RDC Risk Management -- Understanding the New Exam Procedures


Presented by: Paul Carrubba and Dan Fisher

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The FFIEC has just released (2-25-10) the updated Retail Payments System IT Examination Handbook. This handbook update was mentioned in the Risk Management of Remote Deposit Guidance issued by the FFIEC on 1-14-09. Included in the handbook are two new sections -- Check 21 and Remote Deposit Capture Risk Management. The handbook has also added specific examination procedures that pertain to Check 21 and RDC.

This program will also provide the participant with a better understanding of the FFIEC RDC Guidance, Check 21 and the new RDC examination expectations outlined in the Retail Payments Systems Handbook.

Upon completion of the program, participants will understand:
  • The new doctrine included in the FFEIC guidance press release titled: The Essential Elements of Risk
  • What the new examination expectations are in regard to Check 21 and RDC
  • What an effective and comprehensive RDC risk management program includes
  • What specific components should a comprehensive RDC Risk Management policy include
  • How the role of all stakeholders and senior managers has been defined.
  • The important elements of a commercial customer application for RDC services that should be included in your due diligence and suitability program.
  • What should be included in your selecting, implementation and management of the technology
  • The difference between a customer site review, self assessment and customer audit (all components of the guidance)
  • The framework of an effective Risk Management monitoring program
  • That RDC is a technology not a product
  • How to develop an internal audit program that addresses the FFIEC guidance and the needed controls in anticipation of an exam.
Who should attend?
The Guidance impacts the entire organization from the board room to bank operations. The lines that separate the board, senior management, and technology, and risk management are blurring. The expectations of senior managers, banking executives and the board of directors as it relates to understanding the risks associated with technology before you purchase technology has increased significantly by virtue of this guidance. Recommended attendees include CEO, CFO. CIO, Internal audit, Compliance and senior operations professionals. Vendors that provide this technology as a service should also attend.

About the Speakers: Paul Carrubba is an attorney with the law firm of Adams and Reese LLP. His primary focus is on Banking Law and legal issues dealing with payment system fraud. He is a member of the faculty of the Alabama School of Banking and the BAI's Graduate School of Bank Operations and Technology. Mr. Carrubba is the author of five books including: Revised UCC Article 3 and 4, A Banker's Guide to Checks and Principles of Banking.

Dan Fisher is President and CEO of The Copper River Group offers consulting and research services to the financial industry with an emphasis on payments systems, information and technology strategies for independent community banking organizations.

Dan has been in technology and banking for over 30 years. He has been a director of the Federal Reserve Bank of Minneapolis, Chairman of the ABA Payments Committee, a member of the ICBA Payments Committee and participated in the industry effort with the Federal Reserve that ultimately succeeded in the passage and implementation of the Check-21 legislation.

He has authored or co-authored six books and has written numerous articles and white papers on technology, operations and the payments system. His most recent book titled, Capturing Your Customer, focused solely on Remote Deposit Capture.

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CD-ROM includes:
  • Complete presentation (including slides and audio)
  • Written Materials
  • Follow-up Q & A
You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

This program was recorded in its entirety in April 2010. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_rdc0410
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Monday 22 March, 2010.

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