Director, Enterprise Risk Management & Information Governance
To support our critical business strategies, we are currently seeking a Director (or Sr. Director, based on experience and background) in our Legal department. The Director will be responsible for overseeing the Company’s Enterprise Risk Management and Information Governance programs.
This role will be responsible for oversight and implementation of the Company’s Enterprise Risk Management (ERM) and Information Governance (IG) programs.
The primary objective of ERM is to assess and report the corporate risk state to Vertex’s Executive Management Team and Board of Directors, along with promulgating risk management practices, methodologies and standards to functions across the company.
The ERM Director will work with Sr. Leaders and subject matter experts (SMEs) to establish corporate risk tolerances, define corporate objectives, and identify risks that may stop Vertex from achieving its corporate objectives. Probabilities and impacts of risks will be quantified and qualified with Sr. Leaders and SMEs, along with identification of potential root causes for each risk. Risks will be assessed using both qualitative and quantitative methods, including but not limited to use of calibration techniques, Monte Carlo simulations, thought experiments, premortem and root cause analysis.
The ERM Director will also work with Sr. Leaders to identify and assign ownership and management of each risk to specific personnel. The ERM Director will then work with each risk owner to ensure controls and mitigations are adequately supported, designed and operating effectively to manage each risk. Final enterprise risk reports comprised of top risks, risk owners, controls and mitigations will be provided and presented to the Executive Team and Board of Directors on a periodic basis.
The primary objective of IG is to establish governance and control over Vertex records and information to ensure risks and costs associated with records and information never exceed their value. Principle focus areas will be to decrease legal, compliance and information security risks, ensure critical records and information can be efficiently retrieved, and reduction of storage costs.
The IG Director will achieve program objectives by:
• Establishing and updating policies, standards, guidance and controls to ensure departments have appropriate knowledge and ability to manage their information.
• Promulgate policies, standards, guidance and controls across the company to ensure everyone understands expectations.
• Develop and implement technical solutions to decrease risks and costs associated with records and information
• Develop and utilize monitoring and auditing mechanisms to ensure compliance, including enforcement through investigations and disciplinary action.
A sample of controls and solutions the IG Director will institute and deploy will be:
• Data Classification Schemes
• Systems of Record and Retention Schedules
• Legal Hold / eDiscovery
• Data Loss Prevention & Data Removal
• Intellectual Property & Proprietary Information Protection
• Compliance with Pharmaceutical Industry Regulations
• Information Lifecycle Management
• Corporate-wide Records and Information Cleanup Days
• Bachelor's degree required and advanced degree preferred (MBA, JD, PhD, etc.).
• Firsthand experience in designing, building and overseeing corporate risk management programs.
• Broad and deep understanding of global pharmaceutical processes, from early stage research to commercial.
• Ability to transform Board and Executive level risk mitigation directives into mature, effective and measurable cross-functional programs, decreasing the corporation’s overall risk profile.
• Strong working knowledge of various laws, regulations, and industry guidance that affect the Pharmaceutical Industry.
• Effective public speaking skills and an ability to communicate in both verbal and written form with employees throughout the company.
• Excellent organizational and planning skills and the capacity to simultaneously handle a variety of complex confidential issues.
• Language Requirements: Must be fluent in English. Proficiency in Spanish, Italian, French, or German would be valued greatly.
Vertex creates new possibilities in medicine. Our team discovers, develops and commercializes innovative therapies so people with serious diseases can lead better lives. Vertex scientists and our collaborators are working on new medicines to cure or significantly advance the treatment of hepatitis C, cystic fibrosis, rheumatoid arthritis and other life-threatening diseases. Founded more than 20 years ago in Cambridge, Mass., we now have ongoing worldwide research programs and sites in the United States, United Kingdom and Canada. Vertex has consistently been recognized as one of the industry's top workplaces by leading publications such as Science magazine, The Boston Globe, Boston Business Journal, San Diego Business Journal and The Scientist. For more information and to view Vertex's press releases, please visit www.vrtx.com.
Vertex is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person’s race, color, gender, age, religion, national origin, ancestry, disability, veteran status, genetic information, sexual orientation or any characteristic protected under applicable law. Vertex will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.
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