Director of Fair Market Value

Bristol Myers Squibb • Princeton, NJ

8d

About The Position

The Director of Fair Market Value (FMV) Operations within Strategic Risk Management at Bristol Myers Squibb will play a pivotal role in overseeing and managing all aspects of FMV operations, analytics, reporting, contracting, and governance. This leadership position is responsible for ensuring that all FMV activities are conducted in compliance with internal policies and external regulations. The ideal candidate will possess extensive experience in compliance, FMV operations, and analytics, with strong leadership skills and the ability to collaborate with various stakeholders across the organization.

Requirements

• Bachelor's degree in Business Administration, Finance, Compliance, or a related field; advanced degree preferred.
• Minimum of 10 years of experience in compliance, FMV operations, or a related field, with significant experience in a leadership role, preferably within the biopharmaceutical industry.
• Deep understanding of FMV principles, methodologies, and regulatory requirements.
• Proven experience in developing and implementing FMV frameworks, processes, and tools.
• Exceptional analytical and problem-solving skills, with the ability to interpret complex data and develop actionable insights.

Responsibilities

• Oversee and manage all FMV operations to ensure compliance with internal policies and external regulations.
• Support the development and implementation of compliant FMV methodologies to ensure fair and consistent valuation practices.
• Coordinate with various departments to ensure alignment and integration of FMV practices across the organization.
• Direct the strategic collection and comprehensive analysis of benchmarking data pertaining to FMV calculations employed by industry peers
• Develop and maintain FMV analytics and reporting frameworks to provide insights and support decision-making.
• Generate regular and ad-hoc reports on FMV activities, trends, and compliance status for senior management and other stakeholders.
• Utilize data analytics to identify potential risks and areas for improvement in FMV operations.
• Oversee the contracting process to ensure that all agreements comply with FMV standards and regulatory requirements.
• Collaborate with legal and procurement teams to develop and review contracts, ensuring that FMV considerations are appropriately addressed.
• Manage the lifecycle of FMV-related contracts, including negotiation, execution, and renewal.
• Establish and maintain FMV governance frameworks to ensure adherence to policies and procedures.
• Develop and implement FMV training programs for employees and stakeholders to promote awareness and understanding of FMV principles.
• Coordinate monitoring and testing with the C&E remediation team to ensure FMV compliance and identify areas for improvement.
• Formulate and present sophisticated, data-driven methodologies for evaluation by legal and market compliance teams.
• Act as the principal liaison with FMV vendors, ensuring seamless communication of re-tiering requests from medical teams and addressing payment-related feedback with vendors.
• Work closely with internal stakeholders, including legal, finance, procurement, and business units, to ensure alignment and compliance with FMV policies.
• Serve as a subject matter expert on FMV-related matters, providing guidance and support to stakeholders across the organization.
• Represent the company in external forums and industry groups related to FMV and compliance.

Benefits

• Health Coverage: Medical, pharmacy, dental, and vision care.
• Wellbeing Support: Programs such as BMS Well-Being Account, BMS Living Life Better, and Employee Assistance Programs (EAP).
• Financial Well-being and Protection: 401(k) plan, short- and long-term disability, life insurance, accident insurance, supplemental health insurance, business travel protection, personal liability protection, identity theft benefit, legal support, and survivor support.
• Work-life benefits include: Paid Time Off US Exempt Employees: flexible time off (unlimited, with manager approval, 11 paid national holidays (not applicable to employees in Phoenix, AZ, Puerto Rico or Rayzebio employees) Phoenix, AZ, Puerto Rico and Rayzebio Exempt, Non-Exempt, Hourly Employees: 160 hours annual paid vacation for new hires with manager approval, 11 national holidays, and 3 optional holidays Based on eligibility, additional time off for employees may include unlimited paid sick time, up to 2 paid volunteer days per year, summer hours flexibility, leaves of absence for medical, personal, parental, caregiver, bereavement, and military needs and an annual Global Shutdown between Christmas and New Years Day. All global employees full and part-time who are actively employed at and paid directly by BMS at the end of the calendar year are eligible to take advantage of the Global Shutdown.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees