Office of Treasury Operations

Primary Responsibilities

  • Custody, control, safekeeping, and performance of the University’s Treasury Pool assets;
  • Management of efficient, dynamic and successful banking relationships;
  • Management of efficient bank account and fee structures;
  • Liquidity management;
  • Short-term investment management;
  • Cash and liquidity forecasting and variance analysis;
  • Working capital program management;
  • Banking and depositing advisors to University departments;
  • eCommerce advocacy and program management:
    • Solutions that eliminate cash, checks and paper transactions in favor of electronic
      • Merchant card program management;
      • Data security awareness and PCI DSS compliance;
      • Department remote deposit administrators;
      • Prepaid / stored value cards administration;
      • Corporate travel card management;
  • Management and Rating Agency reporting.

 

Treasury Operations

Responsible for OFAC compliance; execution of domestic and FX wire payments; cash position reporting; daily interaction with banking partners; signature card and account service updates; updates to Treasury policy, procedures, and control matrices; ongoing adherence to controls; submission of EFT-related journal entries; Amex corporate card program management; and updates to monthly budget and liquidity schedules. See Treasury Operations

 

e-Commerce

This department is responsible for the technical administration for all merchant card (credit card acceptance) locations, and ensuring that all locations remain compliant with PCI-DSS (Payment Card Industry – Data Security Standards).   In addition, e-Commerce Operations administers and supports Certain Event Registration. an online event registrations tool used across the University.  The department is generally charged with finding innovative ways to move University constituents away from cash and check exchange, and toward electronic payments and receipts. See  e-Commerce for more information.  Important links:

ANNUAL REQUIREMENT FOR ALL STAFF ACCEPTING CREDIT CARDS:

Depository Services

Depository Services focuses on efficient and safe departmental bank deposits and accurate/timely cash receipt ticket creation by depositing staff.  Other services include bank deposit training; unidentified wire research, bank account transaction review and daily reconciliation efforts.  Depository services also administers remote deposit technology and prepaid card solutions to departments on both campuses and is generally charged with reducing University reliance on cash, checks and paper in favor of electronic solutions. See Depository Services.

 

Contact

Richard Emrich, CTP
Director, Treasury Operations
619 Clark Street, Room 109
Evanston, IL 60208
r-emrich@northwestern.edu
(847) 467-0422 (O)
(847) 491-4988 (F)