Associate Director – Third Party Risk Management

Industry:

Company: Eli Lilly and Company

At Lilly, we unite caring with discovery to make life better for people around the world. We are a global healthcare leader headquartered in Indianapolis, Indiana. Our employees around the world work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to our communities through philanthropy and volunteerism. We give our best effort to our work, and we put people first. We’re looking for people who are determined to make life better for people around the world.

Actual compensation will depend on a candidate’s education, experience, skills, and geographic location. The anticipated wage for this position is
$122,250 – $179,300

Lilly is in a period of unprecedented growth and needs a robust process for evaluating, mitigating, and monitoring third parties and the risk they bring to the company. After initially rolling out the Third-Party Risk Management (TPRM) initiative in 2020, we continue to evolve process and are now aiming to evaluate a broader set of third-party risks, further mitigate existing risks, enhance competencies, and promote uniformity. We are looking for a leader to partner across internal functions and with external consultants to assess the current state; bring forward an integrated, enterprise-wide solution; and implement our next phase of TPRM.

Key Responsibilities:

• Process Assessment: In partnership with external advisors, consult across risk domain owners, business functions and geographies to ensure a clear understanding of current processes and potential gaps or risks
• Solution Development: Enhance and/or build a comprehensive process to consistently manage third party risk across the enterprise, with defined roles, specific program requirements, and an integrated technology strategy to streamline the process. Strive to use a consistent solution across risk domains and processes. Work with key collaborators to gain agreement on new processes and solutions.
• Risk Governance and Framework: Establish formal and integrated governance structure for all functions and risk domains of TPRM to coordinate with the Integrated Risk Management (IRM) team
• Risk Monitoring and Reporting: Improve insight into third-party risk exposure and classification across all risk domains. Formalize reporting capabilities for key TPRM metrics to enable tactical and strategic decision making across Lilly.
• Implementation Planning and Execution: Develop an implementation plan the agreed upon solution, balancing speed with simplification and a pragmatic approach to risk management. Partner with Tech@Lilly to ensure plan aligns with tech resources
• Compliance and Regulatory Requirements: Ensure processes and technology to support compliance with relevant regulations and internal policies. Develop and implement risk management policies and protocols in line with the company’s business strategies.

Basic Requirements:

• Bachelor’s degree in Finance, Accounting, Economics or related field with 6 years of experience in the pharmaceutical industry or an MBA with 3 years of experience in the pharmaceutical industry
• Minimum of 2 years of consulting experience
• Qualified applicants must be authorized to work in the United States on a full-time basis. Lilly will not provide support for or sponsor work authorization and/or visas for this role.

Additional Skills/Preferences:

• Experience leading complex, cross functional business or risk issues
• Excellent analytical, problem-solving, and decision-making skills
• Ability to work effectively in a fast-paced and dynamic environment
• Demonstrated ability to lead organizational change and continuous improvement
• Strong communication and influence skills
• Demonstrated success in leading through ambiguity and evolving responsibilities
• Ability to think at an enterprise level as well as at a business unit, affiliate and functional level
• Able to work effectively at all levels of the organization with a full range of styles

Lilly is dedicated to helping individuals with disabilities to actively engage in the workforce, ensuring equal opportunities when vying for positions. If you require accommodation to submit a resume for a position at Lilly, please complete the accommodation request form (https://careers.lilly.com/us/en/workplace-accommodation) for further assistance. Please note this is for individuals to request an accommodation as part of the application process and any other correspondence will not receive a response.

Lilly is an EEO/Affirmative Action Employer and does not discriminate on the basis of age, race, color, religion, gender, sexual orientation, gender identity, gender expression, national origin, protected veteran status, disability or any other legally protected status.

Our employee resource groups (ERGs) offer strong support networks for their members and help our company develop talented individuals for future leadership roles. Our current groups include: Africa, Middle East, Central Asia Network, African American Network, Chinese Culture Network, Early Career Professionals, Japanese International Leadership Network (JILN), Lilly India Network, Organization of Latinos at Lilly, PRIDE (LGBTQ + Allies), Veterans Leadership Network, Women’s Network, Working and Living with Disabilities. Learn more about all of our groups.

Full-time equivalent employees also will be eligible for a company bonus (depending, in part, on company and individual performance). In addition, Lilly offers a comprehensive benefit program to eligible employees, including eligibility to participate in a company-sponsored 401(k); pension; vacation benefits; eligibility for medical, dental, vision and prescription drug benefits; flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts); life insurance and death benefits; certain time off and leave of absence benefits; and well-being benefits (e.g., employee assistance program, fitness benefits, and employee clubs and activities).Lilly reserves the right to amend, modify, or terminate its compensation and benefit programs in its sole discretion and Lilly’s compensation practices and guidelines will apply regarding the details of any promotion or transfer of Lilly employees.

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