Education and Training

BAFT’s Certificate in Advanced Cash Management (CACM) is a Level II certificate targeted toward individuals who are further advanced in their transaction banking careers or have already passed BAFT’s Certificate in Introductory Transaction Banking. This certificate is tailored to those already working or looking to learn more about foreign exchange, payments, and treasury management. The target candidate has over three years of treasury experience and is looking to further demonstrate their understanding of cash management by earning an industry recognized certificate.

Cash management, compliance, financial crime, cross-border payments, correspondent banking, innovation, foreign exchange, and treasury services.

Relationship managers, product managers, credit and risk officers, those involved in treasury services and international banking.

CACM provides insights into the global banking system and the infrastructure behind the services and products sold and used in transaction banking. Learners will gain a deep understanding of treasury management and its influence on the financial ecosystem.

BAFT’s Certificate in Foreign Exchange (CFX) provides professionals with an overview of a financial institution’s foreign exchange department and services. Following the completion of the course, the learner should have a basic understanding of the Foreign Exchange (FX) market, products, sales process, FX risk, regulatory and compliance requirements. Participants will learn how currency moves around the world including different types of local and global payment rails. The target candidate has a junior to intermediate experience in transaction banking and needs to learn more about FX and the working knowledge of foreign exchange as it pertains to their client’s business, including global regulatory differences, risks, and compliance concerns.

Transactional Banking, Foreign Exchange, Trade Finance, Credit/Compliance, International/ Domestic operations, Relationship Managers, International Sales officers (FX/Trade Finance), Corporate Bankers, Analyst (I, II, III), Associates, Specialists (I, II, III), Traders (FX), Credit/risk officers, those involved in Treasury Services and International Banking.

In this course participants will get a general overview of the Foreign Exchange market, specifically those aspects of the FX market that are important for transaction banking professionals to understand. It will help to become familiar with the Foreign Exchange products most commonly used by financial institutions. Participants will learn the various risks associated with FX from both a client perspective and bank perspective. Also, an overview of how money is moved around the world, different payment types, and the importance that each play in facilitating Global Trade. Members will learn about the relevant laws and regulatory requirements that the bank is liable for, and the importance of complying with local country regulations that restrict payments to certain parties in a transaction.

• Learn more about Foreign Exchange and the working knowledge of FX.
• Get a general overview of the Foreign Exchange market, including products, risk management, payments and channels, prospecting potential FX clients, and regulatory considerations.
• BAFT’s Certificate in Foreign Exchange (CFX) has global application and is standard training for the entire industry.

BAFT has developed this on-line training which will fulfill the requirements to earn BAFT’s Certificate in Advanced Trade Finance (CATF). Following the completion of the course, the participant should have a deep understanding of the trade finance business and its various implications across the financial ecosystem. This is a Level II professional certificate targeted toward individuals who are more advanced in their transaction banking careers or those that have already received BAFT’s Certificate in Introductory Transaction Banking (CITB) and/or BAFT’s Certificate in Transaction Risk for Trade (CTRT). This certificate is tailored to those working in or looking to learn more about trade finance, supply chain finance, cross-border risk management, and liquidity solutions, with over three years of experience in trade finance.

Trade finance, supply chain finance, cross-border risk, procurement, inventory finance, compliance, financial crime and fraud, sustainable trade finance, digital trade, insurance, deep tier finance, and liquidity.

Trade finance professionals and trade operations practitioners including Trade Compliance Managers, Finance Directors, Credit Controllers, Export Managers, Procurement and Supply Chain Managers, Transaction Bankers, Foreign Exchange Brokers, Compliance and International Operations Staff, Senior Relationship Managers, International Sales Officers, and those involved in treasury services and international banking.

In this course, participants will acquire a general overview of the trade finance business, supply chain finance, cross-border risk, and liquidity solutions. It will help to become familiar with managing and mitigating emerging markets and other cross-border risks, understand the links between supply chain finance and procurement, and become familiarized with inventory finance. Participants will also learn about secondary markets, insurance and asset distribution in trade and supply chain finance. The certification will also cover an overview of financial crime, compliance and fraud; digitalization in the trade industry; and best practices in ESG, sustainable trade finance and deep tier supply chain finance.

BAFT’s Certificate in Introductory Transaction Banking (CITB) is targeted at individuals who are new to transaction banking products and services. This certificate is tailored to those that are either joining a bank directly from college, from a separate line of business and/or industry, as well as those junior level employees looking to have a broader knowledge of their role in transaction banking. The target candidate has under three years of transaction banking experience or has only had exposure to parts of transaction banking.

Cash management, trade finance, compliance, cross-border payments, correspondent banking, and innovation.

Relationship Managers, Product Managers, Credit Officers, and Associates, Analysts, Interns, and new hires involved in cash management, trade finance, regulatory compliance, anti-money laundering, financial crime compliance, and international banking.

Participants will obtain a basic understanding of the key transaction banking services including cash management, trade finance, compliance, correspondent banking and cross-border payments; in addition to common industry terminology, and the role these products play in the banking industry. Finally, students will understand the rich history of transaction banking, where it stands in its evolution today, and look into the innovative efforts being made by the industry.

BAFT’s Certificate in Transaction Risk for Trade (CTRT) is targeted towards sales and other trade professionals to help in identifying prospect companies and determine which trade products are appropriate for each of them. This certification is also highly relevant for other professionals involved in assessing and managing various risks associated with trade transactions. This risk certificate is also helpful for trade professionals and bankers with under three years of experience who have not yet received training in trade and trade products specifically related to risk management.

Customer onboarding, documentation, and types of risk including trade finance, compliance, operational, credit, reputational, jurisdictional, product, and legal.

Sales Managers, Product Managers, Relationship Managers, Credit Officers, Compliance Officers, Risk Officers; including Associates, Analysts, Interns, and new hires involved in financing trade.

Participants will gain a high-level understanding of the key transaction risks associated with trade products including credit, operational, reputational, compliance, and jurisdictional risks. Participants will also learn about common industry terminology as well as apply their learning to an end-to-end trade transaction case study between the United States and Vietnam from the point of view of the importer, exporter and bank counterparties. Finally, students will understand how to mitigate such risks with common product sets available to the bank.

We are pleased to announce an updated version of the BAFT Certificate for Respondent’s Playbook (CRP), the 2.0 version is now available!

We designed this resource to train respondent banks on international anti-money laundering/combating the financing of terrorism (AML/CFT) standards and to recommend actions that may improve their ability to obtain and maintain a correspondent banking relationship.

It outlines the decision-making process of correspondents establishing new and reviewing existing relationships and the measures that respondents may take to increase the likelihood of a favorable outcome.

• An Introduction on the Current State of Correspondent Banking
• Establishing a New Correspondent Relationship
• Maintaining an Existing Correspondent Relationship
• Options for Respondent Banks Unable to Obtain or Maintain a Relationship
• Special Considerations for Money Services Businesses and Fintechs
• Frequently Asked Questions from Respondent Banks

This certification is geared toward banks, primarily compliance, risk management, credit officers, and transaction banking business line staff who typically serve as the first line of defense.