Director, Risk & Compliance

Director, Risk & Compliance

Our healthcare system is the leading cause of personal bankruptcy in the U.S. Every year, over 50 million Americans suffer adverse financial consequences as a result of seeking care, from lower credit scores to garnished wages. The challenge is only getting worse, as high deductible health plans are the fastest growing plan design in the U.S.

Cedar's mission is to leverage data science, smart product design and personalization to make healthcare more affordable and accessible. Today, healthcare providers still engage with its consumers in a "one-size-fits-all" approach; and Cedar is excited to leverage consumer best practices to deliver a superior experience.

The Role

Cedar is seeking an experienced healthcare compliance professional to lead our compliance function, including enhancing, scaling and maintaining our compliance programs. This is an exciting opportunity to help shape the compliance function at a high-growth company. The Director, Risk & Compliance will report to the General Counsel. Preference for candidates in New York, NY.

In this position you will:

• Create and drive a long-term strategy and structure for Cedar' Compliance function, including hiring, managing, and developing Cedar's compliance team and establishing metrics and monitoring processes to demonstrate effectiveness of the Compliance function, which address the OIG's 7 Elements of an Effective Compliance Program.
• Lead and handle all stages of compliance audits, ensuring successful completion across all frameworks including HITRUST, SOC2, ISO and PCI audit engagement, data/artifact collection, exception remediation and monitoring.
• Further develop, implement and mature the Company's third-party risk management (TPRM) program, as well as oversee compliance regarding Cedar's interactions and arrangements with healthcare providers, insurance companies and other significant business partners.
• Manage Cedar's compliance policies, guidance, SOPs and training, in accordance with growing and evolving business needs and applicable regulations.
• Identify new and emerging risks within the business and respond with a risk posture calibrated to business needs, including enabling innovation and growth imperatives.
• Partner with Legal to ensure comprehensive risk support, including assisting in incident investigation and response, and managing litigation, disputes and regulatory inquiries.
• Lead the Company's Corporate Compliance Committee, designing and delivering meaningful and effective presentations to senior management and the Board of Directors.
• Establish effective working relationships and build credibility within Cedar to support a culture of ethics and compliance.
• Collaborate with cross functional teams, such as legal, security, finance, engineering, product, IT and servicing, to build and strengthen operational compliance and address compliance program considerations.
• Collaborate with your teammates; learn from them and teach them.
• Work with outside counsel, consultants, and vendors and recommend such partnering if and when needed.
• In partnership with our operations experts, select, implement and optimize GRC and other tooling needed to support the Company's compliance program; manage the Compliance budget effectively.

What We Look For In An Ideal Candidate

• At least 10 years of relevant compliance experience
• Bachelor's degree required; Certification in Healthcare Compliance (CHC) and Healthcare Privacy Compliance (CHPC), or similar certifications preferred
• An enthusiasm for building a great compliance function in a company that's still growing and scaling
• Demonstrated success building and leading a healthcare or healthcare-adjacent compliance program. Previous experience in tech/start-up/emerging growth companies preferred.
• In-depth knowledge of laws, regulations, standards and guidelines applicable to healthcare businesses, including privacy and data security (HIPAA, HITRUST, SOC2, PCI, NIST), medical billing and anti-kickback statutes
• A caring and motivational manager, capable of attracting, developing and advancing great talent and leading a distributed team, drawing on strengths to achieve common goals
• Substantial experience working collaboratively and effectively with cross-functional teams. We're a small and mighty team where Compliance and Legal functions operate in a combined department and we're often closely paired with teams such as Security, IT, Product, Finance and Servicing.
• Experience selecting, implementing and optimising GRC tooling; experience with Vanta a plus

Compensation Range

• Salary $212,500 - $250,000
• This role is equity eligible
• This role offers a competitive benefits and wellness package

*Subject to experience, and education

#LI-REMOTE

What Do We Offer To The Ideal Candidate?

• A chance to improve the U.S. healthcare system at a high-growth company! Our leading healthcare financial platform is scaling rapidly, helping millions of patients per year
• Unless stated otherwise, most roles have flexibility to work from home or in the office, depending on what works best for you
• For exempt employees: Unlimited PTO for vacation, sick and mental health dayswe encourage everyone to take at least 20 days of vacation per year to ensure dedicated time to spend with loved ones, explore, rest and recharge
• 16 weeks paid parental leave with health benefits for all parents, plus flexible re-entry schedules for returning to work
• Diversity initiatives that encourage Cedarians to bring their whole selves to work, including three employee resource groups: be@cedar (for BIPOC-identifying Cedarians and their allies), Pridecones (for LGBTQIA+ Cedarians and their allies) and Cedar Women+ (for female-identifying Cedarians)
• Competitive pay, equity (for qualifying roles), and health benefits, including fertility & adoption assistance, that start on the first of the month following your start date (or on your start date if your start date coincides with the first of the month)
• Cedar matches 100% of your 401(k) contributions, up to 3% of your annual compensation
• Access to hands-on mentorship, employee and management coaching, and a team discretionary budget for learning and development resources to help you grow both professionally and personally

About Us

Cedar was co-founded by Florian Otto and Arel Lidow in 2016 after a negative medical billing experience inspired them to help improve our healthcare system. With a commitment to solving billing and patient experience issues, Cedar has become a leading healthcare technology company fueled by remarkable growth. "Over the past several years, we've raised more than $350 million in funding & have the active support of Thrive and Andreessen Horowitz (a16z).

As of November 2024, Cedar is engaging with 26 million patients annually and is on target to process $3.5 billion in patient payments annually. Cedar partners with more than 55 leading healthcare providers and payers including Highmark Inc., Allegheny Health Network, Novant Health, Allina Health and Providence.