THE A-Z OF CORPORATE TREASURY

An in-depth introduction to the corporate treasury function in international markets, delivered in partnership with Zanders.

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THIS COURSE IS RIGHT FOR YOU IF YOU ARE:

  • a treasury manager, treasury dealer, treasury assistant, treasury accountant, or treasury controller
  • working in corporate treasury
  • new to treasury or a specialist who requires an overview of the whole treasury function
  • someone who works with treasury internally such as an accountant, tax manager or an internal auditor
  • a banker, auditor, software vendor, or consultant who wants to understand treasury from the customer’s perspective
  • a minimum of one year full-time corporate work experience.

WHAT WILL YOU GAIN FROM THE COURSE?

  • An in-depth introduction to the corporate treasury function in international markets
  • Deep insight into the core areas and main treasury activities of corporate finance, cash management and financial risk management.
  • An understanding of the role of treasury as a corporate function and how the department can add value in a strategic capacity
  • Insight into the setup, structure and interactions of a treasury function and the different operating models
  • The ability to approach financial risk management in a structured way by applying a framework for managing your financial risks
  • A mix of theoretical and practical applications that can be immediately incorporated into your treasury function
  • Access to senior practitioners from the corporate world who bring ‘real life’ perspective and insight to the training based on experience from numerous corporate treasury projects.

ACT members who attend this training course can count this towards their CPD learning and should record this in their CPD log. For more information on the ACT’s CPD scheme visit: www.treasurers.org/cpd

Included in your package, you will receive 60 days' access to the Treasury Operations eLearning course, part of our First Steps in Treasury series. Usually £150+ VAT, this interactive online training provides a high-level introduction to the treasury function and help you to understand treasury operations within the context of business. 

Participants may choose to have a brief introductory call with one of the course trainers.  This will enable the trainers to understand your treasury career background, the treasury environment you work in, and your personal objectives for the course in more detail. 

A recording of the course and presentation material which you can access online for 60 days or download and a digital badge to share with your network to showcase your achievement. Our training courses are regularly reviewed and updated, so when you display your badge on your email footer or LinkedIn profile, your network will know that you have gained up to date knowledge and relevant skills.

There will be an option on the course feedback form to select a further one on one follow-up call with one of the trainers for any further questions or points of clarification.
ACCESS TO EXPERTS

Leading training specialists sharing valuable insights

LIVE VIRTUAL CLASSROOM

To optimise your learning experience, allowing users to interact

PRACTICAL

Learning valuable practical skills you can instantly use at work

COURSE STRUCTURE

This corporate treasury course provides a complete overview of the corporate treasury function from strategy and organisation, to cash management, risk management and corporate finance over five days. We combine theoretical knowledge and insights into all aspects of the treasury function and activities with ‘real life’ case study examples so that you can really relate the core principles to your own work.

  • Treasury Strategy and Organisation
  • Treasury Operations and Cash Management
  • Treasury Processes and Systems
  • Financial Risk Management
  • Corporate Finance

AGENDA

The course will be covered over two highly interactive sessions per day over five consecutive days, each session lasting 120 minutes. You will receive pre-course material in advance of the course.

Typical structure:

  • Registration and introduction: 8:30 - 9:00 UK-time (first day only)
  • Session 1: 09:00 – 12:00 UK-time
  • Session 2: 13:00 – 16:00 UK-time

A Virtual Classroom will be used as the online delivery tool. All sessions are designed to optimise your learning experience with ample opportunity for you to engage with the trainer and other course participants throughout the virtual classroom.  In this environment, the trainer will cover the course content and learning outcomes using different perspectives to reinforce understanding and practical application of knowledge. We have designed our virtual training courses to ensure you get the best learning experience possible. Throughout the course you will use a range of tools and techniques including group exercises and live chat, to ensure that you are able to engage and interact with your trainer and share knowledge and best practice with your peers.

DAY ONE

09:00AM – 12:00PM: TREASURY STRATEGY & ORGANISATION

The morning session will introduce the spectrum of treasury activities including the role of Corporate treasury, the treasury target operating model, policies and governance and best practices in efficiently organizing a treasury function. The session will include practical case studies on treasury organisation, policies and governance.

 

TREASURY STRATEGY AND ORGANISATION

  • Introduction to Treasury Risk Maturity Model
  • Treasury Strategy & Objectives
  • Treasury Target Operating Model
  • Treasury Governance and Policy
  • Treasury Reporting and Controls
  • Case studies covering the above

12:00PM – 13:00PM: LUNCH

13:00PM – 16:00PM: TREASURY OPERATIONS AND PROCESSES

The afternoon session will introduce the day to day activities of treasury operations in relation to cash management including Cash Flow Forecasting.

TREASURY OPERATIONS AND PROCESSES

  • Cash management processes (cash positioning, bank statement reconciliation, short term investments)
  • How to define and document treasury processes
  • Market Data and Cash Flow Forecasting Systems
  • Cash Flow Forecasting: the why and the what
  • Cash Flow Forecasting: different forecasting horizons and methodologies
  • Case studies on Cash Flow Forecasting and use of AI in CFF

 

DAY TWO

9.00AM – 12.00PM: ROLE OF BANKS AND IN-HOUSE BANKING

In the morning, the session will focus on examining the role of banks in supporting Corporates with their Transaction Banking solutions, innovations leveraging blockchain technologies and the concept of in-house banking (definition, models and considerations) with a focus on cash pooling and netting.  

ROLE OF BANKS AND IN-HOUSE BANKING

  • The role of cash management banks
  • Short Term Investment solutions by yield, duration and security
  • Payments: traditional, new payment rails and tokenisation
  • Cash pooling and bank virtual accounts
  • In-House Banking: concept, considerations and use cases
  • Case studies covering banking group optimization, liquidity structures and In-House Bank design

12:00PM – 13:00PM: LUNCH

13:00PM – 16:00PM: TREASURY SYSTEMS AND BANK CONNECTIVITY

In the afternoon, the session will examine the treasury technology landscape, treasury management systems co, and including Payment Factories and bank connectivity. We will include examples of how AI is embedded into TMS.

  • An overview of the treasury technology landscape
  • An introduction to treasury management systems
  • Best practices in system implementations
  • Payment Factories and In-House Banking (from a system standpoint)
  • Bank Connectivity (Host to Host, APIs, and SWIFT)
  • Friction points in Bank Connectivity
  • AI embedded in TMS
  • Case studies covering treasury transformation and system selection

DAY THREE

9.00AM – 12.00PM: FINANCIAL RISK MANAGEMENT

The morning session will focus on the fundamentals of risk management in the Corporate treasury domain with practical applications across foreign exchange risk management, interest rate risk management and credit risk management.

 

THE RISK FRAMEWORK

  • Scope of Financial Risk Management
  • Risk Management Parameters
  • A Risk Management Framework

FX RISK MANAGEMENT

  • FX risk management introduction
  • Classification, Identification and Quantification
  • FX Risk Management Objectives
  • FX Risk Management Policy
  • Implementation of Risk Process and Execution
  • FX Risk Reporting and Accounting
  • FX Hedging Instruments
  • Case study on FX Risk Management

INTEREST RATE RISK MANAGEMENT

  • Identification and measurement of interest rate risk
  • Hedging interest rate risk
  • Case study: Interest Rate Risk Management

CREDIT RISK MANAGEMENT

  • Measurement of counterparty credit risk
  • Impact of credit spread and liquidity premiums
  • Credit ratings
  • Probability of default and loss given default calculations
  • Case study: Credit Risk Management

12:00PM – 13:00PM: LUNCH

13:00PM – 16:00PM: CORPORATE FINANCE

In the afternoon, the session will review the concepts behind corporate financing, the risk to shareholder value, and the execution of corporate finance strategies including relevant rating and refinancing processes.

CORPORATE FINANCE

  • Introduction to Corporate Finance
  • Concept of Shareholder Value
  • Rating Process
  • Optimizing the Capital Structure
  • Refinancing process
  • Case studies covering the above concepts and financing options

 

SAMPLE MATERIAL

Would you like to see a free sample of the course materials for the A-Z of Corporate Treasury training? Just enter your details below and a copy will be emailed to you. You’ll be able to see an example of the slides used during the training as well as an example of a practice task. 

BUY YOUR TRAINING COURSE

Dates and times:

18-20 May 2026 or 23-25 November 2026 

Typical structure:

  • Registration and introduction: 8:30 - 9:00 UK-time (first day only)
  • Session 1: 09:00 – 12:00 UK-time
  • Session 2: 13:00 – 16:00 UK-time

Platform:

Microsoft Teams

Fees: 

  • ACT member/ student or employed by an ACT CPD accredited employer/business member organisation - £2,285*
  • Member of another accountancy body - £2,415*
  • Non-member - £2,690*

*fees are subject to local rate of VAT where applicable.

Register your interest 

Group discounts (not compatible with any other discount) - if five or more people from the same organisation book onto any ACT training course, they qualify for 10% off the combined course fee **

**see terms and conditions

MEET YOUR TRAINERS

The A-Z course trainers are industry experts who bring a wealth of experience and practical knowledge to the course. They are subject matter experts in their field, with skills obtained and sharpened at multinational companies and non-profit organisations.

Birgita Gjirja 

Birgita is a Partner at Zanders with over 15 years of treasury consulting experience. In this role, Birgita has supported clients with assessing their treasury function and treasury target operating model, determining how technology could be used to drive efficiencies in Treasury and Finance as well as identified ways to improve the control environment. Before joining Zanders in 2019, she worked at PwC as a Treasury specialist, working with a wide range of companies and providing treasury audit and consulting advices, across areas such as hedging and cash management strategies, policies and controls, system selections and implementations. Birgita holds a MSc in Business Administration and Accounting, and an ACT qualification from the Association of Corporate Treasurers in London.

David Moya

David Moya is a Director at Zanders in London and joined the company in 2018. Having worked previously for ION-Reval, Deloitte Spain and Iberia Airlines, David has a broad experience of 15+ years in  Treasury, specialising in financial risk management, hedge accounting, cash management and TMS selections & implementations.

 

Constantine Tyraskis

Constantine joined Zanders as a Senior Manager in January 2017. Constantine has a broad focus on treasury projects from strategy, risk and organization projects, to system upgrade and implementation work. Prior to joining Zanders, Constantine spent approximately four years within the Corporate Treasury department of Seadrill, an offshore drilling company. He holds an MSc in Finance from Cass Business School in London where he specialized in Corporate Finance. Constantine is also a guest lecturer at UK universities.

 

Sander de Vries

Sander de Vries joined Zanders in 2012. Sander has relevant hands-on experience in cash management, corporate finance, cash flow forecasting, treasury transformation projects and financial risk management. He graduated with honors for the BSc Business Economics and he holds a MSc Finance degree. Sander also passed the ACT Risk Management certificate and passed the international Cash Management certificate with distinction.

Pieter Sermeus

Pieter Sermeus joined Zanders in 2013. Pieter has in-depth experience in cash management, cash flow forecasting, treasury transformation projects and financial risk management. He holds a MSc in Business Administration from the University of Antwerp and a Master of Finance from Antwerp Management School. Pieter also completed CFA level 1 and FRM.

Adela Kozelova

Adela Kozelova has joined Zanders in 2016. Adela has proven experience in financial risk management, treasury technology and treasury transformation projects. She graduated from Nyenrode Business University in Netherlands with the MSc in Financial Management. Adela has also passed all three levels of CFA exams and both levels of FRM exams.

Tobias Westermaier

Tobias is a Director at Zanders Switzerland with diverse Corporate Finance and Treasury experiences in consulting, banking and corporates. He worked in Front Office Treasury roles at Daimler and BMW and as a Corporate Banker at BNP Paribas in Switzerland. At Zanders, Tobias delivered various types of projects from Treasury Strategy, Financial Risk Management to Cash Management optimization. He holds a BSc in International Business Economics, an MSc in Global Finance and is a CFA and CAIA charterholder.

Bart Timmerman

Bart is a Director in the Corporates Advisory team of Zanders located in The Netherlands. Bart has over 15 years of treasury advisory experience, with a focus on process optimization and treasury and payments technology. Prior to Zanders, Bart worked over 15 years in Corporate Treasury of multinational organizations. ranging from front office to treasury control roles. Next to his advisory role within Zanders, Bart is responsible for channel management of a variety of large treasury technology vendors. Bart holds an MSc in Business Administration from the Erasmus University Rotterdam, where he specialized in treasury management.

Fernando Almansa

Fernando is a Director at Zanders with over 20 years’ experience in financial services. At Zanders, Fernando has a focus on treasury projects from IHB set ups to bank selection for international cash management services. Prior to joining Zanders, Fernando worked for 17 years at Citibank London Treasury and Trade Solutions in a variety of roles, from product, business management, to product sales specialist advising multinational corporate on their cash management and operational banking requirements.

Alina Tincu

Alina is a Senior Manager at Zanders and joined the company in 2016. Alina has 12+ years’ experience in Treasury and has proven experience in cash management, treasury technology and treasury transformation projects.

Sophie Boyle

Sophie is an FCT qualified treasury professional with a unique blend of corporate, consulting and entrepreneurial experience. She has led complex treasury transformations, implemented global systems, and delivered multimillion-dollar efficiencies across industries. Her expertise spans cash and liquidity management, bank connectivity, and the full treasury systems landscape, having led SWIFT implementations, managed global banking tool migrations and served as Product Owner for group-wide TMS platforms. Sophie understands how to align technology with business needs, from system design through to rollout and training, and has a track record of embedding scalable, future-ready solutions that support both efficiency and strategic growth. Drawing on her experience as the founder of a B2B SaaS start-up, she brings entrepreneurial energy and sharp execution skills, pairing innovation with a clear focus on delivery.

Keith Tolfrey

Keith is a Manager at Zanders, specializing in Corporate Treasury System Implementations with extensive experience in strategic and operational treasury management. His expertise covers Treasury Transformation, FX Hedging, Treasury Systems and Integration, and Cash & Liquidity Management. Before joining Zanders, Keith held various treasury roles in multinational corporations, successfully managing complex treasury projects with a focus on efficiency, digital transformation, and process optimization. He started his treasury career in the corporate sector with Travelex, focusing on Cash Management, Treasury Operations and Treasury System Management, giving him practical insights into treasury from an operational perspective.
Enjoyed seeing the market practices and best practice suggestions. The wide range of participants provide a rounded overview of different treasury structures
Good mix of theory and practice including examples as well as links with current developments in treasury, such as PSD2 and AI.
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