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 Policy Manager on a contract of indefinite duration, in Registry of Credit Unions 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 professionals with responsibility for the development, implementation and interpretation of the regulatory policy framework for the credit union sector and to ensure production of high quality, technically accurate proposals/ recommendations and evidence-based policy in a timely and efficient manner. This is to deliver on the RCU strategic objective to promote the embedding of the strengthened tailored regulatory framework/regulatory compliance in order to ensure the protection by credit unions of members’ savings and maintain the financial stability and well-being of credit unions generally, in accordance with the statutory mandate of the Central Bank. The team also provides technical policy support and undertakes quality assurance on aspects of the prudential supervision of credit unions.
- Provide leadership and development of the team through effective direction, delegation, performance management and coaching to ensure all staff members can achieve the required performance standards and meet their own job enrichment / development objectives
- Lead the RCU approach to credit union policy development, analysis and implementation, ensuring that agreed processes are followed in order to deliver high quality, technically accurate and evidence-based policy in a timely and efficient manner in order to ensure the protection by credit unions of members’ savings and to maintain the financial stability and well-being of credit unions generally.
- Proactively engage with all relevant stakeholders, both internally (RCU and other Divisions) and externally (Dept of Finance, credit union bodies, credit unions, international bodies and regulators – ICURN, IMF, PRA), to foster a culture of collaborating, sharing and influencing at all stages in credit union policy development (pre-consultation, regulatory impact analysis, consultation, post–consultation engagement). External engagement includes through information seminars, newsletters, presentations, and meetings and project management of peer and other projects.
- Provide development and appropriate training and supports to staff across the Division (through guidance, training, responding to queries and developing supervisory supports for supervisors) to ensure that policy outcomes are understood, applied and communicated as intended to credit unions through supervisory engagements and oversee quality assurance work programme on key areas.
- Conduct horizon scanning in order to remain alert to the changing external environment impacting on the provision of financial services and credit unions and the impact on existing credit union policy in order to anticipate any need for proposed changes to regulations or to advocate for legislative change.
- Participate in and represent the Central Bank at national fora for the credit union sector as appropriate e.g. annual information seminars, credit union body events and plan approach, meet and present to international bodies such as IMF, International Credit Union Regulators Network on policy strategy development approach, implementation /outcomes and support RCU management on communications and engagement including speeches.
- Contribute to the development of the Divisional strategy and operational plans and to local management discussions. Ensure the delivery of the relevant Divisional strategic objectives and annual work plan and take responsibility for delivery of key elements of projects relevant to the Directorate
- A third level honours degree and/or professional qualification in business, finance, economics, law or any related discipline.
- 10 years relevant experience in financial regulation, financial services industry and /or policy analysis/regulation of which 5 years’ experience at manager level in leading, managing and developing a team of professionals’.
- Detailed understanding of the role, mandate and powers of the Central Bank.
- Detailed understanding and knowledge of domestic credit union legislation, regulation and guidance and knowledge of international regulatory frameworks for credit union sectors.
- Relevant experience includes inter alia: working in financial supervision, regulatory policy in the credit union or financial services sector, compliance or risk-management functions.
- Strong analytical, problem solving, decision making, planning and organisational skills.
- Proven ability to critically assess complex/once off regulatory and legal issues and problems with the ability to distil significant volumes of information, identifying solutions for root causes of issues.
- Proven experience of policy formulation and implementation.
- Project management skills to cover ability to set up and manage projects within the functional area of Policy (e.g. development/enhancement of regulations, consultation/regulatory impact/feedback statements, design and implementation of key processes and procedures).
- Detailed knowledge and understanding of key risk drivers, supervisory approaches and sector business models. Extensive understanding/experience of the credit union sector and the practical operation of firms within the sector.
- Excellent verbal and written communications skills and presentation skills, particularly in representing the Division’s policy view and the ability to relate to senior management, staff and external stakeholders and in preparing key RCU documents for publication,
- Excellent impact, influencing, and negotiation skills in the context of managing consultation processes on proposed regulations - involves managing expectations of internal and external stakeholders regarding outcomes and negotiation on individual aspects to ensure overall range of measures proposed are well understood and broadly supported.
- Excellent capability in managing and delivering difficult/contentious issues with credit unions and other sector stakeholders.
- Strong people management, coaching and leadership skills.
- Ability to act professionally, ethically with integrity and conviction.
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: 30/06/2022
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