Vice President Federal Regulatory Compliance And Systems

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Vice President, Federal Regulatory Compliance and Systems

Duties: Monitoring, interpreting and ensuring compliance with Federal Title IV regulations. Provide direction to ensure that all areas of ITT/ESI are in compliance with Federal Title IV regulations. Develop and maintain procedures to assess, monitor, report, escalate and remediate student financial aid risk and compliance related issues. Assess policies, procedures and controls to identify needed improvements. Collaborate with affected departments to develop improvement plans and implement those plans. Work with Information Technology resources to design, develop and maintain continuous improvements and automation of student financial aid functions. Oversee and execute ongoing compliance monitoring that includes auditing of student financial aid packaging to ensure compliance with regulations and internal policies. Perform random quality assurance testing on processed student financial aid files and other Title IV issues. Recommend and develop corrective action plans as needed to mitigate risk. Perform reviews of Title IV Return of Funds calculations, ensuring calculations are accurate and funds are returned timely. Develop and oversee implementation of corrective action plans to remediate issues as needed. Collaborate with the VP, Student Finance on oversight of all federal and internal student financial aid audits and program reviews as it relates to Federal Title IV at the corporate and campus levels to ensure all compliance audit requirements are administered proactive and successfully. Assist in the coordination of information gathering for annual student financial aid audits. Ensure adequate and timely corrective action is addressed and implemented for all audits and program reviews. Collaborate on the development and implementation of the Company’s policies and procedures related to student financial aid to ensure alignment with the Company’s strategic objectives and compliance with all Federal Title IV requirements. Manage and oversee the applications and fulfill regulatory reporting requirements timely for the U.S. Department of Education regarding Title IV activity. Research and monitor student financial aid related legislation and regulations affecting the Company. Prepare reports on a regular basis to keep senior management informed of changes in legislation and regulation, their impact on the company and recommended improvements to ensure ongoing compliance. Serve as a liaison with regulatory agencies on federal student financial aid regulatory compliance matters. Act as a subject matter expert and provide materials and training in the area of federal student financial aid regulatory compliance, with a particular emphasis on Federal Title IV. Review the Company’s publications related to federal student financial aid for compliance with corporate policies and procedures, ethical practices, and the guidelines of government organizations. Provide leadership, direction, motivation and supervision of direct reports as appropriate. Oversee the training and development of employees. Screen, interview, hire, and oversee headquarters employees responsible for financial aid. Guide employees and oversee their work to ensure compliance with policies and procedures, ethical practices, and the guidelines of government and accrediting organizations. Effectively communicate in person and by telephone with supervisors, direct reports, employees and external contacts. Read and understand written documents. Communicate information and ideas in written or electronic form in order for others to understand. Work full-time and maintain regular and predictable attendance. Able to work occasional evenings and weekends.

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