Top 11 Treasury Analyst Certifications

Certifications are an important part of the job market for treasury analysts, as they demonstrate a mastery of the skills and knowledge necessary to perform the duties required in this profession. Certified Treasury Analysts have a comprehensive understanding of cash management, financial reporting, accounting principles, and risk management. They also possess strong analytical skills that allow them to analyze financial data and make informed decisions for their organizations. A certification provides assurance to employers that a candidate has met the rigorous standards established by the certifying organization and is well-prepared to handle their treasury analyst duties. Furthermore, it demonstrates a commitment to professional growth and development which can be attractive to potential employers.

This article reviews some of the top certifications for Treasury Analysts, and explains how they can contribute to a treasury analyst's career.

What are Treasury Analyst Certifications?

Treasury analyst certification is a professional credential that demonstrates an individual’s expertise in the field of treasury management. Treasury analysts are responsible for managing corporate cash flow, investments, and other financial activities. The certification is designed to equip analysts with the skills and knowledge necessary to effectively manage a company’s finances.

The certification requires completing a rigorous curriculum that covers topics such as cash management, asset management, banking systems and regulations, global finance and risk management. It also includes training in financial statement analysis and forecasting techniques.

By obtaining treasury analyst certification, professionals can demonstrate their commitment to the profession and their expertise in the field. This can help them stand out from other candidates when applying for jobs or promotions within their organization. Additionally, it can provide access to higher salaries and more opportunities for career advancement. Finally, having this certification may make it easier for professionals to gain recognition from their peers in the industry or expand their network of contacts.

Pro Tip: When pursuing a treasury analyst certification, make sure to focus on the key areas of expertise that are required for the job. This includes financial analysis and forecasting, cash management, debt management, investment banking, and capital markets. Additionally, be sure to hone your communication skills as this is essential in any role involving finance and economics.

Related: What does a Treasury Analyst do?

Top 11 Treasury Analyst Certifications

Here’s our list of the best certifications available to Treasury Analysts today.

1. Certified Treasury Professional (CTP)

Certified Treasury Professional (CTP) is a professional certification program offered by the Association for Financial Professionals (AFP). It is designed to recognize individuals who demonstrate mastery of the core concepts of treasury management. The CTP designation is recognized as the global standard for treasury excellence and is held in high esteem by employers around the world.

The CTP certification process consists of two parts: an online assessment and a written exam. The online assessment consists of multiple-choice questions that assess knowledge in five key areas: cash management, investments, risk management, international finance, and technology. The written exam focuses on treasury operations and requires applicants to demonstrate their ability to apply their knowledge to real-world situations.

To become certified, applicants must pass both parts of the exam with a score of at least 70%. After passing both parts, applicants must also complete four years of relevant work experience in order to be eligible for certification.

The cost to take the CTP examination varies depending on whether you are an AFP member or non-member. For members, it costs $450 USD while non-members pay $650 USD.

2. Certified Government Financial Manager (CGFM)

Certified Government Financial Manager (CGFM) is a professional certification program offered by the Association of Government Accountants (AGA). It is designed to recognize individuals who have achieved a high level of competence in government financial management. The CGFM designation is intended to demonstrate that an individual has the knowledge and skills necessary to manage public sector financial resources effectively.

The CGFM program consists of three exams: Governmental Environment, Governmental Accounting and Financial Reporting, and Governmental Budgeting and Fiscal Management. Each exam must be passed in order to obtain the certification.

To become certified, you must meet certain eligibility requirements, such as having a bachelor’s degree from an accredited college or university and two years of full-time professional experience in government financial management. You also need to submit an application form with supporting documentation and pay the application fee.

The total cost for obtaining the CGFM certification varies depending on how many exams you take at once. The cost for taking all three exams at once is $1,095; if you take one exam at a time, it costs $495 per exam. It typically takes about six months to complete all three exams and obtain the certification.

3. Certified Public Finance Officer (CPFO)

Certified Public Finance Officer (CPFO) is a professional certification program offered by the Government Finance Officers Association (GFOA). The CPFO program recognizes individuals who have demonstrated knowledge and experience in public finance management. The program is designed to provide current and aspiring public finance professionals with the skills and knowledge necessary to ensure sound financial management of public funds.

It typically takes about 18 months to complete the CPFO program, depending on an individual’s prior experience and education. To become certified, applicants must complete a series of courses, pass an exam, and meet specific requirements for continuing education.

The cost of the CPFO program varies depending on the number of courses taken and whether or not you are a GFOA member. Generally speaking, it costs around $1,000 for non-members and $800 for members.

In addition to coursework, applicants must also complete a capstone project that demonstrates their ability to apply their knowledge in a real-world setting. This project must be approved by the GFOA before they can become certified.

4. Chartered Financial Analyst (CFA)

Chartered Financial Analyst (CFA) is a professional designation awarded by the CFA Institute, an international association of investment professionals. It is one of the most respected and recognized credentials in the financial services industry. The CFA program is designed to provide a comprehensive understanding of the global capital markets and their associated investment instruments, as well as ethical and professional standards for investment practitioners.

The CFA Program consists of three levels of exams that must be completed over a period of two to four years. Each level requires approximately 300 hours of study time, including self-study, group study, and review courses. The topics covered in each exam include economics, accounting, portfolio management, security analysis, corporate finance, equity investments, fixed income investments, derivatives investments and alternative investments.

To become a CFA charterholder you must pass all three levels of the CFA exam within four years and have at least four years of qualified work experience in an investment-related role. You must also agree to abide by the CFA Institute Code of Ethics and Standards of Professional Conduct.

The cost to register for the CFA Program varies depending on when you register for each level’s exam but typically ranges from $1,000 - $2,500 USD per level plus additional fees for registration materials such as textbooks or review courses.

5. Certified Internal Auditor (CIA)

Certified Internal Auditor (CIA) is a professional certification offered by the Institute of Internal Auditors (IIA). It is designed to recognize individuals who have achieved a high level of proficiency in the internal auditing field. The CIA certification is one of the most widely recognized and respected credentials for internal auditors.

To become a Certified Internal Auditor, you must meet certain educational and experience requirements and pass three exams administered by the IIA. The exams cover topics such as risk management, audit processes, financial reporting, and internal control systems. The exams are offered twice a year at various locations around the world.

The entire process typically takes between six months to two years to complete depending on an individual's background and preparation. To get started, you must first join the IIA as a member and then register for the CIA program. Once registered, you can access study materials and practice tests online or purchase them from the IIA bookstore.

The cost to become certified varies depending on your membership status with the IIA. If you are not already an IIA member, then it will cost $450 for membership plus $825 for registration fees for each part of the exam ($2,475 total). If you are already an IIA member, then it will cost $825 per part of the exam ($2,475 total). In addition to these fees, there may also be additional costs associated with taking practice tests or purchasing study materials from third-party providers.

6. Certified Cash Manager (CCM)

Certified Cash Manager (CCM) is a professional certification program offered by the Institute of Financial Operations. It is designed to recognize individuals who demonstrate an advanced level of knowledge and proficiency in the field of cash management. This certification is intended for those working in treasury, finance, accounting, and related fields.

The CCM program consists of a series of courses covering topics such as cash flow forecasting, banking relationships, financial analysis, risk management, and more. The program also includes a final exam that must be passed in order to receive the certification.

It typically takes between 6-12 months to complete the CCM program depending on how much time you are able to dedicate to studying each week. To get started, you will need to register with the Institute of Financial Operations and pay a fee which covers the cost of materials and access to online resources. The current cost for registration is $1,495 USD. Once registered you can begin taking courses at your own pace or attend classes held at various locations around the world.

Upon successful completion of all coursework and passing the final exam you will receive your Certified Cash Manager designation from the Institute of Financial Operations.

7. Financial Risk Manager (FRM)

Financial Risk Manager (FRM) is a professional certification offered by the Global Association of Risk Professionals (GARP). It is designed to provide a comprehensive understanding of financial risk management tools, techniques and best practices. FRM certification is globally recognized as the benchmark for measuring the knowledge and expertise in financial risk management.

The FRM program consists of two levels: Level I and Level II. To become an FRM, candidates must pass both exams within four years. Each exam consists of 100 multiple-choice questions and lasts four hours.

To get started with the FRM program, candidates must first register with GARP, pay the registration fee ($850 for one level or $1,700 for both levels), and then complete the online application process. Candidates can then purchase study materials from GARP or other providers to help them prepare for their exams.

The cost of the FRM program varies depending on how many levels you take, but it generally ranges from $850-$1700 USD for each level. Additionally, there are often discounts available for early registration or group enrollment.

8. Accredited Treasury Professional (ATP)

Accredited Treasury Professional (ATP) is a professional designation offered by the Association for Financial Professionals (AFP). It is designed to recognize individuals who have achieved a high level of expertise in the field of corporate treasury management. The ATP designation is awarded to those who demonstrate their knowledge and understanding of the principles and practices of corporate treasury management, including cash management, investments, risk management, foreign exchange, and financial planning.

It typically takes three to six months to complete the requirements for obtaining an ATP designation. To become an Accredited Treasury Professional, you must pass a two-part exam administered by the AFP. The first part covers general treasury topics such as cash management, investments, risk management and financial planning. The second part covers more advanced topics such as foreign exchange and derivatives.

To prepare for the exam, applicants must complete an approved course or self-study program that covers all of the required topics. Applicants must also have a minimum of two years of relevant experience in corporate treasury or finance. Additionally, they must be members in good standing with AFP and submit a completed application form along with supporting documentation prior to taking the exam.

The cost for obtaining an ATP designation varies depending on whether you take a course or self-study program to prepare for the exam. Courses typically range from $1,000-$2,500 while self-study programs range from $200-$400. Additionally, there is an application fee of $100 and an examination fee of $350 that must be paid before taking the exam.

9. Institute of Financial Operations’ Certified Accounts Payable Professional (IAPCP)

The Institute of Financial Operations’ Certified Accounts Payable Professional (IAPCP) is a professional certification program designed to recognize individuals who have achieved a high level of proficiency in accounts payable operations. The IAPCP certification is based on the body of knowledge developed by the Institute and validated through a rigorous exam process.

It typically takes about six months to complete the IAPCP certification program, depending on how much time you are able to dedicate to studying and preparing for the exam. To get certified, you must first submit an application form and pay the required fee. Once your application is accepted, you will be given access to study materials and practice exams. You will then need to complete a series of online courses and pass the final exam with a score of 70% or higher.

The cost of the IAPCP certification program varies depending on whether you are an individual or part of an organization. For individuals, it costs $450 for members and $550 for non-members. For organizations, it costs $900 for members and $1,100 for non-members.

10. Association for Financial Professionals’ Certified Treasury Professional Exam (AFP-CTP)

The Association for Financial Professionals’ Certified Treasury Professional Exam (AFP-CTP) is a professional certification designed to demonstrate a high level of knowledge and expertise in the field of treasury management. The exam covers topics such as cash and liquidity management, financial risk management, working capital management, investments, and international finance. It is administered by the Association for Financial Professionals (AFP), an international professional organization that provides education and resources to treasury professionals.

The AFP-CTP exam consists of 150 multiple-choice questions that must be completed within three hours. To pass the exam, candidates must score at least 70% on each section. The exam is offered twice a year in April and October at authorized testing centers around the world.

To become certified as a CTP, applicants must have at least two years of full-time experience in treasury or related fields. Candidates may also qualify if they have completed an approved training program or have earned a degree in finance or accounting from an accredited college or university.

The cost of taking the AFP-CTP exam varies depending on where you live and your membership status with AFP. For non-members, the fee is $395 USD; for members, it is $295 USD; and for students, it is $195 USD.

In addition to passing the exam, candidates must also complete an ethics course before they can receive their certification from AFP. Upon successful completion of all requirements, CTPs will receive a certificate from AFP recognizing their achievement as well as access to exclusive resources such as networking events and continuing education opportunities.

11. International Association of Credit and Collection Professionals’ Certified Credit and Collection Compliance Officer (CCCOC).

The International Association of Credit and Collection Professionals’ Certified Credit and Collection Compliance Officer (CCCOC) is a professional certification designed to recognize individuals who have demonstrated a high level of knowledge and experience in the field of credit and collection compliance. This certification is intended to help employers identify qualified professionals who can ensure that their businesses are compliant with applicable laws, regulations, and industry standards.

To become certified as a CCCOC, an individual must have at least three years of experience in credit and collections compliance, pass an exam administered by the International Association of Credit and Collection Professionals (IACC), and meet other requirements set forth by the organization. The exam consists of multiple-choice questions covering topics such as consumer protection laws, debt collection practices, dispute resolution processes, credit reporting regulations, fair lending principles, bankruptcy law, privacy regulations, and other related topics.

The cost for the CCCOC certification is $495 USD for members of IACC or $595 USD for non-members. The exam takes approximately two hours to complete. After passing the exam, individuals will receive their official CCCOC certificate from IACC within six weeks.

In addition to the initial certification fee, there is also an annual renewal fee of $150 USD for members or $200 USD for non-members. Renewal fees are due each year on the anniversary date of when you first obtained your CCCOC certification.

Do You Really Need a Treasury Analyst Certificate?

The answer to this question depends on the individual and their desired career path. A treasury analyst certificate can be beneficial for those looking to enter the field of finance and accounting, as it provides a recognized credential that demonstrates knowledge and expertise in financial management. It can also be useful for individuals who are already working in a related field, as it can provide additional technical knowledge that could help them further their career.

However, not everyone needs to get a treasury analyst certificate. Depending on the type of job one is looking for, other qualifications may be more important than having a certificate. For example, some employers may value experience or education more than having a treasury analyst certificate. Additionally, some jobs within the finance and accounting sector may not require any specialized training at all. Therefore, it is important to evaluate one’s own skills and interests before deciding if they need to get a treasury analyst certificate or not.

Related: Treasury Analyst Resume Examples

FAQs About Treasury Analyst Certifications

1. What is a Treasury Analyst Certification?

Answer: A treasury analyst certification is a professional designation that demonstrates advanced knowledge and experience in the field of treasury management. It is designed to provide an individual with the skills and knowledge necessary to manage complex financial transactions, analyze potential investments, and analyze the performance of financial instruments.

2. How do I become a Certified Treasury Analyst?

Answer: To become a certified treasury analyst, you must complete an approved certification program from a recognized organization such as the Association for Financial Professionals (AFP). The program typically includes courses in accounting, finance, economics, risk management and other topics related to treasury management.

3. What are the benefits of becoming a Certified Treasury Analyst?

Answer: Becoming a certified treasury analyst can open up numerous job opportunities in the financial sector. It enables individuals to demonstrate their expertise in areas such as cash flow analysis, foreign exchange risk management, and capital markets trading. In addition, it can also be helpful in obtaining higher salaries or promotions within an organization due to its recognition by employers.

4. How long does it take to become a Certified Treasury Analyst?

Answer: The length of time required to become a certified treasury analyst depends on your level of experience and the specific program you choose to pursue. Generally speaking, most programs require at least one year of study before you are eligible for certification.

5. Is there an exam required for becoming a Certified Treasury Analyst?

Answer: Yes, most certification programs require candidates to pass an examination administered by the certifying organization in order to receive their certification status. This exam tests your ability to apply knowledge learned during training and assesses your understanding of various aspects of treasury management including cash flow analysis, risk management strategies and capital markets trading techniques.