Head of Function – Funds Policy - MPD
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 the role of HOF Funds Policy on contract of indefinite duration in the MPD. This role is aligned with the HOF grade and the HOF salary scale applies.
The purpose of this role is to lead a team of fund policy professionals within the Markets Policy Division, by providing the strategic direction with regard to the regulation of investment fundsto ensure that policy development for each of these is carried out in an effective and timely manner .
- Devise and secure agreement within the Policy and Risk Directorate to a strategic plan and annual work plan for the continuous development of Central Bank policy in relation to the regulation of Investment funds. The strategic plan and annual work plan should evidence a good overall grasp of the stakeholder environment, both internal and external, and contain a quality of ambition to achieve high standards of policy formulation and discharging its domestic legislative mandates to develop and maintain appropriate regulatory policies for the relevant sectors in Ireland, recognizing Ireland’s leading role in the European and global fund and asset management industries.
- Lead and develop a team of Funds policy professionals to ensure a high performing, well-motivated and effective team in the normal course of policy work, a team who continuously develop their skills and who achieve the required results for the Central Bank. Maintain and foster a culture within the team where the members display high levels of expertise, evidence of robust performance management, individual initiative and mutual support, an open culture of mutual challenge, and evidence of commitment to high quality outcomes so that the teams’ expertise and perspective inform strategy discussions and decisions as appropriate; and a strong vision for and effective project management of projects to support timely, effective and high quality delivery.
- Ensure that the Central Bank is represented effectively on all committees of international organisations [European Securities and Markets Authority (ESMA) / European Systemic Risk Board (ESRB) / International Organisation of Securities Commissions (IOSCO) / Financial Stability Board (FSB)] so that the Central Bank's interests are appropriately represented. Put in place effective systems for planning international interventions, implementing those interventions and overseeing any implementation that follows from those interventions so that the quality of Central Bank of Ireland interventions internationally continuously improves. Active participation in such interventions that require a senior, expert representative with influencing capacity to sway senior European and international committees and to lead and co-ordinate negotiations on behalf of the Central Bank where needed.
- Oversee and lead the relationship between the Funds Policyfunction with the Department of Finance and other relevant Government departments and relevant industry bodies to ensure that these relationships are managed in such a way as for the Central Bank to effective communicate its policy objectives and ensure that industry understands the impact of new regulatory developments (e.g. through influencing and negotiating at a high level and representing the Central Bank effectively at public events and, if necessary, in media).
- Lead and present internally on fund policy proposals. This involves explaining the proposed policies at PolCo, ELC, to the Commission of the Bank and at other internal committees so that all relevant internal stakeholders are fully informed. Develop a strong relationship with the relevant supervisory director and senior management in the supervisory areas which MPD policy work supports so as to ensure that supervisory input is taken into account and policy and supervisory activities are suitably aligned and that expertise can be developed within the supervisory areas in emerging regulatory policies.
- Make a contribution to the development of wider Policy and Risk Directorate strategy as a member of the senior management team and also to the development of strategy of Central Bank regulation and the Central Bank as a whole as a member of the Leadership Network.
- A first class or 2(1) third level honours degree in any subject indicating strong analytical, judgement and compositional skills or professional qualification preferably in law, finance, economics, risk, accounting, business or any related professional discipline with evidence of strong professional training performance is desirable.
- At least 10 years relevant experience. Relevant experience may include experience in a legal/policy or management role related to investment funds, a related sector or alternatively relevant investment fund supervision or an equivalent. It is likely to include significant experience at a management level.
- Evidence of experience operating autonomously in negotiations or in dealing with complex legal concepts at an advanced level or of leading staff engaged in same.
- A very strong knowledge and understanding of the European and Irish legislative and regulatory framework for the investment funds sector. A broad knowledge and understanding of the wider investment firms and markets area .
- Ability to proactively source relevant information from inside and outside the Central Bank and inside and outside Irish industry to evolve original solutions to complex policy questions.
- A good understanding and experience of the networks of influence relevant to CBI policy effectiveness.
- The role holder will display very strong personal effectiveness and autonomy in terms of time management, utilising I.T. and making effective use of all other available resources.
- The role holder will be expected to be adaptable and capable of contributing substantially to the resolution of unexpected and unanticipated problems.
- Proven ability to motivate and inspire a team of highly qualified professionals and to build collaboration within the Central Bank.
- Strong stakeholder management and interpersonal skills, with an ability to develop senior relationships domestically and abroad.
- Demonstrated focus on effectiveness and delivery.
- Well-developed strategic abilities.
Closing date: 12th December 2021