Risk Management Master’s Program

Sunday, July 26

Understanding the Payments Risk Environment

12:45 PM–2:15 PM

Before students dive deeper in this master’s program, this level-setting course introduces students to foundational risk management principles in the payments industry. The instructor discusses risk management across ACH, check, wire transfer, real time, and card payment channels, as well as disaster recovery and contingency planning. Students learn core components of enterprise risk, such as risk management life cycles, key terms and risk mitigation business drivers.

How to Escalate a Risk Event

3:00 PM–4:15 PM

Presenting ideas to your board can be a daunting task, often times one that may seem intimidating even to the most experienced professionals. Even more stressful is when you have to present on urgent issues such as the results of a cyberattack or other risk event. However, keeping executive staff informed is crucial to maintaining the soundness and reputation of your organization. The instructor in this course offers hypothetical examples of risk events and how to escalate them within an organization, and tips on ways to prepare for these situations.

Master’s Class Meetup

4:30 PM–5:45 PM

This networking and education opportunity allows students to mingle and to discuss situations they have encountered, vendors they have used, and rules they may not fully understand (or think should be changed). Students are encouraged to send in suggested topics in advance of TPI. Both Payments Risk Management Master’s and Master’s Program students will participate in this interactive setting.

Monday, July 27

New! Current Events in Payments Panel

8:30 AM–9:45 AM
Lecture Hall

This lecture hall features a panel providing insight into the most recent news in payments. Using suggestions from the audience, crowd sourcing and current events this session will explore the payments landscape and what might be on the horizon. This faculty panel represents all touchpoints in payments including innovators, regulators, end-users, financial institutions and processors will ensure a full view of the issues is presented.

New! Downstream Risk - Operational Risk

10:00 AM–11:30 AM

This master’s course focuses on risk as experienced through real-life case studies. These are not hypotheticals. Instructors and students engage in deep discussions that address risk related to multiple files, prepaid, the allocation of liability and more.>

Faster Payments Risk Strategies

12:30 PM–2:00 PM

The faster payments movement in the U.S. shows no signs of stopping. All payments participants will be impacted in some manner by a new product, payment system or process. As payments move faster, it is critical to identify processes to use these mechanisms while ensuring steps are taken to recognize risk. Building a strategy for identifying and mitigating faster payments risk goes beyond understanding the “hows” and the “whys.” It must also include the “why nots” and the “what ifs.” Instructors in this course explore faster payments offerings available in the marketplace, while examining the need to develop procedures to recognize and mitigate risk in the faster payments environment.

New! Combatting BSA/AML & OFAC Risk

3:45 PM–5:15 PM

In many financial institutions, payment risk management and BSA/AML compliance responsibilities are located in different departments despite the fact that some of these responsibilities, such as KYC and reporting fraudulent transactions, are often very similar. Recent actions taken by the OCC and the FDIC highlight why financial institutions should integrate payment risk management and BSA/AML and OFAC compliance functions. Attendees will learn how FIs can best coordinate these activities to reduce the risk of litigation and financial penalties.

Tuesday, July 28

New! Nacha: The Strategic Direction & Future Vision

8:30 AM–9:45 AM
Lecture Hall

For more than 45 years, the ACH Network, with Nacha as its steward, has served as the backbone of electronic payments and of the payments industry. Through education, advocacy and collaboration, Nacha and its members have worked together to propel payments forward and to ensure the Network grows and adapts to the changing environment. Working with financial institutions, end users, processors, innovators and regulators allows Nacha to serve as the voice of the industry. In this course, Jane Larimer, Nacha's President and CEO, shares her vision for Nacha and how, along with the ACH Network, it will remain as vital to the payments world as it has always been.

The Payments Court: Risk & Cybercrime

10:00 AM–11:00 AM

In the payments system, regulations are created to protect the innocent. In this course, the dedicated students who listen to these cases become the judge and jury as they preside over payments-related legal rulings. After being provided the casework, teams are divided into plaintiffs, defendants and jurors as they strategize to determine the facts of each case. Several preeminent payments attorneys assist in this engaging, interactive course. These are their stories.

Advanced Enterprise Risk Management

11:15 AM–12:15 PM

The ability to understand, control and articulate risk levels in pursuit of business strategies, as well as assuming accountability for risks taken, resonates with stakeholders when it comes to expressing confidence in an organization. This advanced course explores the functionality of enterprise risk management (ERM). Topics covered include identifying, reporting and controlling risks, and the progress being made in the financial world when it comes to ERM.

New! Maintaining Harmonious Policies & Procedures

1:30 PM–3:00 PM

Policies and procedures are key components of a risk strategy. However, your policies cannot be effective unless your procedures support them. Additionally, you can’t write appropriate policies without understanding your risk appetite. Instructors in this course examine how concepts for policies and procedures go hand-in-hand, including some real-life examples from an auditor. Tips on how to make your policies and procedures more effective will also be shared.

New! Cybersecurity Assessment Tools for the Non-IT Professional

3:15 PM–4:30 PM

Students in this course will discuss how risk, compliance and operational staff – the non-IT professionals – can assist with the enhancement of their organization’s cybersecurity. The NIST Cybersecurity Framework and the FFIEC Cybersecurity Tool will be dissected to show how these groups can support these important initiatives. Topics explored in the framework and tool include phishing, key logger, and malware, and instructors will provide suggested strategies and mitigation measures. Instructors in this course help students fully understand how to discuss the tool with executive management and/or their board, what they need to know as non-IT professionals, how to assist with the implementation of the framework and how to use the tool to enhance cybersecurity at their organization.

Wednesday, July 29

How to Present Ideas to Your Board

8:30 AM–9:15 AM

Now that you are a payments expert, how do you work within your organization to introduce ideas and instill change? How can you use the information gained this week to more effectively manage risks and costs, improve business processes, and derive greater benefit? What is the most effective way to engage your board in these decisions? In this course, students gain insight on how to share what they have learned with decision-makers in your company and participate in mock board presentations.

New! The Changing Face of Fraud

9:30 AM–11:15 AM

Fraudsters and fraud schemes continue to pose threats to payments systems – both trusted and emerging platforms. Ensuring your organization is armed with information on recent threats and is equipped to identify the next wave of fraud are critical to protecting your organization and your customers from loss.

New! Understanding the Internet of Things & the 5G Movement

11:30 AM–12:30 PM

In a world driven by innovation and the need for speed and constant connectivity, consumers and companies are shaping the future of all types of goods. The Internet of Things and 5G capabilities are driving a new path of commerce and connectivity, but the issues of the security of the device and data continue to be impacted by the potential for fraud. This class examines the differences between the “Internet of Things” and the “Internet of Payments Things,” how they came about, the types of issues that could arise, and how conversational payments can harness this movement. Instructors provide a look at 5G and examine how the speed of payments may impact banking and commerce.

Payments Risk Management Systems & Controls

1:30 PM–3:00 PM

Risk management controls impact numerous systems and functions within any organization, regardless of the payment type. Vendor management, business continuity, identity authentication and capital adequacy are some examples of policies your organization may have in place. How should they work together to create a risk management profile? Students should come prepared to discuss the key elements of risk management systems and controls and review how their organization's overall risk strategy may be impacted.