Coloplast has an opportunity available for a Compliance Officer to join our growing company at our Minneapolis headquarters.
About The Team
The Corporate Business Ethics Compliance team is globally responsible for Coloplast’s compliance program in order to continuously raise the bar and to emphasize our high business ethical standards. We are represented all over the globe with local colleagues. You will report to the Global Compliance Officer and will directly manage another member of the compliance team in this role.
In this role, you will maintain an effective compliance program to prevent illegal, unethical, or improper conduct. You will monitor and report the results of the compliance and ethics efforts of the company and provide guidance for the Board and senior management team on matters relating to compliance. The Compliance Officer, together with the Compliance Committee, is authorized to implement all necessary actions to ensure achievement of the objectives of an effective compliance program. This will be a very hands on role that requires close collaboration with various sales and marketing employees. We view the compliance role as a collaborative business partner supporting the business through change management, education, and acceptance of policy to come from within the organization as opposed to simply defining and imposing policy.
• Develops, initiates, maintains, and revises policies and procedures for the general operation of the compliance program and its related activities to prevent illegal, unethical, or improper conduct. Manages day-to-day operation of the compliance program.
• Ensures guidance to management and employees remains relevant and current in view of changing regulatory and business practices.
• Oversees a system for uniform handling of alleged violations of the compliance program consistent with global policies, procedures and existing reporting tools.
• Works closely with sales, marketing and other functional areas to identify potential areas of compliance vulnerability and risk, develops and implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future.
• Works closely with sales, marketing and other functions to ensure compliance issues are understood, solutions accepted and implemented, which will require substantial time and interaction with employees dispersed geographically.
• Collaborates with other departments (for example, Human Resources) to direct compliance issues to appropriate existing channels for investigation and resolution.
• Drives compliance with the Sunshine Act and its reporting requirements, including establishing tracking and reporting processes, systems and tools.
• Consults with Legal Team as needed to resolve difficult legal compliance issues.
• Manages effective business processes for monitoring and approving grants.
• Manages effective business processes for approving and utilizing regulated consultants.
• Works with the Human Resources department and others as appropriate to ensure an effective compliance training program, including appropriate introductory training for new employees and ongoing training for all employees and managers.
• Responds to alleged violations of the compliance program and any related rules, regulations, policies, and procedures by evaluating or recommending the initiation of investigative procedures.
• Ensures that compliance issues and concerns within the organization are being appropriately evaluated, investigated, and resolved.
• Monitors, and as necessary, coordinates compliance activities of other departments to remain abreast of the status of all compliance activities and to identify trends.
• Provides reports on a regular basis, and as directed or requested, keeps the Compliance Committee of the Board and senior management informed of the operation and progress of compliance efforts.
• Ensures proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate or required.
• 8 years of experience in a compliance function.
• Prefer previous experience in the health care industry.
• Extensive understanding of Federal and state rules, laws and regulations pertaining to false claims, antikickback, as well as the AdvaMed Code of Ethics, and other relevant compliance topics.
• Minimum of a Bachelor's degree required; advanced degree preferred.
• Must be able to travel up to 35% of the time.