Payments Risk & Compliance School of Study Courses

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Sunday, July 16

Risk from the Originator's Perspective
1:45-3:45 p.m. | Intermediate | Oak Amphitheater
End User/Payments Risk & Compliance
 
It is imperative that all participants in the ACH payment cycle understand the risks inherent to their role. To clearly assess risk, Originators must understand their relationship with their ODFI and their clients, the Receivers. They must also consider any third-party relationships, the importance of controlling technology and underwriting, and the current fraud environment. Students learn how to assess risk, how to communicate with the ODFI, and why open lines of communications between parties are crucial to mitigate risk.

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


Cybercrime is Evolving. Are You?
4-5 p.m. | Intermediate | Oak Amphitheater
End User/Payments Risk & Compliance
 
Every year we hear more and more stories about cyberattacks. The threats are increasing and the attacks are more frequent.  Is your organization doing everything in its power to protect itself and its customers? Learn how to build up your defenses, making them as impenetrable as possible against cybercrime, and receive Federal Financial Institutions Examination Council (FFIEC) Cybersecurity Assessment guidance. Students work in groups to share insights and brainstorm on ways to mitigate cybercrime risks to better understand what their organizations can do differently.

Anne Witherspoon, AAP, CTP
Senior Vice President, Texas Capital Bank


Monday, July 17
 

Principles of Risk Management
10 a.m.-12 p.m. | Fundamental | Lullwater III-V
Payments Risk & Compliance

This course introduces students to foundational risk management principles in the payments industry. The instructor discusses risk management across ACH, check, wire transfer and card payment channels, as well as disaster recovery and contingency planning. Students will learn core components of enterprise risk, such as risk management life cycles, key terms and risk mitigation business drivers.

Jessica J. Washington, AAP
Payments Risk Expert, Federal Reserve Bank of Atlanta​​


Audit & Risk Assessment 101
3-4:30 p.m. | Intermediate | Emory Amphitheater
AAP Prep/Risk & Compliance
 
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
WACHA - The Premiere Payments Resource​


Best Practices for Vendor Management
3-4:30 p.m. | Intermediate | Oak Amphitheater
End User/Payments Risk & Compliance
 
There is inherent risk throughout the payments space, especially when working outside of your organization. This course dives into the current practices of vendor management, the risks associated with those relationships, current contracts and how the relationships between organizations and their vendors are evolving. Students understand how something as routine as a business agreement could really impact these relationships.

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


Tuesday, July 18

Payments Systems Regulations
10-11:30 a.m. | Intermediate | Emory Amphitheater
AAP Prep/Payments Risk & Compliance
 
This class introduces students to the so-called “alphabet soup” of laws and regulations that govern payments. The purpose and scope of applicable laws and regulations are explored, as well as how they are administered and enforced. The course also examines how they intersect with private-sector operating rules. Students leave this course with reference tools important for any subsequent courses.

Joe Casali, AAP, NCP
Senior Vice President, NEACH​


Compliance Lines of Defense
12:45-2:45 p.m. | Intermediate | Lullwater III-V
End User/Payments Risk & Compliance
 
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​​


Topics in Regulation: UCC4A
3-4:30 p.m. | Intermediate | Emory Amphitheater
AAP Prep/Risk & Compliance
 
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
Partner, Adams & Reece LLP​​​


Wednesday, July 19

Topics in Regulation: The Green Book
10-11:30 a.m. | Intermediate | Emory Amphitheater
AAP Prep/Risk & Compliance
 
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 non-receipt items. The instructors also review the handling of government returns, DNEs and NOCs, and possible liability for government payments posted in error.

Joe Casali, AAP, NCP
Senior Vice President, NEACH​​


NEW COURSE
Enterprise Risk Management
12:45-2:15 p.m. | Intermediate | Lullwater III-V
End User/Risk & Compliance
 
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 Manager, Huntington National Bank​​