Compliance Officer

7 days ago

Glen Ellyn, Illinois, United States College of DuPage Full time
Job Summary

The College of DuPage is seeking a highly skilled Financial Aid Compliance Officer to join our team. As a key member of the Student Financial Assistance department, this role will be responsible for ensuring compliance with federal, state, and institutional policies and procedures related to financial aid.

Key Responsibilities
  • Coordinate and complete financial aid data analysis activities, assessments, and reporting requirements for quality assurance and compliance with financial aid regulations.
  • Collaborate with the leadership team in the Office of Student Financial Assistance to ensure all federal, state, and institutional policies and procedures are accurate and current.
  • Serve as a lead researcher for suspected cases of financial aid fraud and ensure institutional policies & procedures regarding financial aid fraud are in compliance with federal and state guidelines & regulations.
  • Review regulations associated with federal and state aid to determine potential and/or required changes to current administrative processes.
  • Partner with the Assistant Director of Student Financial Assistance & the Associate Director of Student Financial Assistance & Scholarships with drafting and implementing the federal, state, and institutional compliance policies within the Student Financial Aid Office.
  • Analyze college guidelines and practices provided by individual departments to mitigate the risk of financial aid fraud.
  • Manage the Financial Aid fraud prevention activities and convene the fraud task force.
  • Lead investigator for students suspected of financial aid fraud.
  • Responsible for reporting cases of financial aid fraud and serve as a primary point of contact to the Office of Inspector General.
  • Audit student eligibility for federal and state aid programs.
  • Serve as a member of the Student Financial Assistance Leadership Team and Student Affairs Council meetings.
  • Train SFA team on policies and procedures and present on new policies and regulatory changes.
Qualifications
  • Bachelor's degree in accounting, finance, business administration, Higher Education Administration or a related field required.
  • Minimum of five (5) years of progressively responsible experience in a Financial Aid Department required.
  • Demonstrated experience effectively making decisions that have major implications on the management and operations within a department required.
  • Demonstrated experience in a role requiring diverse problem-solving methods in a variety of situations required.
  • Comprehensive knowledge of U.S. Department of Education financial aid theories, concepts and practices with the ability to use in complex, difficult and/or unprecedented situations as it pertains to the departmental focus required.
  • Excellent organizational and prioritization skills with demonstrated attention to detail, time-management skills required.
  • Ability to be creative and exercise initiative.
  • Ability to adjust to changing priorities and respond appropriately to deadlines.
  • Possess excellent written, verbal and interpersonal communication skills.
  • Ability to promote collaboration, teamwork, and involve all stakeholders in decision-making processes.
  • Demonstrated basic Project Management skills required.
  • Intermediate-level proficiency with Microsoft: Outlook, Word, Excel, and PowerPoint required.
  • Ability to confidentially and discreetly handle subject matters requiring privacy and sensitivity.
  • Ability to develop and maintain relationships with key contacts to enhance work flow and quality.
Working Conditions
  • This position requires background check and drug screening at the College's expense.
  • Must not be in default on federal student loans to have authorization to access Federal Student Aid databases (NSLDS, COD, FAAaccess).

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