Risk Management Series:
ACH Risk Management & Assessment: Risks, Controls & Ratings
Wednesday, December 13, 2017
10:00 am – 11:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
Risk assessments are a valuable and necessary tool to identify the risks associated with your ACH program and outline the mitigating factors that reduce this risk. An ACH risk assessment is also required under the NACHA Operating Rules. Have you completed one or updated yours recently? During this session, types of risk factors, mitigating controls, and how to appropriately assign risk ratings will be covered from both an RDFI and an ODFI perspective. Participants will get valuable recommendations and insights from a compliance professional who has worked with numerous financial institutions and understands the challenges they face.
This course is eligible for 1.8 AAP credits.
Continuing Education: Attendance verification for CE credits upon request
- Frequency of the ACH risk assessment process according to the NACHA Operating Rules
- Various types of FFIEC-identified risk associated with ACH processing
- Controls and mitigation techniques to reduce ACH risks
- Compare your practices – findings from the field of ACH risk assessments
- Sound practices for ongoing risk management programs, depending on your risk ratings and tolerances
- TAKE-AWAY TOOLKIT
- Sample risk-rating guide for ACH risk assessments
- Sample ACH risk assessment report template
- Sample ACH policy
- 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 risk and compliance officers, ACH operations personnel, and anyone responsible for conducting or preparing for the ACH risk assessment.
PLEASE NOTE: Program content is subject to copyright and intended for your individual financial institution’s use only.