Details
ACH risk management has become a focus of regulators in recent years and attaining a compliant status goes well beyond adherence to the ACH Rules. Every participant in the network except consumers bear some responsibility, with Originating Depository Financial Institutions (ODFIs) and their Originators and Third-Parties bearing the brunt of the liability. The introduction of new ACH Rules, increasing fraud using the ACH Network, and a greater focus on consumer protections make risk management more difficult every day.
- Review ACH Rules related to risk management and fraud prevention
- Analyze other federal regulations, guidance and laws that impact ACH risk
- Increase an attendees ability to identify and manage ACH fraud
- Identify ACH audit and risk management essentials
Using real life case studies, attendees will put their knowledge to the test and determine appropriate courses of action during the workshop. Attendees, in small groups using different cases, will be given one piece of the issue at a time, much like real-life risk scenarios play out since we rarely have all the facts at the time we need to start making decisions. Each new fact will challenge participants to navigate potentially devastating scenarios.
Outline
- How to define areas of ACH risk, related rules, guidance and regulations.
- Recognize appropriate ACH risk management techniques for given situations.
- Translate new techniques into actionable practices.
- Analyze case studies to determine an appropriate course of action that minimizes risk.
- Assess the success of actions taken for each case study and isolate any actions that introduced new risk.
- Organize a list of three (3) action items to immediately review upon returning to work.
Who will Benefit:
Payments professionals working in the ACH Network will benefit from this course; these individuals could include operations, compliance, risk management and audit.
The course will prove most beneficial for financial institution staff, Third-party senders and third-party processors who offer ACH Origination services to other businesses, and Originators of ACH (i.e. businesses).
Speaker/s
CEO and Founder, RP Payments Risk Consulting Services, LLC
Rayleen is a recognized payments risk and fraud expert who works with financial institutions and businesses across the nation to help them understand today's threats and develop appropriate risk mitigation strategies. She also speaks to consumer groups revealing real-world methods to reduce the chances of devastating frauds, and law enforcement on payment system processing and evidence collection in electronic payment channels. Rayleen's areas of expertise include regulatory compliance, payment system risk management, cybercrimes, and information security.
Rayleen conveys current trends via conference presentations, blogs, and newsletter articles plus supports groups with special projects.
Prior to her leap to private consulting, Rayleen was the Director of Payments Risk & Fraud at EPCOR for 8 years. She joined EPCOR after a 10-year career as a fraud investigator in banking.
Rayleen graduated with honors from The University of Phoenix earning a Bachelor's of Science in Criminal Justice Administration and is an Accredited ACH Professional (AAP).
Rayleen enjoys gardening with the best helper in the world, her grandson. She also enjoys reading and music. She is an advocate and supporter of The Animal Rescue Alliance. Rayleen and her husband Mike currently have four adopted fur-kids of their own.
Anonymous feedback from 2014 360REACH:
“Rayleen exemplifies knowledge and integrity. Her outstanding presentation style conveys her strengths as well as inspires confidence.”
“Her organizational skills - over the years she has been involved in multiple projects/committees at any given time and I have not seen her ever appear unprepared. She is also quite successful in asking for others to become more active/involved in a manner that makes the person asked WANT to be involved.”
Special Offer
For Registration - http://www.complianceonline.com/ach-risk-management-seminar-training-80312SEM-prdsm?channel=speedycourse
Note: Use coupon code NB5SQH8N and get 10% off on registration.
Enhancing global compliance, creating a world where quality and compliance professionals, regulators, and government agencies come together to help the world comply with the intent and the spirit of laws, policies and mandates, ensuring continuous improvement in global operations, quality & safety.
Making sure that we are responsible corporate citizens helping our constituents build a more responsible enterprise, one which operates with high quality , under a code of ethics, and with process discipline to ensure greater shareholder returns.
Keeping things simple and straight forward , so that we all can indeed improve the quality of our processes, our work, our businesses and enhance compliance globally.
Being inclusive, giving the process experts ( & novices! ), compliance professionals, quality champions, and regulatory agencies a voice so that all of us can contribute and make a difference.
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