August 8, 2016 – Storbeck / Pimentel & Associates has been retained by the University of North Texas Health Science Center (UNTHSC) to lead its search for a new chief compliance officer.
The CCO position reports to the president and has direct access to the audit committee of the board of regents.
The position is responsible for leadership and guidance in establishing and implementing an effective compliance program that addresses regulatory requirements governing UNTHSC.
The incumbent CCO will be responsible for coordinating internal compliance education, training and review, and for monitoring compliance activities to ensure that effective policies and procedures are in place and that UNTHSC is in compliance with applicable statutory, regulatory, and other standards. The executive will work with leadership of UNTHSC to conduct periodic risk assessments to identify potential areas of compliance vulnerability and risk, and act as an advisor to leadership with respect to all compliance matters.
The candidate should be a highly experienced compliance professional who leads the compliance program at UNTHSC. He or she will be responsible for overseeing and coordinating a comprehensive compliance program addressing the regulatory requirements for research and grant activities and conduct, professional medical services, other highly regulated risk areas, and defined institutional risks, as well as directives from leadership. Supervisory duties include managing the compliance staff. The CCO functions independently and objectively in reviewing and evaluating compliance issues and concerns within UNTHSC and advises and provides guidance on matters relating to compliance.
- A minimum of seven years of compliance experience in an academic research or healthcare environment, with training / experience in OMB Circular A-21 federal grants compliance, human subjects research, HIPAA / HITECH, clinical trials, healthcare compliance (including healthcare billing compliance), responsible conduct of research, regulatory affairs, lab safety and biosafety and environmental health and safety;
- Thorough knowledge of healthcare and research compliance and the regulatory requirements impacting an academic medical center with significant focus on research and demonstrated success of working with leadership to integrate compliance into daily operations;
- Visionary, collaborative leadership experience leading teams in a complex organization;
- Experience managing a comprehensive compliance program, including developing and implementing appropriate training and internal monitoring activities, and an experienced team of compliance professionals;
- Demonstrated credibility and effectiveness in interacting with leadership, research administration, investigators, faculty and staff, and outside regulatory officials;
- A Juris doctorate is strongly preferred;
- Experience with audit committee of board of regents or board of directors;
- Progressive responsibilities in a comprehensive compliance program, preferably in an academic medical center or health science center setting, and an understanding of the complexities and operational processes associated with a large and complex research portfolio including the ability to assess and appropriately calibrate the levels of risk associated with specific types of issues.
UNTHSC is one of the nation’s distinguished graduate academic health science centers, dedicated to education, research, clinical care and community engagement. In the heart of Fort Worth’s Cultural District on a 33-acre campus, the UNTHSC is located adjacent to several museums (Amon Carter Museum of American Art, Kimbell Art Museum, Fort Worth Museum of Science and History, Modern Art Museum of Fort Worth, National Cowgirl Museum, and others) and the Will Rogers Coliseum. The UNTHSC campus consists of 1.4 million square feet of facilities housing lecture halls, training rooms, patient care facilities and research labs.
Storbeck / Pimentel has an established history in recruiting top leadership for higher educational institutions. The firm is minority and female owned and counts more than 25 consultants and support staff located in two main offices in Los Angeles and Philadelphia, with three affiliated offices in Vermont, Virginia and Florida.
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Finding senior leadership within the compliance function is exceedingly complex today, as companies face intense pressure under the current regulatory environment. It therefore requires leadership who can foster close collaboration between compliance and other corporate functions as well as communicate to a more complex and sophisticated set of stakeholders, internally and externally.
According to a recent Heidrick & Struggles report, sharply rising demand for compliance talent, the absence of a clear career path in the discipline, and greater need for compliance executives with leadership and influencing skills are creating difficult challenges for organizations seeking to identify and retain talent in a world of increasing regulation.
“The demand is so great for internal auditor and compliance executives that recruiters are looking outside the financial services industry for candidates,” said Michael P. Kelly, president of New York-based Michael Kelly & Associates, which specializes in financial services. “The skills sets are transferrable but there is a learning curve to understand the sector they are auditing.”
Maurice Gilbert, managing partner of Dallas-based Conselium, a boutique search firm that specializes in recruiting compliance professionals, has also seen a major uptick in activity, particularly for chief compliance officers.
“About nine years ago companies that were in highly regulated industries like financial services, medical devices and pharmaceuticals saw a critical need to bulk up in the compliance area,” said Mr. Gilbert.
The result: Mr. Gilbert has seen a 20 percent, year-over-year growth rate for compliance professionals as a direct result of ongoing or potential measures being taken by the U.S. government to investigate companies they potentially deem as having behaved improperly or who have not been compliant with new regulatory measures.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media