The board and senior management are responsible for ensuring the institution's internal controls operate effectively. One important element of an effective internal control system is oversight of ACH risk management. That said, lack of board oversight is the number one ACH and RDC risk assessment finding. This session will help the board understand the risks associated with ACH and RDC origination and what regulators look for regarding board involvement. Learn about the reports you should be seeing and how to ensure the board is taking appropriate action to address gaps. In addition, this session will address new risks for same-day ACH and cyber security.
Recorded Tuesday, July 12, 2016
This course is eligible for 1.8 AAP credits.
Continuing Education: Attendance verification for CE credits upon request
- Risks associated with same-day ACH
- Level of cyber security knowledge
- Sample board reports
- Sample risk assessment and ratings
- Level of knowledge for remote deposit capture (RDC) and mobile RDC
- TAKE-AWAY TOOLKIT
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed for directors, presidents, senior staff, and compliance personnel.
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