Management Manager

Summary

A seasoned professional working in the financial services industry with

twenty years of experience developing and leading processes on

profitability, balance sheet management, and capital markets. Experience

also includes participation in business acquisitions, divestitures,

strategic planning and financial control implementation. Ability to

communicate effectively with executive management as well as line

personnel. A hands-on manager, skilled at finding innovative and practical

responses to the challenges of business.

Professional Experience

HomeStreet Bank. Seattle, Washington

Vice President, Treasurer, Treasury 2003-Present

HomeStreet Bank is a $2.8 billion OTS chartered holding company, with a

FDIC chartered bank. Manage multi-disciplined areas including treasury,

asset/liability, mortgage servicing rights and the $650 million investment

portfolio. Assisted in the preparation of monthly, quarterly and annual

reports, summarizing and forecasting business activities and the bank's

financial position. Directly responsible for balance sheet management, MSR

hedging and liquidity management. Hired, trained and manage a staff of 4.

Responsibilities and accomplishments include:

Overall responsibilities include:

Consolidated Net Interest Income

Annual Budget and Strategic Forecasting/Planning

Management of $650 million Fixed Income Portfolio

Mortgage Servicing Rights valuation, accounting and hedging

Managing interest rate risk/market value risk

Managing liquidity risk

Administrating funds transfer pricing

Accomplishments/responsibilities include:

. Executed over $700 million in interest rate swaps and netting $1.7

million in pre-tax gains after termination. Additionally, lower annual

interest expense by $3 million pre-tax.

. Manage $1.7 billion Mortgage Servicing Rights hedge. Over 5 yr period

the hedge has recorded $11.5 million pre-tax income, pre-tax benefit was

$3.7 million in 2008.

. Responsible for $1.3 million in wholesale borrowings, financing over 50%

of entire balance sheet. Work with several different broker and dealers

to lower cost of borrowings and provide the greatest level of liquidity.

. Instrumental for four different Trust Preferred issuances raising $60

million in capital.

. Implemented state of the art wire transfer system. Working with a wide

range of departments to streamline wire transfer process with greater

security. Implementation saved the equivalent of two full time employees

or 5,000 hours.

RBC Centura Bank Inc. Rocky Mount, North Carolina

Quantitative Analytics Manager, Treasury 2001-2003

RBC Centura is a $16 billion wholly owned subsidiary of the Royal Bank of

Canada. Managed several multi-disciplined areas which included treasury,

asset/liability, forecasting and budgeting, mortgage servicing rights, and

mortgage pipeline risk measurement. Directed responsibility of balance

sheet management, pipeline valuation and mergers and acquisition

valuations. Hired, trained and manage a staff of 5. Responsibilities and

accomplishments include:

Overall responsibilities include:

Consolidated Net Interest Income

Mortgage pipeline risk measurement Managing liquidity risk

Mortgage Servicing Rights valuation and accounting

Due diligence analysis

Managing interest rate risk/market value risk

Managing liquidity risk

Forecasting and planning

Administrating funds transfer pricing

Accomplishments/responsibilities include:

. Provide authoritative guidance and recommendations on investment,

liquidity and earnings management strategies. Specific responsibilities

include constant and thorough assessment of risk positions, and on-going

liquidity programs.

. Oversight of balance sheet analysis, interest rate risk management and

related strategy development for the bank. Responsible for economic

capital allocation and attribution.

. Conduct market analysis, identifying and analyzing balance sheet using

advanced quantitative analytics and developing and recommending

strategies. Responsible for balance sheet hedging and hedge analysis.

. Administrated and directed the implementation of new mortgage servicing

rights accounting and valuation. Expanded previous valuation from a

static analysis to a stochastic OAS procedure. Assumed responsibility

for accounting and reporting

. Coordinated the implementation of a new funds transfer pricing. Directed

seminars on the new process and the impact of the new methodologies on

product profitability. Communicated and negotiated the fund transfer

pricing rates for respected product lines with product line managers.

. Developed, and implemented the mortgage pipeline valuation; working with

secondary marketing established new valuation techniques including, term

structure model, fallout assumptions and established new interest rate

risk policy.

Old Kent Financial Corporation. Grand Rapids, Michigan

Vice President Asset Liability Manager, Treasury 1999-2001

Old Kent Financial Corporation is a $22 billion multi-state bank holding

company with bank, insurance, brokerage and investment management

subsidiaries. Managing a staff of 2 FTE.

Overall responsibilities include:

Managing interest rate risk/market value risk

Administrating funds transfer pricing

Managing liquidity risk

Accomplishments/responsibilities include:

. Implemented QRM (Quantitative Risk Management) Asset/Liability software.

Management of earnings at risk profile, utilizing stochastic term

structure modeling, trained senior management on industry best practices

in balance sheet risk analysis.

. Responsible for the review of market value and duration of equity.

Discussion of results and the recommendation of resolutions to areas at

risk with senior management.

. Well versed in option adjusted pricing, term structure modeling, and

Monte Carlo modeling techniques.

First Security Financial Service Corp., Salt Lake City, Utah

Vice President, Balance Sheet Management, and Treasury 1994-1999

First Security Financial Services Corporation is a $22 billion multi-state

bank holding company with bank, insurance, brokerage and investment

management subsidiaries. Managed a staff of 6 FTE.

Overall responsibilities include:

Managing interest rate risk/market value risk

Measuring and analyzing potential exposure areas of the balance sheet

and earnings

Net interest margin analysis

Funds transfer pricing

22. Participation in systems implementation, including those related to

asset/liability management, strategic planning, and budgeting.

Accomplishments/responsibilities included:

. Appointed senior analyst, supervising a staff of ten, working with senior

management-developed business unit

strategic plans and overall corporate acquisition strategies. Identified

opportunities, increasing both corporate

profitability and market share. Overall expense savings were over 40%

and revenue enhancements were approached 20%.

. Created company-wide forecasting/planning methodology. Obtained line

participation and dove tailing results into the current budget process.

Process reduced number of budget and planning FTE from 10 to 5. Working

with senior management, assumed project lead, and successfully re-

engineered the budgeting process. The new process is currently 'top -

down' and is completed in 60% of the time of the previous budgeting

process.

Developed a company-wide balanced scorecard information system, which

improved operating performance and financial decision-making through a

common conceptual framework. Managed data mining, scorecard calculations,

report creation and staff training. The balanced scorecard was effective

in managing proper product distribution and resource allocation.

Created and implemented branch staffing models. These staffing models

managed over 5,000 FTE. Year over year savings through the staff model

implementation reached 25%.

Reported and analyzed the semi-annual $1 billion asset-back issuances

working closely with lead managers, JP Morgan and CS First Boston. Met

goals of creating non-interest income and diversifying sources of

liquidity.

Community Bank, Pasadena, California

Senior Accountant II, Finance/Accounting Dept. 1990-1994

Community Bank is a $1 billion privately held community bank located in

Southern California.

Reporting to the Chief Financial Officer, responsibilities include

financial analysis, A/L management, budgeting and strategic planning.

Responsibilities and accomplishments included:

. Responsible for A/L reporting and analysis, using Olson Research Assoc.

Constructed recommendations to enhance balance sheet management and

earnings protection and growth.

. Implemented market value reporting, utilizing Olson Research Assoc.,

Regulatory Analysis Model.

. Completed strategic financial and operational projects, such as product

costing, developed five-year business plan and cash flow

improvement.

. Directed product profitability analysis, where recommendations for the

closure of a business line led to a reduction in non-interest expense

of $600,000.

. Implemented new management information system for activity based cost

accounting to measure divisional profitability. Completed

installation of new funds transfer pricing system, working closely with

senior executives for buy-in and support.

. Provided financial analysis on $20 million preferred stock offering.

Education

Undergraduate: Weber State College, Ogden Utah

BS Economics 1988. Extensive coursework in Accounting.

Graduate: Claremont Graduate School, Claremont California

MA Economics 1994. Extensive coursework in Finance,

Investments, Accounting.

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