Titles in Treasury Updated 2011-2012

Mike Richards, MD
MR Recruitment

The treasury industry has specialized recruiters with a vast knowledge of the treasury profession and impressive track record and networks. One of them is MR Recruitment with front figures Mike Richards and Mike Tucker. They are really experts in their field and we are particularly impressed they manage to cover almost all corners of the world. If there is someone knowing the global recruiting trends in treasury it is these two Mikes. When we met recently we discussed trends in recruiting and the MR Recruitment's salary survey. 

As part of that survey is their definition of someone’s official job title. When they review the information of the participant in the survey they have to consider factors such as:

• how many people report into them
• how long someone has worked in Treasury
• what size of treasury department does someone work in
• the size of company and how this affects the complexity of the treasury operation

They therefore have to sometimes reclassify someone’s official title using the following guidelines:

Secret Mike

Group Treasurer

• Head of the Treasury Function
• Reports directly to the CFO / FD
• Potentially on the board of the treasury entity or similar
• Is ultimately responsible of all treasury operations of the group

Deputy Treasurer

There is often only one Deputy Treasurer. They will be the clearly defined second in charge of the treasury department they will be the absolute Deputy for the Group Treasurer. As deputy they have the same “sign-off” capability that the Treasurer possesses and would be expected to act in their stead whenever needed, whereas an Assistant Treasurer would be expected to refer many major decisions to / through their Group Treasurer.

Assistant Treasurer

Often there are two Assistant Treasurers in the group. Typically one may focus on front office activity and supervision of the operations team and the other Assistant Treasurer will oversee treasury control and the middle / back office functions.

International / Regional Treasurer

This position often has a number of similarities to that of Deputy Treasurer however they will usually report into a Global / Group Treasurer and will not be number two in the overall group treasury function. It will be considered a senior treasury role but they will have specific responsibility for an area linked to geography, global financial markets, group risk etc.

Mike Tucker, director
MR Recruitment

Typically from then the following are titles with linked responsibility areas:

• Treasury Manager
• Cash Manager
• Treasury Dealer
• Treasury Accountant
• Treasury Systems Manager
• Treasury Analyst
• Treasury Assistant

The European Treasurers' Peer Group is very successful in recruiting the most experienced treasurers to the peer group where we many times discuss the new role of the treasurer and business leadership. There are many examples when treasurers have taken on the role as business leader.