Chief Compliance Officer, Optum Financial

$188,000 - $357,600/Yr

UnitedHealth Group - Eden Prairie, MN

Full-time - Senior

Eden Prairie, MN

Insurance Carriers and Related Activities

About the position

This position is a strategic role within Optum Financial, responsible for leading the compliance program for Optum Financial and Optum Bank. The role involves providing industry expertise, strategic guidance, and support to executive leadership while ensuring compliance with regulatory requirements in the financial services sector. The position emphasizes the importance of a culture of compliance and ethics, aiming to enhance compliance practices across the organization.

Responsibilities

• Create and drive comprehensive compliance strategy for Optum Financial and Optum Bank.
• Provide leadership and guidance on compliance, ethics, and regulatory issues to reduce risk and enable business growth.
• Establish and measure a top-down culture of compliance and ethics in partnership with business leadership.
• Manage compliance professionals supporting Optum Financial and provide oversight to the Optum Bank compliance program.
• Accountable for the overall compliance function, ensuring effective detection, prevention, and correction of compliance issues.
• Develop, implement, and update policies, procedures, and best practices to promote compliance with laws and obligations.
• Create training and educational materials to support compliance, ethics, and privacy agendas.
• Conduct routine monitoring and annual compliance risk assessments.
• Enforce standards through disciplinary guidelines in partnership with the People team.
• Respond promptly to detected offenses and undertake corrective action.
• Provide analysis and reporting to executive leadership and the board of directors/audit committee.
• Manage communications and compliance engagement with regulators in partnership with legal and business teams.
• Collaborate with various functional areas to ensure compliance with laws and regulations.

Requirements

• JD or other relevant advanced degree preferred or at least 10 years of relevant compliance and regulatory experience.
• 5+ years leading compliance and regulatory functions in the financial services industry.
• Solid knowledge of compliance and regulatory matters relevant to the financial services industry.
• Strong communication skills and business acumen.
• Experience working with senior executives.
• Self-starter with a proven track record of driving results in a heavily matrixed environment.
• Solid leadership skills with demonstrated ability in managing and developing others.
• Collaborative, innovative, accountable, and agile team leader.
• Excellent strategic decision-making, analytic, influence, and communication skills.

Benefits

• Comprehensive benefits package
• Incentive and recognition programs
• Equity stock purchase
• 401k contribution