Procurement Business Controls and Compliance Specialist

Thank you for your interest in working for our Company. Recruiting the right talent is crucial to our goals. On April 1, 2024, 3M Healthcare underwent a corporate spin-off leading to the creation of a new company named Solventum. We are still in the process of updating our Careers Page and applicant documents, which currently have 3M branding. Please bear with us. In the interim, our Privacy Policy here: https://www.solventum.com/en-us/home/legal/website-privacy-statement/applicant-privacy/ continues to apply to any personal information you submit, and the 3M-branded positions listed on our Careers Page are for Solventum positions. As it was with 3M, at Solventum all qualified applicants will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Job Description:

Procurement Business Controls and Compliance Specialist (Solventum)

3M Health Care is now Solventum

At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers’ toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.

We partner closely with the brightest minds in healthcare to ensure that every solution we create melds the latest technology with compassion and empathy. Because at Solventum, we never stop solving for you.

The Impact You’ll Make in this Role
 

The Procurement Business Controls and Compliance Specialist is responsible for overseeing and ensuring that the sourcing and procurement activities align with the company's sustainability, ethical, and compliance standards. This role requires experience in the healthcare supply chain, a thorough understanding of sustainable practices, and familiarity with Sarbanes-Oxley (SOX) controls. The ideal candidate will support the company’s mission to source materials and services responsibly, while maintaining compliance with industry regulations and ensuring high-quality healthcare products and services. The employee works independently and consults with stakeholders, cross-functional co-workers and the supervisor for assistance.

You will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world. Here, you will make an impact by:

• Design and implement SOX controls within the healthcare procurement process to ensure compliance with regulatory requirements.
• Ensure all procurement activities, including documentation and records, comply with SOX and healthcare industry regulations, focusing on supplier selection, contract management, and purchase approvals.
• Conduct regular reviews and audits to validate SOX control effectiveness, identifying and addressing compliance gaps specific to the healthcare sector.
• Collaborate with internal audit, compliance, and finance teams to support SOX testing, reporting, and remediation efforts, ensuring alignment with healthcare-specific standards.
• Identify and assess risks in the healthcare supply chain, including ethical, environmental, and SOX compliance issues, as well as risks specific to healthcare materials and services.
• Develop risk mitigation strategies to address potential non-compliance issues, with a focus on maintaining high standards for patient safety and healthcare product quality.
• Stay updated on healthcare industry regulations, global regulatory changes, and SOX standards impacting responsible sourcing.
• Work closely with internal departments such as procurement, finance, operations, compliance, and legal to ensure alignment on responsible sourcing and SOX compliance within the healthcare context.
• Engage with external stakeholders, including regulatory bodies, certification organizations, and industry groups, to stay informed on best practices, emerging trends, and regulatory changes in the healthcare industry.
• Communicate responsible sourcing goals and SOX compliance progress to internal and external stakeholders, highlighting the impact on healthcare quality and patient outcomes.
• Collect and analyze data on sourcing activities, supplier compliance, sustainability metrics, and SOX controls, with a focus on healthcare-specific requirements.
• Prepare regular reports on responsible sourcing performance, healthcare industry compliance, and SOX adherence, identifying achievements and areas for improvement.