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Full-Time

VP – Enterprise Compliance and Regulatory Affairs

Posted on 10/23/2024

CVS Pharmacy

CVS Pharmacy

10,001+ employees

America's leading retail pharmacy with nearly 10,000 locations nationwide.

Healthcare
Consumer Goods

Compensation Overview

$250k - $350kAnnually

+ Bonus + Commission + Short-term Incentive Program + Equity Award Program

Expert

Company Provides H1B Sponsorship

Smithfield, RI, USA

Hybrid model requires in-office presence on Tuesday, Wednesday, and Thursday.

Category
Risk & Compliance
Legal & Compliance
Requirements
  • 15+ years of compliance & regulatory experience
  • Experience in a highly regulated business such as Banking, Finance, Healthcare
  • Experience in leading / influencing in large, matrixed organization
  • Experience leading professional teams and/or projects
  • Excellent communication skills – must be able to influence at all levels
  • Ability to navigate in a fast-moving environment and provide concise and timely advice to stakeholders
  • Bachelor's Degree required
Responsibilities
  • Enterprise leadership of the design, maintenance and communication of the Company’s expectation of legal and ethical conduct in the form of a Code of Conduct. The Code of conduct shall be reviewed with executive leadership and supplemented by policies and procedures required to address compliance risk.
  • Annually prepare and present an update outlining proposed changes to our Code of Conduct and seek formal approval from the Audit Committee of the Board of Directors to adopt recommended changes.
  • Monitor changes in regulation, guidance, or strategy to identify potential areas of compliance vulnerability and risk and recommend changes to the Compliance program and/or policies, as appropriate.
  • Develop the strategy and ensure the successful delivery of the Companies compliance communications and training programs driving awareness and a culture across the enterprise.
  • Evaluate alleged violations of rules, regulations, policies and procedures and standards of conduct and recommend and/or initiate as appropriate, investigation procedures.
  • Prepare and brief senior leadership in the interpretation of compliance policies and review potential changes in business operation and/or strategy that requires compliance input.
  • Manage compliance with critical regulatory settlements, as appropriate, including coordination of compliance with Section 1557 of the Affordable Care Act in conjunction with business and legal stakeholders.

Company Stage

N/A

Total Funding

N/A

Headquarters

Woonsocket, Rhode Island

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
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Simplify's Take

What believers are saying

  • The availability of updated flu and COVID-19 vaccines at CVS Pharmacy and MinuteClinic locations nationwide positions the company as a key player in public health initiatives.
  • The Health Zones funding and collaboration with local organizations in Fresno highlight CVS Pharmacy's role in improving community health outcomes.
  • The introduction of a new store brand for snacks, beverages, and groceries could attract a broader customer base and increase in-store sales.

What critics are saying

  • The competitive landscape in the retail pharmacy sector is intense, with major players like Walgreens and Rite Aid posing significant challenges.
  • The expansion into grocery and snack products may dilute CVS Pharmacy's brand identity as a healthcare provider.

What makes CVS Pharmacy unique

  • CVS Pharmacy's integration of digital tools for scheduling vaccinations and accepting walk-ins offers a seamless and convenient experience for customers, setting it apart from competitors.
  • The company's Health Zones initiative, which focuses on community health and access to healthy food, demonstrates a commitment to social responsibility that goes beyond traditional pharmacy services.
  • CVS Pharmacy's recent launch of a new store brand for snacks, beverages, and groceries diversifies its product offerings, making it a one-stop shop for consumers.

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