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Conducting a Risk Assessment That Meets ACH Operating Rules and Guidelines
Webinar
11 AM CT
Presenter(s): Margaret Simmons
Duration: 1 hour
Pricing:
$299 - Live, Download or CD
$249 - (for Affiliation Members)
$349 - Live + Download or Live + CD
To be in compliance with ACH Operating Rules and Guidelines, all financial institutions are required to conduct an ACH risk assessment and implement risk management practices based on the results. Other than comply with your regulator’s requirements, unfortunately the rules don’t provide much more direction. This session will fill in the gaps and help you start taking the necessary steps to accomplish these objectives and meet the expectations of your regulators and examiners. You’ll also receive risk assessment checklists and resources to help you through the process.
Join this webinar for guidance on:
- Determining the risk level of your ACH activity
- Establishing strong internal controls
- Instituting sound credit-risk management practices
- Managing third-party (vendor) risk
- Raising your board of directors risk management awareness
And once you start this process in your institution, you’ll find that performing an ACH risk assessment benefits everyone overall. It opens communication channels bank-wide and contributes towards further clarifying the responsibilities of each functional area.
BIO: Margaret Simmons
Margaret L. “Marge” Simmons is President of Electronic Payments Advisory Services. Marge’s thirty plus years of experience in the area of electronic payments includes product management of ACH software at Brinkman Technologies in Carrollton, Texas, President of The Payments Authority - Michigan’s regional electronic payments association, and 12 years in Treasury Management at Comerica Bank in Detroit, Michigan.
Throughout her career Marge has been directly involved with the electronic payments industry through participation in national councils, committees and work groups. She has been an instructor at NACHA’s Payments Institute and is a nationally recognized speaker on topics related to all facets of the electronic payments industry. Current consulting activities include conducting ACH audits, training, audio conferences and webinars, and providing ACH expert witness services.
Marge is the author of Automated Clearing House Transactions: Operations, Compliance and Audit, the ACH Training Manual and the Bank Teller’s Report newsletter.
Permanent professional designations include Accredited ACH Professional (AAP) and Certified Cash Manager (CCM).
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