Conducting the ACH Risk Assessment and Developing an Effective Risk Management Program

Duration 90 Mins
Level Basic & Intermediate & Advanced
Webinar ID IQW21J1027

  •  Guidance for the ODFI to establish policies, procedures, and limits that acknowledge the risks certain businesses and customers bring to an ACH operation – conducting the ACH Risk Assessment
  •  Identifying the difference between low and higher risk businesses
  • Describe the due diligence process (a.k.a. KYC) for the ODFI and its originating customers and the nature of their business
  • Defining best practices to help mitigate risk associated with the different payment types in ACH
  •  List the types of ACH Risk for both the ODFI and RDFI
  • Describe how to appropriately rate the risk of your activities at your financial institution
  •  Identify the types of risk factors – based on the ODFI’s Due Diligence
  • Provide suggestions on mitigating controls to help reduce risk for both the ODFI & RDFI
  • Define how to appropriately rate the risk of your activities as both an RDFI and an ODFI

Overview of the webinar

An ACH Risk Assessment is a valuable tool to help your organization identify the risks associated with its ACH program; this same ACH Risk Assessment is also required for all financial institutions per the Nacha Operating Rules.

Developing a sound Risk Management program to continually monitor the areas of Risk, then analyze your actions to ensure you are exercising mitigation tools to keep risk at its lowest possible.  When there is a change in your ACH program, an updated Risk Assessment is needed to continually be on top of all areas of Risk to your ACH program.  Discussion includes ways to help reduce the Risks associated with sending and receiving ACH transactions.

Who should attend?

  • Bank operations staff
  • New employees in the payments industry
  • Bank managers and payment professionals
  • CEO’s and CFO’s
  • Risk, Compliance and Audit personnel
  • Aspiring AAP’s and current AAP’s for AAP CE Credits

Why should you attend?

The Nacha Operating Rules clearly identify the importance of KYC (Knowing Your Customer) for the ODFI and by performing an ACH Risk Assessment, this will help determine the level of Risk the financial institution is enduring and thus help them create an effective Risk Management Program to help manage the ACH Risk that their program is subject to when processing ACH transactions for their customers.  This 60-minute session will help identify what the KYC process should contain and how to set exposure limits, plus how to mitigate different types of Risk associated with sending different types of ACH Entries.

Faculty - Ms.Donna Olheiser

Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. She is an enthusiastic and energetic Certified Master Trainer with over 14 years’ experience. She has designed and facilitated over 150 training sessions each year with her expertise being the rules for companies and financial institutions when processing electronic (specifically ACH) payments, then scheduling the events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences).
Ms. Olheiser is also an experienced project manager managing education programs for organizations per their requests on processing electronic payments while developing personalized training programs for financial institutions. She has over 23 years of experience in the financial services industry which includes 9 years’ experience as the education service director at a Regional Payments Association (RPA), where she managed and facilitated the entire education program for nearly 800 financial institution members. Prior to that, Ms. Olheiser spent 14 years in various departments with the Federal Reserve Bank of Minneapolis and also holds the Accredited ACH Professional (AAP) designation (achieved in 2004).
Her extensive knowledge, enthusiasm, and passion for transferring payment processing knowledge using the adult learning theory is remarkable and has helped many payment professionals perform daily operational tasks including exception processing while remaining compliant with the NACHA Operating Rules. She uses scenarios and examples to bring the learning home, easy to comprehend and apply to real-life day-to-day ACH processing. Ms. Olheiser’s ability to engage the learner through the entire training event helps the adult learner apply what they’ve learned during and after each training session.

10-21-2021 - Conducting the ACH Risk Assessment and Developing an Effective Risk Management Program.pdf


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