BAFT EDUCATION
CERTIFICATE IN TRANSACTION
RISK FOR TRADE (CTRT)
DEVELOPING BUSINESS SOLUTIONS AND
PRESERVING THE SAFETY AND SOUNDNESS
OF THE GLOBAL FINANCIAL SYSTEM
BAFT | 1120 CONNECTICUT AVENUE, NW, WASHINGTON DC 20036 US | +1 (202) 663-7575 | BAFT.ORG | [email protected]
ii CERTIFICATE IN TRANSACTION RISK FOR TRADE (CTRT)
ABOUT THIS COURSE
BAFT’s Certificate in Transaction Risk for Trade Professionals (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. The CTRT is 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 3 years of experience who
have not yet received training in trade and trade products specifically related to risk management.
TOPICS COVERED
includes customer onboarding, documentation, and types of risk including trade finance,
compliance, operational, credit, reputational, jurisdictional, product, and legal.
WHO SHOULD ATTEND
Sales and Product Managers, Relationship Managers, Credit and Compliance Officers Credit,
Compliance, and other risk officers. Including, Associates, Analysts, Interns, and new hires,
involved in financing trade.
Format: On-Demand via the BAFT Learning Management System
Total Time: 7 Hours, self-paced
Assessment: 50 Multiple Choice Questions; 80% to Pass including a Final
Exam case study
Award: Certificate in Transaction Risk for Trade (CTRT)
Date of Creation: November 2020
Level: Mid Level
Fees: Members: $799
Non-Members: $999
(Group discounts available)
Register: baft.org/baft-education/CTRT
WHAT YOU WILL LEARN
Participants will gain a high-level understanding of the key transaction risks associated with
trade products including credit, operational, reputational, compliance, and jurisdictional.
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 US 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.
CTRT provides an essential risk foundation for the early career
professional or seasoned banker looking to transition to a career
in Trade. It fills a current training void in the space by providing
a fundamental but broad overview of key risk considerations
that are sure to enhance the student’s ability to more effectively
perform in the dynamic and everchanging world of Trade.
ANDY J. ARDUINI, SENIOR VICE PRESIDENT & GROUP HEAD, HUNTINGTON NATIONAL BANK
BAFT Education iii
Building a career with a solid fundamental understanding of
the multitude of potential risks and risk mitigation techniques
is an absolute necessity for a successful tenure in trade and
more broadly in transaction banking.
STACEY FACTER, SENIOR VICE PRESIDENT, TRADE PRODUCTS, BAFT
iv CERTIFICATE IN TRANSACTION RISK FOR TRADE (CTRT)
WHY THIS
CERTIFICATE
• Only course dedicated to all areas of risks • CTRT has global application and is benchmark
associated with trade transactions training for the entire trade industry
• Increase the speed of on-boarding and • Final Exam case study that takes the student
training in a fast paced banking environment through a trade transaction from the point of
view of the exporter, importer, and banker
COURSE OVERVIEW
COURSE: INTRODUCTION TO TRANSACTION RISK
Understanding risk adjusted returns / cost basis and how and why you assess / price/
transactional risk / Cost benefit analysis.
COURSE II: CUSTOMER ONBOARDING
Onboarding includes those prerequisite steps necessary to establish an account relationship;
lending, depository or other product type, between a financial institution and an unaffiliated
commercial entity including Regulatory Compliance Review, Credit Underwriting & Approvals,
Account Opening Documentation and understanding Profitability Metrics
COURSE III: DOCUMENTATION FOR TRANSACTION
Traditional Trade Finance is an intricate specialty finance product that relies on underlying
documents, which are specific for each transaction. All documentation must be checked for
conformity and must be mutually consistent with each other. Therefore, it is necessary for a
trade finance professional to be familiar with the underlying transaction documentation. This
session also provides information on electronic and digitization of documents.
BAFT Education v
COURSE IV: UNDERSTANDING TYPES OF TRANSACTIONAL RISK
Understand the different types of transaction risk - compliance, credit, commodity, legal, etc.,
and how to identify the risks associated with not only classical trade products, but also open
account, supply chain finance; pre-export financing, and distribution of the products in the
secondary market.
COURSE V: TRANSACTION RISK CASE STUDY
Illustrated through a case study to show the complex issues and challenges one should
consider in managing the various risks in trade finance transactions covered in Courses I-IV.
The student is taken through end-to-end cycle of a transaction from the viewpoint of the
importer, exporter, and their respective banks.
INSTRUCTORS
Craig Weeks
Mr. Weeks is an independent banking consultant, lending his expertise to
organizations in regards to trade finance, supply chain, and transacting banking
operations. Craig has over 35 years of experience, with a significant portion spent
with JPMorgan, where he served as head of MD and Global Trade Sales. In addition,
Craig serves as an advisor to the Global Trade Professionals Alliance, as well as an
Executive Practicum Adviser within the North Carolina State University Supply
Chain Resource Cooperative (and a member of the SCRC Advisory Board). In March
2019, Craig was appointed to the Trade Finance Advisory Council of the U.S.
Department of Commerce.
Alexander Malaket
Mr. Malaket is a consultant in international trade, trade financing and trade-related
international development. President of OPUS Advisory Services International Inc.,
based in Canada. Alexander is the author of “Financing Trade and International
Supply Chains” (UK, 2014), Deputy Head of the Executive Committee, ICC
Banking Commission (Paris), and a member of various international boards and
industry associations.
