Managing Risk in Retail, Wholesale and Electronic Payments
In-Company
You may be interested in our upcoming public course on International Payments on 14-15 of Jun in Paris
Banks accept, collect and process a variety of payment instruments and take part in various clearing and settlement systems. These systems are not always provided within the bank itself, but may be offered by outside parties or even the central bank. This intensive two-day course helps you navigate through the complex world of retail payments and lets you develop an effective risk management regimen in this vital banking area.
By the end of this course you will:
- Have a sound understanding of the payments systems, processes and instruments
- Explore clearing and settlements processes
- Be able to identify and mitigate risks related to retail payments
We also offer courses on wholesale payments, electronic payments, SEPA and more. Contact us to find out more.
Who Should Attend
The course has been specifically designed for the following banking industry professionals:
- Retail Business Unit Managers
- Branch Managers
- Financial Controllers
- Risk Managers
- Operational Risk Managers
- Operations Managers
- Senior Operations Staff
- Auditors and Compliance Officers
- Regulators/Inspectors
- Staff Training Managers
Teaching Method
This is a highly practical course with many real life case studies and exercises. Tutor will be focused on teaching practical strategies that can be taken back to your business and put into immediate effect.
In order to help us establish your individual and business concerns, you will be asked to fill pre-course questionnaire.
Managing Risk in Retail Payments - A Two Day Programme
Contact us for details of Wholesale and Electronic Payments courses.
Payment Systems
- What is a payment system?
- Generic division between payment systems – Wholesale & Retail
- Developing trends in retail payment systems
Payment instruments, clearing and settlement
- The instruments
- Clearing
- Settlement
The Risks – what they are and what they mean
- Strategic Risk
- Reputational Risk
- Credit Risk
- Liquidity Risk
- Legal (Compliance) Risk
- Operational (Transactional) Risk
- Specific payment instruments controls
Assessing risk in retail payment systems
Identification, Assessment, Monitoring, and Mitigation/Control
Day 2
Managing risk in retail payment systems
- Legal & Supervisory infrastructure
- The Role of the central bank or other authorities
- Risk management standards
- The big picture (Wholesale, Retail, Forex, Special Systems)
- Retail payment systems – the risks and their management in specific systems including specific risk examination measures.
- Cheques
- Electronic Funds Transfer/Point of Sale and Credit Card Networks
- Card based payments such as Credit cards, Debit/ATM cards, Card PIN Issuance
- Merchant acquiring
- Automated Clearing Houses
- Internet and Telephone-Initiated ACH
Richard Barr
Richard holds a B.S. in International Business Administration from San Jose State University in California. His professional experience spans 19 years, 5 of which were spent with Wells Fargo Bank. Another 5 were spent honing his global banking skills, when Richard was involved with International Trade Finance, Real Time Gross Settlement and Cross Border Banking. The past 9 years have been in the private and high-tech sectors providing high-level consulting services, business analysis, project management and training to a wide range of banking clientele across the globe.
He has spent extensive time servicing a diversity of “financial institutional” clients, in South Africa, Poland, Sweden, Ireland, Netherlands, Greece, Bermuda, Malawi, United Kingdom and across North America. Clients include AIB Bank, Eurobank, ABSA Bank, CitiBank, Swedbank, INDEbank, IBM, Montran and Fundtech, as well as many others.
Richard has also filled the role of advisor to central banks on payment systems and technical payments issues. Furthermore, key staff from the Bank of England, South African Reserve Bank, Central Bank of Ireland and Bank of Portugal who have attended training sessions presented by Richard.
The course can be customised and run in any of your offices worldwide.
This is a cost-effective and targeted way to ensure that your employees are equipped with the best skills and industry knowledge.
Contact us to discuss further your requirements.
Call us now on +44 (0) 207 193 5035
