Management Assistant

Edward P. Banas MBA, CTP

***** ********* **.

Reston, VA 20194

C: 408-***-****

*******@*****.***

SUMMARY

Senior leader with over 30 years of treasury, payment, money management,

and product experience at internet and financial services companies. Create

and execute vision and strategy resulting in significant corporate revenues

and savings. Lead treasury departments, financial processes, and products.

Design, implement, and manage complex global payment, cash management,

financial, and treasury systems, products, and transaction. Recruit,

train, develop, lead, and motivate staff.

PROFESSIONAL EXPERIENCE

BUSINESS OFFICE Solutions (BOS), Sallie Mae inc.

2009-2011

CFO, Managing Director, Reston, VA

Led all financial processes, financial products, and cash management

activities for the BOS division. Positioned this payment processing

division as Sallie Mae's financial gateway between students, vendors,

colleges, and universities. Managed over $7 billion and 12 million

internet transactions for colleges and universities.

. Achieved a 40% profit margin by significantly reducing division expenses

through process and technology enhancements and vendor negotiations and

increasing revenues through product pricing strategies.

. Designed student refund disbursement product featuring debit card and

online checking capabilities to assist colleges and universities with

Title IV disbursement requirements.

. Enhanced product controls and features reducing transaction errors and

write offs.

PayPal an eBay comPANY

2005-2008

Treasurer, San Jose, CA

Led staff in Singapore, Luxembourg and California responsible for the

global treasury infrastructure and capital markets products of PayPal.

This included cash management, balance sheet management, bank

relationships, financing, capital planning, global liquidity and

regulatory requirements, foreign exchange, deposit and investment

products. Foreign exchange, deposit and investment products generated

over $300 million annually in operating margin for PayPal. Modified

policies, procedures and processes which generated tens of millions of

dollars in incremental annual revenues.

. Managed all aspects of moving $500 million daily, in a virtual, global,

real time marketplace, transacting in 60 currencies, 190 countries, and

through four regulated entities.

. Simultaneously managed working capital, regulatory capital, VAT ratios,

intercompany settlements, liquidity, currency, and counterparty exposure,

and on and off balance sheet activities, with the goal of maximizing

revenues, minimizing expenses, reducing risk, and meeting all global

regulatory requirements.

. Team accomplishments included creating PayPal's Asset/Liability

Committee, automating the treasury infrastructure, winning the Alexander

Hamilton Award - Gold - in the Working Capital Management Category, and

winning two PayPalian Awards, one for introducing more currencies to

PayPal, and the second for implementing PayPal's Bank in Luxembourg.

CEO, PayPal Asset Management Co.

2006-2008

CFO, PayPal Funds

. Led all aspects of these businesses including daily operations,

regulatory reporting, financials, budgeting, prospectus generation and

year end audits. Coordinated the agenda and activities of the PayPal

Funds external board meetings.

. PayPal Asset Management Co. and PayPal Funds are the infrastructure for

running the PayPal Money Market Fund. PayPal Asset Management Co. is the

investment advisor, transfer agent, custodian, administrative and

distribution agent for PayPal Funds which have over 1,000,000 customers.

. According to Lipper (Lipper monitors over 350 money market funds), for

the five year period ending 12/31/2007 the PayPal Money Market Fund was

the highest yielding money market fund.

WILLIAMS POWER COMPANY, INC. 2002-

2005

Treasurer of Trading, Tulsa, OK

Analyzed physical and financial energy trading strategies and developed

liquidity and cash flow models for trading company. Managed interest

and currency risk. Successfully met trading liquidity needs during

difficult market conditions.

. Managed exchange, OTC, physical and financial settlements. Consolidated

NYMEX settlements reducing capital needs.

. Managed counterparty collateral management resulting from daily mark to

market calculations.

. Centralized all energy trading treasury activity into one group.

Donaldson, Lufkin & Jenrette Securities Corp.: Pershing Division 1993-

2001

Treasurer - Director (Senior Vice President), Jersey City, NJ

Led the Treasury Department for the largest clearing firm in the country

accounting for over 10% of the New York Stock Exchange volume.

Overhauled Treasury process resulting in over $10 million in annual

savings. DLJ was acquired by Credit Suisse 2001.

< Directed the investment of a $2 billion portfolio representing

customer funds waiting to be invested in the stock market.

< Performed the intra-day financing and settlements of all firm

activity. Settled over 500 syndicates per year as well as securing

and tracking all debit caps and exchange settlements both domestically

and internationally.

< Managed all banking transactions which represent up to $40 million per

minute through 300 bank accounts in over 200 banks. Developed all cash

management related customer products. Implemented and managed

S.W.I.F.T. enabling Pershing to communicate with over 7,000

institutions worldwide in standard protocols for clearing, banking and

financing activities.

< Managed the financing of firm and customer activity. Managed a $2

billion committed facility as well as billions of dollars in credit

lines and collateral. Analyzed and managed interest rate and currency

risk.

Fidelity Investments: National Financial Services Corp. 1991-1993

Assistant Treasurer, New York, NY

Led all operational areas within the Treasury Department for the

brokerage subsidiary of Fidelity Investments during a period of 50%

annual business growth and 100% people turnover due to department

relocation from Boston to New York City. Doubled credit lines while

changing borrowing profile from secured to unsecured. Developed a

mainframe wire transfer system, a deposit concentration system, and a

regional disbursement system for the retail network of 300 correspondents

and branches. Developed a bank compensation system to track fees paid to

over 200 banks.

Prudential Securities Inc. 1987-1991

Assistant Treasurer, New York, NY

Led the Money Management Department which supported investment banking,

trading, retail and commodity activities of approximately $15 billion

daily through a banking network of over 400 banks. Managed all borrowings

through usage of $5 billion in credit lines, commercial paper and various

short and intermediate term financing instruments.

Reduced interest expense, bank fees and operating expense over $15

million. Automated the treasury function. Positioned the Money Management

Department as the central bankers of the firm and all of its subsidiaries

worldwide.

JPMorgan Chase (First Chicago/Chase) 1979-1987

Vice President - Cash Management Consultant, Chicago, New York

Market and execute consulting projects. Advised bank clients on the

strategic design, development and implementation of complex treasury

systems. Assignments included projects in the manufacturing, insurance,

brokerage, finance, retail, food and agribusiness industries. Clients

included Prudential Insurance Co., General Motors, Merrill Lynch, and

ITT.

Various positions while between undergraduate and Masters 1975-1979

EDUCATION

Indiana University, MBA, Finance, 1979

GPA: 3.9/4.0; Graduate Assistant in Banking Department

Purdue University, BS, General Management and Finance, 1975

GPA 5.8/6.0; Elected to National Honorary Associations of Beta Gamma Sigma

and Phi Kappa Phi.

Graduated with Distinction

SELECTED ACCOMPLISHMENTS

Certified Treasury Professional (CTP), Wharton SIA Program,

Alexander Hamilton Award - Gold -Working Capital Management

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