Director, Enablement and Fair Market Value

Band

Level 6

 

Job Description Summary

The Director, Enablement and Fair Market Value will be responsible for driving modernization & automation initiatives within the Controls & Transparency team while overseeing the Fair Market Value (FMV) program for professional services. The role leads a team focused on enabling ERC through streamlined processes and systems while mitigating risk.

This position reports to the Head, Controls & Transparency. The Director, Enablement & FMV will act as a subject matter expert for the U.S., managing tools such as the FMV calculator, cross-border index, HCP rate card, & associated caps & controls. Additionally, the role ensures policies & guidance remain current and validated by trusted third-party sources.

This role is required to be in our East Hanover, NJ office 3x/week. Please only apply if this works for you.

 

Job Description

Key Responsibilities:  

• Design and implement scalable automation solutions that align with regulatory requirements and business objectives 

• Use analytics to identify trends, gaps, and areas for improvement in compliance and functional performance within the Controls and Transparency domain 

• Stay current with emerging technologies (e.g., AI) that can enhance compliance automation.  

• Continuously refine automation strategies based on feedback, audits, and regulatory changes. 

• Develop the NPC HCP Fair Market Value rate card and methodology utilizing industry standards validated by external sources (utilized across functions and entities) 

• Establishes procedures to ensure consistent valuation of speakers and consultants based upon agreed and 3rd party vetted criteria (leveling) 

• Ensures compliance with internal dollar and volume caps for consultants and speakers across all entities

• Directs our 3rd party vendor on system related controls and answers their questions related to fair market value calculator, external presenter contracting and external presenter and consultant valuation   

• Works directly with legal to develop external presenter and professional service contracts, ensure compliance to internal and external guidance/laws 

• Accountable to ensure compliance and to assist both internal and external audits of relevant areas under responsibilities  

• Identify enablement opportunities across Controls and Transparency team and the broader ERC function 

• Evaluate current systems that support the execution of such controls activities, document necessary changes for future state and partner with system owners to make necessary system changes

• Develop guidance, WPDs and other process documents, communication and training that supports changes impacted by enablement projects 

 

Essential Requirements

• BA/BS degree or Equivalent 4-Year degree required

• 7+ years of experience in pharmaceutical/biotech industry  

• 5+ years of relevant experience preferably in compliance operations and or compliance advising 

• Understanding of healthcare compliance risks and demonstrated ability to translate that knowledge into actionable steps. 

• Thorough understanding of Anti-Kickback laws and regulations.

• Experience in managing projects and teams, building relationships with senior stakeholders, managing third party vendors.  

 

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 reviewed periodically. Novartis may change the published salary range based on company and market factors. Your compensation will include a performance-based cash incentive and, depending on the level of the role, eligibility to be considered for annual equity awards. US-based eligible employees will receive a comprehensive benefits package that includes health, life and disability benefits, a 401(k) with company contribution and match, and a variety of other benefits. In addition, employees are eligible for a generous time off package including vacation, personal days, holidays and other leaves.