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FileImport - Inovalon, Inc. | Inovalon

Compliance, Risk and Business Manager

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What they do

A Risk Manager evaluates risk and recommends and manages strategies to mitigate or offset risks that could result in financial losses for a company or organization. Analyzes current risks and assesses potential new risks. Reviews contracts and insurance policies; prepares risk budgets. Communicates risk policies and procedures to staff at all levels of a company.

$113,505 / year median in Maryland

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Job Description

Compliance, Risk and Business Manager Inovalon was founded in 1998 on the belief that technology, and data specifically, would empower the transformation of the entire healthcare ecosystem for the better, improving both outcomes and economics. At Inovalon, we believe that when our customers are successful in their missions, healthcare improves. Tfore, we focus on empowering them with data-driven solutions. And the momentum is building.

Together, as ONE Inovalon, we are a united force delivering solutions that address healthcare's greatest needs. Through our mission-based culture of inclusion and innovation, our organization brings value not just to our customers, but to the millions of patients and members they serve.
Overview:
The Compliance, Risk and Business Manager is responsible for advancing the Company's compliance posture, fulfilling customer regulatory obligations and managing key legal and risk management initiatives that support the Company's strategic objectives. This role partners closely with business stakeholders to integrate compliance into business initiatives, identify and address compliance risks and promote the consistent implementation of regulatory, contractual and internal requirements. The position also develops and maintains compliance metrics, dashboards and trend analyses to provide management with meaningful insights into compliance program performance, emerging risks and operational effectiveness.
Duties and Responsibilities:
Serve as a program manager for key compliance and risk management initiatives, ensuring effective coordination, execution, monitoring and continuous improvement across the organization.

Manage and conduct compliance and risk assessments in conjunction with Legal, Enterprise Procurement, Security, and other teams.

Partner with business stakeholders to identify, assess and address compliance risks associated with business operations, products, strategic initiatives and regulatory change.

Lead and coordinate enterprise and product-specific compliance risk assessments, compliance reviews and related activities to evaluate compliance with legal, regulatory, contractual and internal requirements.

Manage compliance remediation initiatives by tracking corrective actions, validating completion, identifying trends and escalating issues, as appropriate.

Support compliance-related third-party risk identification, assessment, and mitigation activities by facilitating implementation of policies, processes, and controls designed to manage vendor and business partner risks.

Develop, monitor, and continuously enhance compliance metrics, key performance indicators, dashboards and trend analyses to measure program effectiveness, identify emerging risks, and inform management decision-making.

Prepare and present regular compliance and risk reports to the Chief Legal Officer and other senior management, providing meaningful analysis of program performance, key metrics, emerging risks, trends, remediation activities, and significant compliance initiatives.

Ability to work effectively with Legal, Privacy, Security, Procurement, Product, Operations, Commercial, and other business teams.

Work collaboratively with India-based partners and cross-functional teams to support compliance, risk management, reporting, and operational initiatives across time zones.

Maintain compliance with lnovalon's policies, procedures and mission statement.

Ad to all confidentiality and HIPAA requirements as outlined within lnovalon's Operating Policies and Procedures in all ways and at all times with respect to any aspect of the ...For full information see follow application link. Inovalon provides equal employment opportunities (EEO) to all employees and applicants for employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, or protected veteran status and will not be discriminated against on the basis of disability.