FedNow Risk Assessment Excellence: Essential and Advanced Strategies – 2 Part Series

This two-part series is designed to help you perform a FedNow risk assessment. In the first session, we’ll review the foundational aspects of a risk assessment and provide an overview of what is required and how to enhance your program to ensure robust risk management. The second part of the series is a deep dive into regulatory framework and operational guidelines that impact FedNow risk assessments. You’ll come away with a thorough understanding of key regulations and procedures, including Regulation J, Operating Circular 8, and the FedNow Service Operating Procedures.

Part One: Foundations for a FedNow Risk Assessment – Requirements & Best Practices
December 11, 2o24 (2:00 – 3:30 pm ET)

• An introduction to FedNow and the importance of conducting a risk assessment.
• Understanding the basic requirements for a FedNow risk assessment.
• Going beyond the basics: Best practices for a thorough and effective risk assessment.
• Key components of a general risk assessment, including identification, evaluation, and mitigation of potential risks.
• Practical examples and case studies to illustrate effective risk assessment strategies.

Part Two: Diving Deeper into the FedNow Risk Assessment – Operating Procedures and Operating Circular 8
December 17, 2024 (2:00 – 3:30 pm ET)

• Detailed examination of Regulation J and its implications for FedNow risk assessments.
• Understanding the requirements and guidelines outlined in Operating Circular 8.
• Review of the FedNow Service Operating Procedures and their impact on a risk assessment.
• Best practices for ensuring compliance and mitigating risks in accordance with industry standards.

Who Should Attend:
This series is ideal for compliance officers, risk managers, and payment operations personnel.

Join us in December to gain the tools needed to perform a comprehensive FedNow risk assessment!