CAFBA believes that a commercial finance broker is a professional, and must maintain standards to provide the best outcomes for their clients. Membership of CAFBA requires not only minimum education standards but also the annual requirement of obtaining 20 Continuing Professional Development hours. CAFBA sees education as the key to professionalism
A core strategy of CAFBA is to expand its professional education program, which will be used to attract new and more diverse entrants to the profession by offering a number of credentials and a structured career path into and through the commercial and asset finance profession. In April 2018 CAFBA launched the Certificate IV in Financial Services (FNS41815): Specialising in Commercial & Asset Finance. This program is ideally suited for people seeking to work as finance professionals, specialising in the commercial and asset finance space, but also experienced finance professionals who want to increase their knowledge. CAFBA is now finalising the Diploma in Financial Services: Specialising in Complex Issues in Commercial & Asset Finance which will be launched soon, and will provide a more in-depth analysis of the knowledge required to practice in this profession. These courses are delivered through the Institute of Strategic Management.
CAFBA is also working on adapting the US post nominal of a Certified Lease and Finance Professional (CLFP) for Australia, which is the internationally recognised qualification in our profession.
In addition to these educational courses, CAFBA regularly holds professional development days, whereby members can attend and hear from experts on many relevant topics. CAFBA also provides regulatory and industry updates in their monthly bulletin called the Commercial Insider, or more regularly as required.
CAFBA also provides training programs through AAMC and CreditWise, which have a suite of relevant subjects that members can access online or face to face, which assists development and also provides content for CPD hours. AAMC also provides various courses on Anti Money Laundering (AML), as it is a requirement of membership that members undertake one of these courses every two years. CAFBA also provides access to members to participate in webinars conducted by its affiliate members on relevant topics.
CAFBA is committed to the ongoing training and development of its members.