Subcontractor Compliance & Risk Manager

CVS Health Corporation; Irving (TX); Hybrid; USD 60,000 - 146,000; Full time

Job summary

CVS Health is seeking a results-driven Manager to join Enterprise Procurement - Subcontractor Compliance & Risk (SCR). You will ensure subcontracted vendor information is complete and accurate to satisfy client contractual obligations while strengthening enterprise risk controls.

This hybrid role involves collaboration with PBM Legal, Proposals, and Account Management to manage vendor onboarding, contract negotiations, and state-specific documentation across complex PBM engagements.

Qualifications

• Minimum of 3 years of professional experience in a corporate environment focusing on vendor management, compliance/risk, contracting, and contract negotiation.
• Bachelor's degree from an accredited four-year college or university (required and verifiable).

Responsibilities

• Serve as a subject matter expert for subcontracted vendor matters, providing clear, timely guidance on vendor-related questions and issue resolution.
• Support PBM Account Management, PBM Legal, and PBM Proposal teams by developing and delivering clear, accurate, and timely responses for RFPs, PBM client requests, and other applicable due diligence activities related to subcontracted vendor matters.
• Lead cross-functional intake and issue resolution by coordinating with internal subject matter experts to research and validate answers to client inquiries; provide proactive, executive-ready updates on progress, emerging risks, and recommended paths to resolution.
• Collaborate with PBM business owners, PBM product owners and PBM program teams to identify, onboard, and track subcontracted vendors integral to PBM operations and client deliverables.
• Develop and distribute targeted PBM client-specific subcontracted vendor lists as required, ensuring accuracy, timeliness, and completeness.
• Lead client-specific projects spanning contract negotiation and execution, client approval workflows, and the completion of required state-specific documentation.
• Engage directly with high-value clients as a trusted point of contact, providing clear, timely responses to inquiries regarding subcontracted vendor services, obligations, and delivery expectations.
• Conduct pre-execution reviews of PBM client contracts to provide evaluation of operational feasibility, compliance and subcontractor-related risks, and surface potential red flags, with clearly defined mitigation strategies and recommended contracting positions.
• Lead defined components of subcontracted vendor negotiations, including regulatory flow-down provisions and PBM client-mandated terms, ensuring requirements are unambiguous, enforceable, and operationally executable.
• Collaborate closely with PBM Legal to maintain, update, and renegotiate Medicaid flow-down requirements as regulations, products, and client obligations evolve.
• Interpret Medicaid requirements, special provisions, and applicable terms and conditions to ensure accurate flow-down of client and regulatory obligations to subcontracted vendors.
• Draft, prepare, and perform rigorous reviews of various contract documents in accordance with CVS Health policies, standards, and contracting procedures, ensuring all PBM client-required subcontractor flow-down obligations are accurately incorporated, and clearly articulated.
• Represent Enterprise Procurement and CVS Health with professionalism, discretion, and sound judgment in all internal and external interactions.
• Demonstrate strong leadership behaviors by mentoring colleagues (as applicable), actively supporting continuous development of self and others, and addressing performance concerns constructively and consistently with CVS Health expectations.

Skills

Vendor management

Contract negotiation

Compliance/risk

Contracting

Education

Bachelor's degree

Job description

CVS Health is seeking a results-driven Manager to join Enterprise Procurement - Subcontractor Compliance & Risk (SCR). You will ensure subcontracted vendor information is complete and accurate to satisfy client contractual obligations while strengthening enterprise risk controls.

This hybrid role involves collaboration with PBM Legal, Proposals, and Account Management to manage vendor onboarding, contract negotiations, and state-specific documentation across complex PBM engagements.