International trade is fundamental to the economic wellbeing of almost every country in the world and inherently complex. The importers, exporters and banks in the trade finance ecosystem are exposed to many – and increasingly challenging – risks that can appear in various forms, and at different stages, in a transaction life cycle. The risk of fraud is one of them.
Digitalisation will help banks tackle risk, but it will also open up new ones. The increasing requirements for environmentally sustainable and socially responsible supply chains will further expose banks and their clients to fresh threats. Because the industry is changing fast, LIBF has put together the Level 4 Certificate in International Trade Risk (CITR). CITR provides a holistic view of the risks that importers, exporters and banks are exposed to in international trade, as well as explanations of the terms, roles and products that underpin it.
"Trade professionals today face a wider array of risks than ever before. CITR addresses these evolving risks by providing up-to-date knowledge and practical skills. It’s aligned with the latest trends in the global trade sector, ensuring that professionals are well-equipped to handle the complexities of international trade risk."
Alex Gray
Director of Trade and Transaction Banking
Students who complete CITR will be able to address a wide range of risk-related scenarios. It is designed for both seasoned professionals who want to be able to demonstrate their skills, and for those who are developing them.
CITR was developed with contributions from trade finance experts from around the world. It emphasises real-world scenarios and case studies to ensure that the technical know-how is directly applicable to day-to-day challenges in trade finance.
The course is modular and available via cutting-edge flexible learning options. The modules will be constantly adapted and updated to reflect new developments and regional changes.
Students on the course become members of LIBF (MLIBF), which brings access to benefits including discounts, professional networking events, careers support and access to the Knowledge Bank virtual library.
Those who have completed the course can use the CITR designation and earn continued professional development (CPD) learning hours or personal development units (PDUs) that can count towards other qualifications including the Certificate for Documentary Credit Specialists (CDCS), the Certificate for Specialists in Demand Guarantees (CSDG) and the Certificate in Supply Chain Finance (CSCF). Exams can be taken at times that suit the student and results are available the same day. Registrations are open all year round.
For further details, or to register a group of employees for CITR, contact: trade@libf.ac.uk
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