What's Happening?
EisnerAmper, a prominent accounting, tax, and business advisory firm with approximately 450 partners and 4,500 employees globally, is actively seeking a Risk Management Manager for its Financial Advisory Services (FAS) practice. This role is critical
for identifying and addressing professional, regulatory, and operational risks within FAS, which provides services such as restructuring, bankruptcy, and complex litigation. The manager will be responsible for developing practical controls, workflows, and training to support engagements from intake through case closure. The position involves close collaboration with FAS leadership, engagement teams, the Office of General Counsel, firmwide risk management, and external counsel when necessary. The ideal candidate will have a bachelor's degree in accounting, finance, business administration, or a related field, along with over eight years of experience in risk management, quality control, or compliance within a professional services organization. A working understanding of restructuring, bankruptcy, complex litigation, and financial advisory engagements, including Assignments for the Benefit of Creditors (ABC) matters, is essential. The role also requires knowledge of independence and conflicts-of-interest requirements applicable to professional services firms.
Why It's Important?
This hiring initiative by EisnerAmper underscores the increasing complexity and regulatory scrutiny within the financial advisory sector. The firm's focus on strengthening its risk management capabilities reflects a broader industry trend where robust internal controls are paramount for maintaining client trust and regulatory compliance. For the U.S. business landscape, this move highlights the critical importance of specialized risk management in areas like restructuring and bankruptcy, which are often high-stakes and legally intricate. Effective risk management helps protect both the firm and its clients from potential legal liabilities, financial losses, and reputational damage. The role's emphasis on developing practical controls and training indicates a proactive approach to mitigating risks, which can lead to more stable and reliable financial advisory services for businesses navigating challenging economic or legal situations. This also signals a demand for skilled professionals in risk and compliance, impacting the job market for financial and legal experts.
What's Next?
The successful candidate will be tasked with shaping risk management across a complex and fast-paced practice, ensuring the firm and its clients are protected while maintaining high-quality client service delivery. This will involve continuously monitoring engagements for developing risk issues, such as scope changes, fee disputes, or confidentiality concerns, and escalating matters to leadership as warranted. The manager will also be responsible for tracking regulatory and professional standards developments in restructuring, bankruptcy, and complex litigation, translating them into practical guidance for engagement teams. Furthermore, the role includes developing and delivering risk management training for FAS professionals, covering topics like independence, conflicts checks, and documentation standards. This ongoing effort will contribute to EisnerAmper's ability to adapt to evolving regulatory landscapes and maintain its competitive edge in the financial advisory market.
Beyond the Headlines
The creation of this specialized Risk Management Manager role at EisnerAmper reflects a deeper industry-wide recognition of the evolving nature of risk in professional services. Beyond mere compliance, the position emphasizes proactive risk identification and mitigation, suggesting a shift towards embedding risk management into the operational fabric of financial advisory practices. This approach not only safeguards against immediate threats but also fosters a culture of ethical conduct and due diligence. The focus on areas like restructuring and bankruptcy highlights the ethical and legal complexities involved in advising distressed businesses, where the implications of mismanagement can be severe for all stakeholders. By investing in robust risk management, firms like EisnerAmper are implicitly acknowledging the increasing demand for transparency and accountability from clients and regulators alike, potentially setting new benchmarks for industry best practices in managing intricate financial and legal challenges.
