Kelly A.

Clark
10 Basswood Court
Red Bank, NJ 07701
________________________________________________________________________________________________
WORK EXPERIENCE:

CIT GROUP, INC., Livingston, NJ

Vice President, Treasury Controllers- Derivatives & FX January 2019-Present
 Successfully automated the Derivatives financial statement footnote disclosure tables by collaborating with
Information Technology
 Successfully implemented a new Foreign Exchange (FX) Exposure Monitoring Process to assist the Chief
Investment Officer and their team to execute appropriate hedges to reduce the FX exposures in foreign currencies
and reduce P&L.
 Prepare and present the monthly Transactional and Translational FX Exposures to various stakeholders, including
Treasury, Risk, Audit, Tax, and External Reporting.
 Coordinate with Information Technology, Treasury, and Treasury Services to enhance and automate the FX
Exposure Monitoring Process.
 Independently analyze the effectiveness of the net investment hedging by the Chief Investment Officer and their
team on a quarterly basis.
 Conduct independent testing on a quarterly basis to ensure the methodology of third-party vendors for mark-to-
market and credit valuation adjustments for derivatives are reasonable.
 Review and approve footnote disclosure support related to derivative and cumulative translation adjustments
(CTA).
 Review and approve monthly journal entries related to derivative activity.
 Project managed the onboarding of an Artificial Intelligence (AI) provider to analyze embedded derivatives
identified in various documents to determine if they require bifurcation on the financial statements.
 Assess and approve general ledger account reconciliations and attestations related to derivatives.
 Update and maintain internal controls, including Sarbanes Oxley controls, related to derivatives.
 Assist with external and internal audits and provide requested information in a timely manner.
 Serve as the Business Continuity Coordinator for the department and work with Business Continuity Management
Team to ensure the plan is current.

Vice President, Treasury Controllers- Debt June 2016- January 2019

 Prepared monthly and quarterly reports for SEC, regulatory and management reporting, such as the 4 Point
Average for Deposits and Borrowings, Variable Interest Entity (VIE) Table, Restricted Cash Analysis, and Debt
Reporting.
 Reviewed and approved the Interest Paid Schedule utilized for the Statement of Cash Flows.
 Coordinated with various departments to create the model for purchase accounting adjustments, original issue
discounts, and other deferred issuance cost items that are recognized using an effective yield method.
 Reviewed and approved monthly journal entries related to debt activity.
 Prepared monthly journal entries and reconciliations as part of the close process related to debt.
 Assessed and approved general ledger account reconciliations and attestations.
 Updated and maintained internal controls, including Sarbanes Oxley controls, related to debt.
 Assisted with external and internal audits and provided requested information in a timely manner.
 Provided timely and accurate financial statement information for a line of business prior to its sale.

Assistant Vice President, Treasury Controllers July 2012- June 2016

 Provided transactional support for new and renewal securitizations.
o Analyzed embedded derivatives identified in the transaction documents to determine if they require bifurcation on
the financial statements.
o Composed transaction summary memos to assist in the review and approval by cross-functional groups.
o Attended meetings to create and maintain a timeline to track progress and identify any roadblocks.
 Collaborated with the SEC Reporting department to create and implement new Sarbanes Oxley controls for the
Variable Interest Entity (VIE) process on a quarterly basis.
 Improved the close process by automating monthly journal entries with Information Technology and Investor
Reporting.
 Coordinated with various business units to compile pledged asset information and confirm deposit balances for
SEC, regulatory and management reporting.
 Performed general ledger account reconciliations related to debt.
 Volunteered as a member on the Finance Social Committee to provide engagements to foster working
relationships and increase employee morale.
  Served as a member of the CFO’s Employee of the Quarter Committee to recognize employees that go above and
beyond their normal tasks.

BANK OF AMERICA, New York City, NY June 2010- July 2012

Senior Auditor II
 Planned, coordinated, communicated, and implemented audits based on the risk models to ensure coverage within
the 3-year cycle.
 Facilitated meetings with line of business heads to determine new business initiatives and risks to update the risk
model.
 Created audit programs to ensure the line of business is in compliance with applicable laws and regulations.
 Coordinated and traveled with other internal audit teams to conduct integrated audits.
 Attended meetings with business support partners to discuss concerns and exceptions identified through audit
testwork for Global Wealth Investment Management products.
 Tracked the progress of resolving audit issues and validate their completion in a timely manner.
 Responsible for creating a risk framework to assess new products to be utilized by the corporate audit team.

KPMG, LLP, New York City, NY August 2007- June 2010

Senior Associate
 Planned, coordinated, communicated, and implemented financial audits.
 Assessed internal control over financial reporting of public companies subject to the reporting requirement
mandated by the Sarbanes Oxley Act.
 Assisted with the audit procedures specific to SEC companies including regulatory filings and quarterly reviews.
 Conducted substantive analytic procedures and test of details of account balances to meet audit objectives.
 Attended client meetings to discuss various audit and accounting issues.
 Reviewed work performed by audit team members.
 Reviewed and audited financial statements of public and private companies in the banking and real estate
industries.
o Banking clients- Citigroup (Equity Derivatives, Government Bonds, Firm Investments), Bank of Montreal (Equity
Trading, Investment Banking, Fixed Income)
o Real Estate clients- Tishman Speyer Properties (Revenues, Expenses, Hypothetical Liquidation), The Peninsula
Hotel (Revenues, Expenses, Construction in Progress)
 Completed audits in a timely manner and met the budget constraints for each job.

NEUBERGER BERMAN, A Lehman Brothers Company, New York City, NY

Internal Sales Associate July 2006- July 2007
 Built relationships with intermediary sales internal and external wholesalers.
 Provided sales ideas, sales support, and quality service for each financial advisor.
 Interacted on a daily basis with mutual fund and managed account portfolio managers.
 Teamed up with one Regional Director in the Southwest (Southern CA, AZ, NM, HI, and Las Vegas) and traveled
with him to participate in presentations, client seminars, and regional events.

MORGAN STANLEY, Jersey City, NJ

Internal Sales Consultant Jan. 2004- June 2006
 Provided sales ideas, sales support, and quality service for global wealth management financial advisors.
 Reviewed clients’ existing portfolio allocations and helped financial advisors make appropriate recommendations.
 Created reports and proposals to aid financial advisors with their business.
 Worked with 4 Regional Vice Presidents in Southern California and traveled with them to participate in branch
presentations, client seminars, and regional events.
 Served as a member of the Investment Committee as the annuity and life insurance and mutual fund specialists.
Insurance Sales Desk Representative May 2003- Jan. 2004
 Provided detailed information to financial advisors about annuities and life insurance products.
 Suggested annuity and life insurance products to financial advisors by evaluating clients’ needs.
Broker Services/Customer Service Representative Sept. 2002- May 2003
 Provided account information for shareholders and financial advisors.

EDUCATION:
RUTGERS UNIVERSITY, RUTGERS BUSINESS SCHOOL, Newark, NJ
M.B.A. in Accounting and Finance May 2007

UNIVERSITY OF DELAWARE, Newark, DE May 2002

B.S. in Business Administration (Major: Finance; Minors: Economics, Spanish)

UNIVERSITY OF GRANADA, Spain, Study Abroad Program Summer 2000