Procurement Business Controls and Compliance Expert

24 hours ago


Maplewood, Minnesota, United States Solventum Full time

Solventum, a pioneering company in the healthcare industry, is seeking an experienced Procurement Business Controls and Compliance Specialist to join its team. This role plays a critical part in ensuring that sourcing and procurement activities align with the company's sustainability, ethical, and compliance standards.

About 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. Our mission is to create solutions that change patients' lives for the better while enabling healthcare professionals to perform at their best.

Job Description

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.

Key Responsibilities:
  • 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.
Requirements

To be successful in this role, you will need:

  • Bachelor's degree or higher and a minimum of 7 years of combined procurement, logistics, supply chain experience in a private, public, government, or military environment.
  • OR High School Diploma/GED and a minimum of 12 years of combined procurement, logistics, supply chain experience in a private, public, government, or military environment.
  • Experience with ESG principles, sourcing practices, SOX regulations, and compliance standards.
  • Excellent negotiation, communication, and relationship-building skills.
  • Proficiency in data analysis, sourcing, or procurement software, and familiarity with SOX documentation and healthcare regulatory requirements.
  • Ability to work independently and manage multiple projects simultaneously.
Benefits

Solventum offers a competitive compensation package, including a base salary of $137,439 - $167,981, plus variable incentive pay, if eligible. Additionally, benefits include Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences, and Retirement Benefits.



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