Head of Function – Fund Service Providers

The Central Bank of Ireland serves the public interest by safeguarding monetary and financial stability and by working to ensure that the financial system operates in the best interests of consumers and the wider economy.

We currently have an opportunity for the role of Head of Function – Fund Service Providers on contract of indefinite duration in the Funds Supervision Division within the Securities and Markets Supervision Directorate. This role is aligned with the Head of Function grade and the HOF salary scale applies. Please click here for further information on our salary scales.

The Funds Supervision Division is responsible for the authorisation and supervision of Investment Funds and Funds Service Providers established in Ireland.

The purpose of this role is to lead, develop and oversee teams of professional experts in the supervision of the Funds Sector using a risk-based, outcome-focused approach, to ensure compliance with regulatory standards. The Head of Function will assist in setting the strategic direction for the Funds Supervision Division and broader Securities and Markets Supervision Directorate, representing the Division and helping to manage all relevant stakeholder relationships.

The role holder will be responsible for a number of teams in the Division covering such areas as depositories, management companies and funds services providers duties.

The key responsibilities of the role will include:

• Take a lead role in developing the function’s strategy, and contribute to the development of the overall strategy for the Division and the Directorate, to ensure the objectives and strategic outcomes for the Division, Directorate, Pillar and the Central Bank as a whole, can be realised.
• Oversee the supervision and authorisation of firms through the embedding of PRISM and risk-based supervision to deliver appropriate supervisory outcomes with a view to ensuring that risks within these firms are mitigated in line with the Central Bank's stated objectives;
• Lead and coach the team to ensure a high performing, well-motivated and effective team and create an environment where people can develop to their full capability. Inspire individual team members to take ownership for delivering the team’s objectives and Bank’s objectives. Foster and maintain a culture within the team where people display high levels of expertise, mutual support and an open culture of mutual challenge to ensure the team’s experience and perspective can deliver high quality outcomes.
• Work closely with other senior management in the Securities and Markets Supervision Directorate to develop both the Division and the Directorate’s approach to a wide array of supervisory, policy and operational matters;
• Establish effective working relationships with key internal and external stakeholders;
• Contribute to the on-going development and enhancement of the Central Bank’s regulatory regime through participation in relevant internal committees and working groups.

The successful candidate should possess the following:

• Experience at Senior Management level is required or alternative relevant experience.  Relevant experience may include experience in legal/policy or management roles related to investment funds/ primary securities markets or related sectors.
• Deep knowledge of relevant legislation supporting the work of the division, including the Alternative Investment Fund Managers Directive (AIFMD), the Undertaking for Investment in Transferable Securities Directive (UCITS) and the Markets in Financial Instruments Directive (MiFID).
• Level 9 masters’ degree in a finance or legal discipline associated with securities markets or equivalent professional experience
• In depth knowledge of the investment management and investment fund industry in Ireland and Europe and a robust understanding of the role and duties of a regulator.

It is important to us that our people have flexibility in their role and we will shortly transition to a hybrid working model where they can balance their time between working from home and our office.

We know it's our people who make the Central Bank special and we are focused on creating a diverse, inclusive, fulfilling and progressive work environment. We encourage applications from candidates with different backgrounds, experiences and perspectives as it strengthens us, as individuals and as an organisation.  We are committed to positively supporting candidates with disabilities. If we can make any reasonable accommodations for you in the recruitment process in order to give you the opportunity to perform to your best, please let us know. Any information that you provide will be used only for the purposes of providing relevant support and will have no bearing on how your application will be viewed.  

Application Details: 
Closing Date: 03/07/2022

To apply, please complete the application form attached (via the “apply” link). This allows you to tell us why you are the best fit for us. Before starting your application you will be asked to create a profile with us, this will allow you to track and review your application throughout the process. Click "register" to create a profile and complete the application process.

Once your application has been successfully submitted you will receive an automatic email from us acknowledging receipt. If you do not receive this auto-acknowledgement, please contact recruitment@centralbank.ie

The Central Bank pension scheme mirrors the rules of the civil service pension scheme. Therefore if you are in receipt of civil/public service pension, abatement may apply to your current pension.  Details of the appropriate pension scheme will be provided upon determination of the appointee’s status.
 

Cuirfear fáilte roimh chomhfhreagras í nGaeilge.
The Central Bank of Ireland is an equal opportunities employer.