How to know if emails to participants have bounced?

I would like to be notified if emails to participants (when judging abstracts and sending notifications, sending emails to participants linked to specific abstracts/contributions, etc.) bounce.

Would the correct settings for this be as follows:
For abstracts - setting my email as the “reply to” address (unsure if this would work as the sender remains the no reply email address)
For contributions - selecting myself as the sender

Thanks in advance for any support.