Payments Risk & Compliance School of Study

Sunday, July 21

Examining Risk from the Business Perspective

Payments Risk & Compliance School of Study
4:00 pm-5:30 pm | Lullwater III-V

Businesses face varying levels of financial risk on a daily basis. In this course, four broad risk categories of Market Risk, Credit Risk, Liquidity Risk and Operational Risk will be explored from the perspective of businesses. There will be an emphasis on Liquidity Risk and Operational Risk touching on fraud risks, financial institution relationship management, vendor risks, internal procedural risks and funding risks.

Ruth A. Harpool, AAP, APRP, CTP
Managing Director, Treasury Operations, Indiana University

Monday, July 22

ENTERPRISE RISK MANAGEMENT

Payments Risk & Compliance School of Study | APRP Prep School of Study
10:00 AM-11:30 AM | Lullwater III-V

The ability to understand, control and articulate risk levels in pursuit of business strategies and accountability for risks taken resonates with stakeholders when it comes to expressing confidence in an organization. This introductory level course exposes students to the basics of enterprise risk management (ERM) from a financial institution perspective. ERM topics covered include identifying, reporting and controlling risks, and the progress being made in the financial world when it comes to ERM.

Elizabeth A. Cronenweth, AAP, CTP
SVP, ACH Segment Manger, Huntington National Bank

Stephen Wojciechowicz, AAP,CTP
Director, Head of Product Governance and Risk, Americas, Deutsche Bank Trust Company Americas

PUTTING FFIEC GUIDANCE INTO PRACTICE

Payments Risk & Compliance School of Study | APRP Prep School of Study
12:45 PM-2:45 PM | Lullwater III-V

In addition to ensuring compliance with the various FFIEC guidance, including the most recent Cybersecurity Assessment, financial institutions are required to conduct IT/IS audits, ACH risk assessments, GLBA audits, in addition to other obligations. Instructors in this course will help students understand the purpose and scope of the guidance and required assessments, and help you determine if there are efficiencies to be gained rather than repeat testing.

Jessica Perkins, AAP
Third Party Risk Manager, Central Payments Division, Central Bank of Kansas City

COMPLIANCE LINES OF DEFENSE

Payments Risk & Compliance School of Study | APRP Prep School of Study
3:15 PM-4:45 PM | Lullwater III-V

Internal monitoring and compliance testing represent two lines of defense for financial institutions and Originators. Students in this course learn how to effectively manage these lines and comply with ever-changing compliance requirements while gaining a deeper understanding of what exactly it is compliance departments are responsible for handling.

Elizabeth A. Cronenweth, AAP, CTP
SVP, ACH Segment Manager, Huntington National Bank

THE INS AND OUTS OF EXCEPTION PROCESSING

AAP Prep School of Study | Payments Risk & Compliance School of Study
3:15 PM-4:45 PM | Emory Amphitheater

This course helps students understand and address key exception situations for ACH, checks, wire and card transactions faced by financial institutions and their customers. Students discover what constitutes an exception and explore possible causes of and resolutions to common issues.

Michele Barlow, AAP, NCP
Vice President, WACHA - The Premier Payments Resource

Tuesday, July 23

TOPICS IN REGULATION: REGULATION E

AAP Prep School of Study | Payments Risk & Compliance School of Study
9:45 AM-11:00 AM | Emory Amphitheater

Faculty provide a look into The Electronic Funds Transfer Act and Regulation E. Students learn the purpose of the regulation, requirements related to ACH, ATMs and disclosures, as well as review the Regulation, the official Staff Commentary and the Act itself.

Michele Barlow, AAP, NCP
Vice President, WACHA - The Premier Payments Resource

VIRTUAL CURRENCY INVESTIGATIONS: FEAR NOT THE BLOCKCHAINS

Payments Risk & Compliance School of Study
1:30 PM-3:00 PM | Oak Amphitheater

Cryptocurrencies such as Bitcoin have become an alternative and decentralized payment rail for sophisticated organized crime groups to facilitate criminal activity including international money laundering.  As financial institutions and their customers become increasingly involved in this payment system, it’s critical that they understand the underlying technology and how to investigate it so that they can remain compliant with international AML regulations. Students come away with a solid working knowledge of what blockchain technology is, how it's leveraged in criminal activity such as money laundering, and how to successfully investigate it for compliance and criminal investigation purposes.

Eric James Huber
Vice President of International and Strategic Initiatives, National White Collar Crime Center

BUSINESS CONTINUITY PLANNING: ARE YOU PREPARED?

Payments Risk & Compliance School of Study | APRP Prep School of Study
1:30 PM-3:00 PM | Lullwater III-V

Over the last several years the U.S. has seen hurricanes, flooding and blizzards that have all changed the payments landscape in the way financial institutions, corporations and government entities react to crises. What processes and contingencies have been implemented in the years since these events? Learn what you should and must do to ensure that you are not the weakest link. With your organization’s reputation and business vitality at risk, having a plan in place is critical to your organization properly reacting to natural disasters and other emergencies.

Nell Campbell-Drake, AAP
Vice President, Federal Reserve Bank of Atlanta

TOPICS IN REGULATION: UCC 4A

AAP Prep School of Study | Payments Risk & Compliance School of Study
1:30 PM-3:00 PM | Emory Amphitheater

Article 4A of the Uniform Commercial Code requires compliance from financial institutions and corporations, and their business models could be challenged by noncompliance with the obligations defined under the Code. Students gain an overview of the Article, an understanding of how the UCC relates to the Nacha Operating Rules, and the significance to financial institutions and their corporate clients.

Paul A. Carrubba
Of Counsel, Adams & Reese LLP

TOPICS IN REGULATION: THE GREEN BOOK

Payments Risk & Compliance School of Study | AAP Prep School of Study
3:15 PM-4:30 PM | Emory Amphitheater

Government payment rules differ from the Nacha Operating Rules in ways that could affect a financial institution’s liability. This course helps students learn how to limit their institution’s liability by providing broad insight into such differences. Topics include the federal government’s mandate of Direct Deposit via ACH for all benefit payments; how federal rules differ from the Nacha Operating Rules; how to enroll an account holder to receive government payments; and how to handle government reclamations and reports of nonreceipt items. The instructors also review the handling of government returns, DNEs and NOCs, and possible liability for government payments posted in error.

Sandy Ortins, AAP, APRP, NCP
Vice President, Education, NEACH

Wednesday, July 24

UNDERSTANDING THIRD PARTY RELATIONSHIPS

Payments Risk & Compliance School of Study | APRP Prep School of Study
10:00 AM-11:30 AM | Lullwater III-V

What are third parties? Updates to the Nacha Operating Rules revised the definition and clarified the roles of Third-Party Senders. However, uncertainty may still exist around payment intermediaries and their various roles in the ACH Network. Faculty take students on a deep dive into what classifies a Third-Party Sender as such, including guiding them through different payment scenarios outlining who third parties are, what role they play, the risks that need to be considered, and when the definition applies to these ACH participants.

Jessica Perkins, AAP
Third Party Risk Manager, Central Payments Division, Central Bank of Kansas City

NEW! STRATEGIES FOR SELECTING & ONBOARDING THIRD PARTIES

Payments Risk & Compliance School of Study | APRP Prep School of Study
12:15 PM-1:45 PM | Oak Amphitheater

Third party providers offer organizations many options to assist with day-to-day operations. Selecting to use a third party and determining which of an organization's processes could be assumed by a vendor are considerations that must be taken into account. This course examines the steps to be taken to select a third party how to ensure the partnership works for everyone. Students leave this course with a detailed checklist of items to consider when vetting a third party. Following this course students are encouraged to attend "Onboarding for Everyone!" to examine the process for other vendors and clients.

Jessica Perkins, AAP
Third Party Risk Manager, Central Payments Division, Central Bank of Kansas City

NEW! ONBOARDING FOR EVERYONE!

Payments Risk & Compliance School of Study | APRP Prep School of Study
2:00 PM-3:15 PM | Lullwater III-V

In 'Strategies for Selecting & Onboarding Third Parties' students learned how to select third parties, this course examines the steps that must be considered when selecting other business partners and clients. In today's climate, where KYC goes beyond knowing only your customer to KYCC (knowing your customer's customer), understanding the due diligence process required is critical. Increased scrutiny and evolving threats demand constant reevaluation of onboarding business partners. Students come away from this class with ways to help make informed decisions to benefit their organization.

Jessica Perkins, AAP
Third Party Risk Manager, Central Payments Division, Central Bank of Kansas City

AUDIT & RISK ASSESSMENTS 101

AAP Prep School of Study | Payments Risk & Compliance School of Study
2:00 PM-3:15 PM | Emory Amphitheater

This course examines the requirements of the annual ACH audit, including both the operational and risk assessment guidelines. It also provides students with necessary information and insights to effectively perform both the ACH and risk assessment audits and to monitor compliance with the Nacha Operating Rules and other regulations. Gain an understanding of the functions that need to be audited, explore where noncompliance may represent increased risk, and assess potential liabilities.

Mary M. Gilmeister, AAP, NCP
President, WACHA - The Premier Payments Resource