Online Training 2016 - Consumer E-Payments - Complying with Auditor's Standards: Part II - Specific Payments Types

Overview:
The procedures provided in this webinar should not be construed as requirements for control implementation. The selection of controls and control implementation should be guided by the risk management approach of the institution.
We will discuss procedures that provide additional validation verifying the effectiveness of a financial institution's internal control processes over ACH processing, EFT/POS network processing, check item processing, electronic banking-related retail payment systems, and bankcard processing, clearance, and settlement. These procedures help bank staff understand examination objectives and processes that examiners may use, either in their entirety or selectively.
Bank staff being examined should coordinate with other departments involved in assessing the institution's information systems, operations, information security, and vendor management effectiveness to ensure there is an adequate understanding of the control environment as it pertains to retail payment business lines and to avoid duplication of effort.
Why Should You Attend:
Retail payment services expose financial institutions to numerous risks, including legal, compliance, strategic, operational, credit and liquidity. Depending on the complexity of retail payment system activity, the scope of the examination may require an integrated team approach that includes the knowledge, skills, and expertise of, IT, credit, and compliance specialists.
Areas Covered in this Webinar:
Assessing the environment
Establishing processes
Assessing resources
Quality of resources and support
Learning Objectives:
Risk assessments
EFT/POS systems processing
ACH payment processing
Emerging technologies
Risk management training
Who Will Benefit:
Financial Officers
Risk Officers
Internal Auditors
Operational Risk Managers
Business Managers/ Controllers
Accounting Managers and Staff
Speaker Profile:
Ray Graber has a deep and thorough understanding of banking, technology, and finance. His business experience includes banking technology research at TowerGroup; best practices internet security, policies, and procedures at FleetBoston Financial; wire transfer operations and product launches at Citibank and BankBoston; and treasury operations for a $325 million public company.
Mr. Graber was an adjunct professor at the Carroll School of Management at Boston College where he taught three graduate-level courses: E-Banking, the MBA Leadership Workshop, and Corporate Finance. Previously, he taught the Financial Management of Commercial Banks in the Boston College Carroll School of Management Masters of Finance Program and Working Capital Management and Cash Management at the Bentley College Graduate Business Program.
Ray holds a Bachelor of Arts degree in Mathematics and an MBA in Finance and MIS, both from Boston College.
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