The Central Bank of Ireland serves the public interest by maintaining monetary and financial stability while ensuring that the financial system operates in the best interests of consumers and the wider economy.
We currently have a vacancy for Director Capital Markets & Funds on a contract of indefinite duration in Regulation & Supervision. This role is aligned with the Bank Director grade and Director salary scale. New entrants will commence on Point 1 of the relevant salary scale; in this case the starting salary will be €216,841. Please click for further information on our salary scales.
The Director Capital Markets & Funds is a significant leadership role and is critical to ensuring effective supervision of the Capital Markets & Funds sector in line with our mission and mandate while representing the Central Bank’s supervisory agenda at a national and international level. The role holder will also be a member of the Central Bank’s Senior Leadership Team that has responsibility for development and execution of the strategy of the Bank and leading their Directorate through a value led culture.
You will have a unique opportunity to lead and oversee the supervision of the funds sector, investment firms retail intermediaries and securities & markets, driving integrated supervision of the sector and individual firms to deliver the Bank’s four safeguarding outcomes: protection of consumer & investor interests, safety & soundness of firms, integrity of the system and financial stability. The successful candidate will demonstrate the capability to become a trusted and leading authority within the stakeholder community, fostering strong relationships and delivering impactful outcomes.
Responsibilities
Strategic Leadership & Vision: Working in partnership with horizontal regulatory policy and supervisory areas, lead the development and implementation of the vision and strategy for risk-based, outcomes-focused supervision of the capital markets and funds sector in an integrated way across our four safeguarding outcomes.
Regulatory Implementation: Oversee the implementation of supervision of new domestic and European legislation relating to capital markets and funds activity and ensure effective and efficient regulation of the sector.
Team Leadership & Culture: Lead and coach direct reports to ensure a high-performing, well-motivated and developed team. Promote a culture of continuous improvement by identifying and acting on opportunities to enhance the effectiveness and efficiency of the Directorate and the overall Bank, including staff development.
Stakeholder & External Relations: Represent and communicate the Central Bank’s position across a wide range of domestic and international fora relevant to the sector. Manage complex public and private sector stakeholder relationships. Play a leadership role in supervisory convergence at EU level, particularly through European Securities Markets Authority (ESMA).
Policy & Financial Stability: Lead the directorate's contribution of supervisory expertise and insights to regulatory policy and financial stability work nationally and internationally.
Act as an advisor to the Central Bank Commission, Governor, Deputy Governor and colleagues on capital markets and funds supervision matters.
Senior Leadership: Contribute, as a Senior Leader in the Central Bank, to being a cohesive and collaborative member of the Senior Leadership team, including participating in the development and implementation of the strategy of the Bank. Be a role model for the Central Bank’s values.
Requirements
Extensive understanding of international capital markets and funds sector, including the interaction between various market participants and the interests of investors, issuers and other users of securities markets.
Comprehensive understanding of both the domestic and European regulatory and supervisory environment as it pertains to capital markets and funds, and strong supervisory, industry or regulatory experience (experience of a combination of these would be particularly desirable).
Good knowledge of relevant legislation, including all associated domestic legislation and domestic, EU and international policy as it pertains to securities markets and their supervision.
Proven track record of leading and coaching senior leaders and professionals, developing high-performing teams, and building organisational capability through talent development. Capacity to manage and motivate a diverse team and oversee a complex functional portfolio, with a focus on performance, continuous improvement and high-quality output.
Experience of leading, working effectively across and influencing within large complex organisations and broader stakeholder systems.
Excellent communication and influencing abilities, with demonstrated capacity to operate at board level, translate technical concepts for non-technical audiences and represent the organisation strongly at external forums.
Strong strategic planning and financial management capability.
Master’s degree in finance and/or Economics discipline associated with Financial Services and Markets or equivalent professional experience.
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.
The Central Bank of Ireland is an equal opportunities employer.
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