Director, Procurement, Third Party Risk Management

Bristol-Myers Squibb • Lawrence Township, NJ

262d • Hybrid

About The Position

The Director of Third-Party Risk Management (TPRM) will oversee BMS Global Procurement's global third-party risk management program, ensuring alignment with BMS's policies, systems, and regulatory requirements. The role is critical for advancing and evolving the TPRM framework through strong strategic leadership, stakeholder engagement, efficient process management, and compliance oversight. This position will be responsible for driving continuous improvement within the TPRM program by identifying opportunities for enhancements, managing escalations, and supporting both regulatory and organizational priorities.

Requirements

• Minimum education of a bachelor's degree required; MBA preferred.
• Minimum of ten (10) years of successful track record in procurement, R&D, Commercial, Operations, or risk management consulting.
• Ability to drive highly effective risk management strategies aligned with regulatory frameworks.
• Capability to define and achieve actionable recommendations and implementation plans through critical analysis.
• Advanced understanding of Procurement Category Management, Strategic Sourcing, Supplier Management, Compliance Management processes, and associated risk dimensions.
• Strong cross-functional leadership and stakeholder relationship skills.
• Experience with TPRM tools such as ProcessUnity and Resilinc.
• Outstanding communication, negotiating, analytical, and management skills.
• Emphasis on people development, change management, and training.

Responsibilities

• Lead a team to oversee the sustainable and effective operation of the TPRM program framework, ensuring compliance with risk management and regulatory requirements.
• 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.
• Identify and drive changes to TPRM processes, policies, and tools, soliciting and integrating feedback from stakeholder groups.
• Ensure policies are up-to-date and reflective of evolving business needs.
• Plan and prioritize ProcessUnity system changes, partnering with IT, Accenture, and other teams.
• Act as an escalation point for TPRM process and tool-related issues/questions.
• Collaborate with internal and external stakeholders to align on TPRM strategies, contracting approaches, and service delivery models.
• Foster strong partnerships with key stakeholders to enhance overall TPRM program effectiveness.
• Develop and deliver training materials and informational resources about the TPRM program.
• 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.
• Develop leadership reporting for key stakeholders, such as the Audit Committee and CFO.

Benefits

• Competitive benefits, services, and programs that provide resources to pursue goals at work and in personal lives.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Chemical Manufacturing
• Education Level: Bachelor's degree