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TM Assnmnt

The role of the treasurer has evolved from operational responsibilities like transaction execution and currency management to strategic responsibilities with board accountability, including enterprise-wide risk management. A treasury's core function is stewardship - safeguarding company assets and managing liquidity to support business operations. The treasurer understands how risks like exchange rate movements and credit ratings affect a company's risk profile, liquidity, and value. Managing numerous unforeseen risks is challenging, especially for large organizations, and the financial crisis means these challenges can significantly impact companies.

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Simran Pannu
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19 views

TM Assnmnt

The role of the treasurer has evolved from operational responsibilities like transaction execution and currency management to strategic responsibilities with board accountability, including enterprise-wide risk management. A treasury's core function is stewardship - safeguarding company assets and managing liquidity to support business operations. The treasurer understands how risks like exchange rate movements and credit ratings affect a company's risk profile, liquidity, and value. Managing numerous unforeseen risks is challenging, especially for large organizations, and the financial crisis means these challenges can significantly impact companies.

Uploaded by

Simran Pannu
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ASSIGNMENT NO: 1 INTRODUCTION:

The role of the treasurer has been constantly evolving. The original responsibilities of the treasurer were more operational, focused on transaction execution and nostro management. During the period from the 1980s to the mid-1990s, treasurers were required to be more analytical and proactive with responsibilities for forecasting and managing liquidity and financial risk. Today's treasurer has a strategic role with board level accountability and the responsibility to manage enterprise-wide risk. A treasury's core responsibility is one of stewardship: to safeguard the assets of a company and manage liquidity to support the operations of the company's principal business. The treasurer is often one of the few individuals in an organization who has a thorough understanding of enterprise risk, and how the individual risk components - be they movements in exchange rates or corporate credit ratings - affect the risk profile, liquidity and ultimately the value of the company. There are numerous unforeseen risks that must be managed. On top of that, the larger the organization, the greater the challenge for the treasurer on a daily basis. The financial crisis, as well as the rapid pace at which global market conditions continue to change; means that many of these challenges have the potential to have a significant impact.

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