FedNow Risk Assessments Workshop – 2 Part Series

Name: FedNow Risk Assessments Workshop - 2 Part Series
Start: 2025-09-16
End: 2025-09-16

Included Webinars

FedNow Risk Assessments Workshop Part 1: Basic Requirements and Best Practices
FedNow Risk Assessments Workshop Part 2: Operating Procedures and Operating Circular 8

Series Details

Join the Payments Professor for part one of a two-part workshop series designed specifically for compliance personnel, focusing on performing a FedNow risk assessment. This first session will cover the foundational aspects of a risk assessment, providing an overview of what is required and how to go beyond basic requirements to ensure a robust risk management strategy.

What You’ll Learn

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 to illustrate effective risk assessment strategies

Building on the foundation established in part one, part two of this workshop series focuses on conducting a FedNow risk assessment audit using a risk-based approach. Led by the Payments Professor, this session provides a detailed exploration of Operating Circular 8 and the FedNow Service Operating Procedures, highlighting their critical areas and implications for risk management. Participants will learn how to identify and prioritize risks, ensuring compliance while effectively addressing operational vulnerabilities.

What You’ll Learn

How to apply a risk-based approach to conducting a FedNow risk assessment audit
Key components of Operating Circular 8 and their relevance to identifying and mitigating risks
Critical areas within the FedNow Service Operating Procedures that require focused attention during an audit
Strategies for prioritizing high-risk areas to ensure compliance and operational efficiency
Practical techniques for identifying vulnerabilities and potential gaps in risk management
Effective questioning methods to uncover risks and ensure thorough audit coverage
Best practices for aligning your audit process with industry standards and regulatory requirements

Who Should Attend

This session is ideal for compliance officers, risk managers, and payment operations personnel. It will equip you with the knowledge needed to perform a thorough and compliant risk assessment.

Tags: Audit, bsa, Compliance, Risk Management

Date

Sep 16 2025

Expired!

Time

10:00 am - 11:30 am

More Info

Labels

Webinar/Online