- Speaker : Donna K Olheiser
- Session Code : DONOV1623
- Date : 16th November 2023
- Time : This Event is Over and the Recorded Content is Available
- Duration : 90 Mins
Annual ACH Rules Compliance Audit Webinar: Navigating New Regulations
Overview:
Keeping up with annual ACH Rules Compliance Audits is mandatory for various financial institutions and service providers, as stipulated by the Nacha Operating Rules. This webinar aims to simplify this yearly obligation, especially in light of new 2022 rule changes, by offering a step-by-step guide to the audit process. Whether you're an ODFI, RDFI, Third-Party Service Provider, or Third-Party Sender, this session will equip you with the knowledge and tools you need to ensure full compliance.
The
session will particularly emphasize recent rule changes, including verification
requirements in the ACH Contact Registry and the latest amendments that include
Third-Party Senders (TPS) and Micro-Entries. Navigate through these new
conditions and understand how they impact your yearly audit with expert
guidance.
By
attending this webinar participants will learn to:
- Identify
the participants in the ACH network required to conduct an annual ACH Rules
compliance Audit
- Define
what the General Audit Requirements are (now in Article 1)
- Discussion
on tools available in the Nacha Operating Guidelines for guidance when
conducting the annual ACH Rules Compliance Audit, including the TPS audit.
- Review
the flexibility for each participant when following the Guidelines, which
include the ODFI, RDFI, TPSP and TPS within the Rules Book
- Describe
“how-to” ensure Rules Compliance after determination of what ACH activities are
being audited
- Recommended
areas to check (audit) in addition during the ACH Audit
Why
Should You Attend?
The ACH Rules Compliance Audit isn't just a yearly requirement; it's a critical opportunity to ensure your organization is operating within the bounds of Nacha Operating Rules. With new requirements, like Unauthorized Returns processes and Third-Party Sender (TPS) Risk Assessments now in place, there's more at stake than ever before.
This
session offers a complete guide to fulfilling your annual audit obligation. It
clearly identifies who is required to conduct these audits and breaks down the
process step-by-step. Moreover, you'll receive practical tips to tailor your
audit according to the specific ACH activities your organization engages in.
This is your chance to navigate through the complexities of the annual ACH
Rules Compliance Audit, ensuring that you're not just compliant, but also more
knowledgeable and prepared for the year ahead.
Who
should attend?
- ACH
Operators and Managers
- Risk
Management Professionals
- Compliance
Officers
- Auditors
(Internal and External)
- Treasury
Management Professionals
- Banking
Operations Managers
- Legal
Counsel specializing in financial regulations
- Third-Party
Service Providers involved in ACH services
- Financial
Consultants and Advisors
- Accounts
Payable and Receivable Managers
- Corporate
Accountants and Controllers
- Payment
Systems Engineers and Developers
- Information
Security Officers
- Business Analysts working with ACH transactions
- Financial Institutions' Executive Management
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 processing electronic payments and 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.
Enrollment Options
Tags: #ACHCompliance, #NachaRules, #2022Updates, #AuditGuidelines, #RiskManagement, #FinancialWebinar, #ACHOperators, #ComplianceOfficers, Donna, Olheiser, November 2023, Webinar