How to Develop Competencies Within Treasury with Tor Stian Kjøllesdal

The labour market is changing fast, and with it, the idea of what competencies and skills employees require to thrive.

Vice President and Head of Treasury and Tax at the Functional Center of Excellence in Equinor ASA, Tor Stian Kjøllesdal, believes that we’re moving away from simply assigning roles to anyone who’s qualified to actually delegating responsibilities based on people’s competencies.

He joins the Treasury Career Corner to discuss what it takes to bring out the best in employees, team members, and leaders. He also shares some insights into how Equinor ASA plans to “utilise competency and capacity in a more efficient manner.”

Tor Stian is responsible for all shared services deliveries within Treasury and Tax. The area is also the resource pool for all Treasury and Tax professionals working across the company.

Before taking the role in June last year, Tor Stian has had several leadership positions within Treasury and Cash Management in Equinor. He holds a Master’s degree in Economics and Business Administration from the Norwegian School of Economics (NHH). Equinor is an international energy company formerly called Statoil.

They have approximately 21,000 committed colleagues developing oil, gas, wind, and solar energy in more than 30 countries worldwide. As the largest operator in Norway, they are among the world’s largest offshore operators and a growing force in renewables.

They are the leading operator on the Norwegian continental shelf and have substantial international activities.

Engaged in exploration, development, and production of oil and gas, as well as wind and solar power, they also sell crude oil and are a major supplier of natural gas, with activities in processing, refining, and trading. Their activities are managed through eight business areas, staff and support divisions, and they have operations in North and South America, Africa, Asia, Europe and Oceania, and Norway.

On the podcast we discussed…

• How Tor Stian transitioned from football to treasury
• How sports values helped Tor Stian in his treasury career
• Why creating an atmosphere of trust is vital for leaders
• The importance of embracing innovation
• How Tor Stian approaches leadership
• Why focusing on competency works
• Tor Stian’s advice to anyone building a treasury career

You can connect with Tor Stian 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!

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