Director of Compliance - ISMIE Mutual Insurance Company : Job Details

Director of Compliance, ISMIE Mutual Insurance Company

Location:

Chicago – Fulltime

About Us:

ISMIE is a Chicago based national professional liability insurance company that provides insurance coverage for health care professionals, small health care facilities and other professionals.

About the Position:

Company is seeking a Director of Compliance to assist in the oversight of all regulatory, internal, and operational compliance efforts. The Director of Compliance, in conjunction with other Compliance staff and the Chief Compliance Officer, develops and implements program and reporting systems to facilitate all activities necessary to protect corporate integrity and ensure that the companies and their employees are complying with all regulatory requirements, policies, and procedures. The Director of Compliance facilitates efforts to ensure that the compliance programs throughout the companies are effective and efficient in educating and monitoring compliance with all applicable laws, regulations, internal policies, and procedures to foster a culture of integrity throughout the companies.

Primary Responsibilities:

· Develop the Companies' Compliance Plan that assesses compliance risks on an enterprise-wide basis in conjunction with the Compliance Division team.

· Monitor all federal and state agency and department regulatory filings to ensure compliance with all applicable laws, rules and regulations.

· Maintain a thorough understanding of all current and upcoming laws, rules, regulations, and internal policies applicable to business operations and update that knowledge base.

· Maintain the integrity and security of all corporate records in accordance with the law and company policy.

· Plan the framework for and monitoring of the day-to-day implementation of the Compliance Plan and facilitate a review at least annually in conjunction with the Compliance Division team.

· Continually monitor the compliance activities within all business units and all business operations to remain abreast of the status of all compliance activities, identify trends and potential areas of compliance vulnerability and risk; and, as necessary, develop and implement corrective action plans for resolution of problematic issues.

· Provide guidance, education, and training to the Boards, Committees, Executive Management Team, and all employees regarding matters of compliance to ensure that these personnel have the tools necessary to operate in an effective and efficient compliance environment.

· Develop, implement, and manage the Vendor Management Program in conjunction with the Compliance Division team.

· Manage the Enterprise Risk Management Assessment in conjunction with the Compliance Division team.

· Management of the Companies Data Security Program in conjunction with the Compliance Division team.

· Manage the HIPAA Policy and Procedures, investigation, and continued compliance with the applicable laws in conjunction with the Compliance Division team.

· Develop, implement, and manage the Compliance auditing program in conjunction with the Compliance Division team.

· Maintain a thorough understanding of all current and upcoming consumer privacy, HIPAA, and data security laws, rules, regulations to update internal policies, advise on business operations and provide recommendations.

· Collaborate with other divisions to direct compliance issues to appropriate existing channels for investigation and resolution.

· Develop policies and procedures that encourage the reporting of suspected noncompliance, fraud, or abuse, and that encourage efficiency and effectiveness without fear of retaliation.

· Participate in conducting investigations when necessary, and if appropriate, act on compliance-related matters brought to his or her attention.

· Maintain the integrity and security of all corporate records in accordance with the law and company policy.

· Frequent face-to-face interaction with Compliance division employees and employees from all other divisions in the companies, including attending meetings and conducting presentations and training.

· Motivate and encourage the development of staff.

· Participate in the implementation of the service initiative and encourage development of service attitude in supervised employees.

· Provide quality service in all areas of responsibility.

· Exercise discretion and maintain a high level of confidentiality in all areas of responsibility.

· The above description is not intended to cover or contain a comprehensive listing of all activities, duties, and responsibilities that are required. Other activities, duties, and responsibilities may be assigned at any time.

Education and Certification Required for Position:

· Bachelor's degree

· Juris Doctor degree from an accredited law school

· Current license to practice law

· Corporate Compliance and Ethics Professional certification highly preferred

Specific Skills Required for Position:

· Minimum of two years' experience with compliance program management

· Experience with insurance industry HIPAA compliance

· Knowledge of legal and regulatory requirements and controls relevant to the Insurance Industry and not-for-profits at a national level

· Proven experience with Corporate Compliance and Ethics Governance

· Knowledge of legal and regulatory requirements and controls relevant to a Covered Entity and Business Associate under HIPAA (Health Insurance Portability and Accountability Act) and HITECH (Health Information Technology for Economic and Clinical Health Act)

· Familiarity with industry practices and professional standards

· Excellent oral and written communication skills

· Firm ability to use MS Word, MS Excel, and MS PowerPoint

· Integrity and professional ethics

· Professional, service-oriented demeanor required

· Well organized with exceptional attention to detail

· Ability to handle high levels of stress and complete work with a high sense of urgency

· Ability to multi-task

· Action oriented with a strong work ethic; and ability to work independently without supervision.

Compensation and Benefits:

The pay range is estimated to be between $85,000 and $175,000 per year for residents of the greater Chicagoland area. *

The Company has a robust benefit package. Coverage for benefits will be in accordance with the terms and conditions of the applicable plans, policies and associated governing plan documents.

The benefit package includes the following:

• 401(k) Retirement Savings Plan

• Medical Plan

• Dental Plan

• Vision Plan

• Healthcare FSA Medical Reimbursement Account

• Health Savings Account

• Life and Accidental Death & Dismemberment Insurance Coverage

• Supplemental Life Insurance Coverage

• Short-term Disability Benefits

• Long-term Disability Insurance Coverage

• Commuter Benefit Plan

• Legal Services Plan

• Employee Assistance Program

• Annual Allotments of Paid Sick, Personal and Vacation Time

• Eight (8) Paid Holidays

*Note: When defining the pay range for this position, several factors are evaluated and considered, including but not limited to experience, education, training, licensure, certifications, skill sets and other business needs. Geographic differentials that correlate with the location where the position may be filled have not been contemplated in the disclosed pay range estimate. Each case is analyzed thoroughly according to the factors noted.

Equal Opportunity Statement:

ISMIE is an Equal Opportunity Employer committed to supporting a diverse and inclusive work environment that promotes respect for all individuals. ISMIE adheres to a policy of non-discrimination based on race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability gender identity, Veteran status, or any other protected status recognized by applicable laws and regulations.