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Banking Certificate in Fraud Risk Management


A Certified Bank Forensic Accountant is a person who works in banking or knows a lot about banking. They go through special training to become really good at understanding and solving problems related to frauds in banking, looking at financial records in the banking sector, helping in legal cases, and finding out more about financial issues.

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?

A Certified Bank Forensic Accountant (CBFA) is an employee of a banking or non-banking finance company, mutual fund, or 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 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 choice of topics. It is a powerful online training with a 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.

With more and more banking frauds happening and the news talking a lot about frauds in Punjab National Bank, CBFA certification is becoming important. Public Sector banks in India are facing a lot of trouble because many loans they gave out aren't being paid back. A lot of these loans turned bad because they didn't pay attention to signs that the borrowers were in trouble.

In 2006, Indiaforensic began offering this course as one of its first options. The Reserve Bank of India frequently advises on how to report fraud. These guidance documents from RBI are not included in the study material or syllabus, but bankers need to understand them to report incidents.

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 fraud but also discusses technology scams. It goes on to discuss some of the trending schemes of frauds like sim swap frauds, vishing, etc.

This certification is valuable because it can open up new opportunities in your career and show employers that you are skilled and knowledgeable in the world of banking fraud. So, if you're working in banking or aiming for a career in forensic accounting or fraud investigations, then getting certified by Indiaforensic can be a great way to stand out. CBFA helps you show that you're really good at what you do.

Once you pass the exam, you can put Certified Bank Forensic Accountant (CBFA) after your name. The exam has multiple-choice questions. Also, this course is thorough and covers everything from looking into fraud to understanding the market.

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 is priced at Rs. 25000, and it covers all your fees except for the re-examination fee. If you need to retake the exam, the fee for each attempt is Rs. 5000.
  • Every student can watch videos to learn and join live online classes with the instructor.

Syllabus for CBFA

The CBFA syllabus is very thorough. It includes many real-life examples of bank fraud. Also, we keep the curriculum up-to-date. The Live training program goes on for 6 weeks and covers 6 modules and 2 live case study sessions. Here are some topics you'll learn about in 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

The Study Guide for CBFA covers a lot of different topics. When you finish the course, you'll understand the taxonomies used for banking fraud and also learn how to gather important information about borrowers from different sources. Market intelligence is gathered from public domain searches and media posts.

Technology has changed things, even in banking. The bad guys who do fraud are getting better at it, and our certification course is also getting smarter. But we're keeping up with their tricks by offering video lessons. These videos will help you learn about the new ways fraud happens. The Certified eCommerce Fraud Specialist course is designed to align with the changing trends. This 40-minute 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.

First, you will go through self-paced learning and use the learning resources they give you. Then, you will take the exam. To pass the exam, you need to know basic ideas like financial analysis, investment banking, account management, retail banking, private banking, and wealth management.

Nikhil Parulkar leads the training sessions for the CBFA program. He has worked in banking and consulting for 18 years. He's an expert in forensics, fraud investigation, and training. Our trainer will personally guide you throughout the program.

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.

Investigating involves using certain methods and steps. The last two sections called Report Writing Skills and Litigation Framework will teach you the practical skills to finish Forensic Audits. Once you finish, you'll have what you need to do forensic accounting work. You'll also learn how to write investigation reports and do 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.

12 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.

  7. Janhavi K

    I was searching for the best certification in the banking sector as it’s the trending sector in India. I got to know about the Certified Bank Forensic Accountant provided by Indiaforensic. I registered for the certification. At first, I was in doubt that how will the course go. But it went on well. The live training session benefitted me as the trainer explained all the concepts in an understandable language. The trainer is very knowledgeable. I got to know about the different frauds and failures, the in detail investigation process. I suggest the candidates who are interested in the banking domain can register for this certification program.

  8. Umesh Natrajan

    After completing this certification course, it boosted my confidence in dealing with fraud risk. I highly recommend it to anyone looking to enhance their skills in fraud risk management within the banking sector.

  9. Vijaya Mahale

    This certification course is designed to equip professionals with practical tools and techniques that are developed to combat fraud in the banking industry. The report writing skills explained by the trainer were very amazing. This is the go-to certification for banking consultants in the banking fraud domain. The live training session are very beneficial.

  10. V Mathew

    The live training session provided were very interactive. As it is interactive it allowed for meaningful discussions and networking with industry peers. I also got in detail knowledge of the market intelligence techniques explained.

  11. Mohit S

    The course content developed is very useful and very easy to understand. Because of the live training session, it helped me to clear the exam. The trainer is highly qualified in this domain. He has a vast knowledge and understanding in this domain.

  12. Rohit Joshi

    Nowadays banking certificate is regarded as crucial for doing the employment in banking sector. As I am working in the banking sector I was thinking of doing something different, then I got to know about the Bank Forensic Certification provided by Indiaforensic. The certification course is well-curated as well as easy to follow.

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