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.
Position Summary
The Director of Fair Market Value (FMV) Operations within Strategic Risk Management at Bristol Myers Squibb will play a pivotal role in overseeing and managing all aspects of FMV operations, analytics, reporting, contracting, and governance. This leadership position is responsible for ensuring that all FMV activities are conducted in compliance with internal policies and external regulations. The ideal candidate will possess extensive experience in compliance, FMV operations, and analytics, with strong leadership skills and the ability to collaborate with various stakeholders across the organization.
Key Responsibilities
FMV Operations:
· Oversee and manage all FMV operations to ensure compliance with internal policies and external regulations.
· Support the development and implementation of compliant FMV methodologies to ensure fair and consistent valuation practices.
Coordinate with various departments to ensure alignment and integration of FMV practices across the organization.
Direct the strategic collection and comprehensive analysis of benchmarking data pertaining to FMV calculations employed by industry peers
Analytics and Reporting:
Develop and maintain FMV analytics and reporting frameworks to provide insights and support decision-making.
Generate regular and ad-hoc reports on FMV activities, trends, and compliance status for senior management and other stakeholders.
Utilize data analytics to identify potential risks and areas for improvement in FMV operations.
Contracting:
Oversee the contracting process to ensure that all agreements comply with FMV standards and regulatory requirements.
Collaborate with legal and procurement teams to develop and review contracts, ensuring that FMV considerations are appropriately addressed.
Manage the lifecycle of FMV-related contracts, including negotiation, execution, and renewal.
Governance:
Establish and maintain FMV governance frameworks to ensure adherence to policies and procedures.
Develop and implement FMV training programs for employees and stakeholders to promote awareness and understanding of FMV principles.
Coordinate monitoring and testing with the C&E remediation team to ensure FMV compliance and identify areas for improvement.
Formulate and present sophisticated, data-driven methodologies for evaluation by legal and market compliance teams. Act as the principal liaison with FMV vendors, ensuring seamless communication of re-tiering requests from medical teams and addressing payment-related feedback with vendors.
Stakeholder Collaboration:
Work closely with internal stakeholders, including legal, finance, procurement, and business units, to ensure alignment and compliance with FMV policies.
Serve as a subject matter expert on FMV-related matters, providing guidance and support to stakeholders across the organization. Represent the company in external forums and industry groups related to FMV and compliance.
Qualifications & Experience
Bachelor's degree in Business Administration, Finance, Compliance, or a related field; advanced degree preferred.
Minimum of 10 years of experience in compliance, FMV operations, or a related field, with significant experience in a leadership role, preferably within the biopharmaceutical industry.
Deep understanding of FMV principles, methodologies, and regulatory requirements.
Proven experience in developing and implementing FMV frameworks, processes, and tools.
Exceptional analytical and problem-solving skills, with the ability to interpret complex data and develop actionable insights.
If you come across a role that intrigues you but doesn’t perfectly line up with your resume, we encourage you to apply anyway. You could be one step away from work that will transform your life and career.
Compensation Overview:
The starting compensation range(s) for this role are listed above for a full-time employee (FTE) basis. Additional incentive cash and stock opportunities (based on eligibility) may be available. The starting pay rate takes into account characteristics of the job, such as required skills, where the job is performed, the employee’s work schedule, job-related knowledge, and experience. Final, individual compensation will be decided based on demonstrated experience.
Eligibility for specific benefits listed on our careers site may vary based on the job and location. For more on benefits, please visit https://careers.bms.com/life-at-bms/.
Benefit offerings are subject to the terms and conditions of the applicable plans in effect at the time and may require enrollment. Our benefits include:
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.
Uniquely Interesting Work, Life-changing Careers
With a single vision as inspiring as “Transforming patients’ lives through science™ ”, every BMS employee plays an integral role in work that goes far beyond ordinary. Each of us is empowered to apply our individual talents and unique perspectives in a supportive culture, promoting global participation in clinical trials, while our shared values of passion, innovation, urgency, accountability, inclusion and integrity bring out the highest potential of each of our colleagues.
On-site Protocol
BMS has an occupancy structure that determines where an employee is required to conduct their work. This structure includes site-essential, site-by-design, field-based and remote-by-design jobs. The occupancy type that you are assigned is determined by the nature and responsibilities of your role:
Site-essential roles require 100% of shifts onsite at your assigned facility. Site-by-design roles may be eligible for a hybrid work model with at least 50% onsite at your assigned facility. For these roles, onsite presence is considered an essential job function and is critical to collaboration, innovation, productivity, and a positive Company culture. For field-based and remote-by-design roles the ability to physically travel to visit customers, patients or business partners and to attend meetings on behalf of BMS as directed is an essential job function.
Supporting People with Disabilities
BMS is dedicated to ensuring that people with disabilities can excel through a transparent recruitment process, reasonable workplace accommodations/adjustments and ongoing support in their roles. Applicants can request a reasonable workplace accommodation/adjustment prior to accepting a job offer. If you require reasonable accommodations/adjustments in completing this application, or in any part of the recruitment process, direct your inquiries to adastaffingsupport@bms.com. Visit careers.bms.com/eeo-accessibility to access our complete Equal Employment Opportunity statement.
Candidate Rights
BMS will consider for employment qualified applicants with arrest and conviction records, pursuant to applicable laws in your area.
If you live in or expect to work from Los Angeles County if hired for this position, please visit this page for important additional information: https://careers.bms.com/california-residents/
Data Protection
We will never request payments, financial information, or social security numbers during our application or recruitment process. Learn more about protecting yourself at https://careers.bms.com/fraud-protection.
Any data processed in connection with role applications will be treated in accordance with applicable data privacy policies and regulations.
If you believe that the job posting is missing information required by local law or incorrect in any way, please contact BMS at TAEnablement@bms.com. Please provide the Job Title and Requisition number so we can review. Communications related to your application should not be sent to this email and you will not receive a response. Inquiries related to the status of your application should be directed to Chat with Ripley.
R1600068 : Director of Fair Market Value