Compliance Analyst Healthcare Services
About The Position
UMB’s Healthcare Services team delivers healthcare payment solutions including custodial services for health savings accounts (HSAs) and private label, multipurpose debit cards to insurance carriers, third-party administrators, software companies, employers and financial institutions. UMB Healthcare Services is one of the top custodians in the country and is a growing team within UMB, with a focus on an expanding product set along with customized solutions tailored to our partners. This team is critical to UMB’s growth strategy and allows our customers to have a single relationship for their banking and HSA needs. As the Healthcare Services Compliance Analyst, you will provide leadership and oversight of compliance and risk management requirements for lines of business. Working in the Healthcare Services division can be exciting, challenging, and rewarding. Our team is helpful, passionate, and well supported from all levels of UMB. We are a performance driven group who is focused on client solutions, growing within the industry, and remaining as a top choice in healthcare services. It is an environment where the associates take pride in their work, support each other, provide the resources needed to succeed, and always work as a team.
Requirements
- Bachelor's degree or equivalent in Accounting, Finance or Business Administration (w/ strong emphasis in Accounting or Finance)
- At least two (2) years compliance or audit experience with a financial institution or consulting firm
- Working knowledge and understanding of consumer compliance and operational risk concerns specific to the Healthcare Services line of business.
Responsibilities
- Partner with business unit to identify potential risk, provide guidance on effective mitigation strategies and implement necessary controls to limit risk exposure.
- Create, implement and administer a supplemental third party onboarding and oversight program for Healthcare Services clients.
- Lead and assist business partners in defining corrective actions to resolve issues identified by regulatory examinations, internal audits, self-assessments, or Corporate Risk Management observations.
- Conduct transaction testing, as needed, to validate regulatory compliance of product and service enhancements.
Benefits
- Paid Time Off
- 401(k) matching program
- annual incentive pay
- paid holidays
- comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
- health savings, flexible spending, and dependent care accounts
- adoption assistance
- employee assistance program
- fitness reimbursement
- tuition reimbursement
- associate wellbeing program
- associate emergency fund
- various associate banking benefits
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
