Rosemary E. Minyard, PH.D., CPA

Pfeiffer University at Charlotte
4701 Park Road
Charlotte, NC 28209
W - (704) 945-7325 F - (866) 855-8660
Email: rosemary.minyard@fsmail.pfeiffer.edu

EDUCATION
Ph.D., Economics, Princeton University (International Trade, Money and Banking and Labor);
Dissertation: Industry and Host Country Incentives for Foreign Direct Investment: U.S. Multinational Corporations
M.A., Economics, Princeton University, 1973;
B.A., Economics, NYU, 1970
Certified Public Accountant, 1996, Maryland

EMPLOYMENT HISTORY
PFEIFFER UNIVERSITY, Charlotte, NC January 2007-present
Assistant Professor of Economics and Finance/MBA Program
• Responsible for instruction in Managerial Finance and Economics in the MBA Program for mid-career students and other activities which support the goals and mission of the university.

BANK OF AMERICA, Charlotte, NC January 2006 – November 2006
VP, Sr. Audit Consultant
• Planned and conducted detailed audit work and related documentation, including all work papers and reports, for Real Estate Capital Markets, Global Portfolio Strategies and Derivatives Documentation in the Global Corporate Investment Banking Division.
• Monitored new products presented in the US Structuring Risk Forum and maintained relationships with business support partners in legal, credit risk, market risk, and operational risk in order to influence the use of sound risk management practices.

FDIC/RESOLUTION TRUST COMPANY, Washington, DC June 1991-May 2005
Resolutions and Receivership Specialist
Mortgage Backed Securities Specialist
• Improved the yield and liquidity on over $3 billion of credit reserve fund investments by negotiating with the rating agencies to accelerate the release of excess reserves held on over $40 billion of non-conforming securitized mortgages.
• Successfully obtained the release of over a billion dollars back to the corporation
• Developed a structural credit loss model for analyzing expected loss on multi family mortgages.
• Resized the amount of credit support required on over $200 million of conforming securitized mortgages, resulting in the release of nearly $55 million of assets pledged.
• Analyzed credit characteristics of various types of securities, including treasuries, corporates, high yields, and mortgage backed and their derivatives, thereby increasing the return on over several billion dollars of assets sold by the RTC.
• Established a credit policy for selling over $1 billion in out of the money interest rate swaps, caps and floors, by restructuring the instruments so that they were neutral to credit quality of the purchaser.
• Developed a highly sophisticated credit policy for collateral held against purchases of nearly $7 billion in repos.
• Maintained a close pulse on various financial markets (fixed income, asset backed, mortgages and equities) to assess the outcome of alternative disposition strategies for assets held in RTC/FDIC-controlled institutions.
• Coordinated the marketing of assets with various regional offices to communicate regional and corporate policies on the sale of assets or securities.

OFFICE OF CHIEF COUNSEL - IRS, Washington, DC March 1990 - June 1991
Systems Analyst
• Analyzed procedures for researching and managing documents in cases, resulting in more efficient disposition of tax cases.
CONSULTANT, New York, NY April 1988 - March 1990

Consultant
• Analyzed detailed asset account information on commercial loans, mortgages and off-balance sheet items such as futures and options, in order to improve asset liability management models for the banking industry.

MERRILL LYNCH CAPITAL MARKETS, New York, NY September 1982 - April 1988
Senior Securities Analyst
• Analyzed the value and credit levels of corporate bonds in firm's inventory and selected them for asset liability matched portfolios, thereby improving portfolio performance dramatically for clients.
• Maximized portfolio performance for clients by alerting traders to opportunities for bond swaps in investment grade portfolios which were both actively and passively managed for large institutional clients, including insurance companies, pension funds, municipalities, banks and corporations.
• Participated in the development of a bond index fund to assemble fixed income portfolios and analyzed the tracking error of the fund to the market.
• Developed innovative ways to increase marketing efforts to institutional clients. Created a brochure explaining applications of portfolio optimization to managing assets and liabilities of foreign central banks.
• Reduced risk in trading by identifying minimum risk trades in the government securities market and conducted rich cheap analysis in both the cash and futures markets.

CONSULTANT, Washington, DC July 1979 - September 1982
Consultant
• Improved market penetration for U.S. firms by performing analysis on major industry groups operating in the European Community and Far East and analyzed potential product proliferation.

CONGRESSIONAL BUDGET OFFICE, Washington, DC November 1975 - July 1979
National Securities International Affairs Analyst

• Evaluated loan portfolio of the Export Import Bank ($2.791 billion) and calculated subsidy it incurred by lending at fixed market rates, contributing to a change in bank policy from lending at fixed rates to floating rates, resulting in reduced government subsidy.
• Analyzed leads and lags in trade and foreign exchange markets to determine if volatility in foreign exchange rates was market driven and cyclical or excessive enough to warrant a policy change.

PROFESSIONAL AFFILIATIONS

AICPA
CFA Institute
Financial Women’s Association (FWA)
Charlotte Economics Club

PUBLICATIONS

The Export Import Bank: Implication for the Federal Budget and the Credit Market, Congressional Budget Office Staff Working Paper, October 27. 1976.
U.S. Government Involvement in Commercial Exports: Program Goals and Budgetary Cost, Congressional Budget Office Background Paper, November 1977.
The U.S. Balance of International Payments and the U.S. Economy, (with C.R. Neu) Congressional Budget Office Background Paper, February 1978.