Manager Treasury

Bennett Kyte

**** * ******* ***** ***** Falls, South Dakota 57103

******@*****.*** Cell: 605-***-****

Experienced Finance Professional • Treasury and Management Leader

Extensive career in Financial Services industry, with leadership responsibilities as bank treasurer and senior finance manager. Bank management experience in liquidity and interest rate risk mitigation, balance sheet management, capital planning, trust operations and financial analysis. Member to bank Asset Labiality Committee, Audit Committee and Community Reinvestment Act committees. Planned and executed numerous operational consolidations from various geographic locations achieving corporate efficiencies. Demonstrated cost reduction achievements in lowering cost of funds and operational expenses. Responsible for recommending and implementing advanced financial and operational technology systems. Team builder, experienced in managing and mentoring financial professionals.

Core competencies include:

Treasury Operations

Technology Integration

Project Management

Microsoft Office skills

Interest Rate Risk management

Capital Planning

Staff Development

Leadership

Liquidity Risk management

Trust Operations

Team Building

Financial Analysis

Career Experience

Citibank, Sioux Falls, South Dakota, 2011 - 2020

SVP – Senior Manager

Primary responsibilities:

Management of SEC and investor reporting team responsible for compliance to Citibank’s Credit Card Asset Securitization Trusts requirements.

Ensured adherence to trust documents, managed proper execution of investor payments, prepared and presented trust analysis to investors and credit rating agencies

Responsible for development and management of collateral pledging process to the Federal Reserve Bank.

One of the initial banks in the country to develop a process to pledge credit card receivables through the FRB’s Borrower-in-Custody program. I managed this process from inception to development and automated implementation. The program grew to become the banks largest FRB collateral source

Managed accounting process for Citibank’s credit card rewards programs

Performed analytics on 20mm+ cardmember accounts to forecast reward redemption rates and cost per point to determine banks liability on outstanding credit card reward points.

Member of Citi Trust South Dakota Board of Directors

Provided general oversight and monitoring of compliance requirements.

Accomplishments:

Grew Citibank’s credit card collateral process to $90B+ and became the banks largest source of FRB collateral

Reduced staffing by 25% through migration of Securitization and Rewards accounting functions to Sioux Falls.

Enhanced controls and productivity through implementation of technology vs. manual processes.

Managed reduction of Citibank’s rewards liability by $60mm

Bennett Kyte – Page 2

Career Experience Continued

Citibank, Sioux Falls, South Dakota, 2000 – 2011

Treasurer, Citibank (South Dakota)

Primary responsibilities and accomplishments:

Managed the banks interest rate and liquidity risk exposure along with its capital and dividend planning processes.

Responsible for managing the banks daily cash position and development of additional funding sources

Consolidated Treasury operations in conjunction with business acquisitions, managed compliance to regulatory requirements and internal liquidity and interest rate exposure metrics

Member of the bank’s Asset/Liability Committee, Audit Committee and Community Reinvestment Act Committee

Developed corporate governance processes to maintain a controlled approval and execution process

Accomplishments:

Annual cost of funds saves exceeding $1 million

Expanded third party funding relationships and credit facilities by $5 billion

Implemented new Treasury technology to account for funding instruments and control movement of cash

Developed controlled and automated processes for bank account management, funds transfers and cash flow forecasting

Citibank, Sioux Falls, South Dakota, 1984 – 2000

Fed Funds Trader, Citibank (South Dakota)

Treasury positions – Cash management and balance sheet analytics

Borrowed short term debt to fund the banks daily cash needs, managed the daily settlement of the Citibank’s cash account at the Federal Reserve Bank

Education

Bachelor of Arts, Business Administration

University of South Dakota – Vermillion, South Dakota

Outside Activities

Board Member Active Generations

City of Sioux Falls Investment Advisory Board

Board Member of the City of Sioux Falls Employees Retirement System

Board Member Sioux Falls Development Corporation (past)

Board Member South Dakota Development Corporation (past)

Volunteer Tax Preparer- AARP TaxAide

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