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International trade is crucial for the economic health of almost every nation and is notably complex. Importers, exporters, and banks within the trade finance ecosystem face numerous – and increasingly challenging – risks that can arise in various forms and at different stages of a transaction life cycle. Fraud is one such risk.

Digitalisation is set to aid banks in managing these risks, yet it will also introduce new challenges. The rising demand for environmentally sustainable and socially responsible supply chains will further increase the vulnerabilities for banks and their clients. 

In response to these rapid changes in the industry, the London Institute of Banking & Finance (LIBF) has developed the Level 4 Certificate in International Trade Risk (CITR)

This certificate offers a comprehensive overview of the risks faced by importers, exporters, and banks in international trade, and provides detailed explanations of the terms, roles, and products fundamental to the sector.

Alex Gray, Director of Trade and Transaction Banking, commented, “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”

Participants who complete the CITR will be prepared to handle a variety of risk-related scenarios. The certificate is designed for experienced professionals aiming to demonstrate their skills, as well as for those who are developing their capabilities.

The CITR was created with input from trade finance experts globally. It focuses on real-world scenarios and case studies to ensure that the theoretical knowledge is applicable to everyday challenges in trade finance.

The course structure is modular and available through state-of-the-art flexible learning options. The content of the modules is regularly updated to reflect new trends and regional changes.

Course attendees become members of LIBF (MLIBF), gaining access to benefits such as discounts, professional networking events, career support, and the Knowledge Bank virtual library.

Graduates of the course earn the CITR designation and can accrue continued professional development (CPD) learning hours or personal development units (PDUs), which can contribute towards other qualifications such as the Certificate for Documentary Credit Specialists (CDCS), the Certificate for Specialists in Demand Guarantees (CSDG), and the Certificate in Supply Chain Finance (CSCF). Exams are flexible, with results available on the same day, and registrations are accepted throughout the year.

For further details, or to register a group of employees for CITR, contact: