mindset and ability to lead through influence rather than authority.
  • 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.

    Compensation Overview :

    $261,630 - $317,034

    The starting compensation range(s) for this role are listed above for a full-time employee (FTE) basis. Additional incentive cash and stock opportunities (based on eligibility) may be available. The starting pay rate takes into account characteristics of the job, such as required skills, where the job is performed, the employee's work schedule, job-related knowledge, and experience. 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 https : / / careers.bms.com / life-at-bms / .

    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.

    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.

    BMS is dedicated to ensuring that people with disabilities can excel through a transparent recruitment process, reasonable workplace accommodations / adjustments and ongoing support in their roles. Applicants can request a reasonable workplace accommodation / adjustment prior to accepting a job offer. If you require reasonable accommodations / adjustments in completing this application, or in any part of the recruitment process, direct your inquiries to adastaffingsupport@bms.com . Visit careers.bms.com / eeo -accessibility to access our complete Equal Employment Opportunity statement.

    BMS cares about your well-being and the well-being of our staff, customers, patients, and communities. As a result, the Company strongly recommends that all employees be fully vaccinated for Covid-19 and keep up to date with Covid-19 boosters.

    BMS will consider for employment qualified applicants with arrest and conviction records, pursuant to applicable laws in your area.

    If you live in or expect to work from Los Angeles County if hired for this position, please visit this page for important additional information : https : / / careers.bms.com / california-residents /

    Any data processed in connection with role applications will be treated in accordance with applicable data privacy policies and regulations.

    Required

    Preferred

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