Regulatory & Compliance – Consumer Finance – Fixed Income portfolios
Investor Relations – Balance Sheet & Capital Management
A top performing international finance expert with passion for excellence and ability to communicate on all levels of an organization and collaborate with investors, shareholders, regulators and rating agencies.
·Expert in coaching and mentoring staff across different cultures, leading cross-functional teams, and delivering objectives utilizing 15+ years in Banking, Capital Markets, Consumer Finance and Treasury management to design business strategy, efficiently implement plans and deliver complex projects.
·Inclusive leader who won GE Consumer Finance Chairman’s award for persistence and commitment to goal achievement.
·Extensive international experience including residing in Canada, England and Germany.
GENERAL ELECTRIC (GE CAPITAL–RETAIL FINANCE) – Stamford, CT 2006 – 2013
Built reputation on high ethics and sound business practices. Led capital market endeavors for ~$25B securitization funding programs and a ~$25B consumer bank. Deep knowledge of bank and credit markets, treasury audit and controllership, and structured finance / asset securitization. Brings strong funding strategies and liquidity planning.
Built collaborative relationships with investors, banks, rating agencies and regulatory partners (Fed, OCC, FDIC, CFPB). Consistently recognized for delivering commitments and domain expertise, including restructuring resources, risk management, and investor relations. Developed and implemented strategic plans with P&L accountability. Trained and coached high-performing teams, while contributing to the community as site leader for United Way.
CAPITAL MARKETS LEADER – Consumer Finance
Member of the management team charged to develop prudent funding diversification strategies and lead securitization programs and investor development. Recognized for inclusive leadership, talent development and coaching cross-functional teams on complex projects. Designed and implemented new asset-backed securities programs for company and identified and implemented major new funding platform for GE Capital consumer bank, resulting in nine-figure funding cost savings annually. Doubled ABS program’s investor base while increasing investor transparency and reporting accuracy.
Planning / Leadership: Challenged by management to redesign team and increase cross-department collaboration, improve accountability and processes, strengthen risk management and controllership. Redesigned investor communications to increase transparency around reporting, surveillance, and ratings. Participated in several industry groups to identify best practices and intelligently implement changing regulatory environment. Implemented new processes to strengthen compliance and regulatory affairs. Recent achievement: $150mm funding cost savings in 2012 via alternative funding transactions.
Directing / Leading Capital Markets: Collaborated with existing large multi-functional teams on quality control issues for re-launch of credit card ABS platforms, winning status as 1st out of highly competitive international market; won Chairman’s Award and Global Capital Markets Award in 2009 and 2010 and CFO award in 2012 for delivering financial commitments and leadership. Restructured resources around higher accountability, risk management and controllership across department, resulting in higher productivity and outstanding team environment scores.
DAVID R. SCHULZ
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FIFTH THIRD BANCORP –Cincinnati, OH 2006
ASSISTANT TREASURER – BALANCE SHEET MANAGEMENT
Applied sound financial decision making to operational responsibilities while leading the strategic review and redesign of various balance sheet management processes & resources throughout the one year tenure at the ~10th largest bank in the United States.
Leadership: Created a structured financial framework leading the bank asset buy-and-hold or sell that benefited the long range funding profile of the company.
Balance Sheet Management: Established ‘target’ balance sheet structure based on the profitability and liquidity of each asset class the bank managed incorporating natural hedges to reduce costs.
VOLKSWAGEN AG –Auburn Hills, MI and Braunschweig, Germany 1996 – 2005
Began early career within finance, securities, and banking roles and built reputation as astute Capital Markets Leader that developed funding diversification strategies (1996-2002) with corporate management in a leadership role. Took over new role as Global Head of Asset Backed Securities in Germany and developed an international team coordinating projects in Germany, the Netherlands, Italy, England, and Japan (2002-2005) with responsibilities over investor development and rating agency management. Promoted to Corporate Treasurer heading the Executive Funding Committee while overseeing the $20B debt portfolio (2005). Implemented complex SAP treasury management system and achieved 15% department budget reduction.
CORPORATE TREASURER (2005)
Authority for corporate investments, VWoA’s $300M defined benefit and $175M defined contribution plan, chair of cross-functional Pension Investment Committee. Led consolidation of Canadian credit facilities into global syndicated facility. Full responsibility over Treasury, Insurance Risk Management, Cash Management, works closely with tax department optimizing funding, dividends, and payments. Restructured 14 professional team roles. Converted conversion of Defined Benefit pension plan to hybrid benefit/contribution system.
VOLKSWAGEN FINANCIAL SERVICES AG – Braunschweig, Germany (2002-2005)
GLOBAL HEAD OF ASSET BACKED SECURITIES (ABS)
VOLKSWAGEN OF AMERICA / CANADA – TEAM LEADER CAPITAL MARKETS(1996-2001)
Developed funding diversification strategies; substantially reduced reliance on intercompany bank funding from >80% of portfolio to <30% while debt levels doubled to >$15B. Lead US and Canadian MTN and CP programs and designed and implemented US and Canadian ABS programs for auto loan, auto lease and dealer floorplan portfolios. Supervised financial derivatives; implemented new Asset/Liability Management system.
NATIONAL BANK OF DETROIT(now J.P.Morgan Chase) – Detroit, MI and Toronto, Canada 1993 – 1996
ASSISTANT VICE PRESIDENT Completed top-three nationally ranked credit training program with ‘excellent’ rating; structured Debtor-in-Possession bankruptcy financing for public and private clients. Promoted to Relationship Manager; increased lending portfolio by 40% while improving average credit rating.
Professional Advancement / Education
MBA International Finance, University of Notre Dame, South Bend, IN & London, ENG – 1993
BA Economics and Financial Management, Phi Beta Kappa honor society, The Wall Street Journal
Award, The Catholic University of America, Washington, D.C. – 1991
Certification Executive Management Development Course, General Electric – 2009
International Executive Development Program, Volkswagen AG – 2001
Affiliation Treasurer of local community service organization; American Securitization Forum committee member
Language Competent in Business German
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