Risk & Compliance Analyst at Inovalon – Hyderabad

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. Therefore, 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 healthcares 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 Risk and Compliance Analyst is internal to Inovalon a part of the Enterprise Risk and Compliance department that partners with Technology, business groups, and project teams to perform risk and compliance activities for applications, infrastructure, and vendor third parties. In addition, this position supports enterprise security, risk, and compliance initiatives that improve Inovalons security posture, management control systems, liaises with the company's external audit firm, and helps foster an appreciation for a strong control environment across the organization. Candidate must be able to build working relationships and drive change with various levels of management on an enterprise scale, and be able to articulate how assessment results translate to business risk for the organization.

Duties and Responsibilities:

• Participant in cross functional teams and business groups for enterprise risk and compliance projects;
• Identify, document, test, assess, and remediate potential IT risk areas and inquiries of applications, business processes, requirements are integrated into Inovalon products and information systems and other departments as needed;
• Support the departments execution and delivery of risk-based IT assessments and SOC compliance activities; - Perform reviews such as data integrity, Information security risk assessments, technical compliance reviews, third party vendor in conjunction with HIPPA vendor management program;
• Prepare deliverables/reports for review by the Risk and Compliance management and senior leadership that include issues, trends and other micro/macro level risks identified through the execution of IT internal control work and other assurance-related activities;
• Creates compliance documents or project artifacts in standard situations; identifies root causes of risk, security, and/or compliance incidents that arise, solve and escalate as necessary to resolve them;
• Develop and utilize collaborative networks with key contacts within and outside of their immediate organization; and
• Assist with department response to prospective client Request for Proposal (RFP), periodic client inquiries and control assessments, and other third party inquiries.
• Maintain compliance with Inovalons policies, procedures and mission statement;
• Adhere to all confidentiality and HIPAA requirements as outlined within Inovalons 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; and
• Fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the Employer.

Job Requirements:

• Security / Audit-related certifications preferred, such as CISA, CISSP, CRISC;
• 2+ years of experience collaborating in teams and working within the areas of Internal Audit, Technology Governance, Risk Assurance, and/or Internal Controls. Healthcare industry experience is a plus;
• Familiarity with COSO/COBIT internal control framework a plus; and
• An in-depth understanding of core information technology processes and controls, current trends in corporate information technology and emerging themes in the market place.

Education:

• Bachelors degree in Business, Technology, and/ or equivalent work experience;

Physical Demands and Work Environment:

• Sedentary work (i.e. sitting for long periods of time);
• Exerting up to 10 pounds of force occasionally and/or negligible amount of force;
• Frequently or constantly to lift, carry push, pull or otherwise move objects and repetitive motions;
• Subject to inside environmental conditions; and
• Travel for this position will include less than 5% locally usually for training purposes.

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)

If you dont meet every qualification listed but are excited about our mission and the work described, we encourage you to apply. Inovalon is most interested in finding the best candidate for the job, and you may be just the right person for this or other roles.

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