Compliance, Risk and Business Manager

Inovalon•Bowie, MD

7h•$90,600 - $140,000•Onsite

About The Position

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.

Requirements

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 conducting or coordinating compliance risk assessments, compliance reviews, audits or control evaluations.
Demonstrated ability to influence stakeholders without direct authority and build credibility with senior management and executive leadership through effective communication and presentation.
Experience developing management reports, dashboards, metrics, and data analysis to measure program performance, monitor remediation activities, identify trends and support risk-based decision-making.
Strong analytic, project management and interpersonal skills.
Solid verbal and written communication skills.
Ability to lead, set priorities and work on multiple tasks in a fast-paced, team-oriented environment.
Strong knowledge of MS Office, including Word, Excel and Visio.
Detail oriented with excellent follow-up skills.

Nice To Haves

Experience supporting product compliance, regulatory compliance, or governance initiatives within a technology environment preferred.
Experience collaborating across global teams, including U.S. and India-based stakeholder is preferred.

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.
Adhere 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 data handled or services rendered in the undertaking of the position.
Fulfill those responsibilities and/or duties that may be reasonably provided by lnovalon 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.