Nelnet Chief Audit Officer in Draper, Utah
Nelnet is a diversified and innovative company committed to enriching lives through the power of service as a student loan servicer, professional services company, consumer loan originator and servicer, payments processor, and K-12 and higher education expert. For over 40 years, Nelnet has been serving its customers, associates, and communities.
The perks of working at Nelnet go beyond our benefits package. When you join the Nelnet team, you're part of a community invested in the success of each individual. That support comes through in our work, as we are united by our mission of creating opportunities for people where they live, learn, and work.
The candidate selected for this position will have a proven background in internal audit, including information technology, financial, operational and compliance controls, ideally in a technology or financial services company. They will have exceptional business leadership skills and be able to demonstrate superior business acumen. As Chief Audit Executive (CAE) the candidate will bring best-in-class thinking to the internal audit function relative to risk assessment, utilization of automated audit tools, and the development of the audit process. The CAE will be an experienced internal audit leader who enjoys hands-on involvement in projects and in developing a durable internal audit methodology suitable to a fast-paced company.
The Chief Audit Executive (CAE) will report functionally to the NNI and Nelnet Bank Audit Committees and administratively to the NNI Chief Financial Officer (CFO).
The CAE is responsible providing independent assurance of Nelnet’s internal control environment to management and the Audit Committees. To this end, the CAE is responsible for building and maintaining and effective internal audit function (Audit Services).
The CAE and Audit Services, with strict accountability for confidentiality and the safeguarding of records and information, is guaranteed full, unrestricted access to all of Nelnet’s records, physical properties and associates pertinent to carrying out its responsiblities. The CAE has unrestricted access to the Audit Commitees.
• Understand Nelnet’s objectives, risk profile, and system of internal control.
• Lead Audit Services and its activities in accordance with Nelnet’s Code of Ethics and Conduct as well as relevant professional and industry practices, such as the Institute of Internal Auditors International Standards for the Professional Practice of Internal Auditing (Standards) and ISACA’s IT Audit Framework. Periodically report to the Audit Committees on the related quality assurance and improvement plan.
• Confirm to management and the Audit Committees, at least annually, the organizational independence of Audit Services.
• Drive the evaluation and adequacy and effectiveness of Nelnet’s governance, risk management, and internal processes designed to achieve Nelnet’s stated goals and objectives. Report periodically on the internal audit activity’s purpose, authority, responsibility and performance relative to its plan.
• Facilitate the relationships and coordinating engagements with the independent public accountants or other third-party external auditors as deemed necessary by the CAE and management.
• Provide feedback regarding the quality of performance of the independent public accountant and the degree of coordination with internal audit.
• Drive the execution of the annual independent risk assessment and development of three-year internal audit plan, as well as executing the three-year internal audit plan. Monitor trends related to Nelnet’s risk profile or system of internal control and report any impacts to management and the Audit Committee(s) as appropriate.
• Report significant changes to the three-year internal audit plan to the Audit Committee(s) and obtain their approval for such changes.
• Approve the preparation of presentations to management at the conclusion of each audit. Approve audit reports that communicate the results and are easy to understand.
• Communicate findings with clients in a timely manner, obtaining client agreement on the root cause of issues and committing to implementing recommendations.
• Follow-up and evaluate implementation of corrective actions on a timely basis, and communicate the results to management and the Audit Committees.
• Perform consulting and advisory services related to governance, risk management and control as appropriate.
• Build and manage a team of skilled, competent professionals, utilizing outside experts as necessary.
• Assist Legal and Compliance on the investigation of whistleblower complaints and other matters.
• Coordinate efforts with other control and monitoring functions (risk management, compliance, security, legal, ethics, environment and external auditors).
• Report the impacts of resource limitations, conflicts of interest, undue influence, or non-conformance with polices or standards to the Audit Committee(s).
A bachelor’s degree (or equivalent) in information systems, information technology, management information systems, accounting, or similar technology-related field. Advanced degree preferred.
At least 10 years of experience working in a professional environment. Progressive roles and experience in internal or external audit, quality assurance, process improvement, technology, and/or accounting desired. At least 7 years of experience managing people. Existing professional certification required (e.g., CPA, CIA, CFSA, CRMA). Exposure to the internal control systems of public companies, including information technology, data analytics, risk, compliance, financial statements to include all aspects of the financial presentation, accounting systems, tax issues, SEC filings, and SOX compliance preferred. Public company experience preferred
COMPETENCIES – SKILLS/KNOWLEDGE/ABILITIES:
Demonstrated ability to lead self and others and clearly communicate verbally and in writing.
Desire to learn new concepts and think independently.
Demonstrated ability to analyze complex data to foster critical thinking, problem solving, and decision making.
Expert knowledge of information systems, auditing, data analytics, quality assurance and control concepts.
Demonstrated ability to build relationships, work in teams, interact with many levels of management and external parties, and remain objective in diverse situations.
Demonstrated ability to identify, hire, manage, and develop a diverse staff.
Ability to travel (up to 20%).
Colorado Resident Only: Salary Range for this role is $250,000-$300,000.
Our benefits package includes medical, dental, vision, HSA and FSA, generous earned time off, 401K/student loan repayment, life insurance & AD&D insurance, employee assistance program, employee stock purchase program, tuition reimbursement, performance-based incentive pay, short- and long-term disability, and a robust wellness program. Click here to learn more about our benefits: LINK (http://nelnetinc.com/careers/benefits/) .
Nelnet is an Equal Opportunity Employer, complies with Executive Order 11246, and takes affirmative action to ensure that qualified applicants are employed, and that employees are treated during employment, without regard to race, color, religion/creed, national origin, gender, or sex, marital status, age, disability, use of a guide dog or service animal, sexual orientation, military/veteran status, or any other status protected by Federal or State law or local ordinance.
Qualified individuals with disabilities who require reasonable accommodations in order to apply or compete for positions at Nelnet may request such accommodations by contacting Corporate Recruiting at 402-486-5725 or email@example.com .
Nelnet is a Drug Free and Tobacco Free Workplace.