Treasury Market Update
Welcome to the first edition Goodman Masson's quarterly update for the Treasury market. The purpose of this document is to give you an overview of the employment market, identify any trends or developments across the UK.
Please scroll down to read the update in full, or use the quick links below to navigate to the most relevant sections.
As this is the first time I have sent this I would be keen to hear your thoughts and comments, whether or not you find it useful, and what you would like to see included in future editions. If you would like to give feedback, please reply to this email with your comments, and I will try to incorporate any suggestions in future.
Should you have any questions, please do not hesitate to contact the treasury team.
Kind Regards,
Guy Middleton | Commerce and Industry
Tel: 020 7324 0501
guy.middleton@goodmanmasson.com
Market Update
State of the Market
After more than 18 months of upheaval, the UK economy is finally starting to show signs of recovery and subsequently, the treasury job market has suddenly kicked into life.
The issues faced by companies during the economic downturn certainly increased the spotlight on treasury and, with greater optimism returning to the economy, demand for treasury professionals is increasing. This encouraging movement is occurring at both junior and senior levels.
The banking market noticed a significant increase in candidates, particularly in the areas of risk and liquidity management. This has been largely led by increased regulation, as the banks are increasing the size of their teams to cope with the additional workload and comply with regulations.
After the recruitment restrictions of 2009, most banks have been actively started recruiting, and there is no sign of this changing. The likelihood is that activity is going to increase as the year continues, and the most sought after candidates will almost certainly get snapped up relatively quickly.
Other areas within Financial Services and Commerce & Industry have also seen an increase in activity, although it is fair to say that Corporate Treasuries are not recruiting in quite the same volumes as mentioned above. To date this year, the Treasury market has seen a substantial increase in the number of senior vacancies coming onto the market largely due to the build up in individuals looking for career progression after a lengthy period with only a few opportunities made available. Once again, we see a demand for treasury professionals with risk exposure, and also for treasury systems specialists, and qualified accountants with treasury experience and IAS39/IFRS7 understanding.
Looking Ahead
Despite greater optimism and increase recruitment levels, it has to be said that there are still some concerns about increasing permanent staff numbers too quickly. As a result, the interim market has become particularly buoyant, with demand for high quality interim treasury professionals stronger than it has been for a long time. Although an interim vacancy will not be of interest to everyone, and this will limit the pool of candidates to some extent, the quantity and quality of candidates looking for this type of work has increased significantly over the past 12 months. This has been highlighted by the large number of temporary placements going permanent after candidates have demonstrated their worth within the role.
As for the candidate market, treasury professionals at all levels are again starting to look for that next move up the career ladder in order to progress their treasury careers. The pool of talent looking for other opportunities means that now is an excellent time to be recruiting.
Market Information
Throughout the year we will be keeping you up to date with current market information such as the 2010 salary guide. Should there be anything other than what we send you that you would be interested in receiving, please do not hesitate to ask and we will endeavour to source this material for you.
2010 Salary Guide
How have salaries been affected by the economic conditions of the past 12 months? It is fair to say that salaries within treasury have remained fairly static over the past 12 months. Good candidates still demand a premium, especially if they have specialist knowledge, or if they are moving into a difficult to fill role.
If you would like to receive a complete copy of the guide, including salaries and market commentary, please contact us.
Events
ACT Conference: April 27- 28 2010
Goodman Masson will be attending the ACT Conference being held in Manchester on April 27-28.
The ACT Annual Conference is our industries flagship event bringing together treasury, risk and corporate finance professionals from across the UK, Europe and the rest of the world.
The two-day conference and exhibition provides many networking opportunities, essential treasury updates from high level speakers and an exciting exhibition hall which features over 50 leading treasury product and service providers.
If you are attending, make sure you come and visit Goodman Masson at stand 49. We will be on hand to discuss your recruitment needs and you could be in the running for a fantastic prize.
We hope to see you there.
About Us
About Goodman Masson Treasury
Goodman Masson has been recruiting within treasury for a number of years and, with the addition of Guy Middleton and Hannah Al-Anazi to the organisation, a dedicated Treasury team was established in May 2009. This team offers specialist treasury solutions to the Commerce & Industry, Public Sector, Banking & Financial Services, Practice and Consultancy sectors.
About Goodman Masson
Goodman Masson is the largest Independent Financial Recruiter in the UK and has been recruiting professionally qualified accountants and other finance professionals for over 16 years. With a team of over 90 we hold annual revenues exceeding £15m.
Our growth has been built around our knowledge and expertise within the Finance markets and in 2009 alone we successfully worked with 991 separate organisations. Our client portfolio ranges from the FTSE 100 (67 out of 100) to small entrepreneurial start ups and from Government bodies through to independent media houses.
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