NEACH Online Learning

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Certification Package: Risk Management for ACH Certificate

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    • This certification is available to: Individual Associate Membership, Corporate Originator Associate Membership, FI Trial Membership, Financial Institution, Fintech Associate Membership, Government/Non-Profit Charity Associate Membership, Third Party Associate Membership and Vendor Associate Membership. Please log in to enroll.

Designed for personnel to expand their knowledge on Risk Management topics in the ACH Network, this certificate provides training on Originator on-boarding, audits, fraud mitigation and the importance of exposure limits. To earn this certificate, ten (10) credits must be earned and an evaluation submitted for each course attended.

Why Complete a NEACH ACH Certificate?

  1. Gain a comprehensive overview of ACH Rules, regulations and processes; 
  2. Strengthen skills to effectively handle payments risk with a deeper understanding of the ACH Network;
  3. Prepare for NACHA certification as an Accredited ACH Professional (AAP) and Accredited Payments Risk Professional (APRP); 
  4. Demonstrate to employers higher level of payments expertise.

 

  • ACH Audit Requirements: Are You Ready?

    Contains 4 Component(s), Includes Credits Includes a Live Web Event on 10/26/2021 at 10:00 AM (EDT)

    This session is a comprehensive review of ACH Audit requirements and includes a bonus section on ACH Risk Assessment components and common recommendations.

    This session is a comprehensive review of ACH Audit requirements and includes a bonus section on ACH Risk Assessment components and common recommendations. 

    As the roles and responsibilities of audit professionals expand, it is important that risk, compliance and operations staff are well-trained on the nuances of audit functions, testing, validation procedures and internal controls. In this workshop, participants will learn how audits are driving efficiency and improving operational excellence across the institution. This highly informative workshop encourages participants to ask what should be reviewed and why in an annual ACH Audit, how risk assessments play a role in strategic program oversight within an institution, and what information should be reported to the Board.  This workshop will cover ACH in detail, being the only payment channel requiring an annual audit today. The presenter will discuss the importance of identifying Third-Party Senders and the Rules surrounding them, including on-boarding, monitoring, and audit requirements. As a bonus, the second half of this workshop will focus on risk assessment components and common recommendations regarding implementing controls for ACH, Wire, and Remote Deposit Capture program!

    Attendees will leave the session with an understanding of:

    1. What should be reviewed and why in your annual ACH Audit;
    2. How risk assessments play an important role at a financial institution; 
    3. Third-Party Sender Rule requirements;
    4. Risk Assessment components and recommended controls for ACH, Wire, and RDC.

    Sandy Cinelli

    Senior Director, Education

  • All Onboard! Payment Onboarding

    Contains 4 Component(s), Includes Credits

    ​Having an effective onboarding program for ACH Originators and corporate RDC clients should be an instrumental part of your business program.

    Having an effective onboarding program for ACH Originators and corporate RDC clients should be an instrumental part of your business program. Onboarding helps ensure a smooth transition for your corporate client, and is also critical in making sure you understand the client's business processes.  This is an important step in your risk management program.  This session will review the onboarding process from beginning to end, including how it can help mitigate risk to your Institution.

    Attendees will leave the session with an understanding of:

    1. Why the onboarding process is a critical component of a financial institution’s business process;
    2. How effective onboarding helps minimize risk to the financial institution;
    3. The components of an effective onboarding program regarding RDC and ACH. 

    Sandy Cinelli

    Senior Director, Education

  • Common Gaps in ACH Risk Management

    Contains 5 Component(s), Includes Credits

    As financial institutions compete with one another for market share, they have to offer product offerings that their customers and members are looking for

    As financial institutions compete with one another for market share, they have to offer product offerings that their customers and members are looking for: corporate Origination, internal Origination, including external transfer capability; person to person payments.  This presentation will discuss ways FIs can provide these services while mitigating the risks associated with them.

    Attendees will leave the session with an understanding of:

    1. Establishing effective dollar limits for internal ACH Origination, as well as exposure limits for corporate Origination;
    2. Warranties and responsibilities that weigh on ODFIs;
    3. Documenting procedures for ACH functions;
    4. The importance of ongoing ACH training for staff and Originators. 

    Sandy Cinelli

    Senior Director, Education

  • Managing Operational Risk

    Contains 4 Component(s), Includes Credits

    This session will outline the policies and procedures needed for processing ACH, RDC, and Wires and will discuss how these measures help a financial institution manage its operational risk.

    Managing operational risk is an important part of effectively mitigating exposure to the financial institution.  A critical component of managing that risk is to have comprehensive policies and procedures in place. This session will discuss operational risk and best practices for mitigating that risk across multiple payment channels.

    Attendees will leave the session with an understanding of:

    1. The role risk plays in operations;
    2. Risk management best practices for operations departments;
    3. Tips for creating a successful risk management environment at the financial institution.

  • Where is a Third Party? The Where's Waldo Game of Payments

    Contains 4 Component(s), Includes Credits

    Using case-based scenarios, delve into the who, what, where of Third-Party Payments Processors and Merchants and the effects of these relationships on the financial institution.

    Using case-based scenarios, delve into the who, what, where of Third-Party Payments Processors and Merchants and the effects of these relationships on the financial institution. 

    Are you considering adding to your portfolio of Originators by onboarding a Third-Party Sender?  Doing so can provide financial and other benefits to a financial institution, but these relationships pose more risk.  In this session, we will discuss due diligence best practices for identifying Third-Party Senders, monitoring the transactions their client Originators generate, and ensure that the Third-Party Sender is adequately vetting its clients.  Third-Party Senders can be good for a financial institution who is well informed about how best to manage the risks associated with the relationship.

    Attendees will leave the session with an understanding of:

    1. Transactions originated by Third-Party Senders in their intermediary role;
    2. Requirements for Third-Party Sender registration with Nacha, managing return rates and thresholds;
    3. Best practices for adequate risk management;
    4. How to educate Third-Party Senders regarding their responsibilities in the ACH Network.  

  • ACH Fraud: The Rules and Beyond

    Contains 4 Component(s), Includes Credits Includes a Live Web Event on 10/07/2021 at 2:00 PM (EDT)

    ACH fraud handling is often misunderstood by financial institutions. Costly forms of fraud can often be avoided if appropriate security protocols and strategies are implemented. Join this session to learn those steps.

    Fraudsters continue to rob businesses and financial institutions across the country using the ACH Network to launder the stolen loot. Regardless of how relentless these forms of fraud are, so much of today’s fraud can be detected and managed before it causes losses, if you know what to look for. This session provides attendees with immediately actionable tips to thwart ACH fraud attempts.

    Join us to:

    1.  Discuss current fraud trends;
    2.  Document sound mitigation strategies;
    3. Record applicable rules, laws, and guidance;
    4. Identify red flags of fraud, using case studies;
    5. Investigate actual fraud cases. 

    Rayleen M. Pirnie AAP, CERP

    Director, Risk & Fraud

    NEACH

  • How to Talk to Your Originators

    Contains 4 Component(s), Includes Credits

    ​Learn how to train up corporate Originators. This new session discusses how to help corporate Originators gain greater efficiency, mitigate unintended Rules violations and defines what is expected of them in regards to the ACH Rules.

    Learn how to train up corporate Originators. This new session discusses how to help corporate Originators gain greater efficiency, mitigate unintended Rules violations and defines what is expected of them in regards to the ACH Rules.

    Do your corporate Originators understand the Nacha Rules? Are they familiar with requirements such as obtaining the proper authorization and using the correct SEC Code? This session will provide guidance for translating the requirements of the ACH Network to your Originators in a language they will understand. The session will provide insight and guidance to assist ODFIs in having these discussions with Originators or prospective Originators.
      

    Attendees will leave the session with an understanding of:

    1.  Originator requirements;
    2. How to effectively on-board Originators;
    3. SEC Codes and their authorization requirements. 

    Joe Casali

    EVP

  • Risky Originators: Are Your ACH Originators Meeting Your Risk Appetite?

    Contains 5 Component(s), Includes Credits

    This course provides ODFIs with strategies to evaluate their Board directed risk appetite with onboarding new clients.

    A Boards’ risk appetite is the foundation of any institution’s risk management framework. Effective risk management programs are fundamental to ensure there is an appropriate balance between risk and reward. As Originators business operations change, so does the inherent risk of their transactions. 

    Effective risk management does not involve avoiding all risks, but there is also no “one-size-fits-all” approach. This session will help FIs identify the ever-changing needs of ACH Originators and help FIs develop an appropriate risk management program that keeps pace with change.

    Attendees will leave the session with an understanding of:

    1. Analyze common originator risks;
    2. Document effective risk management strategies;
    3. Record resources and guidance;
    4. Demonstrate knowledge using case studies.

    Rayleen M. Pirnie AAP, CERP

    Director, Risk & Fraud

    NEACH