Webinar: The Sleepers: Risks of Safe Deposit Boxes, Mobile Banking, Prepaid Cards & RDC
April 4, 2023 3:00 pm - 4:30 pm
High-profile operational issues often command the most attention. But what about the “sleepers”?
Are your compliance and operations staff adequately tending to things like safe deposit boxes, mobile banking, prepaid cards, and RDC? Join this webinar to ensure your policies and procedures will bear up under regulatory scrutiny.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Open and monitor safe deposit boxes (SDBs) for suspicious activity
- Understand regulatory requirements impacting electronic banking services
- Define the prepaid card rules and understand the error-resolution process
- Establish strong oversight and controls over your RDC program
- Use provided tools to assess risks associated with electronic banking, RDC, and new products or services
WEBINAR DETAILS
Sleeper: “In football, a player who usually isn’t well known that goes on to have a breakout season.”
SDBs, RDC, mobile banking, and prepaid cards may not seem like flashy banking topics, but don’t let these regulatory “sleepers” fool you. Examiners have cited findings for lack of sufficient policies and procedures and inadequate controls in these areas. Quite simply, these tend to be “set and forget” issues and are accordingly reflected in examination reports.
Are you properly monitoring for suspicious activity in your SDBs? What if a SDB lessee passes away? Are your mobile deposits adhering to Reg CC guidelines? Is someone reviewing your RDC deposits for proper endorsements? Are you providing appropriate disclosures with prepaid cards? If you hesitated in answering any of these questions, then this session is for you!
WHO SHOULD ATTEND?
This informative session is designed for branch managers, operations staff, electronic banking staff, and compliance officers.
TAKE-AWAY TOOLKIT
- Sample reconciliation for safe deposit boxes
- Sample RDC site visit and risk assessment form
- Mobile banking testing sample
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.