WE ARE TREASURY PROFESSIONALS

Yes, we are members of ICAN, ANAN and many more, why go for Chartered Institute of Treasury Management, CITM again... by Torsaa Donatus from Benue State.

Chartered Institute of Treasury Management of Nigeria (CITM) is not a duplication of Institute of Chartered Accountants of Nigeria or Association of National Accountants of Nigeria. It is a specialization.

Let me break it down clearly:

1. Different Focus: Accounting vs Treasury

ICAN / ANAN Focus on:

Financial reporting,

Auditing,

Taxation,

General accounting systems.

CITM Focuses on:

Cash flow management,

Liquidity planning,

Risk management (financial risks, FX, interest rates)

Public and corporate treasury operations,

Investment and funding decisions.

In simple terms:

Accountants record and report money

Treasury managers control and optimize money

2. Treasury is a Strategic Function

Modern organizations (banks, governments, multinationals) don’t just need records, they need:

Cash availability at all times,

Efficient fund allocation

Risk mitigation.

This is where treasury professionals come in.

For example:

A government may have funds but still face cashflow crises

A company may be profitable but run out of liquidity

CITM trains you to solve these real-life financial management problems.

3. Career Advantage & Specialization

Having ICAN or ANAN gives you a strong foundation, but CITM:

Positions you as a financial strategist, not just an accountant.

It opens roles like:

Treasury Manager,

Risk Manager,

Fund/Portfolio Manager,

Financial Controller (with treasury bias)

In today’s market, specialists are more valuable than generalists.

4. Relevance in Banking & Public Finance

CITM is particularly relevant in:

Banking sector

Government treasury departments

Oil & gas / large corporates, with increasing emphasis on:

Treasury Single Account (TSA)

Financial automation

Risk governance

CITM aligns closely with modern financial system realities in Nigeria

5. Complement, Not Competition

Think of it this way:

ICAN/ANAN = Foundation.

CITM = Specialization in financial control and liquidity

They work together, not against each other.

Bottom Line

You go for CITM because:

It gives you control over money, not just records

It makes you more strategic and relevant.

It differentiates you in a competitive job market.

I am happy for being a member of CITM and looking forward for having you on the membership list.