Charles Bangert Email & Phone Number

Washington, D.C.

BFSFCU is a full-service financial cooperative that was organized and chartered in 1947 as a convenient place for employees of the World Bank Group and International Monetary Fund and their families to save and to obtain credit. The World Bank Group lends to the central banks of sovereign nations and has two ambitious goals: to end extreme poverty within a generation and boost shared prosperity. The International Monetary Fund is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. In the past 68 years, BFSFCU has grown from 96 members and $3,000 in assets to nearly 82,000 members and over $4 Billion in assets while maintaining its original sponsor groups.

Plano, Tx

Managed treasury and finance functions, including interest rate risk, liquidity and capital management/stress testing, investment portfolio, BOLI, wholesale funding, and daily cash management. Functioned as member of ALCO, liquidity, capital, rate, disclosures, CRA, ERM, secondary marketing, and implementation committees. Handled related treasury and finance functions while creating multiple static and dynamic capital/liquidity stress scenarios to test tactical and strategic plans, annual budget, increased loan growth, capital deployment, increased prepayments/early withdrawals, and various interest rate scenarios. Developed and implemented interest rate risk management strategies, resulting in lower levels of risk while increasing earnings.• Received "1" for sensitivity to market risk on most recent exam.• Deployed IPO equity by developing investment strategy and purchased over $2,000,000,000 in agency MBSs/CMOs and municipal bonds, designing portfolio to meet cash flow, reinvestment, interest rate risk, and earnings requirements of growing public financial institution.• Strengthened ALCO and interest rate risk processes, interfacing with OCC, TX Department of Banking, FRB, NCUA, and OTS examiners.• Oversaw investment accounting function and conducted wholesale funding analyses of FHLB borrowings, CDARS/ICS, and structured repo alternatives, implementing decisions increasing net margin.• Managed wholesale funding and developed/maintained relationships to grow public funds by $400,000,000 and CDARS/ICS deposits by $200,000,000 at rates comparable to FHLB advances, supporting strong loan growth and diversified funding initiatives.• Held responsibility for meeting CRA investment bank test needs and ensured writing of sections of the 10-Q/K relating to treasury and finance, as well as discussing with external auditors.• Maintained Investment, ALCO, and liquidity policies, including monitoring compliance and recommending revisions to the board.

Richardson, Tx

Oversaw all phases of development and growth for an asset/liability management consulting company, including marketing, recruiting, management, and budget. Managed development, launch, and ongoing marketing of products designed to meet interest rate risk, liquidity, strategic planning, budgeting, and compliance needs of financial institutions, with assets of $50,000,000 to $850,000,000. Consulted on federal and state regulatory compliance issues, eliminating deficiencies.• Eliminated deficiencies and optimized cost vs. benefit in ALCO processes of banks and credit unions, addressing regulatory concerns, provided management/board education and replaced or improved outdated models at cost-effective price.• Calculated, analyzed, and explained the interest rate risk inherent in balance sheet and projections.• Consulted on mitigating risk without sacrificing earnings, with recommendations implemented successfully.• Conducted public funds RFP analyses that resulted in a 30% increase in return.• Developed and monitored multi-cost center and organization-wide operating budgets.• Presented reports on budget variances to boards of directors.

Dallas, Tx

Supervised team responsible for national ALM consulting practice.• Consulted with banks regarding interest rate risk, budgeting, forecasting, strategic planning, investment portfolio, and other balance sheet decisions.• Maintained investment writing and funds management policies.• Prepared and presented reports to banks’ boards and senior management.• Marketed ALM services and called on existing and potential clients while leading work flow for staff of five analysts.

Dallas, Tx

Developed and maintained software models for interest rate risk, budgeting, liquidity forecasting, and strategic planning.• Calculated and analyzed the interest rate risk and liquidity positions, presenting monthly results and recommendations to management.• Devised strategic planning model used by executive management.• Forecasted and provided variance analyses for multi-cost center balance sheet and income statement.

Dallas, Tx

Implemented BancWare software for interest rate risk, forecasting, and strategic planning. Advised management on investment portfolio, net interest margin, and compliance. Provided analyses for determining optimal rate of return for REO properties.

Master Of Arts (M.A.), International Management Studies

Concentrations in finance and accounting.

International Economics

European Business Studies. Acquired fluency in German.

B.A., Economics

Education record