Monday, April 14, 2014Session Titles, Descriptions & Biographies

Opening Session

Payment Trends: Fraud, Risk Management and EMVMatt Davies, Federal Reserve Bank of Dallas, Payments Outreach Officer

This presentation will discuss recent trends in payments fraud and risk management, as well as the progress of the adoption of the Europay-MasterCard-Visa (EMV) standard for processing credit card transactions in the U.S. Among the highlights will be a review of some of the corporate account takeover ("CATO") cases that have gone to court; the audience will hear about the circumstances of those cases and how things have turned out for the banks and the corporates involved. The presentation will also cover best practices for banks and corporates to mitigate payments fraud and CATO. The second half of the presentation will focus on EMV, a current hot topic particularly in light of recent highly-publicized data breaches.

Matt Davies, AAP, CTP, CPP, is the Payments Outreach Officer for the Federal Reserve Bank of Dallas. He has over 16 years of experience in the payments industry, nearly 14 of those with the Federal Reserve Banks, first in Kansas City and later in Dallas. He has also served as a product manager in the bankcard and commercial banking industries. Matt is an Accredited ACH Professional (AAP), a Certified Treasury Professional (CTP) and a Certified Payments Professional (CPP). He serves on the board of the Dallas Association for Financial Professionals, and frequently speaks at various industry events. He is a co-author of the working paper Nonbanks in the Payments System, published in book form by the Federal Reserve Bank of Kansas City in 2003.

Lunch Session

Purpose - People - Philanthropy: The Charles Penzone Inc Success StoryDebra Penzone, The Charles Penzone Salons, President

Charles Penzone Salons are a local business success story where a core purpose of philanthropy has been built into the company culture to empower and inspire people to their highest level of productivity. Ms. Penzone will provide an overview of the history, growth, and successes at Charles Penzone Inc. with a focus on how finance has evolved over the years, from both an internal finance and operations perspective, as well as externally, as a partner with banks, auditors, etc.

For nearly 25 years, Debra Penzone has contributed to The Charles Penzone Salons organization as an artistic director, training director and senior vice president. She now serves as President over the six salons and The Brittany Group Professional Beauty Products and Education. In 2012, Debra was named the recipient of the Smart Business magazine’s Power 100 as a central Ohio leader who makes things happen. In 2010, she received the prestigious Kent Clapp CEO Leadership Award. She was also chosen as one of the “20 Most Intriguing Salon Owners” by Salon Today magazine.

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Closing Session Financial focus on Big!LotsJared Poff, Big Lots, Vice President, Treasurer

Big!Lots is a Fortune 500 retail corporation headquartered in Columbus, Ohio with annual revenues exceeding $5.3 billion. As the nation’s largest broadline closeout retailer, Big Lots has over 1,500 stores throughout North America offering consumers a wide range of brand name merchandise, including closeouts, seasonal products, consumables, and furniture. The Treasurer will walk us thru a Presentation commonly presented to rating agencies, investors, and analysts on Wall Street. The session will provide a comprehensive overview of the company with a specific focus on their financial structure and operations, as well as, help attendees understand what goes into preparing and delivering an Analyst Presentation.

Jared Poff is Vice President, Treasurer for Big Lots, Inc. Poff oversees cash management, corporate debt & liquidity, capital markets and capital structure, corporate & retirement investments, risk management & insurance, sales audit & control and administration of the company’s equity compensation programs, lease to purchase program, and vendor financing program. Poff is a member of the Association of Financial Professionals and has been an adjunct professor of corporate finance at Franklin University and a member of the Accounting and Finance Advisory Board for Ohio Dominican University. He has been personally interviewed for and extensively contributed to articles in CFO Magazine, AFP Exchange Magazine, CFO.com, APMatters, and was named one of the “100 Most Influential People In Finance” by Treasury and Risk Magazine.

RETAIL ROUNDTABLE – Retail Industry Practitioners ONLY Issues facing the Retail Industry in 2014 Gavin Waugh, Wendy’s Company, Vice President, Treasurer

Central Ohio is home to many retail companies and we are leveraging this concentration of expertise to provide a session relative to retail industry challenges. Gavin will lead a discussion on a variety of issues that retail industry attendees are facing and all are encouraged to share best practices in an informal roundtable setting.

Gavin Waugh is the Vice President and Treasurer for The Wendy’s Company, operator and franchisor of the Wendy’s® restaurant brand. He is responsible for global Treasury and Risk Management activities including capital markets, cash management operations, non-cash consumer payments, insurance placement, claims management, and business continuity planning. He serves on several advisory committees including the AFP Treasury Advisory Group, and is a regular presenter at industry conferences. Waugh, an 18-year Treasury veteran, holds a Bachelor’s degree in Economics and Business Management from the University of South Africa, an MBA from Kennesaw State University, and is a Certified Treasury Professional (CTP).

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Concurrent Sessions

Currency Management – It’s Time to Evolve.Mike Beach, Fifth Third Bank, VP, Sr. Commercial ProductCurrency remains one of the highest cost for any business – from the Largest Retailers to the Small Business owner. This session will review the evolution of currency and the infusion of technology to improve operating efficiency, funds availability, and risk.

Mike Beach has over 16 years of banking experience in both Operations and Treasury Management. He was responsible for setting the strategic direction and supporting the execution of Fifth Third Bank’s Check Image Payments and Currency Processing Solutions Strategy. In addition, he plays a very active role in various Industry Groups and in managing and developing Treasury Management Solutions for the Business Banking and Small Business segment. Prior to Fifth Third Bank, Mike served in various leadership roles for National City Bank and FedEx.

Cyber Liability – Trends, Developments and CoverageWill Carlin, Huntington Insurance Inc., Vice President, Product SpecialistAshley Bauer, Huntington Insurance Inc., Marketing Specialist – Commercial LinesPresentation will include the latest trends and developments in the Cyber Liability arena. Additionally, we will touch on the types and sources of breaches, Cyber Liability coverage options, as well as Insurance Company pre and post claim services.

Will Carlin is a Commercial Lines Product Specialist and his primary focus is on Executive Risk. Will has over 15 years of experience in the Executive Liability and Professional Liability arena. Most recently Will was the executive liability manager at The Hauser Insurance Group in Cincinnati.

Ashley Bauer, Marketing Specialist, Commercial Lines and has been in the insurance industry since 2006. She works with carrier partners to negotiate quotes; reviews quote terms and conditions to determine the best option for the risk. She specializes in the areas of Cyber Liability and Professional Liability. Ashley earned her Bachelor of Science in Finance from Miami University in Oxford, Ohio. She also holds her Chartered Property Casualty Underwriter (CPCU), Registered Professional Liability Underwriter (RPLU), Associate in Risk Management (ARM) and Associate in Commercial Underwriting designations (AU).

Treasury Evolution enabled by SWIFT Gloria Vargas, SWIFT Americas, Business Development Manager, CorporateScott Craycraft, Abercrombie and Fitch, Assistant TreasurerJoin us for a discussion of how corporations – local, regional and global – are evolving their Treasury Operations from reactive cash management to proactive risk management and advisory roles. Hear how your corporate peers are using SWIFT as one of the building blocks in this evolution.

Gloria Vargas joined SWIFT in 2013, where she focuses on Business Development for Corporates in the Americas, advising companies on best practices around Payments, Cash Management, Trade Finance and overall Treasury Operations. Prior to SWIFT, she was at Microsoft where she managed Global Accounts for the Financial Services vertical. Gloria is a frequent speaker at industry conferences and webinars.

Scott Craycraft is the Assistant Treasurer at Abercrombie and Fitch and has worked in Global Corporate Treasury for 27 years, the majority of that time associated with private equity M&A. Focus on integration of systems, banking platforms, and streamlining Finance processes.

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Basel III Impact on Corporates – Will you be affected?Mark K. Webster, CPA, CCM, Treasury Alliance Group LLC, PartnerThis session will provide an overview about Basel compliance and the evolution to the current Basell III from both a bank and corporate perspective.

Mr. Webster is a Partner in Treasury Alliance Group LLC, a consulting firm that specializes in Payments and Treasury Management. He has over 35 years of experience in all areas of payments and treasury and risk management; and has worked with domestic and international clients in a wide variety of industries, including financial services, retail, insurance and government. The former head of the Treasury Management Consulting Practice at Coopers & Lybrand, Mark has led Bank Operations and Payments Consulting Practices as a partner at both PricewaterhouseCoopers and Capco. He has significant financial services industry experience, having worked for both regional and money center banks in a variety of roles including: CIO, Treasury Services Product Manager, and head of Payments Operations and Check Processing. He is an associated editor of the Essentials of Treasury Management and has authored articles on the payments industry, risk management, and operational transformation for a variety of publications. He is a frequent speaker and lecturer on both a local and national level, and is on the faculty of The Payments Institute, The Institute of International Payments, The Global Treasury Forum, and the Treasury Management Series at the Haas Business School at the University of California, Berkeley.

Trends in Interest Rate Risk Management Cara Burns, Bank of America Merrill Lynch, Director, Global Rates & Currencies Originations Volatility represents a threat to the bottom line. Risk management offers a means to smooth out volatility, insulate a company from potential shocks, and promotes the stability of budgeting and forecasting. This presentation will cover the current market conditions, recent Fed policy changes, and hedging tools utilized in this market to mitigate the appropriate amount of risk.

Cara M. Burns works in Chicago on the Global Rates & Currencies desk focusing specifically on interest rate risk management. She works with Global Commercial Banking clients predominately in the central region of the United States.  Cara joined Bank of America Merrill Lynch in 1999. Cara graduated from The Eli Broad College of Business at Michigan State University with a Bachelor of Science degree. In 2006 she attended Harvard University’s Harvard Extension program, completing additional coursework through its Masters Management program.

Social Media for the Risk Averse Treasury Management Professional Laurel Egan Kenny, MS, MBA, Turningpoint Communications, PresidentMany get into social media for all the wrong reasons and still others have allowed fear to prevent them from trying. Social media is fast becoming the best way to stay connected, promote your company and yourself, become a thought leader, and educate friends, connections, followers, groups and the like. The presentation will help attendees minimize risk and maximize social media rewards.

Learning Objective 1: Map social media needs and tendencies to the most appropriate social media vehicle. Learning Objective 2: Set up user profiles & security settings to maximize communications.

Laurel Egan Kenny, MS, MBA, is Founder and President of Turningpoint Communications, a marketing communications firm focused exclusively on promoting the thought leadership of our treasury management clients in marketing and sales communications, at strategic events, in the media and in their communities. Laurel is President of the Treasury Management Association of New England and is a frequent and sought after presenter on Treasury Management, Marketing, Social Media and other relevant topics at national and regional treasury management conferences. Laurel is a consultant to the AFP.

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Supply Chain Finance: A Strategic Lever for Leading Organizations Jared Poff, Big Lots, Vice President, TreasurerMatt Doorley, PrimeRevenue, VP, General Manager - AmericasToday’s competition is no longer only between companies themselves, but rather between companies and their global financial supply chains. As more organizations than ever are launching supply chain finance programs to reduce costs and risks and improve working capital efficiency, it has become imperative for leading organizations to adopt this strategic tool. This workshop provides orientation on this practice and on strategic ways financial professionals are using this solution to create tangible benefits for the entire value chain.

Jared Poff is Vice President, Treasurer for Big Lots, Inc., a Fortune 500 retail corporation. Poff oversees cash mgt, corporate debt & liquidity, capital mkts and capital structure, corporate investments, risk mgt & insurance, sales audit and control & administration of the company’s equity compensation programs, lease to purchase program, and vendor financing program.

Matt Doorley is the Vice President and General Manager of PrimeRevenue for the Americas Region. In this role, Matt is responsible for sales and global service delivery. His main focus is on overseeing the company’s commercial operations and insuring operational excellence through service efficiency and effectiveness.

Accounts Payable Automation: Explore the options now available to help deal with paperMel Steals, PNC, Director of Invoice Automation SolutionsThe session will define AP Automation and review the current trends impacting invoice processing. Time will also be spent discussing how AP Automation is linked to working capital management.

Mel Steals has served in a number of leadership capacities for PNC Financial Services Group over the last 15 years including his current role in PNC Treasury Management as Director of Invoice Automation Solutions. Invoice automation at PNC includes the conversion of paper invoices to electronic data and the integration with one of the world’s largest e-invoicing networks, OB10. Mel’s career also includes various treasury positions with large companies such as Atlantic Richfield Corporation and Campbell Soup. He received his MBA from Dartmouth’s Amos Tuck School of Business and his BS degree from the Wharton School of Business, University of Pennsylvania.

Seizing the SEPA Opportunity Todd Rizzieri, J.P. Morgan, International Treasury SpecialistHeather Schmidt, J.P. Morgan, International Treasury SpecialistThe Single Euro Payments Area (SEPA), which was to become mandatory on February 1, 2014, is much more than a European operational compliance challenge, and should be seen as a strategic opportunity for corporations to restructure their European cash and liquidity management functions so that they can be run far more efficiently, and significantly reduce costs and risks. The fundamental change that SEPA brings from an operational perspective is the standardization of all euro Automated Clearing House (ACH) payments in the SEPA zone.

Todd Rizzieri is an Executive Director and International Treasury Specialist at JPMorgan Chase based in Charlotte, NC. Todd’s primary responsibilities include assisting Southeastern based US companies strategize and design global banking and liquidity structures around the world. As part of his role, he serves as an international cash management subject matter expert for global treasury and is responsible for maintaining and communicating the latest knowledge on regulatory changes, trends, and best practices.

Heather Schmidt is an International Product Specialist with J.P. Morgan’s Treasury Services Department specializing in the origination and structuring of country specific and cross-border treasury management solutions.   She has been with J.P. Morgan for 13 years. 

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Trends in Merchant Card Processing Barb Spence, Vantiv, Director, Merchant Relations Brendan Crockett, Vantiv, Affiliate RM ManagerRepresentatives from Vantiv will provide updates on recent trends with merchant processing. Topics will include Data Security, EMV, trends in mobile payments and the impact of the omni-consumer.

Barb Spence serves as Vice President, Director of Merchant Relations for Vantiv and has been with the company since 1998. At Vantiv, Barb leads the Middle Market and Regional Relationship Management teams providing proactive support for many of Vantiv’s largest customers.

Brendan Crockett serves as an Affiliate RM Manager for Vantiv and has been with the company since 2003.  At Vantiv, Brendan leads a team of Regional Relationship Managers that maintain the day to day operations of electronic payments acceptance of credit, debit, gift card and prepaid solutions.  His previous roles within the organization include Merchant Relationship Management in addition to Project Management and Conversions Support. 

Do you have FATCA and other compliance and governance under control? John Ernest, CPA, PricewaterhouseCoopers LLP, DirectorArthur Scherbel, CPA, PricewaterhouseCoopers LLP, DirectorThis presentation will discuss building an effective and sustainable controls framework including the role of the responsible officer and key action items that all companies should think about. A variety of accounting and risk hot topics will be reviewed including Hedge and FX Accounting and the Foreign Account Tax Compliance Act (FATCA)

John Ernest is a Director in the Global Information Reporting Group and has assisted taxpayers with numerous domestic and foreign information reporting issues. John has served as a tax subject matter specialist and project lead on various projects to determine the impact of FATCA for clients and is a frequent presenter on domestic and foreign information reporting issues.

Arthur Scherbel has spent more than 14 years working with clients on tax matters in the financial services and retail industry. Before locating to Columbus, Ohio, Arthur spent ten years in New York and two years in Zurich, Switzerland auditing tax provisions and consulting for financial service companies. Arthur has experience reviewing tax provision accruals and disclosures included in US GAAP, IFRS and statutory financial statements; and documentation, review and testing of internal controls surrounding global tax departments in conjunction with the requirements of SOX 404. He is a certified public accountant in the states of New York and Ohio.

Are Your Bank Relationships on Autopilot? James Brunnquell, Phoenix-Hecht, Senior Vice PresidentThis session is based on Phoenix-Hecht pricing studies and market research, as well as the all new Blue Book Compensation Review™ for corporates. This session will discuss benchmarking quality and price, so your treasury department moves from autopilot to actively monitoring your bank relationships. Participants will come away with actions steps they can take to insure that their organization can experience competitively priced services, high operational quality, and excellent customer service from their bank partners.

James G. Brunnquell, CTP is Senior Vice President and senior relationship manager at Phoenix-Hecht, handling the firm’s relationships with U.S. national and regional banks. Phoenix-Hecht is an industry leader in corporate treasury management information services, located in Research Triangle Park, NC, and is best known for its database products such as the Postal Survey™, Clearing Study™, The Blue Book of Bank Prices®, the Blue Book Compensation Review™, Treasury Management Monitor™ and Quality Index™.

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