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Banking Certificate in Fraud Risk Management

(6 customer reviews)


Certified Bank Forensic Accountant is a banker or a banking professional or a banking consultant who has undergone training to become an expert in the banking frauds domain, forensic auditing related to banking sector, litigation support and investigative accounting.

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The banking sector is one of the highest employment generators in the Indian services sector. Banking certification is crucial for getting employment in banks. Banking professionals have diverse roles and responsibilities based on their designations. Many in the credit teams do financial planning or financial modeling. Few are financial analysts.

But there are some roles for risk assessment. They perform due diligence on borrowers and identify the red flags of fraud in the borrower accounts. They are Certified Bank Forensic Accountants.

Who is CBFA?

Certified Bank Forensic Accountant (CBFA) is an employee of a banking or non-banking finance company, mutual fund, fintech company professional, or consultant who has undergone training to become an expert in the domain of forensic accounting in the banking sector. They are also experts in the subjects like forensic auditing, litigation support, and investigative accounting.

Typically Certified Bank Forensic Accountants work with the Fraud Control Unit or Risk Containment Units of the banks. They have a background of working as loan officers or tellers in banks. Certified Bank Forensic Accountant is becoming a preferred banking certification because of its selection of topics. It is a powerful online training with certificate.

It is important to note that, CBFA is one of the foremost certification courses in forensic accounting, curated by Indiaforensic and presented by Riskpro Learning, and focuses on frauds in banking and financial institutions.

In the wake of the growing banking frauds and the media coverage of the frauds in Punjab National Bank, CBFA is becoming important certification. Public Sector banks in India were found to be under significant pressure of growing non-performing assets. Many of these loans were due to the negligence of the growing indicators of the stress on the borrower accounts.

Starting in 2006, this was one of the first offerings from Indiaforensic. Reserve Bank of India regularly issues guidance on how to report fraud. These RBI master circulars don’t form part of the study material or the syllabus but the bankers need to understand them to report the incidences.

Certified Bank Forensic Accountant

Bank fraudsCBFA is a designation curated by the Indiaforensic Center of Studies and presented by Riskpro Learning with a presence in more than 7 countries including Nigeria, Oman, Qatar, UAE, Uganda, and others.

Certified Bank Forensic Accountant is a unique certification that offers several benefits to aspirants. It not only restricts itself to loan frauds but also discusses technology scams. It goes on to discuss some of the trending schemes of frauds like sim swap frauds, vishing, etc.

On successful completion of the examination, aspirants can add the title of Certified Bank Forensic Accountant (CBFA) after their name. The examination consists of multiple-choice questions. Not to mention, this course is exhaustive and covers all the aspects from Fraud Investigation to market intelligence.

Features of the Banking Certification Course

  • Interactive and digital learning experience course
  • Assessed by an online exam comprising 100 multiple choice questions with a pass mark of 75%.
  • Examinations can be taken at any time. Results will be available immediately. Learners also have the option to re-take the exams three times on un-successful attempts;
  • The module costs Rs.25000 but it includes all your fees except the re-examination fee. Re-examination fees are Rs.5000 per attempt.
  • All students will have access to a video learning course repository and online live sessions by the instructor.

Syllabus for CBFA

The syllabus of CBFA is exhaustive. And it covers a wide number of practical case studies on bank frauds. Moreover, the curriculum is dynamic and we update it frequently. 6 weeks of Live training programs covers 6 modules and 2 live case study sessions. Following are some topics covered in the syllabus of the Certified Bank Forensic Accountant Program:

  • Introduction to Forensic Accounting
  • Fraud and Failure (BFSI Sector)
  • Investigative process
  • Advanced Investigative Techniques
  • Report Writing Skills
  • Litigation Framework

A wide range of topics is covered in the Study Guide for CBFA. After completion of the course, the professionals would get a thorough understanding of the terms associated with fraud in the banking industry in addition to market intelligence techniques.

With the advent of technology, types of bank fraud have evolved. Fraudsters are becoming smarter and so is our certification course. But to match the fraud trends, we offer video learning program modules. The Certified eCommerce Fraud Specialist course is designed to align with the changing trends. These 40 Minutes training course covers topics on credit card fraud, wire transfer fraud, e-commerce fraud, etc.

Live Training Sessions

The Certified Bank Forensic Accountant program offers 30 hours of live training sessions. Experienced professionals lead these sessions. The live training session is for 2 months. It is followed by self-paced learning coupled with the learning resources provided. After that, the aspirants will appear for the examination. It is necessary to have a basic knowledge of concepts like financial analysis, investment banking, account management, retail banking, private banking, and wealth management to successfully complete the examination.

Nikhil Parulkar conducts the training sessions for the CBFA program. He has 18 years of experience in the banking and consulting domain. Additionally, he has expertise in forensics, fraud investigation, and training. All personal guidance will be provided by our trainer.

Banking Certification to add value to your profile

Upon completion of the program, the aspirants gain knowledge of forensic accounting, fraud investigation, and also the perspective of the BFSI Sector. One will be able to undertake forensic analysis and the assessment of risk factors. It also involves the combination of analytical skills like investigative measures, investigative processes, and market intelligence gathering.

There are systems and methodologies involved while doing the investigation process. The last two modules viz Report writing skills and Litigation Framework will offer the practical skillset needed to close or complete Forensic Audits.
Upon completion, candidates have the tools and competencies to drive forensic accounting assignments. In addition to investigative report writing and performing due diligence.

Contact Us

Please feel free to call us at +91-9766594401 or write to us at education@indiaforensic.com


Additional information

Batch Size

Every batch consists of 10-15 students only. Once the registrations reach 15, registrations are closed.

Batch Timing

Since the course is designed for the working professionals, the batch timings are scheduled on weekends for the straight 2 Months. The live training is typically conducted on Saturday and Sunday, 2 hours each. Aspirant will get the timing details accordingly.

Next Batch Starts on

Next Batch of Certified Bank Forensic Accountant course will commence on 10th July'2021. The live session would be conducted by Nikhil Parulkar, a seasoned banker with experience of more than 20 years in banking risk management sector.

6 reviews for Banking Certificate in Fraud Risk Management

  1. Harsh Bangar

    It’s an amazing course. It’s easy to read the news and say how it could have happened. Experienced trainers with practical insights make you understand things beyond the news. This process of reading between the lines is also market intelligence. Thank you, Indiaforensic team, Nikhil Parulkar for putting together a novel and a brilliant course. Its worth doing the course for the sake of understanding the market intelligence.

  2. Manoj Pandey

    It’s an amazing course. It’s easy to read the news and say how it could have happened. Experienced trainers with practical insights make the course remarkable. Thank you Indiaforensic team for putting together a novel and a brilliant course. I would recommend this course for every RCU or FCU team member

  3. Ahamad A

    This is an excellent course I will recommend to banking professionals, and consultants in the domain of forensic accounting in the banking sector working in the field of Fraud to learn this course. It will help them to sharpen their knowledge and build them industry ready for investigating new age frauds.

  4. Janamdas Murugan

    The content of the course that is developed is very apt and useful in day-to-day working. Nikhil Parulkar (the trainer) gives a real-life case study example that helps to better understand the concepts thereby enhancing the required skills. I would like to thank the Indiaforensic team for making this learning experience extremely valuable for my professional growth. We need mopre such banking certifications.

  5. V Vishwanathan

    This course is phenomenal, I really have very much enjoyed learning this course as it was my first time studying this course. The learning experience was absolutely fantastic. I got a thorough understanding of fraud that takes place in the banking sector. I was amazed to understand the relevance of Market Intelligence in today’s growing financial crimes in banks. It gave me a lot of insight and helped to focus my learning direction in terms of what I want to learn more about as I progress.

  6. Aarathy S

    We attended the course in the live classroom format. The trainer was super knowledgeable. I have also undergone RCU training inside the bank. But now the scope of RCU and FCU activities is getting restricted to a few dashboard activities. If the employees really need to go beyond the dashboards and vendors this is the course for you.

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