Senior Associate, Financial Services Risk Consulting

RSM US LLP; New York (NY); On-site; USD 90,000 - 120,000; Full time

Job summary

RSM US LLP is seeking a Senior Associate in Financial Services Risk Consulting to advance risk management, internal controls testing, and transaction due diligence for financial services clients in New York. You will work under senior leadership, delivering risk assessments, control testing, and narrative development across multiple engagements.

The role emphasizes collaboration, mentoring, and ongoing professional development within a diverse team, with opportunities to lead aspects of client

Qualifications

• Bachelor’s or Master’s Degree in Accounting or related business discipline.
• Minimum of 2 years of experience in audit, internal audit, or related internal control positions.

Responsibilities

• Participate in risk assessment interviews and update risk assessment models.
• Test operating effectiveness of clients’ internal controls.
• Draft test plans or work programs for review by senior team members.
• Create/review narratives or flowcharts for a process and identify risks and controls.
• Manage budgets and provide analysis of estimates to engagement leader.
• Perform lender and portfolio due diligence on financing transactions and assess risk.
• Review and complete status documents for client delivery and prepare initial reports.
• Develop ability to support multiple client projects and contribute to firm initiatives.

Skills

Professional writing

Spreadsheet

Presentations

Data analytics tools

Education

Accounting or related business discipline

Tools

CPA/CIA pursuit

Job description

As a senior associate in RSM’s growing Financial Services Risk Consulting Practice, you will have the opportunity to draw from your experience and knowledge while continuing to grow your leadership skills through a high degree of client and financial services industry exposure, career development and mentorship opportunities, and a diverse and inclusive culture. The fast-paced and dynamic environment in which we operate will provide you with daily challenges and exciting opportunities.

In the Financial Services Risk, Compliance, and Internal Audit Practice we frequently work as or alongside a client’s internal audit function, the chief risk officer or risk function, Sarbanes-Oxley project team, lender field examination teams and various other members of management tasked with managing risk. Our advisors help our clients with identifying and prioritizing risk and leveraging process and controls to reduce risk exposure.

Key Responsibilities

• Participate in risk assessment management interviews. Update risk assessment models and complete initial draft of identified risks
• Prepare and conduct tests of the operating effectiveness of clients’ internal controls
• Draft test plans or work programs for review by senior members of the team
• Create/review narratives or flowcharts for a process. Identify and review all risks and controls for a process as needed
• Manage budgets and provide accurate analysis of estimates to complete to engagement leader
• Perform lender and portfolio due diligence on proposed and existing financing transactions, evaluating borrower financial information, underlying assets, credit quality, and key transaction risks.
• Review and complete status documents for client delivery
• Prepares initial draft of reports
• Develop the ability to support multiple client projects simultaneously, while actively contributing to other firm initiatives

Talent Experience

• Encourage colleagues to think creatively, strive for growth through development opportunities, and maximize results while working within a team environment
• Proactively seek out opportunities to learn from or teach team members, build a coaching/mentoring network and take advantage of training opportunities to continually expand skills and leadership capability
• Maintain willingness to give and receive candid feedback in both written and verbal form. Commit to self-development in response to constructive feedback received.
• Provide assistance, guidance, and feedback to associates assigned to work with you
• Support recruiting efforts by understanding and promoting the RSM brand

Business Development

• Participate in relevant industry associations and learning/development events to build industry perspective and contacts
• Gain knowledge of key fundamentals, regulatory environment, and terminology for your relevant industries
• Build an internal network and become aware of other services provided by the firm

Position Qualifications

• Bachelor’s or Master’s Degree in Accounting or related business discipline
• Minimum of 2 years of experience in audit, internal audit, or related internal control positions

Preferred Qualifications

• Proficiency in professional writing, spreadsheet, and presentation creation tools. Exposure to data analytics tools is preferred
• 2 years of experience working for a capital markets, asset management or specialty lending institution, consulting firm, or regulatory agency, in internal audit, model validation, or controls testing.
• Experience in lender due diligence, transaction advisory, credit risk, loan review, structured finance, asset-backed securities (ABS), securitization, or asset-based lending within a consulting, accounting, financial institution, or specialty finance environment.
• Experience evaluating loan or asset portfolios, collateral, borrower financial information, underwriting practices, servicing operations, or structured finance transactions.
• Qualified to pursue a job-relevant certification (e.g. CPA, CIA)
• Ability to travel to meet client needs and work collaboratively with others in-person and remotely
• Openness to workday flexibility, agility, remote work environment, leveraging new tools
• Effective communication skills, both verbally and in writing
• Effective time management and prioritization skills