AVP, Risk & Compliance

Company Description

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

Job Description

As the Assistant Vice President of Claims Risk & Compliance, you will be in a strategic leadership role responsible for ensuring our Claims division operates in a secure, responsible, and compliant manner, particularly with respect to PHI, PII, our proprietary data sets, and applications. You will be the privacy and security SME for the Claims division where you will actively promote a culture of privacy protection and data security while continually seeking opportunities to improve our compliance program and support commercial and product development activities.

Day-to-Day Responsibilities

Compliance Oversight

Lead and oversee the development, implementation, and continuous improvement of compliance, data security, and data use programs, ensuring alignment with relevant regulations, industry best practices, and company policies. Key stakeholder in evaluating customer and vendor contracts for data use, risk and compliance purposes.

Risk Assessment and Mitigation

Conduct continuous, comprehensive compliance risk assessments, identify, and quantify potential deficiencies, and recommend remediation of those deficiencies.

Policy Development

Collaborate with cross-functional team (e.g., Product, Legal, Risk Management, etc.) to create and update data security policies, procedures, and guidelines, ensuring they align with regulatory expectations and internal requirements.

Product Development

Serve as a key stakeholder and thought leader in the product development cycle to understand data use rights and authorized/permitted use of the data and positively support business activities.

Training and awareness

Ensure compliance-related training is offered to colleagues and completed timely based on specific user profiles.

Audit and Assessments

Lead and support internal and external compliance audits of data usage, including that data access is based on least privileged access. In addition, lead the completion of client assessments and the execution of audits by external entities (i.e., SOC 2, SOX).

Incident Response

Lead incident response efforts on behalf of the Claims division, its business units, and associated products for any suspected data privacy, access, or usage issue.

Continuous Improvement

Proactively identify opportunities to enhance the Claims division risk posture while balancing.

Regulatory response

Assess and lead any response to regulators related to the products we provide.

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Qualifications

About You and How You Can Excel in This Role

• Bachelor’s degree and
  • minimum of ~10 experience working in a corporate or government compliance program,
  • law degree (e.g., JD, LLB, or LLM) from an ABA-accredited law school, or
  • relevant combination of experience and education.
• Solid understanding of the US data regulatory environment, privacy law, and anti-discrimination practices (e.g., HIPAA, CCPA, Col. SB 169, etc.).
• Understanding of data use rights/permissions.
• Experience with customer contracting processes as it relates to data use, privacy, and security.
• Strong business acumen with the ability to understand and balance risk and compliance obligations with business goals.
• Strong problem-solving skills; ability to think critically and strategically to identify and solve complex business challenges.
• Ability to work in a fast-paced, dynamic environment and adapt to changing priorities.
• Report to our Jersey City, New Jersey (hybrid work model).

Additional Information

At the heart of what we do is help clients manage risk. Verisk (Nasdaq: VRSK) provides data and insights to our customers in insurance, energy and the financial services markets so they can make faster and more informed decisions.   

Our global team uses AI, machine learning, automation, and other emerging technologies to collect and analyze billions of records. We provide advanced decision-support to prevent credit, lending, and cyber risks. In addition, we monitor and advise companies on complex global matters such as climate change, catastrophes, and geopolitical issues.  

But why we do our work is what sets us apart. It stems from a commitment to making the world better, safer and stronger.  

It’s the reason Verisk is part of the UN Global Compact sustainability initiative. It’s why we made a commitment to balancing 100 percent of our carbon emissions. It’s the aim of our “returnship” program for experienced professionals rejoining the workforce after time away. And