Why is the demand for Treasury staff so strong in 2022?

The market for Treasury vacancies is busy busy busy at the moment. 2022 has seen an unprecedented level of growth in this area of the banking and finance sector.

Why is this occurring? The residential mortgages and asset finance areas (cars, trucks and equipment) are strong asset classes in Australia and New Zealand. This is because of demand for housing and vehicles. Despite rising interest rates, it’s our view this may slow but wont significantly stop high demand in 2022-2023.

There is a record level of Issuances currently in the Australian and New Zealand markets, and more treasury staff are needed to look after the deals and warehouses, being conducted by non bank lenders. There is also record levels of new non bank lenders in the market, including what we call Fintechs, who are all competing for staff in a small labour pool. Fintech companies are on the rise providing challenging and exciting career paths. Working for these new emerging companies provides opportunity to learn all the aspects of Treasury, often working closely with senior leaders of the business. What this means is Treasury Analysts with Securitisation & Funding backgrounds are highly sought after at the moment.

The good news is that we are seeing an increase in salaries for these candidates.
Some companies are happy to look at Analysts looking to get into treasury due to a shortage of staff, which is great news for job seekers. To be successful in these roles, you will need strong Financial modelling skills for structuring requirements, and excellent communication to deal with external stakeholders including ratings agencies and financial institutions. James Rennie, Director of Oxygen Recruitment & HR specialises in these roles. To contact him today call 0422 660094 for a confidential discussion or email him jrennie@oxygenrecruitment.com.au