Much has been said about the changing role of treasury in recent years as many treasury professionals expand their remit and engage with a wider range of internal and external counterparts. What has been discussed less regularly is how these expanding responsibilities impact on the skill sets that treasury professionals need to maintain to satisfy them. This issue is relevant not only to a treasurer’s ability to fulfil his or her current position, but also how treasury professionals position themselves for their next career move in a competitive marketplace. Furthermore, how does treasury need to change in a rapidly changing business environment?
In this article, we talk to two highly respected recruitment consultants who specialise in treasury: Mike Tucker, Director, MR Recruitment and Deborah Thomas, Partner, Gowerbridge Ltd. These professionals are joined by Will Spinney, Associate Director, Education, and James Lockyer, Development Director of the Association of Corporate Treasurers (ACT), the UK membership association for treasury professionals, and premier provider of treasury education, training and events.
All change and no change
Many treasurers are experiencing dual pressures: on one hand, the renewed focus on liquidity and risk in their organisation means that core disciplines of treasury have never been more important; on the other, they are expected to expand their remit into new areas that require new skill sets. As Will Spinney, ACT outlines,