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ACH: Performing Both a Self-Test and Compliance Audit
(Presented by Patricia Cashman and Sheree Ulmer)
Feeling a bit dizzy? No later than December 1st of each year, NACHA requires a self-audit of the ACH services from all participating members. And now your regulators are using the dreaded terms "risk assessment" and "risk management" in connection with ACH Activity.  | WEBINAR TIME:
11:30AM - 1:30PM PT
12:30PM - 2:30PM MT
1:30PM - 3:30PM CT
2:30PM - 4:30PM ET |
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Whether your financial institution is an RDFI, and ODFI, or just thinking about entering into the e-banking fray, you will be asked to support implementation of appropriate controls. The cornerstone of these controls is an adequate risk-based audit program.
Where to start? The ACH audit program is only a piece of the process. All aspects must be considered, including business continuity, information security, consumer protection regulations such as CC & E, and BSA/AML.
This session will assist you in:
Determining the sample and scope of the audit;
Using the ACH Audit Guide;
Performing the ACH Risk Assessment;
Developing relevant compliance audit procedures; and
Preparation of written conclusion summaries, recommend corrective action and communicate findings to management.
We will discuss relevant sections from:
Recent OCC Risk Management Guidance;
FFIEC's IT Examination Handbook on Retail Payment Systems
FFIEC's Bank Secrecy Act/ Anti-Money Laundering Examination Manual
Who should attend? This session is designed for:
Compliance officers;
Auditors
Operations staff and supervisors
Operations Officers
About the speakers:
Patricia Cashman, CRCM, owner of Cashman Compliance Solutions, began her banking career in 1969. She has been the senior operations officer for three Dallas-Ft. Worth area community banks, an assistant examiner for the Texas Department of Banking and managed the compliance/internal audit division of TIB - The Independent BankersBank, one of the largest bankers' banks in the country.
Additionally, she has spoken as a webcast/teleconference presenter for ABA, taught a variety of compliance subjects for the Texas Bankers Association (TBA) at their Annual Compliance School, provides compliance seminars for the Center for Financial training (CFT, formerly AIB) and been a speaker/trainer for numerous banks, banking and compliance organizations throughout Texas and New Mexico.
Sheree Ulmer has been in the banking industry since 1978. During her career as a banker, she has performed operational duties from bookkeeper to Central Operations manager. Her most recent banking experience was in managing bank-wide Teller Operations and Client Service Operations for a large multi-branch Fort Worth community bank. Currently, she is a Deposit Specialist with Cashman Compliance Solutions where she travels the state of Texas performing compliance reviews and training for client banks. Her reviews include all deposit regulations as well as Bank Secrecy Act/ Anti-Money Laundering/ OFAC compliance. Sheree also performs training on BSA/AML/OFAC around the state.
More information...
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888.229.8872