Vice President, Chief Compliance Officer (CCO)

Company: Boston Scientific Gruppe
Location: Marlborough
Posted on: November 6, 2024

Job Description:

Vice President, Chief Compliance Officer (CCO)Onsite Location(s): Marlborough, MA, US, 01752Diversity - Innovation - Caring - Global Collaboration - Winning Spirit - High PerformanceAt Boston Scientific, we'll give you the opportunity to harness all that's within you by working in teams of diverse and high-performing employees, tackling some of the most important health industry challenges. With access to the latest tools, information and training, we'll help you in advancing your skills and career. Here, you'll be supported in progressing - whatever your ambitions.About the role:The Vice President, Chief Compliance Officer (CCO) is responsible for Boston Scientific's global compliance program under the oversight of the Company's Board of Directors. The CCO reports to the General Counsel and is a member of the Legal and Global Compliance senior management team. The CCO is primarily responsible for all the elements of the Company's compliance program which supports compliance with applicable laws, regulations and industry best practices. The CCO position requires strong leadership and vision to continually enhance the compliance program and meet the Company's evolving needs. The CCO's scope also includes oversight of the Company's third-party and trade compliance programs. The CCO is responsible for various regulatory filings, including state and federal transparency requirements (for example, The US Sunshine Act).This is a hybrid position (in office minimum three days per week) located in Marlborough, MA.Key Responsibilities:

• Set direction and objectives for the Company's global compliance program, and proactively identify opportunities for Legal and Global Compliance to add value to the Company.
• Member of the Legal and Global Compliance leadership team which sets and executes strategic priorities for the department. Develop and oversee strategic plans, budgets, talent management plans, DE&I and other department-wide leadership initiatives.
• Manage a team of compliance professionals. Oversee and monitor the implementation and effectiveness of the compliance program. Evolve the program as appropriate, in light of changes in organizational needs, benchmarking, changes to the applicable laws, regulations and governmental requirements of the U.S. and other jurisdictions where the Company conducts business.
• Provide updates to Boston Scientific's senior management on a periodic basis regarding compliance matters, including risks, internal and external audit reports, investigations (including any resulting in corrective or preventive actions) and other significant compliance activities. The CCO is responsible for making reports to the Risk Committee of the Board of Directors whenever the CCO deems necessary, but not less than on a quarterly basis. The CCO also provides a report to the full Board of Directors annually and reports to the Audit Committee, as needed. The CCO interacts with, and provides reports to, external auditors.
• Fulfill reporting for certification requirements of the CCO as required under the applicable laws of the U.S. or other jurisdictions where the Company conducts business. Oversee programs to report data and certify, as required, to transparency requirements globally.
• Create and foster deep relationships across worldwide business and functional leadership to support Company strategic plans and goals. Participate in various councils and other strategic initiatives to support Company growth and decision making.
• Develop, maintain and promote the Code of Conduct and Global Compliance policies and procedures designed to minimize organizational risks and to support compliance with applicable laws and regulations. As part of compliance governance, oversee a network of compliance committees globally.
• Oversee the Company's ethics hotline, triage and investigations processes, including conducting internal compliance investigations as well as working with internal and external counsel and other functions to conduct or support external investigations by governmental agencies.
• Develop and promote internal communications and training on the Code of Conduct and compliance policies and topics, including through annual compliance campaigns, company-wide communication channels and in coordination with various business and functional stakeholders.
• Develop and execute the Company's compliance auditing and monitoring program. Coordinate compliance auditing and monitoring plans and procedures with other Boston Scientific auditing functions.
• Lead and execute data strategy and analytics for Global Compliance. Develop and employ metrics for monitoring the effectiveness of the Company's compliance program and related activities.
• Oversee the Company's third-party program, including third party intermediaries, channel partners and other third-party relationships.
• As part of a cross-functional team, lead the Company's trade compliance program to meet requirements related to sanctions and other trade restrictions.
• Conduct an annual compliance risk assessment and participate in the Company's enterprise risk management processes. Identify opportunities to leverage existing compliance policies and best practices across other business and functional groups where relevant. This includes overseeing programs for corrective and preventive actions, root cause analyses, systemic remediation and other improvements to the compliance program designed to prevent, detect and respond to compliance risk.
• Assist in compliance due diligence for business development activity and lead integration of culture, compliance program elements, systems and reporting obligations for acquisitions. Be a subject-matter expert to advise business and other stakeholders relating to the company's investment activities or as the expert on the Company's compliance program for other corporate initiatives.
• Lead identification and roll-out of systems to support compliance operations worldwide. Oversee processes relating to healthcare provider engagement.
• Coach direct reports in objective setting, regular communication and feedback, development activities and appropriate reward/recognition. Create and implement meaningful development plans, and provide effective, timely performance reviews. Attract, recruit and develop talent and leadership capabilities within the Global Compliance team. Ensure strong succession planning so that internal candidates are being developed to fill key positions within Global Compliance.Required Qualifications:
  • Bachelor's degree or higher.
  • 15+ years of experience in large, global medical device or healthcare company, including experience developing, implementing, and maintaining enterprise-wide compliance programs.
  • Extensive knowledge of laws and regulations applicable to global medical device or healthcare companies, including AKS, False Claims, FCPA, and the like.Preferred Qualifications:
    • MS, JD or other advanced degree.
    • Experience managing a sizable organization of compliance professionals.
    • Experience working in a multi-stakeholder or matrixed environment, including interfacing with senior business management and a public company board of directors.
    • Experience with internal investigations and auditing and monitoring.
    • Fluency with data analytics.Requisition ID: 592901As a leader in medical science for more than 40 years, we are committed to solving the challenges that matter most - united by a deep caring for human life. Our mission to advance science for life is about transforming lives through innovative medical solutions that improve patient lives, create value for our customers, and support our employees and the communities in which we operate. Now more than ever, we have a responsibility to apply those values to everything we do - as a global business and as a global corporate citizen.So, choosing a career with Boston Scientific (NYSE: BSX) isn't just business, it's personal. And if you're a natural problem-solver with the imagination, determination, and spirit to make a meaningful difference to people worldwide, we encourage you to apply and look forward to connecting with you!At Boston Scientific, we recognize that nurturing a diverse and inclusive workplace helps us be more innovative and it is important in our work of advancing science for life and improving patient health. That is why we stand for inclusion, equality, and opportunity for all. By embracing the richness of our unique backgrounds and perspectives, we create a better, more rewarding place for our employees to work and reflect the patients, customers, and communities we serve.Boston Scientific Corporation has been and will continue to be an equal opportunity employer. To ensure full implementation of its equal employment policy, the Company will continue to take steps to assure that recruitment, hiring, assignment, promotion, compensation, and all other personnel decisions are made and administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, gender expression, veteran's status, age, mental or physical disability, genetic information or any other protected class.Boston Scientific maintains a prohibited substance free workplace. Pursuant to Va. Code - 2.2-4312 (2000), Boston Scientific is providing notification that the unlawful manufacture, sale, distribution, dispensation, possession, or use of a controlled substance or marijuana is prohibited in the workplace and that violations will result in disciplinary action up to and including termination.Please be advised that certain US based positions, including without limitation field sales and service positions that call on hospitals and/or health care centers, require acceptable proof of COVID-19 vaccination status. Candidates will be notified during the interview and selection process if the role(s) for which they have applied require proof of vaccination as a condition of employment. Boston Scientific continues to evaluate its policies and protocols regarding the COVID-19 vaccine and will comply with all applicable state and federal law and healthcare credentialing requirements. As employees of the Company, you will be expected to meet the ongoing requirements for your roles, including any new requirements, should the Company's policies or protocols change with regard to COVID-19 vaccination.
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Keywords: Boston Scientific Gruppe, Cambridge , Vice President, Chief Compliance Officer (CCO), Accounting, Auditing , Marlborough, Massachusetts