Director - Risk Management

Posted on: 2007-01-11

CONTACT INFO: BARRIE SALTZMAN 201.602.8601 [email protected] ------------------------------------------------ RISK & COMPLIANCE EXECUTIVE – SENIOR MANAGEMENT LEADER Accomplished and results driven executive in field of risk management & compliance and operations management with proven leadership skills; motivational with “lead by example” management style; confident, articulate and persuasive with demonstrated ability to lead business in to culture of risk awareness and control. Strong team builder and facilitator with sound judgment and strong decision making ability. CAREER ACCOMPLISHMENTS · Demonstrated success in development and implementation of new policies and procedures · Monitored SOX 404 exceptions and ensured appropriate remediation plans were implemented timely · Developed and implemented new risk reporting system and monitoring tool · Significantly reduced operational and financial risk to organization · Successfully embedded risk and compliance in to culture of organization · Successfully oversaw preparation, production and mailing of 10 million accurate 1099 tax forms · Coordinated and oversaw extensive reconciliation project beginning with $50 billion in differences and ending in none · Annually planned and executed the processing of 3000 dividend payments representing $40 billion · Generated over $30 million in revenue from Unclaimed Property Reporting · Achieved ongoing compliance with Unclaimed Property Laws of 50 states for 1000 clients PROFESSIONAL EXPERIENCE Sept. 1991- MELLON INVESTOR SERVICES, RIDGEFIELD PARK, NJ Aug. 2005 (subsidiary of Mellon Financial Corporation) Jan. 2004 – Director – Risk Management Aug. 2005 · Ensured regulations and corporate policies and procedures were followed – locally, in UK and Canada. · Monitored Sarbanes-Oxley 404 exceptions and remediation plans. · Managed SEC (Securities and Exchange Commission) and external audit exams and acted as liaison between regulatory agencies and internal departments. · Created summary of audit status and presented to Executive Management Team led by Vice Chairman of Mellon Financial Corporation. · Created liaison role with Internal Audit to assist auditees through Audit process (internal, external and SAS70’s). · Developed and implemented new risk management reporting system. · Created Risk Assessment/Self Audits for all departments and ensured proper monitoring and reporting of same. Reviewed risk assessments for processes moving off-shore. · Reported appropriate key risk indicators and reconciliation status to Mellon’s Board of Directors. · Responsible for Disaster Recovery and Business Resumption planning, testing and training. · Created monitoring process for fraud incidents, reporting and system enhancements. · Reviewed new products and new business to ensure adherence with Corporate Policies. · Oversaw process that monitored operational errors; performed root cause analysis and coordinated process improvements with Quality Group. Apr. 2000- Dec. 2003 Chief of Staff – Central Reconciliations, Tax, Escheat, Dividend Proof and Funding, Quality, Training · Managed staff of 100+ . · Responsible for reconciling over five thousand cash and share positions; group reduced aged out-of-proof positions to nil and reported ongoing status to Mellon’s Board of Directors. · Administered shareholder and client surveys, performed root cause analysis and monitored progress of process improvements. · Created and administered programs for new hires and administered ongoing business workshops. · Appointed Vice President April 2000. July 1996- Mar. 2000 Manager – Tax, Escheat, Dividend Proof & Funding Departments · Responsible to ensure compliance with Internal Revenue Service (IRS) Regulations pertaining to backup withholding and the preparation, production and mailing of ten million 1099 tax forms. · Responsible to ensure ongoing compliance with Unclaimed Property Laws of 50 states for 1000 clients. Generated over $30 million in revenue from Unclaimed Property Reporting. · Dividend Proof & Funding Department processed $40 billion for 3000 dividend payments annually. · Formed and maintained client relations; involved in client contract and fee negotiations. · Appointed Assistant Vice President July 1996. Apr. 1993- Project Manager June 1996 · Assisted in creating new audit department, developed audit plan based on degree of risk and implemented steps for the review of the integration process for recently formed company. · Supervised associates throughout audit assignments; ensured all required audit work was performed and findings were clearly and accurately documented. · Reported exceptions and recommendations for improvement to management. · Assigned to perform special projects related to improving quality standards. · Appointed Officer April 1995. Sept. 1991- Senior Staff Auditor Apr. 1993 · Planned, performed, supervised and coordinated audits to ensure compliance with company policies and procedures, Securities and Exchange Commission regulatory requirements and proper safeguarding of company and customer assets. · Appointed Assistant Officer April 1993. Sept. 1990 - July 1991 BARRY N. REIN & ASSOCIATES, LIVINGSTON, NJ Internal Bank Auditor · Ensured bank was in compliance with policies, laws, regulations and accepted accounting principles and generated report to senior management detailing conclusions and corrective measures. July 1982- Sept. 1991 MORRIS SAVINGS BANK, MORRISTOWN, NJ Promoted through retail banking positions from Teller to Assistant Branch Manager. EDUCATION May 1990 FAIRLEIGH DICKINSON UNIVERSITY, MADISON, NJ Received Bachelor of Science, Accounting COMPUTER SKILLS Microsoft Word, Excel, Powerpoint OTHER Member UPHLC (Unclaimed Property Holders Liaison Council) while at Mellon Member of CPI (Continuous Process Improvement) Committee while at Mellon Member of Management Associate Program (MAP) Committee and mentor of program participants while at Mellon