Compliance, Risk and Business Manager

Inovalon; Texarkana (TX); Hybrid; USD 120,000 - 180,000; Full time

Job summary

Inovalon seeks a Compliance, Risk and Business Manager to advance the company’s compliance posture within a healthcare technology and data environment. You will partner with Legal, Privacy, Security, Procurement, Product, Operations and Commercial to identify, assess and address enterprise regulatory risks and ensure policy adherence.

This hybrid role is based at our Bowie, Maryland headquarters with two onsite days per week (Tuesdays and Wednesdays) and additional in-office presence as needed

Qualifications

• Bachelor’s degree or equivalent work experience required
• 8+ years in compliance, risk management, legal operations, internal audit or related field
• Experience with third-party risk management and vendor governance
• Knowledge of healthcare regulatory and privacy considerations
• Ability to translate regulatory requirements into practical risk terms
• Experience coordinating risk assessments and audits

Responsibilities

• Manage and coordinate healthcare compliance and risk initiatives across the Company.
• Conduct compliance and risk assessments with Legal, Enterprise Procurement, Security, and other teams.
• Identify, assess and address healthcare regulatory and compliance risks across operations, products and regulatory changes.
• Lead and coordinate enterprise and product-specific compliance reviews and related activities for regulatory compliance.
• Track remediation initiatives, validate completion, identify trends, and escalate issues as needed.
• Support third-party risk identification, assessment, and mitigation by implementing policies and controls.
• Develop, monitor and enhance compliance metrics, dashboards and trend analyses.
• Prepare and present compliance and risk reports to senior management with insightful metrics.

Skills

Third-party risk

Healthcare compliance

Regulatory risk

Governance

Data privacy

Vendor governance

Cross-functional collaboration

Stakeholder communication

Education

Bachelor’s degree

Tools

MS Office

Job description

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.

Duties And Responsibilities

• 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.

Education

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

Experience

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

Skills And Abilities

• 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 management.
• Experience conducting or coordinating compliance risk assessments, compliance reviews, audits or control evaluations.
• 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 stakeholders, is preferred.
• 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.

Working Conditions And Physical Demands

• This is a primarily sedentary role. The employee is regularly required to sit, talk, and hear for extended periods of time, and also required to repetitively use manual labor to operate a computer keyboard and other office equipment.
• The employee may occasionally need to stand, walk, or lift and/or move up to 10 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This position is not eligible for immigration sponsorship (e.g. H-1B, TN, or E-3). Applicants must be authorized to work in the United States as a condition of employment. (This is only applicable for US-based positions)

By embracing inclusion, we enhance our work environment and drive business success. Inovalon strives to provide equal opportunities to the communities where we operate and to our clients and everyone whom we serve. We endeavor to create a culture of inclusion in which our associates feel empowered to bring their full, authentic selves to work and pursue their professional goals in an equitable setting. We understand that by fostering this type of culture, and welcoming different perspectives, we generate innovation and growth.

Inovalon is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirement.

To review the legal requirements, including all labor law posters, please visit this link

To review the California Consumer Privacy Statement: Disclosures for California Residents, please visit this link

Work Location: If the US position is listed as remote, employees who reside within a 40-mile radius of one of our office locations in Tampa, FL; Canonsburg, PA; or Bowie, MD will follow a hybrid work schedule and are expected to work in the office two days per week (Tuesdays and Wednesdays).