Event Sponsored by:

PNC

 

May 14, 2014 “Spring Training” Meeting - SPONSORED BY PNC Bank

PROGRAM INFORMATION

11:30 - 12:00 p.m.             Buffet Lunch, Welcome and Introductory Remarks

12:00 - 12:50 p.m.             Topic: “The Washington Area Economy Is at a Turning Point”

Discussion of the economic conditions and forecast for the Washington Metropolitan area.

 

Learning objectives:

• Learn the economic indicators for changes in the Washington economy.

Speaker: .Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for Regional Analysis, School of Public Policy George Mason University, Arlington, Virginia

Professor Fuller joined the faculty at George Mason University in 1994 as Professor of Public Policy and Regional Development.  He served as Director of the Ph.D. Program in Public Policy from July 1998 to June 2000 and from July 2001 to July 2002. In September 2001, the GMU Board of Visitors appointed him University Professor and in July 2002 he was named to the Dwight Schar Faculty Chair and Director of the Center for Regional Analysis.

 

Prior to joining the George Mason University faculty, he served on the faculty at George Washington University for twenty-five years, including nine as Chairman of the Department of Urban Planning and Real Estate Development and one as Director of Doctoral Programs for the School of Business and Public Management.

 

Dr. Fuller received a B.A. in Economics from Rutgers University (1962) and his Doctorate in Regional Planning and Economic Development (1969) from Cornell University.  He has authored more than 800 articles, papers, and reports in the field of urban and regional economic development including monthly reports on the Washington metropolitan area (2/91 to 2/11) and Fairfax County economies (6/97 to 6/09).

 

Professor Fuller’s recent research has focusing on the structure of the Washington metropolitan area economy, how this changed during the Great Recession and how it will change going forward as its federal-spending dependency diminishes.  He has also undertaken research on the changing workforce requirements of the Washington area’s emerging economy and the housing requirement of this future workforce.  His current research involves the projected demographic changes over the next fifteen years and how these will impact the Washington area’s workforce, housing market, and demand for public services.

 

Professor Fuller served on the Governor’s Advisory Board of Economists under Governors Kaine, Warner, Allen and Wilder. In 2003, he was a member of the Governor Warner’s Tax Reform Working Group. He also is a member of the DC CFO Business Advisory Group of the District of Columbia and the Montgomery County Business Advisory Panel.  His international assignments include Kazakhstan, Georgia, Hungary and China as well as on-going projects in Portugal.  He served on the Board of Directors of Tompkins Builders Inc., a DC-based company, from 2004 to 2012, and currently serves on the Boards of the Global Environment and Technology Foundation and Northfield Mount Hermon School in Massachusetts.

 

1:00 - 1:50 p.m.  Topic:  “EMV Cards”

 

The US is the world’s largest payments ecosystem and the migration to EMV–the global transaction security standard–has now begun in earnest. Learn about EMV chip solutions, how they work, benefits to cardholders and challenges as the U.S. joins the world in adopting this enhanced payment technology.

 

Learning Objectives:

 

·         Discover the growing use of EMV card and it’s migration to the US.

·         Understand EMV chip solutions.

 

Speaker:   Lynn Nettleton, Sr. Vice President and Product Group Manager in PNC’s Treasury Management Division

 

Lynn Nettleton is Sr. Vice President and Product Group Manager in PNC’s Treasury Management Division.  She is responsible for PNC’s Commercial Card product offerings, including T&E, Purchasing and Prepaid cards as well as payables solutions.  Responsibilities include strategy, pricing and profitability, new product development, sales support, marketing and vendor management. Prior to her current role, Lynn was responsible for developing and implementing the Corporate and Institutional Bank’s Internet Banking strategy as well as overall management of the division’s online banking portal, mobile banking and Information Reporting solutions.

 

Prior to joining PNC Bank in 1998, Nettleton held several senior positions at GE Capital Vendor Financial Services, GE’s Electrical Distribution and Control division, and was Assistant Treasurer of GE’s Power Systems division. Nettleton earned a Bachelor’s degree in Business Administration (Finance) from The Pennsylvania State University and a minor in French.

 

2:00 - 2:50 p.m.  Topic:  “Unveiling the Mysteries about Credit Card Processing”

 

This presentation will reveal the real costs and benefits of accepting credit card payments for goods and services in your company or agency.   It’s very simple, but can be filled with unexplained nuance to which you should pay attention

 

Learning Objectives:

 

·         Discover the real costs and benefits of using credit cards.

·         Understand the nuances related to making payments with credit cards.

 

Speaker:  Beth Dubyak, President of Cascade Treasury Services, Inc.

 

Ms. Dubyak is President of Cascade Treasury Services, Inc., a treasury management outsourcing company.  She advises corporations and banks on a variety of treasury management topics, including bank relationship management, credit card merchant processing, corporate finance, and disaster planning. 

 

Prior to forming her own company, Ms. Dubyak was Assistant Treasurer at Thrift Drug, Inc., a wholly-owned subsidiary of the J. C. Penney Company, Inc.  Ms. Dubyak was responsible for bank relations, cash management, investment and borrowing activities, and financial planning.

 

Ms. Dubyak has a B.A. in Economics from Bryn Mawr College, and has completed permanent certification as a Certified Treasury Professional.

 

3:00 - 3:50 p.m.  Topic:  “Automating Electronic Data Transfer for Trade Settlement with Custodians – Case Review”

 

In response to the financial crisis, the financial industry embarked upon several trade finance initiatives to inject liquidity into emerging economies. This in turn resulted in a gap in technology solutions to support the automation of this activity.  Majority of the industry - as part of a short- term solution – resorted to a fax-based communication mechanism transmit daily trades to their custodian banks.  These trade tickets currently being faxed do not include the full details of these transactions since these tickets are derived from native trading systems. (Fixed income trade capture/accounting system) using generic trade features.

The legacy fax communication mechanism have several failures/delays control points and cannot be relied upon for accurate transmission of these trades.  As a result, financial operations staff print trade tickets, manually add any mandatory information that may be missing on the tickets, and then fax them to custodian banks.  Once received, information from these faxed trade tickets is manually entered into custodian’s systems to facilitate their settlement and accounting. 

This short-term manual process solution, involves significant operational and settlement risk in light of duplicate and manual data entry, and strict settlement deadlines for Liquid Asset Management (LAM) trades.

The long term solution is to implement an electronic data transfer directly between trade capture systems and custodian’s back office processing systems.  By eliminating the manual intervention for these time-critical trades, electronic data transfer will decrease operational risk and improve the efficiency of the settlement and accounting process for the LAM trades.

 

Learning Objectives:

 

·         Discover the cause and effect of the short-term manual process to bridge the gap in technology solutions to support the automation of several trade finance initiatives after the financial crisis.

·         Understand the long-term solution to replace the manual process and decrease operational risk and improve efficiencies.

 

Speaker:  Krishna Ravula, Manager at Actualize Consulting

Mr. Krishna Ravula is a Manager at Actualize Consulting with extensive experience developing strategic Treasury Enterprise project charters,  business case documents, scope documentation, project planning, executing, monitoring & controlling, and reporting on global business systems delivery, services management, operations of client services, release management, and production support for clients. Mr. Ravula is a motivating, relational program manager who partners with customers and cross-team organizations, managing and delivering mission critical Treasury and Manufacturing Business IT solutions. Mr. Ravula maintains extensive experience in Application Delivery, Application Testing, Production Support, Audit, Risk Management, IT Technical Operations and Compliance tasks across various industries including Finance & Defense; and is especially seasoned in delivering Treasury solutions. Mr. Ravula holds the Certified Information Systems Auditor (CISA), Project Management Professional (PMP), and the Certified Scrum Master (CSM) certifications. Mr. Ravula has earned his Master of Business Administration from Duke University; a Master of Science in Economics from the Birla Institute of Technology and Science; and an Advance Diploma in Software Exports Training (ASSET) from APTECH. 

REGISTRATION INFORMATION

Please register by May12, 2014, using our online meeting registration form (www.gwafp.org).

Members: $35

Non-Members: $55

CPE, CAE, and CTP CREDIT INFORMATION

Course attendance recommended for 1 CPE, CAE or CTP credit per 50 minutes.

Delivery Method: Group-live

Program Level: Intermediate

Prerequisites: No Prerequisites Required

Advanced Preparation: No Advanced Preparation Required

Greater Washington Association of Financial Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN37219-2417. Website: www.nasba.org.

CANCELLATION AND REFUND POLICIES

Sessions generally will be cancelled only for inclement weather. If the U.S. Government closes due to severe weather, the session will be cancelled.  Every effort will be made to notify registered participants of the cancellation by email. In the event of advance payments, participants may request funds be applied to the next upcoming meeting provided 48 hours of notification are given.

Complaints should be directed to the Education Committee at education@gwafp.org; if resolution cannot be achieved at this level, the complaint will be reviewed by the Executive Committee.

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For more information:

Contact: Bill Spinnell

Phone: (202) 442-7564

Email: contactus@gwafp.org