Updated to include recent 2025 rule changes!
This event will include breakout rooms where you will get the opportunity to collaborate with peers, as well as our industry expert, Kevin Olsen. Limited spots available!
FedNow Risk Assessments Workshop Part 1: Basic Requirements and Best Practices
September 16, 2025 | 10:00 am – 11:30 am CDT
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
FedNow Risk Assessments Workshop Part 2: Operating Procedures and Operating Circular 8
September 22, 2025 | 1:30 pm – 3:00 pm CDT
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.