Risk & Compliance Lead

Job Role: Senior Consultant/Lead - Risk & Compliance

Location: Chennai & Hyderabad

Qualification (Education/ Experience/Certifications):

6+ years of relevant experience in IT Risk & Compliance

Job Summary:

IT Risk and Compliance Lead is responsible for managing IT risks, ensuring compliance with standards and policies, and adhering to statutory and regulatory frameworks

Role and Responsibilities:

• Responsible for the effective management of IT risks compliance with applicable standards and policies, and adherence to statutory and regulatory frameworks.
• Take part in team projects or initiatives. Coordinate with impacted departments to identify necessary changes to policies, procedures, processes, and technology based on the identification of legislative, regulatory, sub-regulatory, and licensing / accreditation requirements from the Regulatory Guidance team.
• Translate and communicate compliance requirements into business and technical requirements for impacted stakeholders and systems.
• Provide regular, executive summaries/abstracts to Risk Partners, Business Unit leadership, and/or the Audit Committee of the Board of Directors as required.
• Create and execute complex regulatory implementation strategies for assigned legislative, regulatory, sub-regulatory, and licensing / accreditation requirements across multiple jurisdictions, including assessments of the regulatory impact of changes to people, processes, and technologies deployed across the enterprise.
• Support all external audits of the organization, including ensuring that a) appropriate agreements are in place before the release of any information, b) the release of information is in accordance with applicable laws and organizational policies, c) information provided to the auditors is complete and accurate, d) chain of custody is maintained, and e) disruption to the daily operations of the Company is minimized.
• Standardize documentation and tracking of audits, market conduct exams, regulatory reviews, and external accreditation assessments of the organization.
• During an audit, engage senior Business Unit leadership and removing barriers for outside parties.
• Prepare and/or provide status reporting to Risk Partners, accountable management, and the Audit Committee of the Board of Directors as necessary.
• Standardize and expand internal and external risk intake (hotlines, inboxes, self-service, inquiries, vendor pipeline, incident & problem management systems, strategic initiative portfolio, etc.), and provide a streamlined, consistent point of entry for risk tracking, assessment, treatment, and monitoring for all of Highmark Health.
• Leverage analytics programs, decision support systems, and standards that apply to complex information sets in order to make logical and supported risk & regulatory implementation recommendations.

Requirements:

• 6+ years of experience in IT Risk and Compliance
• Experience in Audit, Risk and Third-party governance
• Good Communication Skills.
• Exposure to US Clients would be an added advantage.