For Recruiters

Senior Supervisor - Intervention and Restructuring

Central Bank of Ireland
Dublin, Ireland
Posted 7 days ago Hybrid Permanent Salary Scale

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 Senior Supervisor on a contract of indefinite duration, in Registry of Credit Unions Division. This role is aligned with the Bank Professional 2 grade and the BP2 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 analyse, define and implement intervention strategies and solutions for specific individual credit unions. The role will involve the management of a sub team within the Intervention and Restructuring team in RCU that is focussed on the supervision of weakened and distressed firms within the sector, using a risk-based, outcome-focused approach to supervision.
The role, through its identification of distressed entities is key to delivery of RCU’s strategic objective of supporting sectoral consolidation, risk identification and remediation and developing supervisory approaches commensurate with the evolving risk profile of the sector.
Responsibilities:

  • Lead the prudential supervision of a specific portfolio of credit unions to ensure the protection of members’ funds and maintenance of the financial stability and well-being of credit unions generally.
  • Manage a specific portfolio of credit unions so that appropriate and legally robust actions for these credit unions are identified, implemented and reported effectively. This will require the identification, selection and utilisation of relevant regulatory powers and provisions, in order to drive risk mitigation.
  • Provide team members with in depth technical and sectoral expertise and specialist knowledge, including identification of relevant legal provisions, to ensure the progression of solutions for distressed credit unions, imparting your technical expertise and high standards as part of the process.
  • Contribute to the leadership and development of the overall team, in close collaboration with the Team Lead through:

- effective planning and direction to ensure team deliverables are met to a high quality standard;

- assisting selection and recruiting of  staff with appropriate skills and experience; and

- training, development, coaching and performance management of a team of staff.

  • Advance information sharing internally within the Division, Directorate and Bank and externally, as appropriate, with credit unions and sector stakeholders to foster collaboration and sharing of knowledge. 
  • Support the Team Lead in contributing to the development of the Divisional and Directorate strategy and operational plans and ensure the delivery of the relevant Divisional Balance Scorecard objectives.
  • Contribute to the development of best-in-class approaches in this field/area of expertise to ensure the Credit Institutions Directorate can deliver on its mandate and achieve its prudential vision.
  • Participate in, and represent the Central Bank at, national fora involving stakeholders for the credit union sector as appropriate e.g. annual information seminars, credit union body events and meet and present to international bodies such as IMF, International Credit Union Regulators Network on implementation of supervisory strategies and outcomes.

 Requirements:

  • A third level honours degree or professional qualification in the area of law, business, accounting, finance, economics, maths, risk or any related professional discipline, is preferable.
  • Subject matter expertise on credit unions is a key requisite, in the form of strong knowledge of the regulatory and legal framework (to include interaction with resolution legislation) and understanding of the credit union business models, key risk drivers and supervisory approaches.
  • 7-10 years’ experience in regulation, financial services or supervision within the financial industry desirable.
  • Excellent capability in managing and delivering on difficult/ contentious issues with regulated entities, including having an ability to challenge senior management on subjective issues.
  • Excellent verbal and written communication in particular the ability to relate to senior management and staff.
  • Experience of leading teams/ peers in the delivery of work objectives.
  • Strong analytical, problem solving decision making and planning skills, including a proven ability to critically assess complex/once off regulatory issues and problems with the ability to distil significant volumes of information, identifying solutions for root causes of issues.
  • The role holder should also have some knowledge of the other operational areas of the Central Bank that interact with credit unions, including Consumer Directorate, Anti Money Laundering Unit, Legal and Enforcement. 
  • Strong people management, coaching and developmental orientation.
  • Ability to act professionally, ethically and with integrity.

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.  

Application Details: 
Closing Date: 01/07/2022


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

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