Office of Treasury Operations: Financial Operations

Financial Operations > Controller > Treasury Operations

Office of Treasury Operations

Richard Emrich, CTP Assistant Treasurer	619 Clark Street, Room 110 Evanston, IL 60208 Phone: (847) 467-0422 Email: r-emrich@northwestern.edu

OUR MISSION:
* to be a leader among peers in providing the best treasury, banking and customer service to University
entities;
* to manage and protect University liquidity with the highest level of efficiency and innovation;
* to maintain sufficient liquidity to meet the University’s needs seen and unforeseen;
* to minimize costs and generate revenue in every way possible;
* to create dynamic and successful banking partnerships so that we can be the University’s “banker”;
* to implement the most up-to-date internal & external controls to prevent fraud against the University;
* to provide visible and transparent operating results and budget variance;
* to deliver analysis and management reporting which offer insight to support management decision-making.

Treasury Operations reports to the University Controller and is responsible for Northwestern University’s Treasury, Bursar/Cashiering (now called Depository Services) activities and e-Commerce solutions.

Treasury activity centers on i) financial efficiency, control and safekeeping of the University’s most liquid assets; ii) relationships with key banking partners, management of bank account structure, account activity, services and fees; iii) daily cash management across approximately 35 University bank accounts; iv) operational management of $300M taxable commercial paper program and $300M in bank credit; v) cash and liquidity forecasting; vi) rating agency and covenant reporting; vii) speed and efficiency of receivables and payables.

e-Commerce Operations acts as technical administrator for merchant card (credit card receipting) locations and Certain Event Registration users. This department is also charged with ensuring the University as a whole is compliant with PCI-DSS (Payment Card Industry – Data Security Standards). e-Commerce Operations is charged with moving the University toward electronic payments and receipts.

Depository Services (DS) has general oversight of departmental bank deposits, cash receipt ticket creation and merchant card use in more than 100 campus locations. The department assists accounting services with reconciliation of all merchant card and CRT activity with active communication with department staff and periodic training sessions.

Preferred Banking Relationships:

Cash Management, JP Morgan Chase, N.A.
Faculty Housing, First Bank & Trust Evanston, FNCU, Harris

Questions? Feedback?

One of our goals as a department is to provide high-quality, cost-efficient, business solutions to your business needs. Please let us know what we have done well, and where we can improve. Any feedback is welcome.

Also, this web page is designed to be useful, one-stop, and self-service- oriented. What was your experience?

Send comments to: treasury_operations@northwestern.edu.