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Job Details
Job Summary:
The Senior Compliance Officer is a senior member of the Compliance organization and oversees the Compliance program of the Neurovascular (NV) business with a high level of independence. The Senior Compliance Officer is responsible for developing the Compliance program strategy within their Division to enable business results and effectively manage risk for the company. This role also leads the Compliance Committee, drives alignment to the global Compliance strategy, and influences senior business leadership and other stakeholders in identifying risks and opportunities and implementing appropriate mitigation efforts.
As a leader within the NV division, the Senior Compliance Officer supports the division’s commercial strategy and partners with its Senior Leadership Team to manage risk and drive growth. This role ensures NV's specific needs are reflected in strategic Compliance Program decisions and adapts global initiatives to meet business requirements. The Officer collaborates with the division’s leadership and Compliance Committee to maintain adherence to laws, regulations, and standards. Additionally, the role leads global compliance projects and may oversee cross-divisional teams of Compliance Officers or business stakeholders. As a people leader, the Officer is also responsible for developing and managing a team of compliance professionals supporting the division’s business units.
Essential Duties and Responsibilities:
Oversee the Compliance program for a Division of significant size and complexity, including the management of compliance risks for diverse business unites within the Division.
Directly manage a team of Compliance professionals and support their development and growth.
Influence and partner with senior business leaders to effectively enable business results and manage significant compliance risks.
Establish tone at the top with leadership teams and drive a culture of Compliance.
Oversee development and delivery of training, policies, and guidance that support in line with business goals and the Compliance strategy.
Act as a senior leader within the Compliance organization.
Implement the Compliance strategy and goals within their Division to empower business leadership and effectively identify and manage risk for the company.
Develop programs to ensure organizational compliance with relevant laws, regulations, and standards across regions.
Ensure effective Compliance controls are in place, including written standards, education and communication, auditing and monitoring, third-party oversight, and corrective action.
Provide strategic input to support continuous improvement of the compliance program and to reflect changes, clarifications, or updates in applicable law, regulations, policy, and business strategy.
Maintain deep knowledge of the businesses and their operations; use knowledge of business and compliance metrics to inform the strategy and goals.
Lead continuous improvement efforts to increase efficiency, simplicity, and speed of action.
Support the Compliance Leadership Team in reporting on the status of compliance program on a regular basis.
Recruit, lead, and manage a skilled team of compliance professionals.
Maintain deep knowledge of relevant laws, regulations, and industry standards.
People Management
Provide ongoing leadership to direct reports, ensuring progress towards achieving or exceeding goals, objectives, and other targets
Manage a team of education professionals responsible for content design, instructional development and system delivery of training.
Coach and mentor team members, driving high engagement and ongoing professional development, fostering a high-performance culture and talent development pipeline.
Hone the collective strengths of the team through the provision of industry-standard capabilities and development of individual team member abilities
General
- Maintain deep knowledge of relevant laws, regulations, and industry standards; foster a continuous improvement mindset and provide strategic input on modifications to the Compliance program to reflect changes in external environment or business strategy.
Develop and maintain meaningful metrics on the performance of the Compliance training and communication program against the strategy, goals, and objectives. Provide regular reporting on these metrics.
Drive communication on the status of the Compliance training and communication program to the Compliance Committee, senior leadership, and the Board of Directors.
Raise awareness of the compliance program and promote accountability for ethics and integrity.
Foster a continuous improvement mindset and propose enhancements to the Program informed by industry trends and best practices.
Exercise independent judgment in decision-making.
Participate in industry associations and engagements to raise the profile of the Ethics & Compliance Program and the company.
Education:
B.A. or B.S from accredited university required.
Graduate degree and/or professional accreditation preferred.
Qualifications:
Minimum of 10+ years of work experience required; previous compliance leadership required.
Demonstrates substantial knowledge and clear understanding of the required elements of effective Compliance programs and experience with AdvaMed code and other relevant standards.
Possesses excellent communication, leadership, and influencing skills.
Demonstrates high level of professionalism, business acumen, and judgment.
Oversees complex diverse work of significant impact to the organization.
Well-developed understanding of business financials and reporting and ability to effectively allocate resources for maximum impact.
Initiates, embraces, and supports change in a dynamic and complex environment.
Oversees complex work of significant impact to the organization.
Perceived as highly competent with high level of business acumen and good judgment.
Demonstrates excellent ability to exercise discretion and maintain confidentiality.
Possesses excellent understanding of the budgeting process, expense and headcount management, business financials, and ability to allocate resources for maximum impact.
Promotes Stryker’s culture of integrity and compliance.
Safeguards Stryker’s people, assets, and reputation.
Maintains highly sensitive and confidential information
Compensation:
$171,500- $379,000 salary plus bonus eligible + generally eligible for short-term and long-term financial incentives + benefits. Individual pay is based on skills, experience, and other relevant factors.
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