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San Diego

San Diego, CA

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Description

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.

This course will:

  • 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.

Seminar Fee Includes:
Lunch
AM-PM Tea/Coffee
Seminar Material
USB with seminar presentation
Hard copy of presentation
Attendance Certificate
$100 Gift Cert for next seminar

Learning Objectives:

  • 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.

Areas Covered in the Seminar:

  • ACH risk
  • New ACH Rules that represent unique / new risk
  • ACH Rules related to risk management and fraud prevention
  • Federal rules, guidance, and laws related to ACH risk management
  • ACH Risk Assessment essentials
  • ACH Audit essentials
  • ACH fraud identification and response techniques
  • Ongoing education
  • Using automated solutions to maximize risk management efforts
  • Unique individual and group exercises that help apply new knowledge

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).

Field of Study:

  • Auditing: 7.2 CPE Credits
  • Management Advisory Services: 9.3 CPE Credits
  • Total CPE credits earned in this workshop: 16.5 CPE Credits

Program Delivery Method: Group-Live
Program Level: Intermediate
Advance Preparation/Program Prerequisites: Basic understand of the ACH Network including transaction flow and risk.


Day 01(8:00 AM - 4:30 PM)
  • 08.00 AM - 08.30 AM: Registration
  • 8:30 – 9:00 AM: Introduction, establishes course objectives, and defines ACH Risk (30 min)
    • Categories of risk
    • Unique challenges of fraud and reputational risk
  • 9:00 – 10:45 AM: Risk Management compliance (1.5 hours with 15 min break)
    • In the ACH Rules
      • Section 1.6
      • New Rules: Thresholds and limits Rules September
      • ODFI warranties and liabilities
      • Originator obligations and risk management
      • RDFI risk
    • Office of the Comptroller of Currency (OCC) 2006-13 and 2008-12
    • Federal Financial Institutions Examination Council (FFIEC)
  • 10:45 – 11:45 AM: Regulations, Guidance, and the ACH Rules (2 hours total)
  • 11:45 – 12:45 PM: lunch
  • 12:45 – 1:45 PM: Regulations, Guidance and the ACH Rules continued
    • Regulation E vs. the ACH Rules
    • Federal Trade Commission (FTC)
    • Consumer Financial Protection Bureau (CFPB)
    • OFAC Obligations
    • BSA/AML Impacts
      • When legal definition of actual knowledge is met
      • Suspicious Activity Reports
    • Regulation GG FFIEC
    • Regulator expectations
      • Group discussion on unique perspectives of regulatory expectations, recent exams, etc.
  • 1:45 – 2:00 PM: Break
  • 2:00 – 4:00 PM: Investigating and Responding to ACH Fraud (2 hours)
    • Tax Refund Fraud
    • Kiting
    • Senior Exploitation
    • Account Takeover
    • Prepaid cards and other platforms that merge with ACH
    • Money Mules
  • 4:00 – 4:30 PM: Individual Exercise, final Q&A, and wrap up
    • Each attendee isolates 3-5 key things learned today that impact what they do or how they currently evaluate risk
Day 02(8:30 AM - 4:30 PM)
  • 8:30 – 9:00 AM: Recap course so far and set day 2 objectives
  • 9:00 - 11:45 AM: Risk Assessments and Audit Essentials (2.5 hours plus 15 min break)
    • Steps to developing the assessment
    • The risk assessment process
    • The guidance
    • The Do’s and Don’ts
    • Auditing essentials – testing the assessment
    • Attendees will perform a mini-risk assessment using risk matrix (supplied for attendees)
      • Could be a group or individual exercise
  • 11:45 – 12:45 PM: Lunch
  • 12:45 – 1:15 PM: A few more thoughts and helpful hints
    • Automating risk monitoring
      • Tips on what to look for and how to use automated tools
    • Resources:
      • How to get help with assessments and audits
      • Review resources list (created by facilitator for attendees)
    • Ongoing education
      • Group activity
      • Share education tips, techniques, and resources for originators, consumer account holders and internal staff
    • Assess 3 areas of improvement needed at your organization
      • Individual exercise
  • 1:15 – 4:00 PM: Workshops (plus one 15 min break)
    • Larger group broken down into smaller case study workgroups (4 unique studies will be available)
    • Participants will be given a set of facts to investigate. New facts will be presented at regular intervals challenging participants to apply their knowledge learned from the class and determine the appropriate course of action in much the same way we must do in real-life; one fact at a time.
    • Participants will conclude by listing unintended consequences of any actions taken, i.e. new risks presented due to the decisions made and assess their success in navigating a potentially devastating real-life scenario.
  • 4:00 – 4:30 PM: Group share and course wrap-up


Rayleen M. Pirnie

Rayleen M. Pirnie, AAP
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.”


Please contact the event manager Marilyn below for the following:
- Discounts for registering 5 or more participants.
- If you company requires a price quotation.
Event Manager Contact: marilyn.b.turner(at)nyeventslist.com
You can also contact us if you require a visa invitation letter, after ticket purchase.
We can also provide a certificate of completion for this event if required.

NO REFUNDS ALLOWED ON REGISTRATIONS
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