WASHINGTON — BAFT, the leading global financial services association for international transaction banking, today announced the launch of its new Certificate in Foreign Exchange (CFX), which includes a series of eight courses that offer an overview of a financial institution’s foreign exchange department and services. The certificate is tailored for junior to intermediate level transaction banking professionals, as well as those who have already completed the Certificate in Introductory Transaction Banking.
This course will provide an understanding of the foreign exchange market, what foreign exchange products are most commonly used by financial institutions, and a working knowledge of foreign exchange as it pertains to a client’s business, including global differences and risk and compliance concerns. Participants will also review the importance of complying with local country regulations that restrict payments to certain parties in a transaction.
“As a finance professional with more than 20 years of progressive responsibilities in both banking and corporate treasuries, I know that foreign exchange is a complex business,” said Deepa Sinha, vice president of payments and financial crime, BAFT. “This comprehensive new certification will provide other transaction banking professionals with the skills and expertise necessary to master this important area of industry focus.”
The courses will be led by Matt Porio, a recognized foreign exchange expert who has worked with top international financial institutions within the risk management, investment management and financial products areas. Porio is an adjunct professor of finance at the University of Connecticut and Sacred Heart University in Fairfield, Conn.
The certificate courses will be available through BAFT’s Learning Management System and take about 15 hours of study to complete.
Click here for more information on the Certificate in Foreign Exchange.
BAFT, the leading global financial services association for international transaction banking, helps bridge solutions across financial institutions, service providers and the regulatory community that promote sound financial practices enabling innovation, efficiency, and commercial growth. BAFT engages in a wide range of topics affecting transaction banking, including trade finance, payments, and compliance.