Banking to Treasury: The Journey of a Treasury Professional with MERCK's Jörg Bermüller

In this episode host Mike Richards interviews Jörg Bermüller, the Head of Cash and Risk Management at Merck KGaA, a leading global science and technology company headquartered in Germany.Jörg started his career in banking and worked for several multinational companies in treasury before joining Merck in 2008.  He brings a wealth of experience and expertise in cash and risk management.On the episode Jörg discusses his journey in treasury, starting from his apprenticeship as a Bank Clerk to his current role at Merck. He discusses the importance of relationship management in treasury and how he discovered his passion for the field. Jörg also shares his experiences at different companies, including the challenges and opportunities he encountered. He highlights the growth of his team and the expansion of treasury operations at Merck. The episode concludes with a discussion on the recent success of implementing a netting settlement process, which earned Jörg's team an Adam Smith Award.On the podcast we discuss…       Jörg's career trajectory and how he transitioned into treasuryThe importance of solid processes and automation in treasury operationsThe benefits of implementing a netting settlement process for FX deals      Jörg's approach to expanding the scope of treasury and becoming a strategic business partnerAdvice for treasury professionals, including the importance of knowledge, hard work, and building a strong teamYou can connect with Jörg Bermüller on LinkedIn. Are you interested in pursuing a career within Treasury?Whether you’ve recently graduated, or you want to search for new job opportunities to help develop your treasury career, The Treasury Recruitment Company can help you in your search for the perfect job. Find out more here. Or, send us your CV and let us help you in your next career move!If you’re enjoying the show please rate and review us on whatever podcast app you listen to us on, for Apple Podcasts click here!To subscribe to the Treasury Career Corner podcast via:Apple🍏 Podcasts; click here!🎧Spotify; click here!Thank you to our sponsor Flywire, the global payments and software experts for their support. For those eager to learn how they simplify cross border receivables to eliminate FX risk, reduce your ‘Days Sales Outstanding’ and streamline reconciliation for treasury professionals check out my interview with Greg Leven, Senior VP of Sales at Flywire ➡️Click Here