Business Risk Specialist

About the role

The Business Risk Specialist plays a crucial role in identifying, assessing, and mitigating credit and reputational risks within the client portfolio. This position requires advanced financial analysis skills, excellent communication, and collaboration across various departments.

Responsibilities

• Conduct creditworthiness and risk assessments of potential and existing clients using credit reports, financial statements, payment history, and diligence applications during client onboarding.
• Recommend risk mitigation strategies for higher-risk clients, such as retainers, credit limits, and limiting scopes of work.
• Correspond with attorneys and other business professionals to ensure proper identification of clients and relay risk assessment results as needed.
• Confirm accurate and complete information is obtained at onboarding.
• Conduct comprehensive financial and reputational risk assessments to identify potential non-payment and circumstantial risks related to prospective and existing clients.
• Collaborate with the Engagement Compliance team to address onboarding risks and ongoing risks associated with client engagements.
• Monitor potentially problematic client relationships and communicate with relevant team members.
• Implement and enforce departmental and firm standards related to engagement compliance functions.
• Maintain confidential information.

Requirements

• Advanced expertise in analyzing financial statements and related financial documents, including public filings.
• Familiarity with interpreting business credit reports.
• Outstanding interpersonal, verbal, and written communication skills.
• Exceptional organizational skills and attention to detail.
• Strong analytical and problem-solving abilities.
• Proven ability to manage multiple priorities and collaborate with diverse groups in a fast-paced environment.
• Able to work independently and as part of a team with minimal supervision across hybrid, remote, and in-office settings.
• Proficiency in Microsoft Word, Excel, PowerPoint, and data analysis tools.
• Familiarity with the following diligence applications is beneficial: Dun & Bradstreet/DNBi, Lexis+, Moody’s GRID, Thomson Reuters World-Check.

Qualifications

• Bachelor’s degree in Business Management, Accounting, Finance, Business Administration, or industry-related area required.
• Master of Business Administration or CFA certification beneficial.
• Minimum four (4) years of related experience in a law firm or professional services environment required.
• Previous law firm experience beneficial.

Benefits

The Firm complies with applicable city or state workplace mandates regarding Covid-19. This position offers competitive compensation ranging from $70,000.00 to $90,000.00 annually, depending on experience and qualifications.