Certificate in Foreign Exchange (CFX)

About the Certification

The purpose of this BAFT’s FX Training Certificate is to provide the participant with an overview of a financial institution’s Foreign Exchange department and services. Following the completion of the course the participant should have a basic understanding of the Foreign Exchange (FX) market, products, sales process, FX risk, regulatory and compliance requirements. The participant will learn how currency moves around the world including different types of local and global payment rails. The target candidate is a junior to intermediate experience Transaction Banking (TB) specialist, that needs to learn more about Foreign Exchange and the working knowledge of FX as it pertains to their client’s business. Including global differences, risks and compliance concerns.

Who Should Attend

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.

What You Will Learn

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.

Why This Certification

  • 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.

Certificate Structure

Course Overview

This certificate provides an in-depth understanding of cash management tools, techniques, and best practices needed to be successful in various Foreign Exchange disciplines.

Assessment

CFX Instructor

Matt Porio
Managing Partner
Finance IQ

As a Managing Partner of Finance IQ, Matt has worked with top US and international banks and financial institutions to deliver project solutions and training seminars on all aspects of financial services, with a specialty in risk management, investment management and financial products. 

Prior to Finance IQ, Matt was the founding principal of Lucas & Associates, LLC, a leading risk advisory firm in Westport, CT.  Lucas was created in 2007 with the mission of helping both buy and sell side firms identify, measure, and manage their credit risk, market risk, counterparty credit risk and operational risk.

Before his work as a globally recognized risk management consultant, Matt held a number of senior positions with leading financial institutions during a career in capital markets that spanned over 20 years.  At the Bank of Ireland, he was Executive Vice President and Co-Head of Global Markets for its U.S. operations where he established the policies and procedures related to capital market transactions.  Before Bank of Ireland, he was Chief Dealer and Head of Global Markets at American Express Bank where he was a member of the ALM committee as well as the Strategic Direction committee.  Matt was also a Vice President of Global Markets at Chase Manhattan Bank and he started his career with Salomon Brothers in their mortgaged backed securities group.

Matt is an adjunct professor of finance at the University of Connecticut and at Sacred Heart University in Fairfield Connecticut.

Register

To complete registration and payment you will be taken to the BAFT Learning Management System (LMS).

Access: This includes access to all 8 on-demand e-courses and a Certificate in Foreign Exchange upon completion.

Payment: Visa, American Express, Mastercard, Discover. For alternative forms of payment please contact [email protected].

Group Rates: For group pricing please email [email protected].

Fees

Non-members who select BAFT Member pricing are responsible for the remaining balance. Verify your organization is a member of BAFT by viewing the BAFT Member List prior to registering.

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