Associate - Business Development - Compliance

Mayo Career Site UK; Rochester (MN); On-site; USD 90,000 - 120,000; Full time

Job summary

The Mayo Clinic Business Development team seeks an Associate to support post-deal compliance activities across its portfolio. You will interpret contractual obligations, track partner performance, coordinate internal stakeholders, and help ensure adherence to financial and operational terms on multiple projects while identifying and escalating risks.

This role is not remote; you should live within driving distance of a Mayo Clinic campus and be on site two to three days per week.

Job description

The primary responsibility of this position is to directly support the mission of Mayo Clinic Business Development through post-deal compliance activities related to Business Development’s portfolio of active agreements. The Associate will serve as an individual contributor responsible for interpreting, tracking and supporting enforcement of contractual obligations, monitoring partner performance, coordinating internal stakeholders, and ensuring adherence to financial and operational terms. This role includes maintaining compliance documentation, supporting reporting and audit activities, identifying and escalating risks, and assisting in the resolution of compliance issues. The Associate will be expected to work on multiple projects simultaneously, and to organize and manage work accordingly.

Business Development is organized around three functional Work Units. This Associate role is part of the Commercialization Work Unit and will work collaboratively with colleagues in all three Work Units:

• Commercialization - Evaluate the commercial potential of a variety of medical inventions and discoveries coming from Mayo's clinical and research activities, developing and implementing technology sales and marketing plans, managing the patent process, identifying potential commercial partners, negotiating license agreements and other commercialization arrangements, managing relationships with industry and advising Mayo physicians and scientists regarding protection of intellectual property and technology-based business matters.
• Technology Development - Identify, evaluate, and support the development and protection of new technologies and intellectual property arising from Mayo Clinic’s research and clinical activities.
• Partnerships - Source, evaluate, and develop new business opportunities for Mayo Clinic, including partnerships, collaborations and other strategic transactions.

This role is not remote relative to location, with an expectation that the incumbent will live within reasonable driving distance of a Mayo Clinic campus, and will be able to be on campus – on average – two to three days per week. Mayo Clinic has four locations which are considered “on campus” for in-person purposes: our main presence in Rochester, MN; a satellite office in Eagan, MN, which is a suburb of Minneapolis/St. Paul; our campus in Jacksonville, FL; and our campus in Phoenix, AZ. The successful candidate will need to commit to being able to be in-person at one of these campuses as per our expectations.