Risk Advisory Services Principal - Asset Management

Baker Tilly•New York City, NY

About The Position

Baker Tilly is a leading advisory, tax and assurance firm. Our Risk Advisory practice provides a full spectrum of services to help our clients assess their risks, develop strategies to compete in an ever-changing business environment, and achieve their goals and objectives. This is accomplished through deep industry knowledge of risk, governance, internal audit, compliance, IT, and cybersecurity best practices. As one of the fastest growing firms in the nation, BT has the ability to provide you with an amazing ownership experience working with some of the most entrepreneurial principals in our field. This role involves providing leadership, management, and strategic direction with a focus on exceptional client service, fostering associate growth, and achieving financial success through growth and sound fiscal decision-making. The position requires translating firm vision into an actionable business plan, collaborating with marketing on sales and marketing strategies, investigating expansion opportunities, and pursuing new clients. It also involves coordinating firm resources, ensuring team members receive meaningful training and development, and overseeing practice profitability. The role requires working closely with client executives to understand their businesses, identify and manage financial and operational risks, and ensure technology risks are managed. This includes developing in-depth client knowledge through direct interaction, thinking strategically about client businesses and risks, and providing recommendations for improvements. The Principal will provide strategic business advice, assist in implementing new processes and controls, and assess, manage, and optimize business risk across various areas like operational audit, ERM, and SOX compliance. Responsibilities include reviewing client processes and controls, identifying gaps, and communicating issues and recommendations. A significant aspect of the role is new business development, specifically targeting large health systems in the PA, NJ, and NY region for risk advisory opportunities. The role also entails producing comprehensive executive summaries and final reports, documenting engagement work papers, and acting as a valued business advisor to clients.

Requirements

Bachelor’s Degree in Accounting, Accounting Information Systems, or related program
CPA or CIA designation(s) required
Twelve (12)+ year(s) experience with risk advisory, internal/external audit, business process reengineering, and/or internal controls, with internal audit experience in the asset management setting
Seven (7)+ year(s) of supervisory experience, mentoring and counseling associates
Successful track record of building and growing a Risk Advisory practice, including building a team, a client base and managing revenue
Proven track record of new business development in the asset management industry in the PA, NJ, NY region
Ability to lead and supervise others, provide exceptional client service, demonstrate commitment to continuous learning in order to stay current regarding applicable strategies, see the "big picture" as well as the details, display appropriate ethical knowledge and commitment, and exhibit a sense of urgency and commitment to quality and the timely completion of projects.
Ability to travel as needed for client engagements

Responsibilities

Provide leadership, management and strategic direction with a focus on providing an exceptional client service experience, an environment where associates can learn and grow and financial success obtained through growth and sound fiscal decision making
Translate firm vision and strategy into an actionable business plan, provide specific objectives to be accomplished and monitor progress
Team with marketing to develop sales and marketing plans, investigate and pursue areas for expansion of services within existing client base while also pursuing new clients, actively participate in proposals
Coordinate firm resources to ensure the best products and services are provided to clients
Ensure your team members are provided with meaningful training and development opportunities, are appropriately challenged by increasingly complex work, are presented with timely and thoughtful feedback and are positively recognized for their efforts
Oversee the profitability of the practice to include effective utilization of personnel, appropriate rates for services provided, timely collection of fees
Work closely with client executives and management teams to understand their businesses and assist in identifying and managing financial and operational risks within their business systems to ensure technology risks are managed
Develop in-depth knowledge of clients’ businesses and industries by having direct client interaction while working on multiple aspects of an engagement
Think independently and strategically about your clients’ business, systems and risks providing recommendations for business and process improvements based upon knowledge gained relative to the client’s operations, processes and business objectives
Provide strategic business advice to clients by assisting in the implementation of new processes and controls that address key risks
Assess, manage and optimize business risk across a wide range of areas, including operational audit, enterprise risk management (ERM) and SOX compliance
Review clients' processes and controls against industry frameworks, identifying gaps in design and execution, and communicating issues and recommendations to clients
Be responsible for significant new business development, including identifying, sourcing, pursuing, and winning risk advisory opportunities at large health systems in the PA, NJ, and NY region
Produce comprehensive executive summaries and final reports for delivery to the client, documenting and reviewing engagement work papers in accordance with industry-accepted internal audit methodologies
Act as a valued business advisor, build relationships and communicate effectively with the client to provide superior client service
Lead professional and effective presentations to internal and external audiences