Senior Compliance Specialist

This is a fully remote position, open to applicants in India.

📋 Description

• Act as a strategic compliance partner, facilitating the development, execution, and oversight of a robust compliance program.

• Offer expert compliance advice to business leaders and employees.

• Assist in risk assessments and monitoring efforts.

• Supervise channel partner compliance initiatives.

• Ensure compliance with company policies, industry standards, and relevant laws and regulations.

• Guide stakeholders on interactions with HCPs/HCOs, sponsorships, educational grants, consulting agreements, and promotional activities.

• Record compliance advice, risk assessments, approvals, exceptions, and mitigation strategies.

• Keep abreast of regulatory and industry changes and facilitate the implementation of necessary adjustments.

• Aid in the integration of privacy principles across business processes, digital projects, customer initiatives, vendor relationships, and projects involving personal or sensitive information.

• Create dashboards, metrics, and reports; convert analytical insights into risk assessments and action plans.

• Set and monitor key performance indicators and oversee remediation efforts.

• Formulate and implement risk-based compliance monitoring strategies.

• Conduct compliance reviews and assessments, evaluating findings, root causes, and risk patterns.

• Collaborate with stakeholders to address compliance issues and ensure resolution.

• Support third-party compliance operations, including due diligence, training, monitoring, remediation, and lifecycle management.

• Review third-party due diligence and screening results, identify potential issues, and develop remediation plans.

• Conduct or assist with audits, monitoring, remediation efforts, process evaluations, and risk-based oversight activities.

• Design, create, and deliver compliance training for employees, managers, business units, functional teams, distributors, dealers, and other third parties.

• Report directly to the Compliance Officer for the India Subcontinent.

⛳️ Requirements

• A Bachelor’s degree with at least 4 years of relevant experience, or an advanced degree with a minimum of 2 years of pertinent experience is required.

• Comprehensive knowledge of the job area, encompassing both breadth and depth.

• Practical project management skills may be necessary.

• Experience in the healthcare, medical device, pharmaceutical, life sciences, or another highly regulated sector.

• Familiarity with Indian healthcare compliance regulations, UCMPMD, data protection standards, and applicable anti-bribery and anti-corruption laws.

• Experience in managing compliance risks related to distributors, dealers, channel partners, consultants, vendors, or other third parties.

• Experience in conducting investigations, monitoring activities, and compliance risk evaluations.

• Proficient in Excel and experienced with Power BI, data visualization, dashboards, or other analytical tools.

• Relevant professional qualifications or certifications in compliance, such as CCEP, law, audit, privacy (e.g., CIPM), fraud examination, risk management, accounting, or data analytics.

🏝️ Benefits

• Flexible Benefits Package

• Competitive compensation plans

• Short-term incentive known as the Medtronic Incentive Plan (MIP)