Q1 2023 UK Treasury market update | What is happening in the junior treasury market?

Author Luke Booker
April 6, 2023

As we approach the end of the first quarter of 2023, we haven’t seen the slow down that we were expecting at the end of last year.  With a recession looming, interest rates and inflation soaring, much of the recruitment market was expecting a slow start, however it has been quite the opposite in the treasury market, especially at the Treasury Analyst level.

This year, we have worked exclusively with multiple businesses to hire a junior treasury resource. The main areas of expertise clients have been looking for are bright, ambitious and forward-thinking individuals with exposure to cash management, front office duties and relationships with banks. 

At the end of last year we published our annual treasury market report and salary guide. This showed salaries had increased at all levels across the market, none more so than at the Treasury Analyst level.  The typical salary for a Treasury Assistant without any experience is now £35-40,000, A Treasury Analyst (2-3 years’ experience) £40-50,000 and a Senior Treasury Analyst (3-5 years’ experience) is paying between £50-60,000.

As mentioned, the junior treasury market has been incredibly busy. This has resulted in candidates getting to offer stage and sometimes having two to three roles to choose from.  This means speed in processes is critical.  We encourage clients to aim to have the whole process completed, with an offer out and accepted within three weeks from briefing us.  This is to ensure they don’t miss out on their preferred candidate because the process has taken too long.  This market needs to be looked at and treated as if it were an interim market, speed in process and maintaining momentum between interviews is crucial.

If you would like more information on the current market or would like to discuss your next treasury career move please contact Luke.

Luke will be attending the ACT Conference in May so if you are planning on attending, please do get in touch and look out for our stand!

Jobs

  • Banking and Financial Services

Treasury Accountant

Brewer Morris are currently assisting a leading Financial Services business to recruit a Treasury Accountant. Reporting into the Group Treasurer, you will be required to be in the office 3 days per week. Key Responsibilities Include: – FX Swaps, Dealing and Modelling – Hedge Accounting – General Accounting Responsibilites A Successful Candidate will be: – […]
  • Salary GBP65000 – GBP80000 per annum
  • Posted Posted 7 hours ago
  • Banking and Financial Services

Treasury Analyst

Brewer Morris are currently assisting a leading Financial Services business to recruit a Treasury Analyst. Reporting into the Group Treasurer, this role is hybrid based, requiring 3 days per week in the office. Key Responsibilities Include: – Cash Management and Forecasting – FX Dealing and Swaps – Monitoring and Modelling. A Successful Candidate will have: […]
  • Salary GBP45000 – GBP45001 per annum
  • Posted Posted 7 hours ago
  • Banking and Financial Services

Balance Sheet Manager

Brewer Morris are currently supporting a challenger bank to recruit an experienced Liquidity Balance Sheet Manager. Reporting into the head of Liquidity Balance Sheet Management, this role offers flexible working, with one day per week required in the office. Key Responsibilities Include: Manage the delivery of the Bank’s ILAAP, and Funding Plan. Drive high quality […]
  • Salary GBP80000 – GBP100000 per annum
  • Posted Posted 2 weeks ago
  • Banking and Financial Services

Treasury Operations Analyst

Brewer Morris are working closely with a leading insurance business to recruit a Treasury Operations Analyst. With requirements of being in the office 2-3 days per week, the team requires an individual who can work efficiently in the office, and also from home. Key Responsibilties Include: Implement the group’s cash pooling project. Drive delivery of […]
  • Salary GBP50000 – GBP60000 per annum
  • Posted Posted 2 weeks ago
  • Banking and Financial Services

Treasury Accountant

Brewer Morris are working with a leading insurance business to recruit an experienced Treasury Accountant to join the team. With a requirement of min. 50% of your time in the office in Liverpool Street, a successful candidate must be able to work efficiently in the office as well as from home. Key Responsiblilities Include: Manage […]
  • Salary GBP55000 – GBP65000 per annum
  • Posted Posted 2 weeks ago

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