Central Bank & Trust Co

Chief Audit Executive (S)

Central Bank & Trust Co$150K — $180K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Finance, Business Administration, or related field (advanced degree preferred)
  • CPA, CIA, or comparable professional certification required
  • Extensive audit, accounting, risk management, or regulatory experience with leadership responsibility
  • Demonstrated experience leading an Internal Audit function within a financial institution, preferably a comparable or larger bank
  • Strong knowledge of risk management practices, internal controls, governance frameworks, and banking regulations
  • Proven ability to identify and evaluate complex risks and communicate effectively with senior leadership
  • Exceptional interpersonal and communication skills

Responsibilities

  • Provide strategic leadership for all Internal Audit activities, ensuring compliance and objectivity
  • Develop and maintain a risk-based audit plan evaluating governance and regulatory compliance
  • Report on audit results and risks to executive management with actionable insights
  • Assess and enhance the efficiency of the Internal Audit function using technology and methodologies
  • Lead advancements in enterprise-wide audit approaches and risk visibility
  • Implement a practical approach to adopting AI and emerging technologies in audit
  • Analyze investments in personnel and technology to support scalability and growth
  • Mentor and develop audit personnel to foster accountability and improvement
  • Maintain relationships with key stakeholders while preserving audit independence
  • Monitor regulatory changes and incorporate them into audit strategies

Benefits

  • Comprehensive health and wellness benefits
  • Opportunities for professional development and continued education
  • Supportive culture with emphasis on career growth
  • Involvement in strategic decision-making at the executive level
  • Opportunity to lead transformative initiatives in audit practices
Full Job Description
POSITION SUMMARY

The Chief Audit Executive (CAE) provides strategic leadership and oversight of the Internal Audit function. This executive leader is responsible for maintaining an independent, objective assurance and consulting function designed to add value and improve the Bank's operations through effective governance, risk management, internal controls, and regulatory compliance.

The ideal candidate will bring significant banking audit leadership experience, preferably from a financial institution of similar or greater size and complexity, and will be energized by the opportunity to strengthen audit capabilities, support enterprise growth, advance technology enablement, and develop the next generation of audit talent.

ESSENTIAL DUTIES AND ACCOUNTABILITIES
  • Provide strategic leadership and oversight of all Internal Audit activities, ensuring independence, objectivity, and compliance with professional standards and regulatory expectations.
  • Develop, execute, and maintain a comprehensive risk-based audit plan designed to evaluate governance, risk management, internal controls, operational effectiveness, and regulatory compliance throughout the organization.
  • Report audit results, emerging risks, and significant control matters to executive management, providing meaningful insight and recommendations.
  • Assess opportunities for enhanced efficiency and effectiveness of the Internal Audit function, including audit methodologies, resource utilization, technology adoption, and reporting practices.
  • Lead the continued maturation of risk-based planning, technology enablement, audit reporting, and talent management programs.
  • Support acquisition and growth strategies by assisting the evolution of Internal Audit toward a more enterprise-wide approach that promotes consistency, scalability, and comprehensive risk visibility.
  • Institute a measured and practical approach to artificial intelligence adoption and other emerging technologies within the audit function.
  • Analyze and recommend investments in personnel, technology, audit methodologies, and operational processes necessary to support organizational scalability and future growth.
  • Develop, mentor, and lead audit personnel while fostering a culture of continuous improvement, accountability, professional development, and operational excellence.
  • Maintain effective relationships with executive management, regulators, and external auditors while preserving Internal Audit's independence and objectivity.
  • Monitor changes in banking regulations, accounting guidance, emerging risks, and industry best practices and incorporate them into departmental strategies and audit activities.


Core Qualifications, Education and Experience

Position Requirements
  • Bachelor's degree in Accounting, Finance, Business Administration, or a related field required; advanced degree preferred.
  • CPA, CIA, or comparable professional certification required.
  • Extensive audit, accounting, risk management, or regulatory experience with demonstrated leadership responsibility.
  • Demonstrated experience leading an Internal Audit function within a financial institution, preferably a bank of comparable or larger size and complexity.
  • Strong knowledge of accounting principles, business processes, risk management practices, internal controls, governance frameworks, and banking regulations.
  • Proven ability to identify and evaluate complex risks, analyze data, and communicate recommendations effectively to senior leadership.
  • Exceptional oral, written, presentation, and relationship management skills.
  • Valid driver's license required and ability to travel periodically to Bank locations.

Preferred Qualifications
  • Experience leading audit transformation, modernization, or technology enablement initiatives.
  • Experience supporting acquisitions, organizational growth, or enterprise-wide operating models.
  • Experience leveraging data analytics, automation, and emerging technologies to improve audit effectiveness.
  • Jefferson City, Missouri location is strongly preferred. Relocation may be required for external candidates not currently located in the Jefferson City area.
  • Experience at financial institutions of similar or larger size and complexity is strongly preferred.

Additional Requirements

Regular and reliable attendance and punctuality are required for this position. Must be able to perform the essential functions of this position

About Central Bank & Trust Co

Central Bank & Trust Co is a regional bank that provides a wide range of financial services to individuals and businesses. The bank was founded in 1946 and is headquartered in Lexington, Kentucky. Central Bank & Trust Co operates over 30 branches throughout Kentucky and has over $3 billion in assets. The bank offers personal and business banking services, including checking and savings accounts, loans, mortgages, and credit cards. Central Bank & Trust Co also provides wealth management and investment services, as well as online and mobile banking options.
Learn more about Central Bank & Trust Co
Size
400 employees
Industry
Net Income
$43 million
5 Year Trend
+5%
Revenue
$174 million

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