THE OPPORTUNITY 

• Are you passionate about safeguarding IT systems and ensuring compliance?
• Do you have a sharp eye for identifying IT risks?
• Do you enjoy leveraging data analytics to enhance IT audit processes?
• Do you want to be part of a mission-driven bank?

ABOUT THE COMPANY

The Federal Home Loan Bank of Cincinnati is a regional wholesale bank providing financial services for residential housing and economic development to 600+ member-stockholders in the FHLB System’s Fifth District of Kentucky, Ohio, and Tennessee. Eligible stockholders include banks, thrifts, credit unions, insurance companies and community development financial institutions.  They are one of 11 Federal Home Loan Banks nationwide, a system created by Congress in 1932 to support housing finance.  Their mission is to provide members with reliable funding to support housing finance, affordable housing and community investment, and assist with their balance sheet management.

 WHAT YOU’LL BE DOING

Reporting to the VP, Internal Audit, the IT Audit Officer is responsible for leading high-impact IT audit focused programs, including Sarbanes-Oxley (SOX) compliance leveraging NIST and COBIT frameworks, department initiatives, and continuous monitoring activities. Assist in coordinating the integration of data analytics into audit methodologies, leveraging technology to enhance audit efficiency and effectiveness. Works closely with business and IT Leaders to evaluate risk management practices, internal controls, and regulatory compliance within the IT and cybersecurity environment.

The IT Audit Officer will assist in developing a comprehensive risk assessment and annual audit plan, managing engagements in accordance with audit methodologies and professional standards. The IT Audit Officer is expected to drive department initiatives, such as evaluating emerging risks (cloud security, AI, third-party risk management) and overseeing the continuous enhancement of audit methodologies, including advanced data analytics integration.

Provides leadership and guidance to an IT audit team, including Data Analytics professionals, fostering a culture of innovation and continuous improvement in audit execution. The IT Audit Officer will develop reports with practical recommendations and presents key insights to senior management and the Audit Committee.

The IT Audit Officer role will include:

• Assist in shaping IT audit strategy, methodology, and risk-based prioritization.
• Oversee IT audit projects, SOX compliance assessments, and IT risk, security, and data governance initiatives. Manage deadlines, budgets, and audit quality while leveraging NIST and COBIT frameworks to evaluate IT controls.
• Lead and develop the Internal Audit Data Analytics function, incorporating analytics-driven approaches into audit planning, fieldwork, and reporting. Provide strategic direction on leveraging data analytics for continuous monitoring and risk assessment.
• Interact with management and staff to understand the relevant risks, controls, and processes and challenges the status quo for continuous alignment.
• Foster relationships with business and auditors, complete the audit plan, and represent the audit department as a trusted advisor to the business.
• Manage the development of audit reports identifying deficiencies and underlying root causes; provides recommendations to mitigate/address deficiencies while adding value to the organization. Communicate and discuss findings with business unit management.
• Maintain and understanding of the industry and regulatory requirements, the Bank’s Information technology environment and material developments to ensure Internal Audit activity is sufficient and relevant to delivering timely assurance over material risks and business areas.
• Committed to continuing education by maintaining updated knowledge of rules, regulations, and standards in internal audit, information technology, accounting, and related matters of interest to the department and management.

IDEAL CANDIDATE QUALIFICATIONS AND EXPERIENCE

• Bachelor’s degree in information systems, computer science, accounting, finance or related field of study.
• 8+ years of internal audit experience in the financial industry, prior experience in a leadership or supervisory role is preferred.
• Certified Information Systems Auditor (CISA), Certified Information Systems Security Professional (CISSP), Certified Internal Auditor (CIA), or Certified Bank Auditor (CBA) designation.
• Knowledge of generally accepted accounting principles and Institute of Internal Auditor’s Professional Practices Framework.
• Knowledge of TM+ Software, preferred.

KEY PERSONAL ATTRIBUTES

• Build strong relationships, fosters teamwork, and drives positive change across departments.
• Develops and communicates a clear vision while aligning team efforts with company objectives.
• Supports professional growth by providing guidance, feedback, and development opportunities.
• Demonstrated commitment to diversity and inclusion. Promotes an environment of empathy and respect.

OUR COMMITMENT TO CANDIDATES

Gilman Partners is committed to strengthening leadership teams and elevating talent in our communities—and that means all qualified applicants will receive consideration. You do not have to meet every qualification in this job description to apply. If you’re drawn to the position and believe your experience makes you a good fit, we encourage you to reach out.

ADDITIONAL COMMENTS

This is a hybrid work environment: three days in the office are required (Tuesdays-Thursdays).