Compliance, Risk and Business Manager

Location: This hybrid role is based at our corporate headquarters in Bowie, Maryland. The current onsite expectation is two days per week (Tuesdays and Wednesdays), with additional in-office presence as needed based on business needs.

Overview:
The Compliance, Risk and Business Manager is responsible for advancing the Company’s compliance posture and managing key legal, regulatory and risk initiatives in a complex healthcare technology and data environment. The role partners with business stakeholders to identify and address compliance and enterprise risks, fulfill customer regulatory obligations, and integrate compliance considerations into business initiatives. 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.

• Serve as a program manager for key healthcare compliance and risk management initiatives, ensuring effective coordination, monitoring and continuous improvement across the Company.
• 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 healthcare regulatory and compliance risks associated with business operations, products 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 compliance and risk reports to senior management, providing meaningful analysis of key metrics, emerging healthcare regulatory/compliance risks 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 Inovalon's policies, procedures and mission statement.
• Adhere to all confidentiality and HIPAA requirements as outlined within Inovalon's Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position.
• Fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the Company.
• Uphold responsibilities relative to the separation of duties for applicable processes and procedures within your job function.
• We reserve the right to change this job description from time to time as business needs dictate and will provide notice of such.

• Bachelor’s Degree in Arts/Sciences (B.A./B.S.) or equivalent work experience required

• 8+ Years of relevant experience in compliance, risk management, legal operations, internal audit or a related function required

• Experience supporting third-party risk management, vendor governance or related compliance activities.
• Experience working in a healthcare, healthcare technology, health data or similarly regulated environment and understanding the regulatory and compliance considerations that affect enterprise risk.
• Experience evaluating risks associated with healthcare technology, health data or technology-enabled services including regulatory, compliance and privacy considerations.
• Experience evaluating new products, technologies, data uses, vendors or business initiatives from both a regulatory/compliance and broader enterprise risk perspective.
• Ability to translate complex healthcare regulatory and compliance requirements into practical risk considerations for business leaders and senior…