Consultant with ACH Regulatory Expertise (contract assignment)

  • New York, NY
  • Contract

Company Description

Sia Partners is a unique management consulting firm composed of 850+ passionate consultants who drive business changes among our customers. Through unparalleled industry expertise, we deliver superior value and tangible results to our clients in over 21 sectors and service teams.

Financial institutions has drastically changed over the last decade and further evolutions are yet to come. Regulatory constraints have driven most of these transformations, but the disruptive revolution is much more complex and cannot be limited to the latter. Business models must be adapted within each business line and operating models must take into account industrial partnership, outsourcing or strategic alliances. Sia Partners assists its clients in coping with these transformations in order to improve their competitive advantages, flexibility productivity and profitability: strategic deployment, financial performance, business process optimization, digitalization, risk and regulatory adherence.

Sia Partners in NYC is hiring a contractor with ACH Regulatory knowledge.

Thanks to Sia Partners’ international footprint, the Financial Services practice is strategically located in all major financial and energy hubs (New York, Charlotte, UK, Europe, and Asia Pacific) and our integrated model allows teams from different countries to easily partner, when appropriate.

Job Description


Background for Contractor Role:

We have an immediate need for a contractor consultant with ACH regulatory knowledge.

Our client is a top international bank in NYC. It has just completed an Audit for their payment processing and the NACHA governance. The recommendation was to implement a control framework to ensure NACHA rule. Failure to implement can impact the bank leading to regulatory compliance gaps, including a failure to implement a Risk Management Program on Automated Clearing House (ACH) activity, a failure to define and monitor exposure limits, and a failure to include NACHA required ACH activity terms in origination agreements.

NACHA Rule Compliance Audit mandates that our client verifies the following:


As a result, we need the following outputs from a knowledgeable consultant with ACH regulatory experience:

  • Interpret the NACHA 8.2.C and 8.2.F rule and provide a consolidated guide to follow for future management of the process
  • Completion of initial risk assessment to help identify our gaps
  • Present proposal for ACH Risk Monitoring Framework providing RACI
  • Monitoring practices
  • Implementation program

Target Consultant Deliverable Timeline: 6 Weeks

Target Start Date: ASAP

Do you have this expertise?

Additional Information

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