ACH Risk Assessments for RDFIs & ODFIs

Audit & Accounting Compliance Frontline & New Accounts Information Technology Operations

On-Demand Webinar

StreamedMar 20, 2023Duration60 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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It’s likely that ACH transactions account for the lion’s share of your institution’s daily business.

With such ubiquity comes numerous opportunities for a variety of risks to creep in. When was the last time you did an ACH risk assessment? Do you know the specifics? Attend this webinar to learn the details.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Distinguish the different risks your financial institution may encounter as an RDFI and ODFI
Explain the role of controls in mitigating risk exposure in your ACH operations
Understand the methodologies and importance behind assigning risk ratings
Explain the difference between inherent and residual risks
Differentiate the different controls that may be implemented to mitigate inherent risk

This course is eligible for 1.2 AAP/APRP credits.

WEBINAR DETAILS

ACH transaction volume continues to climb each year as more and more consumers and organizations realize the benefits of electronic funds transfers. With the increase in ACH transactions, it is more important now than ever that your financial institution has a clear understanding of the risks involved with receiving incoming ACH transactions, as well as the risk involved in maintaining a sound, safe, and profitable origination program. This program will explore various types of risk, including operational risk, credit risk, compliance risk, and many more. Don’t miss this discussion on Nacha’s A New Risk Management Framework for the Era of Credit-Push Fraud and recommended considerations and controls RDFIs can implement to help fight fraud.

WHO SHOULD ATTEND?

This webinar will benefit operations staff, including operations managers, risk managers, compliance staff, and treasury management support and operations staff.

TAKE-AWAY TOOLKIT

Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.