Holmquist Advisory
Experts in Enterprise Risk Management
About our advisors

Eric Holmquist


Eric has over 30 years of experience in the financial services industry, covering all areas of bank strategy and operations. He has developed risk management, executive reporting and information security programs and is skilled in creating operational efficiency and risk alignment. As head of Holmquist Advisory, he is responsible for client management and leading and developing ERM services and professionals.

Prior to this, Holmquist was the Managing Director for Accume Partners over the Enterprise Risk Advisory Practice.  The practice focused on risk governance, risk assessment and reporting, as well as risk management practices for compliance, information security, information technology, business continuity planning and third parties.  Previously, he also served as VP, Director of Operational Risk Management for Advanta Bank Corp. where he was responsible for the development and oversight of all aspects of the bank’s operational risk management program.

Eric has long been recognized as a thought leader in the areas of risk management, technology and information systems, change management, information security and regulatory compliance and is a frequent speaker and author on these topics. He has authored Right-Sizing ORM – Scaling Operational Risk Management for The Small To Mid-sized Market, and is a contributing author to Operational Risk 2.0 and The Advanced Measurement Approach to Operational Risk. He has also written over 50 published articles. 

He graduated Summa Cum Laude from Villanova University with a degree in leadership studies.


You can contact Mr. Holmquist at (215) 654-5003 or eric@holmquistadvisory.com


Ed McCaulley


Ed has over 20 years of experience in risk management, auditing, regulatory compliance, financial management and accounting. Ed assists clients in implementing sound risk management programs, including establishing risk appetite levels and establishing or enhancing risk assessments, key risk indicators and risk reporting. Ed also has extensive experience managing financial, operational and compliance audits. He has developed and executed annual, risk-based audit plans and assists clients in implementing and maintaining compliance with the Sarbanes-Oxley Act, including ongoing coordination with external auditors. He is experienced with SEC reporting and Proxy Statement preparation. He is also experienced with PeopleSoft, Hyperion and other financial management software. He routinely interfaces with clients’ executive management, Board of Directors, and Audit Committees.

Prior to co-founding the Firm, Ed was a Director at a professional services firm, where he assisted various financial service clients with their risk management projects.  Within that role, Ed developed various firm-wide methodologies and audit procedures, including SOX scoping and IT Audit Risk Assessment (risk-based; compliant with COBIT 5), in addition to managing the firm’s largest client relationship.  Prior to this, Ed was an Assistant Vice President within the Finance department of one of the largest international asset management firms where he was responsible for the accounting and reporting of all compensation expense of the company in accordance with US GAAP. In that position, he successfully consolidated the compensation accounting function and significantly enhanced reporting capabilities. His previous experience includes managing an operational audit area for a multi-line, multi-state insurance company, as well as a financial analyst role where he successfully introduced operational changes that saved the company $1.8 million annually (50%) on the expenditure for two purchased commodities.  

Ed is a Certified Public Accountant (CPA) and an attorney. He has a published article, Back to Basics: Balance Sheet Reconciliations, which appeared in the Internal Auditor magazine. 

You can contact Mr. McCaulley at (610) 324-4379 or emccaulley@holmquistadvisory.com.

 

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