Treasury Operations Risk and Compliance Lead

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:

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
Job Summary:
Treasury Operations risk and compliance Lead plays a critical role in safeguarding the organization’s assets and reputation. This position is responsible for developing, implementing, and monitoring risk management and compliance frameworks that align with regulatory requirements and best practices. The ideal candidate will possess a strong understanding of risk management principles and compliance regulations, with the ability to analyse complex situations and provide actionable recommendations.

Key Responsibilities:

Risk Assessment:

• Conduct comprehensive risk assessments across Treasury organization to identify, evaluate, and prioritize risks.
• Utilize risk assessment tools and methodologies to quantify risks and determine potential impact on operations.
• Collaborate with business units to identify and analyse risks associated with new initiatives, projects, and changes in operations.

Compliance Monitoring and Reporting:

• Develop and maintain compliance monitoring programs to ensure adherence to internal policies and external regulations.
• Regularly review and assess compliance controls (SOX or operational) and procedures; recommend enhancements as needed.
• Prepare detailed reports on compliance findings, including trends and areas for improvement, and present to senior management and relevant stakeholders.

Policy Development and Implementation:

• Design and implement risk management and compliance policies, procedures, and frameworks that reflect regulatory requirements and industry standards.
• Review existing policies for relevance and effectiveness; revise and update policies to ensure alignment with changing regulations.

Training and Awareness Programs:

• Develop and deliver training sessions for employees on compliance obligations, risk management practices, and ethical standards.
• Create awareness programs that promote a culture of compliance and risk consciousness throughout the organization.

Incident Management:

• Lead investigations into compliance breaches or risk events, documenting findings and recommending corrective actions.

Collaboration and Stakeholder Engagement:

• Collaborate with various departments, including Legal, Finance, IT, and Operations, to identify and mitigate compliance risks.
• Liaise with external regulators, auditors, and industry bodies to ensure compliance with applicable laws and regulations.

Continuous Improvement:

• Stay updated on industry trends, regulatory changes, and emerging risks; assess their impact on the organization and recommend necessary adjustments to risk management strategies.
• Participate in industry forums and professional development opportunities to enhance knowledge and skills.

Qualifications:

• Education:
  • Bachelor’s degree in Finance, Business Administration, Risk Management, Law, or a related field. A Master’s degree or relevant certifications (e.g., Certified Risk Manager (CRM), Certified Compliance & Ethics Professional (CCEP), or similar) are preferred.
• Experience:
  • Minimum of 8 to 10 years of experience in risk management, compliance, internal audit, or related fields, preferably within [specific industry, e.g., financial services, healthcare, etc.].
  • Proven experience in conducting risk assessments and compliance audits.
• Skills:
  • Strong analytical skills with the ability to assess complex information and make sound decisions.
  • Excellent written and verbal communication skills, with the ability to convey technical information to non-technical stakeholders.
  • Proficiency in risk management and compliance software tools, as well as Microsoft Office Suite (Excel, Word, PowerPoint).
  • Strong project management skills with the ability to manage multiple priorities and meet deadlines.

Solventum is committed to maintaining the highest standards of integrity and professionalism in our recruitment process.  Applicants must remain alert to fraudulent job postings and recruitment schemes that falsely claim to represent Solventum and seek to exploit job seekers.

Please note that all email communications from Solventum regarding job opportunities with the company will be from an email with a domain of @solventum.com. Be wary of unsolicited emails or messages regarding Solventum job opportunities from emails with other email domains.

Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.

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