Leadership skills

What type of leader do you want to be? People often fall into a leadership role – they get promoted, or they move companies and are given responsibility for a team. The skills needed to be an effective leader are often picked up on the job, and it can be difficult to step back and think about what makes a good leader and what leadership skills you want to develop. A key question to ask yourself is ‘what type of leader do you want to be?’ We all have examples of good and bad leadership but by understanding what traits

360° treasury challenges

Until the global financial crisis in 2008, corporate treasurers were often considered solely the custodians of cash. In many cases – particularly in the ‘third sector’ – that’s the role ascribed to ‘the treasurer’ today. Of course, that wasn’t ever true in many leading businesses in the UK and internationally, but it’s taken time to address the stereotype. Indeed, in many developing markets the role remains less understood and practised. Most surveys of corporate treasury tend to focus on functional activities and product use but as a Chartered professional body, the ACT has bucked this trend with our annual research

Accreditation of in-company training programmes – setting the standard

Accreditation is the formal recognition of a person’s learning achievements which is linked to an internal or external standard. Many learning and development activities are often linked to some kind of accreditation, usually a qualification, but this is not always the case. What it is Professional accreditation involves meeting the standards set by a particular sector or industry body. The ACT sets standards for those working in and with treasury. This is done through its competency framework which describes the skills, knowledge and behaviours individuals should possess no matter what stage of their career they’re at. These standards, or competencies,

To MCT or MBA? That’s the question…

The answer, of course, is that it depends on where you see your career going! Students at the more senior end of their careers often ask me whether they should continue on from their AMCT to the MCT Advanced Diploma or whether to undertake an MBA. Prior to joining the ACT, I worked as interim CEO of the Association of MBAs, which accredits the top MBA programmes in the world. Here I hope I can share with you some of my knowledge on both MBAs and the MCT qualification to help you make an informed decision on your next career step.

Evolution of treasurer’s role

In my blog last week, I offered one key piece of advice to my colleagues and friends in treasury and finance: stay on top of the trends. Perhaps that left the rather tantalising question of, ‘how?’ and perhaps that’s why you’ve returned to read my second instalment. Well, I aim to please, so I will explore this in a bit more detail for you. It might be helpful to think of trends in a slightly different way. In my mind, ‘evolve’ is an apposite alternative word. As long as you are evolving, moving with the times and adapting to the

ACTME Women in Finance Workshop with guest speaker Lord Davies of Abersoch, CBE

We organised a unique workshop for senior women working in financial roles or in the finance industry on Wednesday 10 February. Tara Cherniawski, Chief Learning officer for Inspirus Learning (and former Learning and Development Director for Jumeirah Group) kicked off the morning with an exercise to bond the group. We each had to speak to 5 other ladies to find five things we had in common in just 20 seconds. After this short exercise the energy in the room was palpable and we all felt a little more willing to share our experiences with each other. The morning focused on

Birmingham Business School — an ACT Accredited University

The ACT is delighted to announce that it will be working with Birmingham Business School at the University of Birmingham to support the development of international future finance talent. Birmingham is the first to become an ACT accredited University for our new qualifications. All students graduating from the MSc Financial Management programme will, in addition to their degree, be able to gain the Certificate in Treasury Fundamentals and Certificate in Treasury if they meet the required criteria either through exemption or further study. This will help get graduates off to the best possible start in their careers with a recognised

Face-to-face learning: helping you build your network

In this final blog in the series, I outline perhaps the most important benefit of face-to-face learning – sharing your learning experience in a classroom environment and studying with your peers means that you are in a position to build your professional network. People come from all sorts of different backgrounds and levels of experience and often you learn just as much from them as the tutor when you’re in the classroom. It’s very hard to recreate this in an online set-up and make the personal connections that you can in a face-to-face learning environment. We find many students on