Director, Risk and Assurance Partner

Band

Level 6

 

Job Description Summary

The Director, Risk and Assurance Partner will drive healthcare compliance risk management and assurance initiatives with a focus on maintaining and enhancing the U.S. risk and control register. This person will lead annual compliance risk assessments and deliver actionable insights through deep-dive analyses and robust testing plans. Additionally, he/she will serve as a strategic extension of the business advisor team—providing and leveraging insights that influence residual risk scores and functional compliance health dashboards. Finally, this person will partner closely with the Risk & Assurance Enablement team to define requirements that strengthen risk management processes and enable integrated reporting at both functional and U.S. levels.

Novartis will not sponsor visas for this position. Novartis is unable to offer relocation support for this role. This role is required to be in our East Hanover, NJ office 3x/week. Please only apply if that works for you.

 

Job Description

Key Responsibilities: 

• Maintain and update the US risk and control register for assigned business function grouping, ensuring accuracy, completeness, and alignment with evolving business risks. 

• Facilitate annual risk and control assessments, including calibration of residual risk scores in partnership with cross-functional stakeholders and business advisors. 

• Evaluate key risk indicators (KRIs) associated with specific risk areas during risk assessment and calibration, ensuring robust and data-driven risk scoring. 

• Establish and conduct annual testing plans to evaluate the effectiveness of controls and identify areas for improvement. 

• Identify and conduct deep-dive risk analyses to generate functional risk insights and support business partnering. 

• Track and report on action plans for ineffective controls and high-risk areas, ensuring timely implementation of “reduce” plans and mitigation strategies. 

• Collaborate extensively with business advisor teams to exchange insights, support risk calibration, and enhance the accuracy of risk and compliance health dashboards. 

• Partner with the Risk & Assurance Enablement team to define and communicate requirements for technology, analytics, and reporting solutions that support integrated risk management processes. 

• Support continuous improvement of risk management processes, leveraging data and technology to enhance risk detection and assurance outcomes. 

 

Key Performance Indicators: 

• Timeliness and accuracy of risk and control register updates

• Quality and impact of annual risk assessments and testing plans 

• Effectiveness of KRI evaluation and integration into risk scoring 

• Completion and effectiveness of action plans for high-risk areas

• Stakeholder satisfaction and engagement 

• Quality of collaboration and information exchange with business advisor and Risk & Assurance Enablement teams 

Desirable Requirements:

• Bachelor’s degree required; advanced degree preferred (e.g., MBA, JD, MS in Risk Management, Data Analytics, or related field) 

• 7+ years of experience in risk management, healthcare compliance, or assurance roles, preferably in the pharmaceutical/healthcare industry 

• Strong analytical, problem-solving, and project management skills 

• Experience facilitating risk assessments and controls testing 

• Demonstrated ability to collaborate across functions and with business advisor and enablement teams 

• Familiarity with risk management platforms and data analytics tools 

  

Benefits & Rewards

The salary for this position is expected to range between $176,400 and $327,600 per year. The final salary offered is determined based on factors like, but not limited to, relevant skills and experience, and upon joining Novartis will be