Continuing IT Training Program
ACH Payment System Risk Management (102)
Program OverviewParticipants will become familiar with the issues, challenges, and strategies for utilizing the ACH system for cash management. Attendees will learn about the newest ACH Operating Rules, the most common exceptions associated with ACH applications and the legal framework governing these payments. The course will also cover compliance with ACH-Related Rules & Regulations. Attendees will learn the legal framework for processing commercial entries as well as government payments.
Key ObjectivesUpon completion of this course, participants will be able to:
Identify credit, operational, fraud, and systemic risk issues;
assess risk exposure to a financial institution; and
assess compliance with ACH rules and other regulations.
Instructional FormatFacilitated classroom discussion and lectures.
Risk Management Examiners with experience conducting IT examinations, payment system risk reviews, or fraud and AML reviews involving ACH payment systems.
This course is open to appropriate staff of the FDIC and partner government regulatory agencies. This course is not open to the public or staff of private banks.
Participant should have attended ITEC.
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