Devin Parker

Devin Parker Email and Phone Number

Senior Vice President and Treasurer @ Western Union
Denver, CO, US
Devin Parker's Location
Denver, Colorado, United States, United States
Devin Parker's Contact Details

Devin Parker work email

Devin Parker personal email

n/a
About Devin Parker

Results-oriented, insightful leader with strong business acumen and 25+ years' of experience at several multibillion dollar global corporations. Known for strong leadership capabilities and a proven track record of delivering significant shareholder value while making a true difference for people by demonstrating genuine concern and focusing on talent development. ➢ Comprehensive command of global treasury issues including capital structure, portfolio management, FX, interest rate and equity derivatives, risk management, liquidity management and operations➢ Broad-based skill set with the ability to partner with FP&A, tax, legal, accounting, investor relations, regulatory compliance, M&A, and the Executive Committee to accomplish key organizational goals➢ Relationship development expertise with commercial/investment bankers, rating agencies, and financial markets➢ Experience communicating effectively to Executive Management, the Board of Directors, regulators, professional associations, and investors ➢ Proven leadership, team-building and people development skills with the ability to execute strategies and achieve results through partnership and teamwork AREAS OF EXPERTISE: Portfolio Management ~ Capital Markets ~ Risk Management ~ Strategic Finance ~ Leadership / Talent Development ~ Business Strategy ~ Relationship Building ~ Negotiation ~ Global Treasury Management ~ Derivatives / Hedging ~ Financial Modeling ~ Bloomberg~ Process Improvement ~ Forecasting ~ Cost of Capital ~ Share Repurchase ~ Dividend Policy ~ Valuation ~ Pensions ~ Trading ~ Debt Issuance / Management ~ Bank Relationship Management ~ Rating Agency Relationship Management ~ Strategic Thinking ~ Financial Planning & Analysis ~ Regulatory Relationship Management ~ Credit Facilities ~ Letters of Credit ~ Strategic Liquidity Management ~ Policy Setting / Internal Controls ~ FX ~ Investor Relations ~ Due Diligence ~ Integration ~ Tax Analysis ~ Six Sigma ~ Working Capital Management ~ Corporate Finance ~ M&A

Devin Parker's Current Company Details
Western Union

Western Union

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Senior Vice President and Treasurer
Denver, CO, US
Website:
westernunion.com
Employees:
14893
Devin Parker Work Experience Details
  • Western Union
    Senior Vice President And Treasurer
    Western Union
    Denver, Co, Us
  • Western Union
    Senior Vice President & Treasurer
    Western Union Mar 2023 - Present
    Denver, Co, Us
    I lead a team comprised of over 30 professionals in 6 countries / 4 continents in all aspects of Treasury while serving as a key advisor to the CFO, CEO and Board of Directors. Responsibilities include capital structure design and execution, managing multibillion dollar global investment portfolios, foreign exchange risk management, treasury operations ($300 billion annual fund movement), insurance, credit, management of the company’s multi-billion dollar debt structure, interest rate risk management, share repurchase strategy and execution, bank and rating agency relationship management, dividend policy, equity derivatives strategy, M&A, retirement plans, cost of capital analysis, forecasting, working capital optimization, liquidity management, investor communications, presentations to the board of directors and rating agencies, while leading and developing VP and Director level staff.SELECTED ACCOMPLISHMENTS:• Identified and implemented 3 ideas that improved EPS by over 5% in 2023 for CEO/CFO• Identified and championed several new ideas capable of delivering significant annual recurring revenue• Secured access to over $250M of subsidiary capital for parent company• Negotiated savings of $3.6M on lease expenses• Freed up $145M in capital in Africa saving $11M in the process• Established new APAC Treasury center that will deliver ~$70M in capital efficiencies • Improved bank counterparty risk management process• Negotiated key terms of a partner contract, improving the economics by $28M per year• Improved several FX processes around the world saving the company $18 million annually• Established new bank relationships to support the business• Negotiated higher interest rates on cash balances with several banks• Completed successful multi-state regulatory exam• Developed FX risk management presentations to educate numerous internal stakeholders• Extended the revolving credit facility for 5 years with favorable terms
  • Western Union
    Vice President & Assistant Treasurer - Capital Markets, Investments, Risk & Insurance
    Western Union Oct 2013 - Mar 2023
    Denver, Co, Us
    Responsible for capital markets, global investment portfolios, risk/insurance, pensions and strategic treasury functions including management of the company’s multi-billion dollar debt structure and investment portfolios while leading and developing Director level staff. Providing deep expertise in investment strategy/management, capital structure design and execution, share repurchase strategy and execution, bank and rating agency relationship management, dividend policy, derivatives strategy, M&A, pension management, cost of capital analysis, forecasting, working capital optimization, liquidity management, investor communications, presentations to the Board of Directors and rating agencies.SELECTED ACCOMPLISHMENTS:• Selected by CEO to participate on team responsible for updating company’s M&A strategy• Led the sale of minority investment where successful negotiation resulted in a 5,100% return• Part of a team effort that delivered strategies providing efficient access to $5.7B• Designed and implemented an advanced investment strategy for a $1.9B portfolio, delivering hundreds of millions in revenue/profit with no annual losses • Took the pension from a $130M deficit to a $30M surplus• Designed and implemented risk management tools to successfully navigate the 2008 financial crisis; subsequently adopted by over 200 companies • Led numerous offerings totaling $10B of debt securities, significantly reducing the cost of capital• Negotiated/established 5-year revolving credit facilities of $1.5B and $1.65B with favorable terms• Developed company’s fixed/floating strategy saving millions of dollars annually• Designed a strategy to hedge risks in an $800M portfolio, resulting in a $60M gain• Led projects impacting regulatory capital which freed up over $1.4B• Proactively developed toolset to improve capital discipline; delivered education to key stakeholders globally (executives, sales, finance, legal etc.), saving millions of dollars
  • Western Union
    Director, Capital Markets & Investments
    Western Union 2006 - Oct 2013
    Denver, Co, Us
    Responsible for capital markets and strategic treasury functions including management of the company’s multi-billion dollar debt structure and investment portfolios while leading and developing managerial level staff.
  • Self-Employed
    Angel / Venture Capital Investor And Mentor
    Self-Employed 2017 - Present
    • Investor in several startup to venture stage businesses (from seed rounds to IPO) in a variety of industries• Served as a mentor to numerous startup firms on multiple continents providing advice on issues ranging from business strategy, capital raising, marketing, risk management, tax efficiency, exit strategies, etc.
  • First Data Corporation
    Manager, Treasury Projects & Analysis Department
    First Data Corporation 2002 - 2006
    Brookfield, Wisc., Us
    Responsible for leading the most significant projects and initiatives for a highly sophisticated Treasury Department ($9 billion in daily funds movement). Produced multi-million dollar economic impacts in each year. Experience and responsibilities include: capital markets strategy, bank fee negotiations, merger due diligence and integration, contract negotiation, forecasting, bank relationship management, improving investment processes, designing Treasury policies, managing and developing Treasury staff, handling a wide range of sophisticated analysis and financial modeling, and simultaneously managing multiple six sigma projects to successful completion.SELECTED ACCOMPLISHMENTS:• Led the Treasury Capital Markets efforts for Western Union in the $15 billion spin-off • Led the Treasury effort for a $6 billion merger integration involving 10 cash positions at 6 sites • Negotiated favorable rates with numerous banks increasing income by over $7 million annually• Negotiated bank fee savings and reallocations resulting in savings of over $5 million annually• Prepared testimony to the U.S. Treasury dept. resulting in improved banking access for MSBs• One of ten people in the company selected for a leadership development program

Devin Parker Skills

Capital Markets Financial Modeling Portfolio Management Risk Management Corporate Finance Treasury Management Finance Cash Management Banking Investments Derivatives Hedging Mergers And Acquisitions Valuation Treasury Securities Capital Structure Forecasting Cost Of Capital Trading Share Repurchase Debt Management Due Diligence Banking Relationships Rating Agency Relations Strategic Thinking Strategic Finance Working Capital Management Liquidity Management Investment Management Strategic Financial Planning Credit Talent Developer Investor Relations Regulatory Affairs Pensions Strategic Negotiations Integration Policy Writing Bloomberg Board Of Directors Presentations Strategic Investment Capital Management Futures

Devin Parker Education Details

  • Auburn University Harbert College Of Business
    Auburn University Harbert College Of Business
    Concentraion In Finance
  • Wichita State University
    Wichita State University
    Finance

Frequently Asked Questions about Devin Parker

What company does Devin Parker work for?

Devin Parker works for Western Union

What is Devin Parker's role at the current company?

Devin Parker's current role is Senior Vice President and Treasurer.

What is Devin Parker's email address?

Devin Parker's email address is de****@****ion.com

What is Devin Parker's direct phone number?

Devin Parker's direct phone number is +172033*****

What schools did Devin Parker attend?

Devin Parker attended Auburn University Harbert College Of Business, Wichita State University.

What are some of Devin Parker's interests?

Devin Parker has interest in Education, Children.

What skills is Devin Parker known for?

Devin Parker has skills like Capital Markets, Financial Modeling, Portfolio Management, Risk Management, Corporate Finance, Treasury Management, Finance, Cash Management, Banking, Investments, Derivatives, Hedging.

Who are Devin Parker's colleagues?

Devin Parker's colleagues are Wellington Saes, Misra Yanti, Rima Khalil, Andrew Korneev, Alicia Ibuyat, Lidia Katherine Magallon Lorenzo, Trupti Kolage.

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