Developing Comprehensive ACH Risk Assessments
Duration: 90 Minutes
This webinar breaks down the components of an effective ACH Risk Assessment for ODFI's and RDFI's and provides the participants with valuable resources to develop a Risk Assessment or measure their current program.
An ACH Risk Assessment is required for all financial institutions as per the NACHA ACH Operating Rules and by most Examiners. The Assessment helps an institution identify risks associated with their ACH operations and measure the effectiveness of Risk Management controls.
Objectives of the Presentation
ACH Risk Assessments are required by the NACHA ACH Operating Rules for all ODFI's and RDFI's.
Areas Covered
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Download AgendaObjectives of the Presentation
- Analyze components of an effective ACH Risk Assessment program
- Describe how to appropriately rate the risk of ACH activities
- Review suggested mitigation controls to reduce risk
- Define how to appropriately rate the risk of your activities
ACH Risk Assessments are required by the NACHA ACH Operating Rules for all ODFI's and RDFI's.
Areas Covered
- Analyze components of an effective ACH Risk Assessment program
- ACH Rules
- FFIEC
- Regulator Guidance
- Describe how to appropriately rate the risk of ACH activities
- Measuring risk
- Risk ratings process
- How peripheral compliance obligations affect the ACH Network and Risk Assessment
- Review suggested mitigation controls to reduce risk
- FFIEC
- Regulator Guidance
- Define how to appropriately rate the risk of your activities
- What to do with the Assessment findings
- Accredited ACH Professionals (AAPs)
- Operations Personnel
- Operations Managers
- Audit Managers
- Auditors
- Compliance Professionals
- Compliance Managers
- Senior Management