Compliance Specialist

Posted on8/17/2017
Job typeFull-time
Reports toDirector, Internal Audit and Compliance
Reports in officeInternal Audit & Compliance
Application due dateSeptember 6, 2017
Job start dateOctober 1, 2017
InstitutionTexas Higher Education Coordinating Board
Institution descriptionIn compliance with the state-wide hiring freeze on state agencies, the projected hire date for this position will begin after September 1, 2017.

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General Description:
Performs highly complex compliance monitoring work. Work involves evaluating and documenting compliance risks and mitigating controls and conducting desk reviews or on-site monitoring visits to institutions receiving financial aid, grants and other funds dispersed through the Coordinating Board. Works under limited supervision, with considerable latitude for the use of initiative and independent judgment. This position reports to the Director, Internal Audit and Compliance.
Job dutiesGeneral Duties and Responsibilities:
• Evaluates, assesses, and documents compliance risks and mitigating controls, including risks associated with internal program oversight and external program execution.
• Coordinates and conducts risk-based, compliance monitoring of data driving the formula funding process, as well as monitoring of funds disbursed through the Coordinating Board to institutions of higher education to ensure accuracy of data and proper use of funds
• Conducts regular monitoring of financial aid and grant expenditures and compliance and desk reviews of reports and supporting documentation and may travel to sites to conduct onsite monitoring visits and check recipient's accounting systems, case files, and databases.
• Monitors financial aid and grant programs to assess the accuracy of reporting and compliance with requirements. Prepares monitoring reports to address findings of noncompliance, recommendations for corrective action, technical assistance, or resolution of compliance issues.
• Prepares and delivers training on compliance programs to internal and external participants.
• Reviews, verifies, and examines key data reported by institutions of higher education and may recommend corrective action or comprehensive audits based upon findings.
• Documents and summarizes results of compliance assessments in accordance with auditing standards; and briefs management and other stakeholders on the results.
• Assists agency program areas with the development of written policies and standard operating procedures to ensure consistent monitoring across programs.
• Develops monitoring objectives and strategies to ensure a collaborative compliance monitoring approach with program areas and subject matter experts.
• Coordinates with internal and external subject matter experts on compliance related issues and work plans.
• Travel up to 25 percent of the time, including overnight travel.
• Performs other duties as assigned.

Knowledge, Skills, and Abilities:
• Knowledge of the principles and practices of compliance monitoring, financial examinations, and auditing.
• Knowledge of risk assessment strategies and processes, and of audit standards.
• Knowledge of State and federal regulations, statutes, and rules regarding higher education formula funding, financial aid, and academic grants.
• Skill in identifying and assessing internal control structures.
• Skill in choosing and utilizing appropriate data analysis tools, determining samples, and interpreting results.
• Skill in managing projects and applying project management tools to plan and track work progress.
• Skill in using calculators, personal computers, general office software, and databases.
• Skill in developing working papers, documenting process steps and using electronic audit software programs such as Teammate.
• Ability to work on detailed information and provide accurate, organized results.
• Ability to effectively and diplomatically handle multiple responsibilities and priorities and manage time in a fast-paced and sometimes pressured environment.
• Ability to gather, analyze, and draw accurate and logical conclusions about information and data.
• Ability to clearly and concisely communicate complex and technical information in writing and verbally.
• Ability to establish and maintain effective working relationships both internally and externally, and to interact professionally with subject matter experts, stakeholders, and management.
QualificationsRequired Minimum Education and Experience:
• Bachelor’s degree from an accredited college or university.
• Three years of relevant full-time progressively responsible experience conducting compliance monitoring and assessments, auditing, or financial examinations for a public sector entity or institution of higher education.
• Master’s degree from an accredited college or university in Accounting, Finance, Business, Management, Public Administration or a related field may substitute for one year of the experience.

• Master’s degree or above from an accredited college or university in Accounting, Business Administration, Finance, Public Administration, Management or related field.
• Experience conducting audits or compliance assessments using Teammate.
• Valid certification as a Certified Public Accountant, Certified Internal Auditor, or Certified Information Systems Auditor.
Salary range$40,000 - $60,000
Salary benefits$4350 - $5656 monthly
Application procedureJob offer and continuation of employment with THECB is contingent upon:
• Proof of education and experience listed on the application.
• Eligibility/authorization to work in the U.S.
• Satisfactory results from a pre-employment criminal history background check.

Compliance with the Selective Service Law for males ages 18-25. Please be advised that under Texas law, names and other information concerning applicants or nominees may be subject to disclosure upon request.

THECB does not allow dual employment with other state of Texas agencies or institutions.

Skills assessment may be conducted at time of interview.

Application Requirements

The Texas Higher Education Coordinating Board is an Equal Opportunity Employer. A State of Texas application is required to apply. For more information on how to apply for this position, go to the Coordinating Board’s employment opportunities website. The Texas Higher Education Coordinating Board participates in E-Verify for each new employees’ Form I-9 to confirm work authorization. For questions please call the HR Department at 512-427-6190. For vocal and/or hearing assistance call 7-1-1, (512) 427-6190.