April Edition

April In Review – Treasury Market Insights

Welcome to the April 2025 edition of Treasury Market Insights, your monthly update on Treasury recruitment trends, market analysis, and industry insights in London.
Labour Market Updates
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Treasury Specific Trends
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Recruitment Spotlight
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Candidate Spotlight
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Meet The Team
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As part of the Goodman Masson Treasury Recruitment Team, Henry specialises in placing top-tier interim treasury professionals across both Industry & Commerce and Financial Service sectors. His focus is on fixed-term contracts and day-rate roles, ensuring businesses have the interim expertise they need when they need it.

Labour Market Updates

The UK labour market has experienced notable shifts:

  • Employment Trends: The UK labour market continues to hold steady despite rising employment costs and economic uncertainty. With April’s National Insurance hike and minimum wage increases looming, many employers remain hesitant to expand their teams.
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  • Unemployment Rate: The unemployment rate increased slightly from 4.3% to 4.4% as of February 18, 2025, and has remain unchanged since. This reflects cautious hiring sentiment among employers. (Source: ONS)
  • Vacancies: Job vacancies continue to decline, with UK job postings now 15% below pre-pandemic levels. This contrasts with peer economies like Germany, Australia, Canada, and the US, where job postings remain above their pre-pandemic baselines. However, within treasury,  I’ve seen job postings rebound in pockets from late February to mid-March indicating a degree of resilience in hiring demand. (Source: Indeed Hiring Lab)
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  • Wage Growth: The UK recorded 6.1% year-on-year wage growth, nearly double the Bank of England’s 2% inflation target, significantly outpacing wage growth in the US and Europe. This has resulted in 3.4% real-term pay growth, providing a boost for workers despite ongoing cost-of-living pressures. (Source: Indeed Hiring Lab)
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  • High-Potential Talent Turnover: A recent Workday Global Workforce Report revealed that 75% of industries are seeing an increase in high-potential voluntary turnover. With top Treasury talent in demand, businesses must refine their retention strategies while remaining alert to poaching opportunities. (Source: Workday Global Workforce Report via LinkedIn)

Treasury Specific Trends

The Treasury sector in London continues to adapt to evolving economic conditions.

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Recruitment Shifts Towards Treasury Technology & Automation:

With vacancies declining and wage pressures increasing, companies are looking to treasury technology solutions to improve efficiency. This is driving demand for Treasury professionals skilled in TMS implementation, automation, and process optimisation. This shift is being driven by a combination of rising operational costs and the need to free up treasury teams to focus on strategic initiatives rather than repetitive processes.

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Outsourcing of Treasury Functions to Poland & India:

With rising labour costs and talent shortages in Western markets, large corporations are increasingly outsourcing their Treasury accounting and back-office functions to Poland and India.

This outsourcing trend reflects the increasing need for companies to optimise treasury costs while focusing in-house resources on high-value strategic treasury activities such as risk management, liquidity planning, and corporate financing.

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Market Volatility & Investor Sentiment:

Bond market volatility remains elevated, with investors closely monitoring policy shifts under the new U.S. administration. The Bank of America/Merrill Lynch MOVE Index—a key measure of bond market volatility—suggests heightened uncertainty among fixed-income investors. Essentially, highlighting that people are concerned about potential policy shifts affecting global debt markets and corporate borrowing conditions. The need for treasury professionals with a strategic mindset and ability to keep a finger on the pulse

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Recruitment Spotlight

The below map outlines the key locations where you can find Treasury Analysts, Treasury Managers. Assistant Treasurers / Deputy Treasurers and Group Treasurers.

Glasgow, Bristol and Reading are hidden gem locations, where the supply of talent is high in comparison for the demand of jobs.

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The percentages show the change in the past 12 months.

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Looking To Hire?

Enquire Now

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Candidate Spotlight
Candidate #3393316

Current Role:

Senior Treasury Analyst

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Notice Period:

3months

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Industries:

Consultancy, Real Estate, Automotive, Logistics
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Qualifications / Education:

AAT
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Brief:

Specialised in leveraged environments, TMS implementations, risk management, and cash management

Candidate #3069577

Current Role:

Treasury Analyst

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Notice Period:

1 month

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Industries:

FTSE 100 firms
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Qualifications / Education:

BSc Hons, Economics and Finance
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Brief:

Front office analyst with end-to-end SAP 4 Hana implementation experience. Highly recommended candidate by one of our clients.

Candidate #2749302

Current Role:

Treasury Controller / Consultant

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Notice Period:

Available immediately

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Industries:

Utilities, Consultancy, FTSE 100 firms
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Qualifications / Education:

BSc Hons Economics, ACA
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Brief:

Strong treasury accounting project manager with experience implementing Quantum, Reval, and OpenLink.

Meet the Team

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Elliott Moss-Pearson
Senior Consultant
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Henry Birch
Senior Consultant
Thanks for reading this month’s Treasury Market Insights. If you’re exploring opportunities or have a Treasury-related query, feel free to reach out: henry.birch@goodmanmasson.com