THE ROUTE TO CHARTERSHIP IN BANKING AND FINANCE. The most comprehensive qualifications in Banking & Finance

Transcription

1 THE ROUTE TO CHARTERSHIP IN BANKING AND FINANCE The most comprehensive qualifications in Banking & Finance

2 Certificate in International Trade and Finance (CITF) Certificate for Documentary Credit Specialists (CDCS) Certificate for Specialists in Demand Guarantees (CSDG) Certificate in Customer Relationship Management (Cert RM) Certificate in Principles of Payments (Cert Pay ) Certificate in Trade Finance Compliance (CTFC)

3 Get Qualified, Advance your Career Supported by Certificate in International Trade and Finance (CITF ) Designed in partnership with the International Chamber of Commerce and in consultation with leading experts from across the world, our programmes support professionals to develop and maintain specialist knowledge of this ever-evolving sector. CITF enables trade services specialists to demonstrate expertise on the key procedures, practices and legislation in international trade finance and their readiness for career progression. This qualification combines the acquisition of technical knowledge with the skills to apply this to situations in the workplace. On completion of CITF you will attain a qualification which demonstrates expertise and enhances career potential. Units International Trade & Finance Studying CITF covers The trade environment and the role of the ICC ICC international model contracts An introduction to trade terms and Incoterms The nature of financial, commercial and transport documents used in international trade Risk and mitigation including foreign exchange hedging Assessment Single 2-hour exam split into two sections: Section A 80 multiple-choice questions Section B 4 case studies, each with 5 linked multiple choice questions Methods of payment including open account, collections, documentary credits and bank payment obligations Short, medium and long term trade finance Islamic trade finance Dispute handling, arbitration and resolution Fraud prevention and antimoney laundering Our trade finance qualifications are recognised internationally and studied in over eighty countries. They help you to enhance your knowledge and skills, demonstrate technical competence and take your career to the next level.

4 Key Facts: Exams are held in April and October each year Comprehensive learning materials including detailed study text, study resources, student handbook and specimen paper available to download Examined in over 40 different countries worldwide Upon completion, you are able to use the CITF designation after your name CITF covers all parts in international trade such as collections, documentary letters of credit, trade finance and export credit insurance. I work in a bank and I value this knowledge very much. I now know the underpinning rules and can complete the work to a much higher level. CITF student from China CITF combines the acquisition of technical knowledge with the skills to apply that knowledge to real situations and has been developed in consultation with trade finance experts from across the world. CITF enhances your knowledge of the products, documents, trade terms, roles and responsibilities that underpin international trade and finance. In addition to this core knowledge, CITF helps you to develop a basic understanding of fraud prevention and risk in terms of trade finance. Studying Preparation for the exam usually takes six months. CITF is delivered as a blended learning qualification. Learners attend a combination of onsite classes supported with online learning to aid self study. Upon registration learners will be sent a detailed study text covering the syllabus and containing review questions and activities. A specimen paper is also available to download. In addition to printed materials, students will also receive online access to the study resources. 88% of our students said CITF is beneficial to their organisation* Membership Membership of The London Institute of Banking & Finance provides you with access to a range of benefits that help you to maintain your skills and knowledge and demonstrate your commitment to professional standards. Membership Benefits - Access to our CPD scheme and logging tool - Discounted Statement of Professional Standing - CPD events and webinars - Routes to achieve Chartered status - Careers and employability advice - Jobs board - ementoring programme - Access to our industry magazine online For further information about joining, and the benefits we offer visit libf.ac.uk/membership

5 Get Qualified, Advance your Career Supported by Certificate for Documentary Credit Specialists (CDCS ) Designed in partnership with the International Chamber of Commerce and in consultation with leading experts from across the world, our programmes support professionals to develop and maintain specialist knowledge of this ever-evolving sector. CDCS allows documentary credit practitioners to demonstrate practical knowledge and understanding of the complex issues associated with documentary credit practice. It is the professional qualification recognised worldwide as the benchmark of competence for international practitioners. CDCS provides the skills required to perform effectively in a fast-paced commercial international trade environment. Units Principles and Practices of Documentary Credit Transactions Learning Outcomes Types, characteristics and uses of documentary and standby letters of credit Rules and trade terms Parties to documentary credit transactions and their roles and obligations Types and methods of payment / credit used in documentary credit transactions Types of transport, commercial and financial documents used in documentary credit transactions Related products including letters of indemnity Implications of breaching rules including money laundering and terrorist financing Assessment Single 3-hour exam split into two sections: Section A 60 multiple-choice questions Section B 10 multiple-choice questions, 3 inbasket exercises each with 5 linked multiple -choice questions and 3 simulation exercises The industry benchmark qualification for documentary credit specialists around the world, enabling professionals to demonstrate their understanding of best practice in the sector.

6 Key Facts: Exams are held in April and October each year Comprehensive learning materials including detailed study text, study resources, student handbook and specimen paper available to download Examined in over 40 different countries worldwide After completing CDCS You will be able to use the designation CDCS after your name for three years and be included on the CDCS Registry. You can renew your designation after three years by committing to an ongoing programme of continuing professional development (CPD) for maintaining and enhancing your knowledge in International Trade. Alternatively, if you prefer, you can register to resit the exam at the end of the three year period. Upon completing the recertification cycle five times, you will be designated CDCS Advocate. The Certificate for Documentary Credit Specialists (CDCS) is a professional qualification that is recognised worldwide as a benchmark of competence for international practitioners. The CDCS has been developed in consultation with industry experts to make sure that the qualification reflects best practice. It was created by the International Financial Services Association (IFSA) and The London Institute of Banking & Finance and was first examined in CDCS is now managed by The London Institute of Banking & Finance in partnership with the International Chamber of Commerce (ICC). Studying Preparation for the exam usually takes six months. CDCS is delivered as a blended learning qualification. Learners attend a combination of onsite classes supported with online learning to aid self study. Upon registration learners will be sent a detailed study text covering the syllabus and containing review questions and activities. A specimen paper is also available to download. In addition to printed materials, students will also receive online access to the study resources. 92% of our students said CDCS has helped their professional development/career prospects* Membership Membership of The London Institute of Banking & Finance provides you with access to a range of benefits that help you to maintain your skills and knowledge and demonstrate your commitment to professional standards. Membership Benefits - Access to our CPD scheme and logging tool - Discounted Statement of Professional Standing - CPD events and webinars - Routes to achieve Chartered status - Careers and employability advice - obs board - ementoring programme - Access to our industry magazine online For further information about joining, and the benefits we offer visit libf.ac.uk/membership

7 Get Qualified, Advance your Career Supported by Certificate for Specialists in Demand Guarantees (CSDG ) Designed in partnership with the International Chamber of Commerce and in consultation with leading experts from across the world, our programmes support professionals to develop and maintain specialist knowledge of this ever-evolving sector. CSDG has been designed to e n a b l e d e m a n d g u a r a n t e e professionals to demonstrate their knowledge and expertise. The qualification will develop students understanding in the use of guarantees, industry rules, legislation and the challenges relating to demand guarantees and standby credits. CSDG enables students to demonstrate a high level of expertise and improves knowledge and understanding of the complex issues associated with demand guarantee best practice. Units Principles and Practices of Demand Guarantees Learning Outcomes Demand guarantees including tender, performance and advance payment Indemnities, Suretyships and standby letters of credit and how they compare Scope of industry rules including URDG 758 and ISP 98 Parties involved in demand guarantees and their roles and obligations Risk issues including types, control and mitigations Impact of external factors including governing law and force majeure Assessment Single 3-hour exam split into two sections: Section A 50 multiple-choice questions Section B 10 multiple-choice questions, 1 case study with 6 linked multiple-choice questions and 6 simulation exercises This qualification can also contribute to the Professional Diploma in Banking & Finance. Upon completion, ICC Academy will award CSDG holders with credit towards the Certified Trade Finance Professional to provide you with a pathway for completion of this advanced Certificate.

8 Key Facts Complete 24 hours of CPD learning within each three-year cycle CPD credit can be earned from a variety of different activities provided the content is relevant to International Trade Finance Automatic inclusion in to the annual international CSDG registry After completing CSDG You will be able to use the designation 'CSDG' after your name for three years and be included on the CSDG Registry. You can renew your designation after three years by committing to an ongoing programme of continuing professional development (CPD) for maintaining and enhancing your knowledge in International Trade. Alternatively, if you prefer, you can register to resit the exam at the end of the three year period. Upon completion of CSDG, your CSDG designation will remain valid for three years. To retain the designation, you are required to participate in the recertification programme. Alternatively, you can register for and re-take the exam at the end of the three-year period. Studying Preparation for the exam usually takes six months. CSDG is delivered as a blended learning qualification. Learners attend a combination of onsite classes supported with online learning to aid self study. Upon registration learners will be sent a detailed study text covering the syllabus and containing review questions and activities. A specimen paper is also available to download. In addition to printed materials, students will also receive online access to the study resources. 90% of students think all international trade finance organisations would benefit from more professionals taking CSDG* Membership Membership of The London Institute of Banking & Finance provides you with access to a range of benefits that help you to maintain your skills and knowledge and demonstrate your commitment to professional standards. Membership Benefits - Access to our CPD scheme and logging tool - Discounted Statement of Professional Standing - CPD events and webinars - Routes to achieve Chartered status - Careers and employability advice - Jobs board - ementoring programme - Access to our industry magazine online For further information about joining, and the benefits we offer visit libf.ac.uk/membership

9 Get Qualified, Advance your Career Certificate in Trade Finance and Compliance (CTFC) Designed as per the international standards in trade finance and compliance, the certificate program will support professionals in framework, features and rules of this new sector. Designed by the banking experts to help future bankers in succeeding within the trade finance compliance landscape and be ready for career progression. CTFC is a level 4 qualification registered with OfQual in the Regulated Qualifications Framework (RFQ). The qualifications is an invaluable benchmark for trade finance team who are designing frameworks for combating finance based crimes across the globe. Units Trade Finance Compliance Studying CITF covers Understand the term 'trade finance compliance'. Understand the international principles that govern and the process and problems associated with trade finance compliance. Understand preventative activity and the impact of external factors on trade finance compliance. Assessment Understand the relationships between, roles and obligations of parties involved in trade finance compliance. Understand the risks associated with trade finance non-compliance. Apply trade finance compliance principles and processes. a. 60 marks are available for Section A: 60 multiple-choice questions (MCQs), you will select one answer from four provided, one mark available for each correct answer. b. 40 marks are available for Section B: i. five MCQs, you will select one answer from four provided, one mark available for each correct answer; ii. five multiple-response questions, you will select three answers from six provided, one mark available for correctly identifying the three answers for each question; and iii. 3 case studies comprising a combination of questions requiring you to evaluate the scenario, including questions requiring you to pair statements from a selection of options, 10 marks will available for each case study. Our trade finance qualifications are recognised internationally and studied in over eighty countries. They help you to enhance your knowledge and skills, demonstrate technical competence and take your career to the next level. Our trade finance qualifications are recognised internationally and studied in over eighty countries.they help you to enhance your knowledge and skills, demonstrate technical competence and take your career to the next level.

10 Key Facts: Exams are exams are MCQ based and are on demand Comprehensive learning materials including detailed study text, study resources, student handbook and specimen paper available to download Examined in over 80 different countries worldwide Upon completion, you are able to use the CTFC designation after your name CTFC helps in developing an understanding of trade finance compliance with a focus on principles, processes and the parties involved, and the ability to apply these to scenarios of varying complexity; CTFC also helps in differentiating between the roles and obligations of parties involved in trade finance compliance and develop an understanding of current technical language and regulation surrounding trade based compliance. Studying Preparation for the exam usually takes six months. CTFC is delivered as a blended learning qualification. Learners attend a combination of onsite classes supported with online learning to aid self study. Upon registration learners will be sent a detailed study text covering the syllabus and containing review questions and activities. A specimen paper is also available to download. In addition to printed materials, students will also receive online access to the study resources. 88% of our students said CTFC is beneficial to their organisation* Membership Membership of The London Institute of Banking & Finance provides you with access to a range of benefits that help you to maintain your skills and knowledge and demonstrate your commitment to professional standards. Membership Benefits - Access to our CPD scheme and logging tool - Discounted Statement of Professional Standing - CPD events and webinars - Routes to achieve Chartered status - Careers and employability advice - Jobs board - ementoring programme - Access to our industry magazine online For further information about joining, and the benefits we offer visit libf.ac.uk/membership

11 Get Qualified, Advance your Career The preparation for CDCS and the case study on trade enriched my knowledge with useful information which helped me to solve the issues incurred at work quickly and firmly. CDCS helped me to get a salary raise and also a good reputation at the bank. Certificate in Customer Relationship Management (CertRM) CDCS has given me more ability to read any customs and rules well. It also made me change my position from document credit deputy manager to interior control deputy manager in my bank and participate in preparing checklists of reviewing document credit / letter of guarantees/ collections. CertRM helps Relationship Managers of Financial Institutions in at developing work. their skills on business planning, account portfolio management and further helping in building his competencies to act as a trusted advisor. Units CDCS recognises and confirms my expertise in this field. The skill and knowledge acquired through the qualification contributed to limiting errors related to daily works. CDCS helps me work in compliance with the CertRM is one of the few banking qualifications, standard banking practice that result in limiting confusion or unclear issues which is recognized as the benchmark Relationship Management (RELM) Learning Outcomes The commercial environment in which businesses operate Different types of business customer Relationship management principles Business plan analysis and the role of the relationship manager in business development and customer retention Business plans and portfolio management (including key account and portfolio planning) Assessment CertRM comprises two assessment components: 45-minute objective exam consisting of 30 multiple-choice questions Coursework assignment The exam can be taken at over 150 Pearson VUE centres nationwide with the result provided on the day qualifications for Relationship Managers, Product Managers and Financial Advisors. CertRM develops your ability to work with customers of varying complexity and ability to manage customers and situations and further increase your ability to work and study independently and utilize resources effectively.

12 Key Facts Comprehensive online study materials are provided Assessed through a multiple-choice exam and course work assignment On-demand exams in over 150 nationwide locations with same day results Upon completion, you are able to use the 'CertRM' designation after your name After completing CertRM & Progression Support You will be able to use the designation 'CertRM after your name for three years and be included on the CertRM Registry. You can renew your designation after three years by committing to an ongoing programme of continuing professional development (CPD) for maintaining and enhancing your knowledge in Relationship Management and Financial Advisory. Alternatively, if you prefer, you can register to resit the exam at the end of the three year period. Upon completing the recertification cycle five times, you will be designated 'CertRM Advocate'. CertRM provides a platform for continued study within the financial services sector and a wide range of other businessrelated disciplines. CertRM forms part of the Professional Diploma in Banking & Finance designation. CertRM has been designed to be relevant for those new to roles in business and commercial banking, and corporate relationship management, as well as for the more experienced relationship manager looking to improve knowledge. Completion of CertRM provides credit towards our Professional Diploma in Banking & Finance designation. Studying Preparation for the exam usually takes six months. CertRM is delivered as a blended learning qualification. Learners attend a combination of onsite classes supported with online learning to aid self study. Upon registration learners will be sent a detailed study text covering the syllabus and containing review questions and activities. A specimen paper is also available to download. In addition to printed materials, students will also receive online access to the study resources. 90% of students think all international trade finance organisations would benefit from more professionals taking Cert RM* Membership Membership of The London Institute of Banking & Finance provides you with access to a range of benefits that help you to maintain your skills and knowledge and demonstrate your commitment to professional standards. Membership Benefits - Access to our CPD scheme and logging tool - Discounted Statement of Professional Standing - CPD events and webinars - Routes to achieve Chartered status - Careers and employability advice - Jobs board - ementoring programme - Access to our industry magazine online For further information about joining, and the benefits we offer visit libf.ac.uk/membership

13 Get Qualified, Advance your Career Endorsed by the SWIFT Institute Certificate in Principles of Payments (CertPAY) The global financial services industry is constantly evolving and there has been an increasing focus on regulation and compliance in recent years. One important area which has seen many of these changes is payments. Despite the significance and systemic importance of payments to the global economy, there is a shortage of consistent, high quality educational material on the subject. The influence of innovation and technology on the payments industry has created an influx of entrants to the market, new delivery channels and an increase in competition. In such an environment, people are often the differentiator and knowledge gained through professional education can contribute to the success of a business. This new programme is designed to enhance the skills and understanding of anyone working in the sector including payments specialists, managers and operational, compliance and risk teams. CertPAY provides the global payments industry with an internationally recognised benchmark qualification that will assist organisations in developing their employees and providing assurance to their customers, partners and regulators. The qualification provides a solid foundation across the subject and is highly relevant to banks, other financial institutions and the everwidening market of Fintech providers. CertPay introduces students to the principles of payments, breaking down the complexities of global payments into easy to u n d e r s t a n d t o p i c s. T h e qualification also introduces students to common payment terminology and explores the technological innovation that shapes and drives the payment industry today. Michael Aragona Author, Principles of Payments Endorsed by the SWIFT Institute* Discover more at libf.ac.uk/certpay Units Learning Outcomes Assessment Unit 1 Principles of the Payments Industry (PPA) Unit 2 Payment Regulation, Risk & Compliance (PRC) The structure of the industry and the component parts of payments The economic value and systemic importance of payments The global infrastructure of payments Payment regulation and compliance The risks, data protection and system security associated with the payments industry *SWIFT Institute has not contributed to nor is responsible for the course content Single 85-minute exam split into the two units: Unit 1=35 multiple-choice questions (40 mins) 35 marks Unit 2=25 multiple-choice questions and two case studies each with 5 linked questions (45 mins) 35 marks

14 This new industry-focused programme enables you to develop specialist knowledge and skills relating to products, purpose, structure and inherent risks associated with payments. Available to study worldwide, CertPAY is suitable for anyone working in the sector including payments specialists, managers and operational, compliance and risk team members. If you are working in, or aspiring to work in the payments industry, completing CertPAY will demonstrate your knowledge and understanding of the sector, and provide a formal recognition of your professionalism. CertPAY enables professionals working in the global payments industry to attain an internationally recognised qualification. It will provide you with a comprehensive understanding of payments, from terminology to the mechanics of moving money across the globe, as well as compliance, risk, regulation, and strategy. Studying Our qualifications are designed for blended learning, providing the flexibility to study at an appropriate time and pace. We provide support through a range of comprehensive online and/or hardcopy learning materials. Additional learning materials will be offered dependent on the qualification. Progression Our qualifications are directly relevant for career paths and provide development in a number of different areas, as well as offering progression towards recognised Professional and Chartered designations. View all of our Professional Qualifications at libf.ac.uk/professional-qualifications Membership of The London Institute of Banking & Finance Membership of The London Institute of Banking & Finance is recognised worldwide as a symbol of professional excellence. Dependent on your level of study; there are various membership opportunities available. Membership Benefits: - Professional networking events - Online communities and discussion groups - KnowledgeBank The London Institute of Banking & Finance s e-library - Our industry magazine subscription - Jobs Board - Career support - Access to Continuing Professional Development (CPD) libf.ac.uk/membership Key Facts Registration is open year-round Comprehensive study materials are provided Multiple-choice exam assessment On-demand exams available internationally with same day results Upon completion, you are able to use the 'CertPAY' designation after your name Earn CPD learning hours / PDUs towards CDCS and CSDG Recertification PRIMARY AUTHOR Michael Aragona, Director, Global Transaction Banking Sales, Americas,Mizuho Bank, Ltd CONTRIBUTING AUTHOR Ruth Wandhöfer, Global Head of Regulatory & Market Strategy, Citi CHIEF EXAMINER Jane Barber, Senior Consultant, Payments, RBS TECHNICAL REVIEWER Neil Lover, Head of Payments & Financial Crime and Money Laundering Reporting Officer, Coventry BUILDING SOCIETY Stephen Lindsay, Head of Standards, SWIFT Karen Lines, Senior Business Consultant, The London Institute of Banking & Finance David Baker, Head of Card Payment Innovations Unit, The UK Cards Association Anita Heaviside, Head of Member Services, Payments UK Jonathan Jeffery, Director, Incontango Ltd.

15 CITF plays a key role for developing or consolidating knowledge for both beginners and experts in international trade which leads to a better understanding of the environment. CITF helps me to contact my suppliers with confidence and I am now in a position to demonstrate to my company/suppliers about the international trade activities and finance products available to meet our business requirements. Certificate in International Trade and Finance (CITF) The preparation for CDCS and the case study on trade enriched my knowledge with useful information which helped me to solve the issues incurred at work quickly and firmly. CDCS helped me to get a salary raise and also a good reputation at the bank. CDCS has given me more ability to read any customs and rules well. It also made me change my position from document credit deputy manager to interior control deputy manager in my bank and participate in preparing checklists of reviewing document credit / letter of guarantees/ collections. CDCS recognises and confirms my expertise in this field. The skill and knowledge acquired through the qualification contributed to limiting errors related to daily works. CDCS helps me work in compliance with the standard banking practice that result in limiting confusion or unclear issues at work. Certificate for Documentary Credit Specialists (CDCS) CSDG helped me to work on demand guarantee more confidently The CSDG qualification expanded my knowledge on guarantees, particularly around suretyships. Certificate for Specialists in Demand Gurantees (CSDG)

16 An Enterprise of t (0) 44+ f (0) 44+ e. 8th Floor, Peninsular House, 36 Monument St, London, EC3R 8LJ libf.ac.uk Registered Office: Exeed School of Business and Finance LLC, SHAMS, PO Box , Sharjah University City, Sharjah, UAE Campus: 2nd Floor, USA RTC, Al Tawun Area, Sharjah The London Institute of Banking & Finance is a registered charity, incorporated by Royal Charter.