Liz Kelly Resume

1. Elizabeth T. Kelly
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3213 Swarthmore Road C: 302.547.3340 eliztkelly@hotmail.com
Wilmington, DE 19807 www.linkedin.com/in/eliztkelly
Profile
Senior Financial Executive with global financial services and banking background. Broad Treasury expertise,
including funding, liquidity, investments and relationship management. Effectively source and maintain funding.
Proven leader who works collaboratively to achieve goals and motivate teams through periods of significant change.
Expertise includes:
o Debt and Equity Issuance o Banking Relationship Management
o Cash Management o Negotiations
o Investment Management o Investor Relations
o Compliance o Talent Development
Professional Experience
WILMINGTON TRUST COMPANY, Wilmington, DE 2010 – Present
State chartered bank with $10 billion in assets providing banking, wealth management and corporate trust services.
Assistant Treasurer
Newly created position with particular focus on liquidity, cash forecasting, and regulatory requirements.
• Improved ability to manage liquidity and funding by creating projected daily cash flow reports for banking
subsidiaries.
• Increased day-to-day funding capacity $500 million by moving loans pledged to the Federal Reserve Bank to
the Federal Home Loan Bank (FHLB) in a very short time frame. Manage relationship with FHLB.
• Significantly expanded liquidity analytics by increasing contingency funding plan scenarios from 12 to 45
and automating model. Codified model assumptions.
• Fulfilled regulatory requirements for more frequent reporting on liquidity position (from monthly to weekly
to daily basis). Responsible for completeness, accuracy and timely delivery of reports.
• Ensured compliance with Liquid Asset Ratio target by creating a model to calculate funding needs.
• Spearheaded comprehensive review of Treasury SOX cycle resulting in recommendations for several
changes to reflect current activities and risks.
GMAC FINANCIAL SERVICES, Fort Washington, PA 2006 – 2009
Global financial services company with $172 billion in assets providing mortgage operations, insurance,
commercial finance and online banking to over 15 million customers worldwide.
Executive Director, Treasury 2009
Directed daily funding, liquidity and investments for Ally Bank, Residential Capital and North American Auto
Operations. Managed a team of 10 professionals.
• Managed daily cash positions with weekly flows exceeding $2 billion.
• Identified and implemented funding strategies, including establishing rates and terms and setting cash
targets, ensuring adequate and efficient funding.
• Increased earnings $7 million (annualized) on $7+ billion investment portfolio by selecting money market
mutual funds to replace lower yielding bank alternatives.
• Forged more productive working relationship with Federal Home Loan Bank of Pittsburgh ($10 billion
lender) by increasing communication, providing information and addressing concerns.
• Selected to be key member of leadership team that built first centralized funding desk, improving efficiency.
• Active participant in Asset Liability Committee (ALCO). Presented liquidity data and funding plans.
Ensured compliance with ALCO policies.
• Selected to serve as Acting Treasurer for $40+ billion state chartered bank (February - May 2009).

2. Page 2 eliztkelly@hotmail.com Elizabeth T. Kelly
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RESIDENTIAL CAPITAL LLC, Fort Washington, PA
Mortgage origination and servicing subsidiary of GMAC.
Managing Director and Assistant Treasurer, Bank Relationships 2008 – 2009
Managed 20+ global financial institution relationships ensuring ample and efficient funding and bank services.
• Spearheaded $11+ billion Debt Restructuring to avoid bankruptcy by developing the negotiation strategy,
communicating to banks, amending secured facilities and creating a new syndicated whole loan repurchase
facility.
• Proactively managed communication with bank group for quarterly earnings and significant corporate events
resulting in maintenance of required funding. Organized relationship meetings with critical US money
center banks and foreign banks.
• Provided key support to Capital Markets, including participation in monthly liquidity calls as Treasury
liaison for Government Sponsored Entity (GSE) relationships.
• Established $750 million Mortgage Servicing Rights facility and restructured UK secured facility through
numerous waivers and extensions.
US RESIDENTIAL FINANCE GROUP, Fort Washington, PA
Division of Residential Capital (a subsidiary of GMAC).
Assistant Treasurer 2006 – 2008
Managed group of 7 professionals to structure and maintain single-seller and multi-seller conduit funding programs
for pipeline and warehouse loans, financing facilities for mortgage servicing rights and servicer advances, and
repurchase facilities.
• Increased funding by creating new and cost effective $25 billion single-seller conduit program (MINT I).
Directed all documentation and rating agency interaction. Led investor road show.
• Maintained liquidity position during August 2007 market disruptions by
o Replacing $2 billion of lost funding from two single-seller conduit programs by establishing two
new repurchase facilities within one week.
o Managing required cash position throughout the market crisis by working closely with dealers,
operations, capital markets and parent. Ensured timely and effective communication with senior
management by creating daily funding plan and reporting.
• Ensured availability of funding by providing technical leadership to develop requirements for new
centralized compliance function.
MBNA AMERICA BANK, N.A., Wilmington, DE 1994 – 2006
The largest independent credit card lender in the world and the leading issuer of credit cards through endorsed
marketing with managed assets of $125 billion. Acquired by Bank of America in 2006.
Senior Vice President, Treasury Division
Directed all unsecured funding, capital raising, investing and hedging activities. Managed group of 8 professionals.
SVP since 2000. Hired as an analyst in 1994. Held positions with increasing responsibility across various roles.
• Ensured adequate and efficient liquidity for US, UK and Canadian entities by
o Establishing and maintaining unsecured funding programs
o Issuing $15 billion of unsecured debt in various currencies ($, £, €, C$) and markets
o Maintaining relationships with Debt Capital Markets and Syndicate desks, Fixed Income Research
and Investment Bankers at broker/dealers
o Monitoring debt capital markets for issuance opportunities
• Maintained capital levels, securing continued investment grade ratings at holding company and bank level by
o Issuing >$4 billion of common stock, preferred stock, trust preferred securities and subordinated
debt
o Establishing $2 billion stock repurchase program
o Evaluating hybrid capital and tax efficient structures to support acquisition analysis and activity

3. Page 3 eliztkelly@hotmail.com Elizabeth T. Kelly
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MBNA AMERICA BANK, N.A. (continued)
• Directed daily funding, liquidity and hedging positions for 4 North American entities by
o Managing $10+ billion investment portfolio
o Preparing daily cash flow forecasts
o Ensuring appropriate accounting for all hedging
• Managed 60 global financial institution relationships, including money center and small foreign banks, by
o Establishing, negotiating and maintaining $4.5 billion syndicated and bilateral credit facilities for
US, UK and Canadian entities
o Creating a Return on Capital model to monitor revenues earned and credit extended
o Conducting relationship review meetings with senior management
• Issued $2.8 billion through credit card securitization transactions. Led effort to create first "plain English"
prospectus in ABS market in connection with SEC initiative.
Education
B.A., Economics, cum laude Amherst College, Amherst, MA 1984
• Thesis: The Effect of Risk and Commercial Bank Demand on Municipal Bond Yields
Professional Associations
Greater Philadelphia Senior Executive Group (GPSEG)
The Financial Executives Networking Group (FENG)
Philadelphia Association of Finance Professionals (AFP)