Job Description

About This Role

The Head of Enterprise Risk Management (ERM) is a key role responsible for overseeing and managing the organization's overall risk management strategy. This individual is entrusted with identifying, assessing, and mitigating risks that could impact the company's operations, finances, reputation, and stakeholders. The Head of ERM plays a critical role in ensuring the organization's long-term sustainability and success by fostering a risk-aware culture and implementing robust risk management practices.

What You’ll Do

Risk Assessment and Analysis:

• Lead the process of identifying and analyzing potential risks across the entire organization, including financial, operational, strategic, compliance, and reputational risks.
• Conduct risk assessments and scenario analysis to evaluate the potential impact and likelihood of risks materializing.
• Develop risk profiles and risk registers to prioritize and communicate the most critical risks to the senior management team and the Board of Directors

Risk Mitigation Strategies:

• Develop and implement comprehensive risk mitigation strategies, action plans, and frameworks to minimize the identified risks effectively.
• Collaborate with various business units to ensure that appropriate risk controls are in place, and risk management practices are embedded in day-to-day operations.
• Recommend risk-transfer mechanisms such as insurance or risk-sharing partnerships to address specific risks.

Risk Governance and Reporting:

• Establish and maintain a robust risk governance structure, including policies, procedures, and risk appetite guidelines, aligned with industry standards and best practices.
• Create regular reports and presentations for the senior management team and the Board of Directors, providing insights into the organization's risk profile, trends, and effectiveness of risk mitigation efforts.
• Facilitate risk discussions and workshops, fostering a risk-aware culture across the organization.

Regulatory Compliance:

• Monitor and interpret changes in relevant laws, regulations, and industry standards related to risk management.
• Ensure that the organization's risk management practices comply with applicable legal and regulatory requirements.
• Collaborate with internal audit and compliance teams to support risk-related audits and assessments.

Crisis and Business Continuity Management:

• Collaborate with crisis management teams to develop response plans for potential crises or major risk events.
• Ensure the organization is adequately prepared to respond to emergencies, including business continuity and disaster recovery planning.

Stakeholder Engagement:

• Engage with internal stakeholders, including business units, finance, legal, compliance, and human resources, to foster a risk-aware culture and enhance risk management processes.
• Act as the primary liaison with external stakeholders, including regulatory bodies, auditors, and rating agencies, regarding risk management matters.

Who You Are

You are collaborative leader with the ability to influence stakeholders at all levels of the organization. Using your strong communication and presentation skills, you have the ability to convey complex risk information to diverse audiences effectively. You are a strategic thinker that can anticipate potential risks and take action to mitigate in a timely manner.

Qualifications

Required Skills

• Experience (typically 5+) in risk management or compliance related function, preferably with a portion of that experience in a leadership role within a large organization.
• In-depth understanding of various risk categories and their impact on an organization's operations and strategic objectives.
• Proven experience in developing and implementing risk management or compliance program strategies, frameworks, and policies.
• Direct experience (5+ years) in pharmaceutical/life sciences industry operations
• Strong analytical and problem-solving skills, with the ability to think strategically and anticipate potential risks.
• Excellent communication and presentation skills, with the ability to convey complex risk information to diverse audiences effectively.
• Demonstrated leadership and people management skills, with the ability to build and lead a high-performing risk management team.
• Ability to collaborate and influence stakeholders at all levels of the organization.
• Knowledge of relevant laws, regulations, and industry standards related to risk management and compliance.

Additional Information

Why Biogen?

Our mission to find therapies for neurological and rare diseases is a unique focus within our industry and this shared purpose is what connects us as a team. We work together to overcome obstacles and to follow the science. We are resilient as we strive to make an impact on our patients’ lives and on changing the course of medicine. Together, we pioneer. Together, we thrive.

At Biogen, we are committed to building on our culture of inclusion and belonging that reflects the communities where we operate and the patients we serve. We know that diverse backgrounds, cultures, and perspectives make us a stronger and more innovative company, and we are focused on building teams where every employee feels empowered and inspired. Read on to learn more about our DE&I efforts.

All qualified applicants will receive consideration for employment without regard to sex, gender identity or expression, sexual orientation, marital status, race, color, national origin, ancestry, ethnicity, religion, age, veteran status, disability, genetic information or any other basis protected by federal, state or local law. Biogen is an E-Verify Employer in the United States.