George Szotak
Madison,New Jersey
Summary
Completed over 30 years in senior business roles for prominent global financial industry institutions. Progressive work experience includes direct interaction with senior leadership, regulatory bodies and "Big Four" organizations. Work history covers technology change, internal audit principals, process improvements, merger due diligence and non-financial risk assessments covering a broad array of investment types and loan products. Held executive and managing director titles while working for Wells Fargo & Company (an American multinational financial services company) and The Bank of NY Mellon (the world's largest securities services company). Ready for opportunities to educate and help the next generation workforce seeking similar career aspirations.
Overview
23
23
years of professional experience
Work History
SVP, Risk Officer
Wells Fargo & Company
08.2019 - 01.2024
- Commercial Banking provides financial solutions to businesses with annual sales generally in excess of $5 million. Responsibilities include managing a large divestitures, assessing fraud and other non-financial risks, and, executing regulatory commitments of the firm.
- Responsible for non-financial risks covering global loan products using various collateral sources covering the US, LATAM and EMEA regions. Participated in the company's diversity and mentoring opportunities while managing college interns.
- Mentor to diverse workforce as part of the firm's support program.
- Attended diversity and inclusion sessions and training.
Managing Director, Global Investment Services
BNY Mellon
01.2008 - 12.2019
- Developed and implemented a risk-based audit approach that identified and addressed potential areas of financial and operational risk.
- Conducted risk assessments and implemented risk management strategies to ensure compliance with regulations.
- Developed and implemented a risk management strategy that reduced the company’s exposure to financial risk.
- Carried out audit principles with respect to testing the design and effectiveness of controls for products covered under Sarbanes Oxley regulation.
- Implemented various technology enhancements; performed merger - acquisition due diligence.
- Executed successful projects using emerging technology such as robotics, analytics and requirements under the chief financial officer.
- Educated employees on new financial policy requirements.
- Led departmental rotational program activities and hiring.
- Managed risk effectively by instituting comprehensive mitigation strategies across the organization''s operations.
- Directed large-scale projects from inception to completion on time/budget with strict adherence to quality standards.
VP, Internal Controls and Compliance
BNY Mellon
09.2000 - 12.2007
- Mitigated regulatory risks by overseeing adherence to insurance and safety regulations.
- Established performance goals for department and outlined processes for achievement.
- Enhanced employee engagement and satisfaction through the implementation of comprehensive training programs and performance management systems.
- Championed diversity and inclusion initiatives.
- Spearheaded mergers and acquisitions efforts, successfully integrating acquired companies into existing operations without disrupting workflow or productivity.
Education
MBA - Finance
Seton Hall University
South Orange, NJBachelor of Science - Business Management
Kean University
Union, NJAssociate of Science - Accounting
Union County College
Cranford, NJSkills
- Financial Markets
- Business Partnerships
- Business Requirements
- Risk Reporting
- Corrective Actions
- Investment Evaluation
- Key Performance Indicators (KPI)
- Exposure Identification
- Fraud Assessment
Timeline
SVP, Risk Officer
Wells Fargo & Company
08.2019 - 01.2024
Managing Director, Global Investment Services
BNY Mellon
01.2008 - 12.2019
VP, Internal Controls and Compliance
BNY Mellon
09.2000 - 12.2007
MBA - Finance
Seton Hall University
Bachelor of Science - Business Management
Kean University
Associate of Science - Accounting
Union County College
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