Hemofarm is a member of STADA Group, one of the largest global generic pharmaceutical companies, which successfully operates in both the markets of Serbia and Western Balkans. Hemofarm produces high quality pharmaceutical products within the leading pharmacotherapeutic groups, observing the key corporate values: Agility, Integrity, Entrepreneurship and ONE STADA.

Compliance Expert - Third Party Due Diligence

Place of work: Belgrade

About the job: The Compliance Expert - Third Party Due Diligence, will be responsible for conducting thorough due diligence checks on third-party business partners to ensure compliance with regulatory requirements and internal policies. This role involves assessing potential risks, identifying red flags, and providing recommendations to mitigate compliance risks associated with third-party relationships.

Key Responsibilities:

1. Due Diligence Checks:
   • Conduct comprehensive due diligence on new and existing third-party business partners.
   • Review and analyze third-party information, including financial records, legal documents, and public records.
   • Identify and assess potential compliance risks, including anti-bribery, corruption, and sanctions risks.
2. Risk Assessment:
   • Evaluate the risk profile of third-party business partners based on due diligence findings.
   • Categorize third parties according to risk levels and recommend appropriate risk mitigation measures.
   • Maintain and update risk assessment records and databases.
3. Compliance Monitoring:
   • Monitor third-party activities to ensure ongoing compliance with regulatory requirements and internal policies.
   • Conduct periodic reviews and audits of third-party relationships.
   • Report any compliance breaches or red flags to the Director Legal - Third Party Due Diligence & Sustainability.
4. Documentation and Reporting:
   • Prepare detailed due diligence reports and risk assessments for review by senior management.
   • Maintain accurate and up-to-date records of all due diligence activities.
   • Provide regular updates and reports on the status of third-party due diligence checks.
5. Training and Awareness:
   • Assist in developing and delivering training programs on third-party due diligence and compliance requirements.
   • Raise awareness of compliance risks and best practices among internal stakeholders.
6. Collaboration:
   • Work closely with other departments, including Legal, Procurement, and Finance, to ensure a coordinated approach to third-party due diligence.
   • Liaise with external due diligence service providers as needed.

Qualifications:

• Bachelor’s degree in law, Business, Finance, or a related field.
• Minimum of 3 years of experience in compliance, risk management, or a related area.
• Strong understanding of regulatory requirements and compliance best practices.
• Excellent analytical and research skills.
• Strong attention to detail and ability to identify potential risks.
• Effective communication and report-writing skills.
• Ability to work independently and as part of a team.

Preferred Qualifications:

• Experience with due diligence software and tools.
• Very good knowledge of international anti-bribery and anti-corruption regulations.
• Language Skills: Fluent in English is a must; Russian would be beneficial.

We Offer:

• Private healthcare insurance (with the option of privileged usage for family members)
• Ongoing professional development through specialized education and training
• A platform for learning 14 foreign languages, using various learning styles, including conversation courses
• Personalized mental health and well-being support for employees and their families through the Kyan Health app