Payments Risk & Compliance School of Study Courses

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Sunday, July 22


Risk from the Originator's Perspective
Payments Risk & Compliance School of Study
1:45 PM-3:45 PM

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.

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


Monday, July 23

Audit & Risk Assesments 101
Payments Risk & Compliance School of Study, AAP Prep School of Study
10:00 AM-11:00 AM

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.

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


Payment Systems Regulations
AAP Prep School of Study, Payments Risk & Compliance School of Study
10:15 AM-11:30 AM

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.

Faculty: Richard M. Fraher, VP & Counsel to the RPO, Federal Reserve Bank of Atlanta


Topics in Regulation: Regulation E
AAP Prep School of Study, Payments Risk & Compliance School of Study
1:30 PM-2:30 PM

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.

Faculty: Duncan Douglass, Partner, Alston & Bird LLP
              Cindy J. Thompson, AAP, CTP, Professional Services Manager, The Clearing House Payments Authority


Tuesday, July 24

The Ins and Outs of Exception Processing
AAP Prep School of Study, Payments Risk & Compliance School of Study
11:30 AM-12:30 PM

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.

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


NEW! Topics in Regulation: Regulations J & CC Update
APRP Prep Specialization, Payments Risk & Compliance School of Study
11:30 AM-12:30 PM

Amendments to Reg CC to facilitate the ongoing transition from paper to electronic check collection and return became effective July 1, 2018. Meanwhile, Reg J and Federal Reserve Bank Operating Circular No. 3 will be amended to conform to the Reg CC amendment. This course provides students with an overview of the changes, the role of ECCHO, as well as the practical impact on depository institutions, payment processors and vendors.

Faculty: Richard M. Fraher, VP & Counsel to the RPO, Federal Reserve Bank of Atlanta


Putting FFIEC Guidance into Practice
Payments Risk & Compliance School of Study, APRP Prep Specialization
1:45 PM-2:45 PM

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.

Faculty: Tony DaSilva, AAP, Senior Technical Expert, Federal Reserve Bank of Atlanta
               Cindy J. Thompson, AAP, CTP, Professional Services Manager, The Clearing House Payments Authority


Compliance Lines of Defense
Payments Risk & Compliance School of Study, APRP Prep Specialization
3:00 PM-4:00 PM

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.

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


Topics in Regulation: UCC 4A
AAP Prep School of Study, Payments Risk & Compliance School of Study
3:00 PM-4:00 PM

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.

Faculty: Paul A. Carrubba, Partner, Adams & Reese, LLP


NEW! Understanding Third Party Relationships
Payments Risk & Compliance School of Study, APRP Prep Specialization
3:00 PM-4:00 PM

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.

Faculty: Cindy J. Thompson, AAP, CTP, Professional Services Manager, The Clearing House Payments Authority


Wednesday, July 25

Topics in Regulation: The Green Book
AAP Prep School of Study, Payments Risk & Compliance School of Study
10:15 AM-11:30 AM

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.

Faculty: Joseph Casali, AAP, NCP, Senior Vice President, NEACH


Business Continuity Planning: Are You Prepared?
Payments Risk & Compliance School of Study, APRP Prep Specialization
12:30 PM-1:30 PM

Responses to 9/11 and disasters like Hurricane Sandy 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? Given the recent hurricane devastation in Texas, Florida, Puerto Rico and the U.S. Virgin Islands, 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.

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


Enterprise Risk Management
Payments Risk & Compliance School of Study, APRP Prep Specialization
1:45 PM-2:45 PM

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.

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