Tag Archive for: treasuryXL

What is this Treasurer Test that we will launch shortly?

| 20-09-2018 | by treasuryXL |

The Treasurer Test is mainly created to give treasurers, their current and future employers and recruiters insight into the skills and personality of the treasurer. To achieve the foregoing, the test consists of two main parts.

Treasury technical knowledge

In this section the treasury knowledge level of the testee is tested. The questions in this section are developed by De Vrije Universiteit Amsterdam and The University of Applied Sciences of Utrecht in cooperation with industry experts. The four categories tested are Cash Management, Corporate Finance, Risk Management and Treasury Miscellaneous. There is limited time available for each category. The questions get increasingly more complex: the first question is easier than the last one. Harder questions are rewarded higher than easy ones. The results are reported in absolutes (like a GPA), but will also be compared with a peer group that has about the same experience. As a hiring manager you can compare your potential employee with other candidates in the labour market.

Personality Profile

Twelve personality traits are tested in the personality part of the test. We have chosen for the Big5 model, in a later blog we will explain why. The outcome is compared with the general population and with the treasury population. We do this under the assumption that the personality of an average treasurer is different from a member of the general population. For example, the treasury testee might not be good at making contact in comparison with the general population, but at the same time be better at this than other treasurers.

As mentioned earlier, the test gives an insight into the skills and personality of the treasurer testee which can be used to decide whether he or she fits the position. The test can also give an indication whether the testee fits the company culture and if there are areas where the treasurer needs training or development.

We are currently testing the product, fill the benchmark and keep you posted about the progress of the test in the next weeks.

Roy Baaten – Community Manager at TreasuryXL

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Getting ready to launch the Treasurer Test!

| 07-08-2018 | by  Pieter de Kiewit | treasuryXL |

Roughly 60% or more of the hiring managers we work with does not have experience in corporate treasury. Less than 20% of people working in corporate treasury received extensive professional treasury education. The rest did not. How can we measure whether a candidate has the knowledge to be able to do the job? Currently this is done, also by us, by looking at their experience: screening CV’s, checking references, etcetera. I think there is room for more thorough measuring.

After talking with many experts the idea of the Treasurer Test arose. We created a group of enthusiasts and started building. The core of the group consists of:

  • academic treasury experts of VU University (Vrije Universiteit) Amsterdam, responsible for the Register Treasurer Program, and The University of Applied Science (Hogeschool) Utrecht, organizer of the Minor Treasury Management;
  • assessment psychologists with a degree in test development;
  • IT experts using software and methodologies also used by dozens of international universities who can build an on-line assessment environment;
  • treasuryXL, their and our network of corporate treasurers as well as professional bodies.

Within a month we will start with the first test of a new and I think exciting measurement tool. It combines measurement of treasury knowledge & skills with a Big 5 personality test. The results of the treasury part of the test are presented both with absolute scores, as well as with a peer group comparison. Peer groups are formed upon experience: up to two years, three to eight and over nine. The results of the personality test are compared with a general population as well as the treasury population who already did the test. This way we can make statements like “he didn’t answer a lot of questions correctly on the topic cash management but others with less than 2 years’ experience score even worse” or “she is an introvert in comparison to general population but in comparison to other treasurers she is quite extroverted”.

We are close to asking the first peer group to do the test and expect a larger scale introduction around October 2018. treasuryXL will be the home of the Treasurer Test. I am quite excited about this project and think it can all help us in making career / recruitment decisions, choose proper education and shape treasury teams. There is a lot more to tell about the project, I will keep you updated and am available for questions or input.

On behalf of Team Treasurer Test,

Pieter de Kiewit

 

 

Pieter de Kiewit
Owner Treasurer Search

 

 

Media partnership treasuryXL en Reuters Plus

| 02-08-2018 | Reuters Plus| treasuryXL |


Met het vooruitzicht dat de Brexit steeds dichterbij komt, staat Europa aan de vooravond van een transformatie. Als belangrijkste verschaffer van banen en economische groei spelen Europese bedrijven een cruciale rol bij het bepalen van de samenstelling van het Europa van de toekomst.

Op hub website wijdt Reuters Plus gedeelte aan het informeren over de gevolgen van de Brexit. Hier komt informatie van verschillende bronnen samen, deze informatie bestaat uit artikelen en podcasts op het gebied van FinTech tot big data. De artikelen zijn niet specifiek bestemd voor de treasury community, maar door de raakvlakken met het treasury vakgebied wel erg waardevol. Dit is ook de reden dat treasuryXL en Reuters Plus een media partnership zijn aangegaan met als doel zoveel mogelijk relevante informatie met de community te delen.

Verder wordt er in september ook een event georganiseerd door Reuters Plus dat gericht is op de treasury community. Een aantal experts zullen hier de veranderingen bespreken die er moeten komen ten gevolge van de Brexit . Meer informatie over dit event kunt u vinden op onze website.

 

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GDPR: From compliance headache to business opportunity

|24-07-2018 | Reuters | treasuryXL |

The Information Commissioner’s Office has described the new GDPR laws as “the biggest change to data protection law for a generation”. Businesses will face a maximum fine of up to £17 million or 4% of global turnover, if they breach the EU rules. These are critical, but turbulent times for businesses across Europe. However, if organisations of all sizes play their cards right, GDPR can be transformed from a compliance nightmare, into a business advantage.

Competitive advantage

“General Data Protection Regulation is generally seen in a fairly negative light, particularly by organisations. But I think there is a huge opportunity to differentiate services based on trust. The consumer gains from interaction with any institution,” according to Managing Director and Data Protection Officer at Barclays, Jon Rees. He adds: “Our recent research has shown that the number one concern – across many different demographics and usages – is security of customer information, and how it’s being used. There’s a competitive advantage to be had by applying GDPR in a positive way.”

Consistency by design

As a ‘complex corporate’ itself, Barclays has seen another major benefit of GDPR, and that’s the obligatory enforcement of good practice and consistency by design across organisations, in terms of the harmonising of data systems. While it’s still early days, transparency is fast-becoming the buzzword of GDPR’s inaugural year.

Consumer confusion

There are, predictably, some areas of confusion that are emerging, especially for consumers – in part accelerated by miscommunication. People are confused about what their individual rights are when it comes to personal data and consent, and right to deletion. Some are interpreting consent as: ‘unless I’ve given a firm my approval, it has no right to use my data’. While this is not correct, the lack of understanding is unsurprising, given the complexities of GDPR and it being in its infancy. However, this is where businesses can once again shine. Those that are helpful, and offer clear communication with their consumers on GDPR, will come out on top as trustworthy brands that always put the customer first. A more consumer-centric approach is, after all, at the heart of GDPR.

Visit the website of Reuters to read the full article.

 

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Highlighted partner: Treasurer Search

| 3-7-2018 | treasuryXL |

Over the last two years treasuryXL built a community with and for corporate treasurers and all interested in the profession. Starting from the Netherlands our network expands into surrounding countries and we cooperate with more and more partner organizations. In the summer months we will present the most prominent ones.


Treasurer Search

In 2009 Pieter de Kiewit founded Treasurer Search after an international career of 15 years in consultancy and management of two prominent recruitment companies. In the first he learned about executive search of, amongst others, group treasurers of listed firms. In the second he was responsible for building a number of international subsidiaries of the Dutch market leader in the mid segment recruitment market. The German the most prominent one. Approaching 40, he decided to continue as entrepreneur.

Treasurer Search finds candidates for interim assignments and permanent positions. From graduate level to group treasurer of a listed firm. Clients are headquarters of large corporates, international treasury hubs, treasury consultants, non-profit organizations and some companies in financial services. In the Netherlands and increasingly international: recent recruitment has been done in Belgium, Luxembourg, Germany and Switzerland. Job types include cash & treasury operations management, risk, corporate & project finance, treasury IT and treasury control.

By now, Team Treasurer Search holds 6 members, 3 of them recruitment consultant. With their niche market approach they invest in thorough job content expertise and a very warm network. Over 90% of the placed candidates already had a meeting with Treasurer Search before the assignment was landed where he or she started in. The team is stable, something the recruitment industry is not known for.

Having a keen interest in what’s happening in treasury and knowing not each contact with a candidate and client can be about job openings, Treasurer Search takes a proactive network role. Most often as a courtesy Treasurer Search connects people with expertise with those seeking treasury knowledge. For this team members are in constant contact with educators, professional bodies and other suppliers of treasury solutions. All this makes Treasurer Search an obvious partner of treasuryXL.

For more information check out:

Pieter de Kiewit
[email protected] / +31 6 1111 9783

Pieter de Kiewit

 

 

Pieter de Kiewit
Owner Treasurer Search

 

Looking back on a successful start-up of treasuryXL in 2016!

| 29-12-2016 | Annette Gillhart |

crowdIt has come to the end of the year 2016 and that is a good moment to look back on what has happened, before looking ahead into 2017. In our case it is our website treasuryXL we want to focus on.

The website started on April 21st 2016 and since then has made major steps from a brand new site on the internet to a rather full-grown one – as we proudly dare to say. From day one the treasuryXL community has continuously expanded with authors, editors, sponsors and readers. Every day we provide you with fresh, treasury related content: articles, vacancies and events. In the start-up phase the website was in the professional hands of the first community manager, Stephanie Derkse, who made the site known to you and was very apt in focussing on issues that added value to the market and the treasury community.

When I took over in November 2016 the website was all but ready to enter a new phase and grow further from a solid base. In the meantime many of you now know how to find us and this is the moment to give you some impressions and figures to underline that growth.
treasuryXL has informed you about all kinds of news around treasury issues such as cash managment, risk management, funding, treasury technology, regulations and more. You found interesting articles that ranked from FinTech issues, development around instant payments, blockchain ‘to cyber crime and  fraud prevention and topics for SME organisations.  Next to daily news and actualities you were informed about interesting topics such as treasurer vacancies and upcoming events. Since the beginning the site has become known as a platform for all kind of news about the treasury market and community.

Here are some figures that we are proud of:

– 174 articles have been written since the start of the site
– 32 experts are linked to our website and write regularly
– 348 newsitems have been spread via social media since April
– 4000 visitors on the website in 7 months!
– 7400 sessions as stated in Google analystics!
– 27000 times pages were opened!

We trust that these numbers will continue to grow and make the site even more worthwhile to visit.

In the meantime a number of companies found their way to our website, and are using it very successfully as a platform to promote their own businesses. We take this opportunity to thank them for their interest and support and look forward to continue working with them.
It goes without saying that we want to provide this unique possibility to even more companies and institutions in 2017 and further on.

We also would like to thank all of our experts for their support of the website and their continuous effort to supply valuable content!

Happy New Year and may 2017 be a prosperous year for all of you!

 

annette-gillhartAnnette Gillhart – Community Manager treasuryXL

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