Compliance Specialist - Monitoring

Company Description

Dr. Reddy’s Laboratories Ltd. is a leading multinational pharmaceutical company based across global locations. Each of our 24,000 plus employees comes to work every day for one collective purpose: to accelerate access to affordable and innovative medicines because Good Health Can’t Wait.

We started in 1984 with a modest investment, 20 employees and a bold vision. Today, we have research and development centres, manufacturing facilities or a commercial presence in 66 countries. 

For nearly four decades, we have stood for access, affordability and innovation based on the bedrock of deep science, progressive people practices and robust corporate governance. As the pharmaceutical industry evolves and undergoes disruption, we see an opportunity – to strengthen our core further (the next steps) and to build the future (the new bets).

‘The Next and the New’ is how we aim to continue to be the partner of choice – purpose-driven, future-ready and sustainable.  Our aim is to reach over 1.5 Bn+ patients across the world by 2030 by growing our core businesses and building for the future with sustainability at the core of our purpose and strategy. Sustainability for us means operating in a manner that respects people, planet and purpose – helping us conserve precious resources, serve our patients, create value for stakeholders, give back to society, fulfil our potential and maintain our integrity and transparency

Dr Reddy’s maintains a work environment, free from discrimination and is an equal opportunity employer. We are committed to employ & nurture all qualified diverse workforce without regard to race, colour religion, nationality, sex, age, disability status, genetics, sexual orientation, gender expression, citizenship or any other characteristic or classification protected by applicable law(s) of the country we operate in. We treasure every talent, and recognize merit and diversity in our organization.

Job Description

Job Summary: We are looking for an experienced Compliance Specialist - Monitoring for leading and  execution of various compliance audits as per the annual audit plan. You will be involved in the assigned investigations and internal audits, and will play an important role in understanding, evaluating various controls and processes in relation to compliance aspects of the key compliance polices.  This position will work closely with other compliance team members and support initiatives from various subject matter experts and stakeholders in the compliance, legal, and finance departments.

Roles & Responsibilities

• Development and delivery of the risk-based annual Compliance monitoring plan and methodology.
• Drive Compliance oversight through the testing and monitoring program.
• Monitoring transactions of marketing activities involving interaction with healthcare professionals and ensure adherence with Global marketing code as well as local and regional marketing codes.
• Integrate various data sources to gain comprehensive insights across compliance risk areas.
• Conducting in-depth root cause analysis, identification of processes and controls which are working and not working and suggesting corrective and preventive actions.
• Review, update and investigate data from pertinent data sources to ensure a high level of quality, accuracy and timeliness. Liaise with cross-functional teams to ensure compliance data quality is optimal or otherwise remediated.
• Identify areas for enhancement of systems and controls operated by the company.
• Use analytical and statistical techniques to measure the drivers of risk and effectiveness of controls.
• Work closely with Compliance colleagues to complete ad-hoc analysis, question assumptions, define key metrics, design dashboards, and deliver compliance reports.
• Participating in the training, communication, and sensitization of the aspects of Code of Business Conduct and Ethics (COBE) and other key compliance policies.
• Preparing and presenting of key findings for senior management and recommend risk management strategies to address identified risks effectively.

Educational qualification: Associated Charted Accountant/ CA

Minimum work experience:

• 8-10 years in a compliance or internal audit or risk management or related role.
• Having knowledge of US FCPA and anti-bribery and anti-corruption laws and regulations will be plus.

Skills & attributes:
Technical Skills

• Demonstrated understanding of the general pharmaceutical business, showcasing knowledge of industry dynamics, trends, and challenges.
• Good analytical skills, attention to detail and be able to demonstrate a good knowledge of control design and root cause analysis.
• Proficiency in data analytics and advanced technologies used in compliance monitoring.
• Strong proficiency in conducting investigations and gathering evidence.
  
  • Behavioural skills
  • Strong written and oral communication abilities, facilitating effective expression of ideas.
  • Demonstrates analytical thinking, enabling effective problem-solving and decision-making.
  • Ability to multitask and manage a variety of business requirements simultaneously.
  • Approaches tasks with a positive "can-do" attitude, demonstrating optimism and a solution-oriented mind set.
  • Effective people management skills with colleagues and clients, fostering positive relationships.
  • Competence in operating effectively within a diverse and complex matrix organization.