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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Dublin, Ireland

Salary: $96K - $123K

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 a vacancy for an Investment Desk Manager on a contract of indefinite duration in the Financial Markets Division. This role is aligned with the Bank Professional 1 grade and the BP1 salary scale, between €96,335 and €122,505 applies. Please click here for further information on our salary scales.

The role involves:

  • Leading and developing a team of portfolio specialists responsible for the active management of the Central Bank’s (€15bn plus) fixed income investments, across a range of currencies;
  • Investing across actively managed Marked to Market (MTM) and Held to Maturity (HTM) portfolios;
  • Including management of a portion of the foreign reserves of the Eurosystem on behalf of the ECB, plus the fixed income element of the Central Bank’s pension fund; and
  • Contributing to proposals for the strategic development of the Bank’s investment assets.

Responsibilities:

  • Manage, monitor and evaluate the performance and strategies of the investment portfolio management specialists (including senior specialists) to ensure that investment desk processes and procedures are proactively maintained and executed effectively.
  • Cultivate a culture of adherence to risk limits, operational risks and business continuity planning.
  • Responsible for allocation of risk budget within the team, ensuring that investment portfolio management specialists (including senior specialists) are making considered risk/return decisions on position taking within defined parameters while retaining responsibility for use of risk budget up to approved level.
  • Ensure that active risk taking positions are robustly researched, analysed and executed with a view to optimising return on the portfolios under management subject to agreed constraints.
  • Provide leadership and development to the team through effective direction, delegation, performance management and coaching.
  • Contribute to the strategic discussions and decisions on the Investment Assets and Pension Fund, as a member of the Central Bank’s Investment Committee and the Pensions Investment Advisory Committee, recommending strategies that optimise returns within acceptable risk parameters.
  • Contribute proactively as member of Eurosystem’s Working Group on Foreign Reserve Assets to ensure effective Central Bank representation at this forum.
  • Keep up to date with market developments, new investment products and factors/areas impacting markets and the investment portfolio, communicating on such to local and senior management.
  • Oversight of presentations on portfolio performance to Central Bank senior management, the Trustees of the pension fund and other senior stakeholders to ensure that all are informed on developments on the portfolio in terms of return, active risk positions and the general investment environment.

Requirements:

  • Degree in Quantitative discipline such as Business, Finance, Maths, Economics. MSc in related discipline (Investment & Treasury, Risk Management) or CFA qualification an advantage.
  • 10 years’ experience in a Financial Markets / Asset Management / Investment Environment. In-depth knowledge of fixed income investment instruments.
  • Strong quantitative, analytical ability, proficient in use of Bloomberg and knowledge of trading platforms and systems
  • Leadership, stakeholder & relationship management, decision making, resilience, performance focus.

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 email our Disability Inclusion Partner, Rebecca Daly at Rebecca.daly@centralbank.ie or 01 224 6711. 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.

We have recently implemented a hybrid working model to balance the flexibility working from home provides with the value our office environments bring to support collaboration and connection with colleagues. Our approach to hybrid working enables colleagues to work from home up to 50% of working days, building on an existing broad range of flexible working policies and practices already in place to support our people achieve the right balance.

Our policies also provide insight into our organisational culture, work environment and working arrangements. Here are some of the key policies (subject to ongoing review and amendment) which may be of interest as you consider a career with us.

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.

Application Details:

Closing Date: February 16th

To apply, please complete the application form attached (via the “apply” link).

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.

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The Central Bank of Ireland is an equal opportunities employer.