ACH: Managing the Risk


Presented by: Patricia Cashman

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Congratulations! You have completed the NACHA required ACH self-audit. Your audit program now includes ACH activities. But don't think that the task is complete. The number of ACH payments in 2008 topped 18.2 billion! The FRB expects nationwide ACH volumes to continue growing at double digit rates. That volume and dollar amount has resulted in new favorite buzz terms, "risk assessment" and "risk management," being used by the regulators in connection with ACH Activity.

Your institution's ACH risk assessment is a critical component of an effective ACH risk management program. The Board of Directors will rely on the ACH risk assessment to determine their "appetite" for risk in this area. Internal/external auditors and examiners will rely on the same risk assessment to determine the adequacy of the institution's policies, procedures and internal controls.

But where do you start? This session will assist you in:
  • Performing an ACH Risk Assessment;
  • Identifying risk tolerances for various types of ACH activities and the types of businesses approved for ACH transactions;
  • Classifying compliance, transaction & credit risks
  • Recognizing high-risk activities
We will discuss relevant sections from:
  • OCC ACH Risk Management Guidance (OCC 2006-39)
  • 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:
  • Risk Management officers; 
  • Compliance officers;
  • Auditors
About the Speaker: Patricia is a partner in Cashman Compliance Solutions, LLC. She is responsible for consumer compliance reviews, Bank Secrecy Act (BSA) and Anti-Money Laundering reviews, and compliance and BSA training.

Patricia 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, Patricia has spoken as a webcast/teleconference presenter for the American Bankers Association (ABA), BankersOnline (BOL) and the Center for Financial Training (CFT), taught a variety of compliance subjects for the Texas Bankers Association (TBA) and ABA at their respective Compliance Schools. She also serves as a BOL GURU and been a speaker/trainer for numerous banks and compliance organizations.

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 January 2010. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_ach0110
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Monday 16 November, 2009.

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