FedNow Risk Assessment Excellence: Essential and Advanced Strategies – 2 Part Series
December 11, 2024
REGISTER NOWDescription:
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!
Presenters:
Kevin Olsen, AAP, NCP, APRP, CHPC
Kevin Olsen is the Payments Professor bringing enthusiasm and motivation to presentations. Viewing the world as a classroom which is exemplified in the professor’s “edutainment” ed-u-tain-mint (noun\ When education is motivating, informative, and fun) style of training as he seeks to educate and inform all on the latest developments and trends in the fascinating world of electronic payments Kevin develops programs, presentations, and articles designed to orient and educate financial professionals on a multitude of electronic payment topics. Kevin is also a certified business coach helping lead organizations to innovate and communicate in the ever-changing world of payments, including building of payment strategies with a focus on product development and use cases for faster payments (RTP & FedNow). You can find the Payments Professor on YouTube, Instagram, through the Payments Podium podcast and usually speaking at an event near you.
Among his many certifications Kevin is an Accredited ACH Professional (AAP), an Accredited Payments Risk Professional (APRP), an NCP (National Check Payments Certification) and a Certified High-Performance Coach (CHPC) and holds a masters in industrial organizational psychology from Liberty University.
December 11, 2024