Financial Aid Compliance, Risk & Research Specialist II

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Conducts research and analysis to identify and assess financial aid fraud, compliance risks, and irregular activity. Supports fraud prevention, compliance monitoring, risk mitigation, and regulatory responses through data analysis, investigations, and documentation.

Job Category: Exempt

Pay Basis: Annually

Subject to Grant Funding? No

• 1. Conducts research and risk assessments to identify potential indicators of financial aid fraud, misrepresentation, irregular activity, non-compliance, or other financial aid-related risks.
• 2. Analyzes student, financial aid, enrollment, and institutional data; conducts quality assurance reviews; identifies anomalies and trends; and escalates potential concerns to leadership and appropriate university officials.
• 3. Supports the prevention, detection, and investigation of financial aid fraud by researching unusual transactions, student activity, financial aid activity, data anomalies, and other indicators of potential fraud or abuse. Documents investigative findings, supporting evidence, and recommended follow-up actions while maintaining appropriate records.
• 4. Assesses compliance vulnerabilities and internal controls and assists in developing, revising, implementing, and maintaining policies, procedures, monitoring controls, reports, and processes designed to prevent, detect, and mitigate financial aid fraud, non-compliance, and operational risk.
• 5. Conducts and supports recurring financial aid, student records, compliance, and other FAAR-related reporting requirements.
• 6. Maintains the financial aid compliance matrix and compliance calendar, monitoring regulatory requirements, required activities, deadlines, follow-up items, and deliverables to support timely institutional compliance.
• 7. Researches and assesses potential financial aid compliance risks and vulnerabilities and assists in developing corrective, preventive, and risk-mitigation actions. Monitors follow-up activities and supports implementation of identified improvements.
• 8. Supports internal and external financial aid audits, program reviews, investigations, and compliance inquiries by coordinating information requests, researching institutional records, preparing supporting documentation, identifying relevant evidence, and tracking responses and required follow-up actions.
• 9. Supports requests from University Legal Counsel and other University offices by conducting research, gathering and analyzing relevant information and documentation, and coordinating responses with the Director and appropriate institutional stakeholders.
• 10. Participates in the development and maintenance of financial aid compliance training materials, workshops, communications, and online training addressing federal, state, and institutional requirements, fraud prevention, risk awareness, and compliance responsibilities.
• 11. Coordinates the University's response to student complaints referred by the U.S. Department of Education. Gathers and reviews relevant information and documentation from appropriate institutional departments; conducts research and fact-finding; prepares institutional responses; coordinates internal review; and ensures timely submission in accordance with applicable Department of Education and institutional deadlines.
• 12. Coordinates the compilation and disclosure of student education records in response to authorized requests from federal student loan servicers. Gathers, reviews, and organizes responsive records and ensures all disclosures are handled in accordance with FERPA, applicable federal requirements, and institutional policies.
• 13. Conducts comprehensive research and review of U.S. Department of Education Borrower Defense to Repayment claims, including in-depth examination of each borrower's academic,…