Full-Time

Legal Compliance Officer

Confirmed live in the last 24 hours

Penumbra Inc

Penumbra Inc

1,001-5,000 employees

Develops medical devices for vascular conditions

Biotechnology
Healthcare

Compensation Overview

$125k - $200kAnnually

+ Competitive Compensation Package + Equity Program

Senior, Expert

Alameda, CA, USA

Position requires onsite presence in Alameda, CA.

Category
Risk & Compliance
Legal & Compliance
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree with 8+ years of experience, or equivalent combination of education and experience.
  • Strong oral, written, and interpersonal communication skills.
  • High degree of accuracy and attention to detail.
  • Proficiency with MS Word, Excel, and PowerPoint.
  • Excellent organizational skills with ability to prioritize assignments while handling various projects simultaneously.
Responsibilities
  • Lead compliance team operations and functions, including drafting and reviewing policies and procedures, performing regular risk assessments, and conducting audits and investigations.
  • Review and revise current compliance team initiatives, programs, and operations, and implement and execute appropriate, risk-based updates to those.
  • Continually monitor and advise management of potential compliance risk areas.
  • Advise, collaborate with, and support global operations and functions (including sales, marketing, vendor/supplier management and finance) on compliance matters to ensure adherence with laws, regulations, standards, guidelines, and Penumbra’s Code of Conduct.
  • Support training programs for personnel on compliance and ethics topics.
  • Lead anti-bribery/anti-corruption program related to third parties, including distributors, regulatory agents, and strategic partners.
  • Oversee compliance program for risks related to interactions with healthcare professionals.
  • Manage outside counsel and consultants as needed to fulfill the Company’s compliance function.
  • Develop strong relationships across departments and with senior management to maintain open lines of communication and support a culture of compliance.
  • Select, manage, train, and develop staff. Establish objectives and assignments and provide ongoing feedback through performance reviews and development plans.
  • Adhere to the Company’s Quality Management System (QMS) as well as domestic and global quality system regulations, standards, and procedures.
  • Understand relevant security, privacy and compliance principles and adhere to the regulations, standards, and procedures that are applicable to the Company.
  • Ensure other members of the department follow the QMS, regulations, standards, and procedures.
Desired Qualifications
  • Medical device, pharmaceutical, biotech, or other regulated industry experience desired.
  • In-depth knowledge and understanding of applicable regulatory and compliance requirements for companies in the life sciences preferred; strong preference for international compliance experience.
  • Experience with Fair Market Value assessments and methodology a plus.
  • Experience with global transparency reporting requirements (e.g., U.S. Physician Payments Sunshine Act) a plus.
  • 5 years of experience in a supervisory role desired.

Penumbra Inc. specializes in creating medical devices aimed at treating neurovascular and peripheral vascular conditions. Their products, such as the Penumbra System and the Indigo System, are designed to assist healthcare professionals in addressing issues like stroke and other vascular diseases. These devices work by providing advanced tools for interventions in neurology and vascular surgery, allowing for effective treatment options. Unlike many competitors, Penumbra focuses on a specific range of conditions and invests heavily in research and development to continuously enhance their offerings. The company's goal is to deliver high-quality medical devices that meet the needs of healthcare providers and improve patient outcomes.

Company Stage

IPO

Total Funding

$116.7K

Headquarters

Alameda, California

Founded

2004

Growth & Insights
Headcount

6 month growth

1%

1 year growth

1%

2 year growth

1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for minimally invasive procedures aligns with Penumbra's product offerings.
  • The global neurovascular devices market is projected to grow at 8.5% CAGR until 2030.
  • Penumbra's European launch of BMX81 and BMX96 expands its market presence.

What critics are saying

  • Recent layoffs in the Immersive Healthcare division may indicate financial strain.
  • The EMBOLIZE trial could divert resources from core product lines.
  • Regulatory challenges in Europe may impact sales of new products like BMX81 and BMX96.

What makes Penumbra Inc unique

  • Penumbra offers a comprehensive range of neuro and peripheral vascular devices.
  • The company focuses on innovative solutions for stroke and neurovascular disease treatment.
  • Penumbra's global presence spans North America, Europe, Asia, and Australia.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Parental Leave

Paid Vacation

Paid Sick Leave

Paid Holidays