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 a Legal Manager – General Advisory on a contract of indefinite duration, in the Legal Division. This role is aligned with the Bank Professional 1 and the BP1 salary scale applies. Please click here for further information on our salary scales.
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.
The purpose of the role is to lead a team of experienced lawyers in the delivery of high quality legal advice and assistance in relation to central banking, financial regulation and resolution issues, as appropriate, to the Governor Commission, Deputy Governors, Director General (Financial Conduct) and related directorates an divisions in order to support the Bank in the delivery of its strategic objectives, ensuring that the Bank’s interests are protected, that relevant laws are observed and that legal risks are evaluated and managed effectively.
- Lead the analysis of legal issues and risks and the provision of high quality legal advice regarding all areas of the Central Bank’s business in relation to central banking, financial regulation and resolution functions, as appropriate, to provide an effective service and meet targets within agreed timelines, including management of liaison with respective divisions and external parties.
- Manage the activities of direct reports to ensure a high performing, well-motivated and developed team and scope programmes of work or inputs required (from either internal or external resources), ensuring that it is completed to the required standard in the most efficient and legally robust manner.
- Participate as a legal expert in international and domestic fora, including participation in LEGCO (in all its compositions), task forces, working groups, cross divisional steering groups and PLTs, to ensure that a valuable contribution is made and legal issues are effectively identified and addressed. Review and analyse ESCB/SSM written procedures on legal issues and prepare briefings for the Governor and senior management, ensuring that these issues are effectively and strategically identified and influenced.
- Contribute to the development of legislation in the areas of central banking, financial regulation and resolution, as appropriate, including drafting legislative proposals and regulations and the transposition of Directives and liaising and advocating with external stakeholders to ensure that the Bank has the legislation required to fulfil its objectives. In addition, keep abreast of Irish and international legal developments to highlight and advise on any implications for the Bank.
- Lead and manage strategy and activities in complex central banking, financial regulation and resolution litigation, as appropriate, and communicate effectively with senior management to enable the Bank to defend challenges to its authority and/or claims in damages.
- Liaise with external lawyers, including formulating queries for a legal opinion, reviewing the opinion and interpreting and communicating it to others in the Bank within agreed timelines and management of external litigation teams to ensure an effective external legal advice service is provided which appropriately safeguards the Bank’s interests and is cost-effective.
- Lead the drafting, negotiation and analysis of legal documentation concerning the Bank (including transposing ECB legal instruments and drafting legal documentation for central banking operations, as appropriate) to manage legal risk and meet targets within deadlines.
- Manage legal due diligence of Eurosystem-eligible collateral, including assets-backed securities and mortgage-backed promissory notes, as appropriate
- Professional legal qualification as a Solicitor or Barrister.
- Practising Certificate to Practise in Ireland (required for solicitors only).
- Specific further training on central banking or financial regulation law.
- Membership of the professional body the Law Society of Ireland is an indispensable condition of the tenure of the employment (for solicitors only). Admitted to the Roll of Barristers (required for barristers only).
- Typical experience will be at least 8 years post qualification experience, either as a barrister, or as a solicitor in house or in a top law firm.
- At least 6 years’ experience of working in the appropriate area (see technical skills below).
- Experience of engaging and interacting at a senior level (Experience in managing and leading a team also required).
- Specialist experience in central banking and financial regulation law
- Detailed knowledge of the law relating to the Central Bank, the Eurosystem, SSM, financial regulation and resolution and the work and role of the Central Bank, the Euro system and the SSM.
- Very good knowledge of European law, banking and financial services law, commercial, contract and insolvency law, constitutional and administrative law.
- Proven ability to display sound judgement and problem solving skills in making key legal and operational decisions.
- Strong relationship management skills and ability to manage, drive, motivate and develop a team of professionals.
- Ability to manage a challenging work list.
- Strong team ethic as work will involve close interaction with colleagues in the Division, throughout the Bank and with external stakeholders.
- Excellent oral and written communication skills.
- Ability to interact with and respond to senior management and Commission.
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.
Closing Date: 04/07/2022
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