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Greater Washington AFP

GWAFP Spring Training 2013

  • 08 May 2013
  • 11:30 AM - 4:00 PM
  • Bank of America


Registration is closed

Sponsored by Bank of America

Directions to Bank of America

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

12:00 - 12.50p.m.  Topic:” Can Business Schools Teach Ethics”

In the wake of recent financial crises, bright high-achieving MBAs were blamed for being overly aggressive in pursuing short-term profits without regard to long-term consequences. Not surprisingly, commentators looked to the business schools that had produced these financial wizards (or warlocks). Questions about educational priorities were raised, and leading universities as well as accrediting bodies began to encourage schools of business to revise their programs in ways that would increase the emphasis on “business ethics.”

In many ways, Marymount University has been ahead of the curve. Twenty years ago we introduced a required Business Ethics course into our undergraduate curriculum along with a required Business in Society course in our MBA program. But is a 3-credit ethics course enough? Can we really teach business students to be ethical? Along with our business school counterparts across the country, those of us at Marymount are becoming increasingly intentional about our efforts to assist students in their moral development. We recognize that we cannot change substantively a college student’s personal moral code. We believe we can help students become more conscious of the choices they make and how they make them. This presentation will share what we’ve learned along the way as well as information about how we are changing Marymount’s business programs to encourage students to grow into the “principled decision makers” we all want them to be.

Learning objectives:

• Discover how schools approach assisting students in their moral development.

• Understand the methods of teaching business students ethics in the business world.

Speaker: Catherine England, PhD, Associate Dean of School of Business Administration Marymount University.

Catherine England is the Associate Dean for the School of Business Administration at Marymount University. She has served in that post since August 2006. Dr. England joined the faculty at Marymount in August 1998. Before coming to Marymount, Dr. England spent four years on the graduate finance faculty of the School of Management at George Mason University. Dr. England earned her M.S. and Ph.D. in economics from Texas A & M University. Before beginning her academic career, Dr. England worked as a private consultant, as Senior Editor of Regulation magazine and the Cato Journal, and as a regulatory policy analyst for The Heritage Foundation. Dr. England’s area of specialty was regulatory policy analysis, with particular focus on the regulation of financial institutions. Dr. England’s current research interests lie in the area of business education. She is particularly interested in the question of how to best prepare business students, both undergraduates and graduates, to exercise better judgment and make principled decisions as they move into the workplace and assume positions of responsibility.

1:00 - 1:50p.m.  Topic: “Benchmarking the Finance Function 2013: How Does Your Company Measure Up?”

Benchmarking data can help financial executives at all companies — large and small, public or private — get a better sense of how their finance function performs in relation to peers. This presentation examines the results of the third annual benchmarking survey of the staffing, compliance, internal controls and other practices of the finance function. This is the first year the report includes responses from executives in Canada. Issues covered will include how companies use temporary, interim or contract professionals; the cost of finance staff measured as a percentage of revenue; how finance and accounting staff is allocated and; what finance and accounting functions are being outsourced.

Learning Objectives: • Discover how companies’ financial functions performance compares to their peers

• Understand the results of benchmarking survey of staffing, compliance, internal controls and other practices of the finance function.

Speaker: Richard Allen Milne - Division Director Robert Half Finance and Accounting, a division of Robert Half International, inc. Richard is currently a Division Director for the Permanent Placement Division of Robert Half International. He specializes in placing accounting and financial professionals throughout the entire Washington, DC Metropolitan area. He has been with Robert Half for over 14 years, having spent the first half of his career in the UK and now makes his home with his wife Andrea in Bethesda, MD. Richard has been a multiple Chairman’s Club award winner for Robert Half, both in the UK and the United States, which recognizes the top leaders and producers in the world for Robert Half International.

2:00 - 2:50p.m.  Topic: “Remotely created checks, electronic remotely created checks, and electronic payment orders”

Discussion of Remote Electronic Check Alternatives such as: remote check clearing (RCC), Electronic Remote Check Clearing, (eRCC), and Electronic Payment Orders (EPO) Learning Objectives:

• Discover the Federal Reserve perspective for RCC, eRCC and EPO

• Understand the issues around creating electronic checks.

Speaker: Edi Collis, Senior Financial Services Analyst, Retail Payments Section at the Federal Reserve Board of Governors Edi Collis is a Senior Financial Services Analyst in the Retail Payments Section at the Federal Reserve Board of Governors, where she has been for about 22 years. Prior to joining the Retail Payments group, Edi was a member of the Board’s Research Division. Edi assisted in the infrastructure changes in check processing for the Federal Reserve System made possible by check electronification, reducing the System check processing sites from 47 to one. She has been part of several Board rulemaking teams, including those related to the Check 21 Act, Regulation CC, and Regulation II (Debit card interchange). She has an economics degree from Goucher College and an MBA-Finance from GWU.

3:00 - 3:50p.m.  Topic: “Going Global – Understand the Industry Trends and Learn Best Practices”

73% of U.S. middle market companies are doing business internationally. This session will focus on several trends in the industry including the mandatory migration to the Single Euro Payment Area (SEPA) and the offshore Chinese Renminbi settlement process. We’ll also discuss best practices for Treasurers and Cash Managers in streamlining global operations, such as bank rationalization, managing offshore liquidity, overcoming regulatory obstacles and dealing with the lack of visibility. Learning Objectives:

• Discover international industry trends

• Learn Best Practices in streamlining global operations

Speaker: Sue Caras Director, International Treasury Solutions Officer, Bank of America Merrill Lynch Sue Caras is the southeast regional director of Global Commercial Banking International Treasury Services for Bank of America Merrill Lynch and is based in Washington, DC. In this role, she works with multinational corporations to deliver cash management, liquidity and custody solutions to clients across the globe, including Europe, Asia Pacific, Canada, Central and Latin America. Ms. Caras has been with the firm for more than 15 years. Prior to this position, she worked on the trading desk to help corporations invest their global liquidity in a variety of instruments from short-term fixed income securities to commingled funds and separately managed account. In between these positions, Ms. Caras lived in South Africa for 3 years and managed the U.S. Ambassador’s Community Grants Program at the Embassy in Pretoria. Susan is a graduate of the University of Vermont in Burlington


Please register by May 7, 2012, using our online meeting registration form (

Members: $35

Non-Members: $45


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:


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: Bill Spinnell
Phone: 202-442-7564


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