ACH Risk Management: 2-day Workshop

By: Rayleen M. Pirnie, AAP, CEO and Founder, RP Payments Risk Consulting Services, LLC
Location :- Washington, DC | Thursday, October 18, 2018 | Friday, October 19, 2018
“ACH Risk Management” – This course is approved by NASBA (National Association of State Boards of Accountancy). Seminar attendees are eligible for 14.4 CPE credits upon completion of this workshop.

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Course Description:

Updated for 2018! New frauds, exciting twists and cases, and even more tips and tricks to managing ACH Risk! But what has not changed – attendees still help develop the actual agenda of the course – we’ll cover the topics important to you.

Hold onto your seats! This fast-paced, interactive, high-energy bootcamp provides attendees with everything from the basics to the more advanced aspects of managing risk in ACH processing. ACH Network participants bear significant responsibility and risk in their daily transaction processing. Combine daily operations, liabilities, network warranties, and obligations that go beyond the ACH Rules book, then throw in increasingly sophisticated fraud schemes and it’s easy to see how ACH Risk Management is a complex balance that takes dedication and planning to master.

Did you know

  • Many state and federal laws can impact your responsibility and liability in an ACH transaction?
  • Recent ACH Rules changes can create large financial losses for returned ACH transactions?
  • Frauds using the ACH Network are increasing in complexity and occurrences?
  • Many ACH Rules violations are easily correctable?

Using real life case studies, attendees will put their knowledge to the test and determine appropriate responses to risk scenarios.

Learning Objectives:

  • Learn how to navigate the ACH Rules book.
  • Identify areas of ACH risk, related rules, guidance and regulations.
  • Recognize appropriate ACH risk management techniques.
  • Translate new techniques into actionable practices.
  • Document fraud risk management.
  • Analyze case studies to determine an appropriate course of action that minimizes risk.
  • Organize a list of three (3) action items to immediately review upon returning to work.

Areas Covered in the Seminar:

  • The ACH Rules Book
  • Participants and processes
  • ACH risk
  • ACH Rules that present significant risk if not followed properly
  • Guidance related to risk management and fraud prevention
  • Federal rules, guidance, and laws
  • ACH Risk Assessment and Audit essentials
  • ACH fraud identification and response
  • Unique individual and group exercises to apply new knowledge

Who will Benefit:

Any payments professional working in the ACH Network will benefit from this course; these individuals could include operations, compliance, AR/AP, payroll, risk management, audit, legal counsel, management, risk officers, and AAP’s.

CPE-GRC

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail cpe@nasba.org.

Field of Study:
  • Auditing: 6 CPE Credits
  • Management Advisory Services: 6.4 CPE Credits
  • Specialized Knowledge and Applications: 2 CPE Credits
  • Total CPE credits earned in this workshop: 14.4 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.

Course Outline

Day One (8:30 AM – 4:00 PM)
  • 08.30 AM - 09.00 AM: Registration
  • 9:00 – 9:30 AM: Introductions and establish course objectives (30 minutes)
  • 9:30 – 10:30 AM: Introduction to the ACH Network (60 minutes)
    • Participants, processes and transaction flows
    • Navigating the Rules book
    • Categories of risk
  • 10:30 – 12:00 PM: Managing Risk (90 minutes)
    • Regulations, Guidance and the ACH Rules
    • Regulation E vs. the ACH Rules
    • Regulations, state laws, federal obligations
    • Regulator expectations and guidance
    • Risk Management by participant (ODFI, RDFI, Originator, Third-Party as appropriate for audience)
    • Highlight important ACH Rules
    • ACH Agreements
    • Policies and procedures
    • Vendors
  • 12:00 – 1:00 PM: Lunch
  • 1:00 – 3:45 PM: Managing Risk Cont’d (165 minutes)
  • 3:45 – 4:00 PM: Individual Exercise, final Q&A, and wrap up (15 minutes)
  • Day Two (9:00 AM – 4:00 PM)
    • 9:00 – 9:15 AM: Recap, Q&A, review objectives (15 minutes)
    • 9:15 - 12:00 PM: Investigating and Responding to ACH Fraud (165 minutes)
    • 12:00 – 1:00 PM: Lunch
    • 1:00 – 2:30 PM: Risk Assessments and Audit Essentials (90 minutes)
    • 2:30 – 3:45 PM: Case Studies (75 minutes)
    • 3:45 – 4:00 PM: Q&A (15 minutes)

    Meet Your Instructor

    Rayleen-M-Pirnie-90X112
    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.

    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.”

    Location :
    Washington, DC (Venue to be announced shortly)

    October 18-19, 2018
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    $1,199

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    October 18-19, 2018, Washington, DC

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