Deputy Governor (Monetary and Financial Stability)

Deputy Governor (Monetary and Financial Stability) Dublin, Ireland

The Central Bank of Ireland

The Central Bank of Ireland’s mission is to serve the public interest by maintaining monetary and financial stability while ensuring that the financial system operates in the best interest of consumers and the wider economy. It’s vision is to be a central bank that is trusted by the public, respected by its peers and a fulfilling workplace for its people.

The Central Bank’s new strategy recognises the accelerating pace of change in the environment in which it operates.  This requires it to continue to evolve, transforming it’s work and how it operates, while strengthening the resilience of the financial system, enhancing protections for consumers and investors and supporting economic policy development.  

Reporting to the Governor, the Deputy Governor (Monetary and Financial Stability) will be a member of the Executive Leadership Team which has overall responsibility for delivery of the Bank’s strategy and its transformation agenda across some two thousand colleagues.  The role holder will oversee the, Economics & Statistics, Financial Stability and Financial Operations Directorates.

The Deputy Governor will lead engagement with domestic, Eurosystem and broader international stakeholders representing the Central Bank on wider financial system matters and communicating its position on a range of topics in Europe and the rest of the world. 

The Deputy Governor will provide and shape advice to the Governor on a broad range of economic, monetary policy, financial stability, statistical, operational and portfolio management issues.  They will chair a number of the Central Bank’s Committees, including it’s Economic Policy and Research Committee which oversees all research on economic and financial regulation issues.  The Deputy Governor is the Governor’s alternate at the Governing Council of the European Central Bank.

This is a statutory role appointed by the Commission (the Central Bank’s Board) with the consent of the Minister for Finance.  The role-holder is an ex-officio member of the Commission.

The successful candidate will have
 

• Experience in central banking, a leading financial organisation or academic institution;
• Experience in economics, including macroeconomics, with credible thought leadership experience in monetary and financial policy and with the ability to provide strategic direction and advice on financial stability, financial operations and central banking functions (particularly in the context of the Eurosystem);
• A good appreciation of the requirements of portfolio management. 

• A track record of executive leadership in a large organisation with complex stakeholder engagement; experience leading strategic agendas through change is beneficial.
   
• An ability to communicate clearly (verbally and in writing), lead a large team of professionals, and exercise sound judgment on both policy and operational matters;
   
• A minimum of a University degree in Economics or Finance and relevant work experience.

The appointment is for a fixed five-year period, with opportunity to extend for a further five years.

This role is a rare and exciting opportunity to join the Central Bank’s Executive Leadership team, make a significant contribution in shaping domestic and international policy and serve the public of Ireland.

For a confidential discussion, you may contact Ruth Curran, Managing Partner MERC Partners | Spencer Stuart on +353 86 0837478. Applicants are invited to submit a CV and Cover Letter in strict confidence via email to 845711@spencerstuart.com

Closing date for applications is the 17^th of July 2022

All applications for the above position will be managed by the Central Bank’s executive search partner, Spencer Stuart. Spencer Stuart are the Data Controller for all personal data processed as part of this recruitment and selection process. Information on how your personal data is processed by Spencer Stuart and how you can exercise your data protection rights can be found in Spencer Stuart’s privacy notice and further information can be obtained by contacting Spencer Stuart using this email address: privacy@spencerstuart.com