Overview:
Whether you're a Financial Institution, Third-Party Service Provider (TPSP), or Third-Party Sender (TPS) involved in processing ACH transactions, it's crucial to recognize that the ACH Payment System does carry risks. These risks include Operational, Credit, Compliance, Fraud, Return, and Reputational Risks.
This
webinar will offer comprehensive guidance on understanding the areas of ACH
Risk to which ODFIs and RDFIs are exposed during ACH transaction processing. It
also covers the updated requirements outlined in the Nacha Operating Rules,
effective September 2022, that mandates TPSPs and TPSs to conduct their own ACH
Risk Assessment.
Areas
Covered:
- ACH
Network basics, including how it works and the functionalities of Same Day ACH
(SDA)
- Nacha
Operating Rules that guide the ACH Risk Assessment process
- Steps
to develop an effective ACH Risk Management Program
- Types
of ACH Risk and strategies for mitigation
- Necessary
components for a successful ACH Risk Management Program
- Ongoing
monitoring and reporting practices for ACH Programs
- The NEW Nacha Rules amendment on ACH Risk Assessments for Third-Party Senders (TPS)
Why
Should You Attend?
Learn
the Nacha Operating Rules for conducting an ACH Risk Assessment and creating an
effective Risk Management Program. This webinar will help you understand the
critical components of a successful ACH Risk Management Program, the importance
of regular reporting to the Board, and the new requirements for Third-Party
Senders (TPS) as per the recent Nacha Rule Amendment.
Who
Should Attend:
- Financial
Institutions involved in ACH transaction processing
- Third-Party
Service Providers (TPSPs)
- Third-Party
Senders (TPS)
- Compliance
Officers
- Banking
Operations Managers and Staff
- Risk
Management Professionals
- Treasury
Management Professionals
- Board Members overseeing ACH activities
- Audit and Compliance Personnel / Risk Managers
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. She is an enthusiastic and energetic Certified Master Trainer with over 14 years’ experience. She has designed and facilitated over 150 training sessions each year with her expertise being the rules for companies and financial institutions when processing electronic (specifically ACH) payments, then scheduling the events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Ms. Olheiser is also an experienced project manager managing education programs for organizations processing electronic payments and developing personalized training programs for financial institutions.
She has over 23 years of experience in the financial services industry which includes 9 years’ experience as the education service director at a Regional Payments Association (RPA), where she managed and facilitated the entire education program for nearly 800 financial institution members. Prior to that, Ms. Olheiser spent 14 years in various departments with the Federal Reserve Bank of Minneapolis and also holds the Accredited ACH Professional (AAP) designation (achieved in 2004).
Her extensive knowledge, enthusiasm and passion for transferring payment processing knowledge using the adult learning theory is remarkable and has helped many payment professionals perform daily operational tasks including exception processing while remaining compliant with the NACHA Operating Rules. She uses scenarios and examples to bring the learning home, easy to comprehend and apply to real-life day-to-day ACH processing. Ms. Olheiser’s ability to engage the learner through the entire training event helps the adult learner apply what they’ve learned during and after each training session.
Enrollment Options
Tags: "ACH", "Risk Management", "Nacha", "Financial Institution", "Third-Party Service", "Compliance", "Operational Risk", "Credit Risk", "Fraud Risk", Donna, Olheiser, September 2023, Webinar