Executive Director, Global Procurement Third Party Risk Management

Bristol Myers Squibb • Princeton, NJ

1d • $261,630 - $317,034

About The Position

Working with Us Challenging. Meaningful. Life-changing. Those aren’t words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the lives of patients, and the careers of those who do it. You’ll get the chance to grow and thrive through opportunities uncommon in scale and scope, alongside high-achieving teams. Take your career farther than you thought possible. Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives. Read more: careers.bms.com/working-with-us. Third—Party Risk Management (TPRM) is essential to safeguard patient safety, ensure regulatory compliance, and protect Bristol Myers Squibb’s reputation by proactively identifying, assessing, and mitigating risk across a complex global supplier network. We seek an Executive Director with the vision to shape global strategy, the presence to influence enterprise stakeholders, and the resilience to lead diverse teams through scientific, regulatory, and operational complexity, all while developing future leaders and embedding a culture of compliance and innovation. The Executive Director of TPRM will be responsible for defining, executing, and advancing BMS’ global TPRM strategy, processes, and technology as it applies when procuring and participating in the procurement of GxP goods and services on behalf of BMS. This role will oversee the TPRM framework, ensuring alignment with BMS’s policies, systems, and regulatory requirements. Additionally, the Executive Director will lead the Functional TPRM Operations team and ensure robust risk management practices across all business units. In partnership with Corporate Ethics & Compliance, this position will be critical for driving continuous improvement, managing escalations, and supporting both regulatory and organizational priorities including non-GxP goods and services suppliers.

Requirements

• Minimum Requirements:
• B.S./B.A.
• Minimum of 12-15 years of business experience.
• Minimum of 10-12 years of multi-disciplined procurement or risk management experience.
• Minimum of 10 years Pharmaceutical Procurement experience.
• Experience leading and participating in cross-functional and/or global teams.
• Managerial experience with teams of senior professionals and managers.
• Technical expertise in third-party risk tools such as ProcessUnity and Resilinc
• Proven leadership track record including managing teams and establishing performance expectations.

Nice To Haves

• M.S./M.B.A.
• Professional certifications (e.g., CPM, CPIM, Six Sigma).
• Experience implementing and leveraging AI capabilities to improve risk intelligence capabilities
• Strong team leadership and internal stakeholder management.
• Experience with large ERP systems and Source to Pay tools – SAP, Ariba, and/or Oracle strongly preferred.
• Expertise in data/information and analytics management (including KPI’s and SLA’s), continuous improvement, and project management.
• Exceptional communication, organizational, and presentation skills.
• Demonstrated Customer Service mindset and ability to lead through influence rather than authority.

Responsibilities

• Strategy Development and Leadership Setting and communicating a clear global vision aligned to enterprise priorities
• Develop and execute a comprehensive TPRM strategy aligned with BMS’s policies, systems, and regulatory requirements.
• Executive presence; able to command respect with scientific leaders, regulatory authorities, and C-suite executives
• Impeccable ethics, especially critical in a regulated industry
• Lead the TPRM program framework, ensuring compliance and effective risk management.
• Lead the strategy and execution of the expanded TPRM program to incorporate assessment of all suppliers for potential risk within a single platform.
• 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.
• Stakeholder Engagement Building trust with R&D, regulatory, commercial, Manufacturing, finance and operations leaders Servicing as the bridge between executive leadership and on-the-ground teams
• Innovation & Transformation Championing digitalization, AI and process re-engineering to create future ready capabilities.
• Leading continuous improvement and change management initiatives.
• Process and Technology Management Identify and drive changes to TPRM processes, policies, and tools, integrating feedback from stakeholder groups such as FTPRM, Risk SMEs, Global Procurement, leadership, and business unit leaders.
• Ensure policies are up-to-date and reflective of evolving business needs.
• Plan and prioritize system changes, partnering with IT, any 3rd-party support teams, and other teams to ensure effective user testing, tool evolution, and adoption.
• Identify and implement AI and automation solutions to allow scalability of Risk Management processes and increase Risk Intelligence capabilities
• Functional Operations Oversight Lead the Functional TPRM Operations team to ensure effective implementation and execution of TPRM activities across all business units.
• Act as an escalation point for TPRM process and tool-related issues/questions, assisting stakeholders with resolution when needed.
• Foster strong partnerships with key stakeholders such as IT, legal, procurement, and other business units to enhance overall TPRM program effectiveness.
• Lead cross-functional efforts to address program challenges, update stakeholders on TPRM initiatives, and identify opportunities for improvement.
• Training and Awareness Develop and deliver training materials and informational resources about the TPRM program to drive organizational awareness and compliance.
• Promote education and engagement about TPRM processes across stakeholder groups.
• Monitoring, Reporting, and Metrics 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 where appropriate.
• Update and evolve TPRM reporting and KPIs based on feedback and shifting business needs.
• Develop leadership reporting for key stakeholders, such as the Audit Committee and CFO, as requested.
• People Management Demonstrated ability to lead in multicultural environments, wit sensitivity to local business norms.
• Lead a team of TPRM professionals, providing guidance, mentorship, and performance management.
• Develop criteria for evaluating staff performance and resolve performance issues.
• Recruit, hire, onboard, train, and develop a flexible talent pool.
• Support career development plans, providing training and consistent coaching.
• Internal/External Stakeholders Internal: Global Procurement Leadership, Compliance and Ethics, Global Quality, IT Operations, System & Integration Teams, Cybersecurity, Business Resilience, and other critical Risk Domains and Business Owners.
• External: Third-Party Service Providers, Third-Party Suppliers, and regulatory bodies.

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.
• Eligibility Disclosure: The summer hours program is for United States (U.S.) office-based employees due to the unique nature of their work. Summer hours are generally not available for field sales and manufacturing operations and may also be limited for the capability centers. Employees in remote-by-design or lab-based roles may be eligible for summer hours, depending on the nature of their work, and should discuss eligibility with their manager. Employees covered under a collective bargaining agreement should consult that document to determine if they are eligible. Contractors, leased workers and other service providers are not eligible to participate in the program.

What This Job Offers

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