Project Manager Management

Edward P. Banas

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

Reston, VA *0194

Home: 703-***-**** / Cell: 408-***-****

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

SUMMARY

Senior Officer with over 20 years of management, negotiation, systems

development, analytical, cost reduction, liquidity and financial

experience. Lead/manage daily operations of Treasury Departments. Design,

implement, and manage complex treasury systems and solutions. Recruit,

train, develop and motivate Treasury Department staff. Analyze processes,

policies, and procedures and implement changes resulting in significant

corporate savings. Thorough understanding of accounting, FP&A, and

reconciliation activities.

PROFESSIONAL EXPERIENCE

Business Office Solutions (BOS), Sallie Mae inc.

Present

CFO, EVP, Managing Director

Manage product development, strategy, financial products, financial

processes, and cash management activities for the BOS division. Play a

critical role in new business development and product strategy including

positioning BOS as Sallie Mae's financial gateway between students,

schools, and vendors. Manage over $7 billion and 12 million customer

transactions annually including managing all internal and external

financial vendors.

PayPal an eBay comPANY

2005-2008

Treasurer, San Jose, CA

Responsible for the global treasury infrastructure and capital markets

products of PayPal. This includes cash management, balance sheet

management, treasury bank relationships, financing, capital planning,

global liquidity and regulatory requirements, foreign exchange, deposit

and investment products.

. 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.

. Modified policies, procedures and processes which generated tens of

millions of dollars in incremental annual revenues.

. During 2008, the foreign exchange, deposit and investment products

generated over $300 million in operating margin for PayPal.

. PayPal Treasury managed the daily Basel ll requirements in Europe (PayPal

Bank Luxembourg), liquidity requirements in Singapore (determined by the

Monetary Authority of Singapore) and minimum net capital and liquidity

requirements as determined by the Australian Prudential Regulation

Authority (APRA).

. Other team accomplishments include creating PayPal's Asset/Liability

Committee, automating the treasury infrastructure, winning the 2007

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

. 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 has over 1,000,000 customers.

. Managed all aspects of this business. This included regulatory

reporting, financials, budgeting, prospectus generation and year end

audits. Coordinated the agenda and activities of the PayPal Funds

external board meetings.

. 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 during that period.

WILLIAMS POWER COMPANY, INC. 2002-

2005

Treasurer of Trading, Tulsa, OK

Developed liquidity and cash flow models for energy trading company.

Analyzed interest and currency risk. Handled exchange, OTC, physical and

financial settlements. Performed counterparty collateral management.

Centralized all energy trading treasury activity into one group.

Consolidated NYMEX settlements reducing capital needs.

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

2001

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

Responsible for the Treasury Department for the largest clearing firm in

the country, clearing for over 650 firms, and accounting for over 10% of

the New York Stock Exchange volume. Overhauled Treasury process

resulting in over $10 million in annual savings. Received both Super

Achiever and Marie Pardal awards.

< Investments: Directed the investment of a $2 billion portfolio, which

represents customer funds waiting to be invested in the stock market.

< Settlements: Performed the intra-day financing and settlements of all

firm activity. This includes settling over 500 syndicates per year as

well as securing and tracking all debit caps and exchange settlements

both domestically and internationally.

< Cash Management: Oversight of the 800,000 + monthly banking transactions

which represent up to $40 million per minute through 300 bank accounts in

over 200 banks. Managed both the bank relations and bank compensation of

this banking network, which includes producing bank report cards.

< Financing: Managed the financing of firm and customer activity. This

includes managing a $2 billion committed facility as well as billions of

dollars in credit lines and collateral. Analyzed and managed interest

rate and currency risk.

< New Product Development: Developed all cash management related customer

products.

< Telecommunications: Implemented and managed the daily activity of

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

institutions worldwide in standard protocols for clearing, banking and

financing activities.

Fidelity Investments: National Financial Services Corp. 1991-1993

Assistant Treasurer, New York, NY

Managed all operational areas within the Treasury Department for the

brokerage subsidiary of Fidelity Investments. In addition to managing

all treasury activities during a 100% turnover in Treasury staff due to

department relocation from Boston to New York City, accomplishments

include:

< Created a treasury organization to manage the 50% growth in company

activity during a twelve-month period.

< 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

Major accomplishments include: reducing interest expense, bank fees and

operating expense over $15 million during a three year period; automating

the treasury function through the development of a treasury management

system and positioning the Money Management Department as the central

bankers of the firm and all of its subsidiaries worldwide.

< Tracked daily cash flows of approximately $15 billion through a banking

network of over 400 banks.

< Managed all borrowings that support investment banking, trading, retail

and commodity activities through coordinating usage of $5 billion in

credit lines, commercial paper and various short and intermediate term

financing instruments.

< Negotiated, tracked and paid over $300 million in interest expense and

$10 million in cash management fees annually.

< Dealt with over 80 banks worldwide for firm's credit needs and over 400

banks for cash management needs.

The Chase Manhattan Bank 1984-1987

Vice President - Manager/Lead Consultant, Cash Management Consulting

Department, New York

Responsible for the marketing and execution of consulting projects.

Assignments included projects in the manufacturing, insurance, brokerage,

finance, retail, food and agribusiness industries. Analyzed both

corporate receivables and disbursement systems, advised bank clients on

the strategic design, development and implementation of complex treasury

systems. Specific client projects include:

< Prudential Insurance Co.: Lead consultant and project manager for a

treasury management evaluation that examined and reconfigured the

processing of wholesale receipts for four divisions having total annual

receivables exceeding $11 billion. Total client benefits identified,

seven figures.

< ITT: Project manager for a treasury management evaluation that analyzed

the complete cash flows of 70 operating units with annual sales in excess

of $12 billion. Total client benefits identified, seven figures.

The First National Bank of Chicago 1979-1984

Assistant Vice President - Project Manager, Cash Management Consulting

Group, Chicago, IL

Handled the marketing, sales and execution of consulting studies

performed in the Northeastern Region of the United States. Specific

client projects include:

< General Motors: Developed automated receivable system for all nonvehicle

receipts. Total client benefits identified, seven figures.

< Merrill Lynch: Analyzed and documented all corporate cash flows. Did

extensive analysis leading to cash flow procedural changes in the branch

network. Total client benefits identified, eight figures.

EDUCATION

Indiana University, MBA, Finance

GPA: 3.9/4.0; Graduate Assistant in Banking Department

Purdue University, BS, General Management and Finance

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

and Phi Kappa Phi.

Graduated with Distinction

ADDITIONAL INFORMATION

Certified Treasury Professional, Wharton SIA Program.

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