Directions to Bank of America
11:30a.m. - 12:00 p.m. Buffet Lunch, Welcome and Introductory Remarks
12:00 - 12.50p.m. Topic: 2012 AFP / Oliver Wyman Risk Survey results. Speaker: Michael Denton, Partner, Global Risk & Trading Practice, Oliver Wyman
This presentation will focus on the findings and implications of the Association for Financial Professionals’ 2012 Risk Survey, conducted in collaboration with Oliver Wyman. The survey of 435 CFOs, corporate treasurers and other senior finance executives across North America, identified key risk areas and management challenges facing corporate financial practitioners and their organizations. Survey findings highlighted the fact that interconnected risks, including financial, macroeconomic, operational, external, and commodities, are introducing an unprecedented level of uncertainty into financial results. As a result, it is imperative for financial professionals to develop the necessary risk management capabilities in order to understand the impact of multiple risks when making critical decisions.
Learning Objectives:
-Participants will gain a greater knowledge of:
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The key risk areas and management challenges faced by senior corporate financial practitioners and their organizations over the next 18-36 months;
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The impacts of these risks on corporate strategies;
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Peers’ views on the most critical variables that companies need to consider in developing their short and long-term strategies;
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Insights on long-term risk trends and implications;
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Approaches companies can take to evaluate the impact of different risk scenarios.
Speaker: Michael Denton, Partner, Global Risk & Trading Practice, Oliver Wyman
Michael is a Partner in the Global Risk & Trading practice at Oliver Wyman in New York. He manages client relations and supervises the delivery of services on corporate risk engagements, with specialized experience in energy, agriculture and the commodities industries. Michael has been involved in the commodities, refining and energy marketing/trading industries for over twenty five years, as both a practitioner and as a consultant. He has developed deep expertise in market risk modelling, portfolio dynamics, counterparty credit, and risk-based strategy frameworks. Prior to joining Oliver Wyman, he served in the Enterprise Risk Management practice at Risk Capital, and as the head of Global Analytics for SunGard Energy Systems. His early management consulting background focused on serving electric, gas and telecom industries and their regulators.
Michael has a B.S. in Interdisciplinary Engineering, with a major in Power Systems from Purdue University, an M.B.A in Finance from the University of Chicago, and an M.A. and PhD in Economics from the
University of Arizona.
1:00 - 1:50p.m. Topic: Treasury Hot Topics. Speakers: Claudia Volk and Nancy Edwards
This session will provide an interactive discussion focusing on selected hot topics, and will include an overview of developments in two areas: The EMV credit card system and the many aspects of Mobile Payments.
Learning Objectives:
Speakers: Nancy Edwards, Treasurer, Metropolitan Washington Airports Authority (MWAA) and Claudia Volk, Founding Principal, CJVolk Associates, Inc.
Nancy Edwards is the Treasurer for the Metropolitan Washington Airports Authority (MWAA). MWAA operates Ronald Reagan Washington National Airport and Washington Dulles International Airport and the recently acquired Dulles Toll Road
Nancy has responsibility for all cash management functions for MWAA's operating and bond funds including the management of $2 billion in fixed income securities. The Department of Treasury is also responsible for Grant Administration, and the analysis and reporting of expenditures for the Aviation Capital Development Program, as well as the Metro Rail extension through Tysons to Washington Dulles International Airport. Before joining MWAA, she was the Cash Manager of Atlantic Gulf Communities, a major land developer in Florida.
Nancy became a Certified Cash Manager (CCM) in 1989, achieved permanent CCM status in 1994, and converted to the Certified Treasury Professional (CTP) in 2003. Nancy received a Bachelor of Arts degree in Business Finance from Florida International University in 1986 and an MBA from George Washington University in 1998. Nancy has served GWAFP in various capacities including: Vice President, President, Past President and Board Member.
Claudia Volk is founding Principal of CJVolk Associates, Inc., a treasury and cash management consulting firm established in 2000. She has over 25 years of experience in finance and treasury. Her practice includes corporations, governments and not for profit organizations. She holds an MS degree in accounting from Georgetown University and a BS in special education from Appalachian State University.
Claudia is a CTP, AAP, CPA, and adjunct faculty at Marymount University. She too has held various positions within GWAFP including: Board Member, President, and Past President.
2:00 - 2:50p.m. CSX and its Role in Solving America's Transportatin Challenges. Speakers: Matt Nelson and Garrick Francis
This presentation will focus on America’s transportation infrastructure and how CSX is playing a vital role in the U.S. economy. Information covered will include trends in transportation demand and the challenge for meeting those needs in a sustainable manner. Additionally, this presentation will look at the financial and political landscape as it relates to transportation policy, and why legislation impacting the rail industry is important for America’s economic future.
Learning Objectives:
-Participants will gain a greater knowledge of:
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America’s transportation infrastructure;
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Sustainable transportation alternatives;
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Private capital investment and job creation in the rail industry;
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Political and other issues facing the rail industry.
Speakers: Garrick Francis, Director of Federal Affair at CSX Corporation; Matthew Nelson, C.P.A. and C.T.P. , Director of Treasury Finance at CSX Corporation
Garrick currently serves as a Director of Federal Affairs in the CSX Washington, DC office where he lobbies members of Congress on behalf of the company. He is primarily responsible for environmental, climate and energy issues, and represents the company with key trade associations and at legislative events. Garrick joined CSX in May 2006 as a Director of Corporate Communications. In that role, he served as a primary financial media spokesperson with local media, newswires, and national print and broadcast media and coordinated financial and corporate media for earnings announcements, annual meetings and investor conferences. During his three plus years in corporate communications, he was also responsible for regional media relations and crisis communications in Kentucky, Illinois, Indiana, Ohio, Michigan, North Carolina and South Carolina. In addition to his work with the company, Garrick is a board member of City Year, Washington, D.C.
Prior to joining CSX, Garrick worked in a variety of corporate communications, government relations and community affairs positions with Progress Energy, Epley Associates, Inc., Duke University and The Center for Community Self Help. He began his career in 1989 on Capitol Hill with the Office of United States Senator Terry Sanford (D-NC). He holds a B.A. degree from the University of Pennsylvania and a M.A. from Duke University.
Matthew works in the Treasury department of CSX, serving as Director of Treasury Finance, where he oversees the cash management function and participates in a variety of other treasury related roles including cash forecasting, leasing, relationship management, and capital markets support. He joined CSX in April 2005 and has held positions in both corporate finance and accounting. He has been involved in a variety of activities including investor relations support, coordinating CSX’s monthly close and forecast process, and preparing the company’s quarterly and annual SEC filings.
Prior to joining CSX, Matthew worked in the audit group at KPMG, focusing predominately on publicly-traded real estate companies. Matthew holds B.B.A. degrees in both Accounting and Economics from the University of North Florida, as well as an M.B.A. from the University of Florida.
3:00 - 3:50p.m. Topic: Expanding into Global Markets - The New Reality. Speaker: John Mullett, Bank of America.
The past several years have proven that expanding abroad is gaining momentum and offering significant opportunities for corporates. Yet the challenges of operating in a dynamic international environment require both expertise and a careful balancing act in managing a company's financial operations and priorities in a global context. Join this session to gain additional insight on current international treasury best practices by leveraging operational efficiency and strategic vision for 2012 and beyond.
Learning Objectives:
-Participants will gain insight on:
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Current international treasury best practices;
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Methods for improving operational efficiency;
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The strategic vision for 2012 and beyond.
Speaker: John Mullett, Assistant Vice President, International Business Development Officer, Bank of America.
John Mullett is an Assistant Vice President, International Business Development Officer in the Global Corporate Bank at Bank of America Merrill Lynch. Based in Chicago, IL, he is responsible for designing and structuring international treasury solutions for US based headquarters of middle-market multinational companies and identifying global liquidity, and cash management solutions, within the commercial banking channels throughout the Midwest and East Coast. In his role, he assists corporations in managing their finance operations globally, while considering various regulatory, economical and political environments.
Since joining Bank of America Merrill Lynch in 2007, he has held positions in the Investment Management and Global Treasury Services divisions. John holds a degree in Business Administration from College of Charleston.
REGISTRATION INFORMATION
Please register by May 7, 2012, using our online meeting registration form (www.gwafp.org).
Members: $35
Non-Members: $45
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 that the registration fee be applied to the next upcoming meeting, assuming notification is provided within 48 hours of the scheduled event.
Complaints should be directed to the Education Committee; 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: Donna Ryan
Phone: 202-835-4986
Email: contactus@gwafp.org
More information and online registration: GWAFP May 2012 Monthly Meeting
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