Central Bank of Ireland

Head of Function – Enforcement Investigations

Dublin, Leinster (IE)
04 Sep 2019
15 Sep 2019
Practice area
Crime, Regulatory
7 years+
Full time
Contract type

Senior Leadership Opportunity: Head of Function – Enforcement Investigations (Market Conduct).  

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

The Central Bank is currently recruiting for a Head of Function – Enforcement Investigations (Market Conduct).  The purpose of this role is to direct, lead and develop a multi-disciplinary team in the progression of markets enforcement cases to ensure that these result in appropriate outcomes in accordance with the Central Bank’s Enforcement Mandate.

Specifically, this individual will be responsible for the set-up of a new functional area specialising in the investigation of market misconduct, both criminal and regulatory.  The development of the Central Bank’s capability to take enforcement action for market misconduct is a priority given the recent growth of the wholesale markets sector in Ireland.

Working with the Director and Head of Division, the individual recruited to this role will also be responsible for driving completion of the Division’s annual work program and, lead the shaping and implementation of the Enforcement Strategy, delivering on the Central Bank commitment to provide a credible threat of enforcement and holding individuals to account.

This role is offered on a Contract of Specified Duration for a 2 year period and is aligned with the Bank’s Head of Function salary grade.  Please click here for further information on our salary scales.

Key Accountabilities:

The key accountabilities for the role will be to:

  • Direct, lead and develop a multi-disciplinary team of highly qualified professionals who are supported in meeting their own job enrichment /development objectives, and deliver the required results for Enforcement and the Central Bank.
  • Manage ongoing market misconduct investigations conducted under the Markets Assessor Regime, the Administrative Sanctions Procedure or alternatively, under the Central Bank’s criminal prosecution powers.
  • Develop a strategy for the growth of the Central Bank’s markets enforcement capability, whether in a regulatory or criminal context.
  • Lead Enforcement’s response to litigation which may arise out of those cases.
  • Shape and influence the strategic thinking of Enforcement in relation to the various legal and policy issues that arise, both generally and also in Markets enforcement cases, so that the Division can progress its cases and mandate effectively.
  • Liaise with supervisory divisions within the Central Bank in order to facilitate the efficient and effective referral and progression of cases, and to enhance key stakeholder relationships.
  • Working collaboratively with the other Heads of Function and the wider team to support the Director and Heads of Division in their roles, ensure continuous knowledge sharing, development of best practice procedure and effective resource allocation across the entire Division.
  • Promote a culture of continuous improvement and development; seek to identify and act on opportunities to increase the effectiveness and efficiency of the Division and quickly and appropriately identify and remedy efficiency weaknesses which may arise.
  • As a senior enforcement expert, participate in relevant domestic or international fora, including participation in working groups, committees and speaking engagements, representing the Central Bank to ensure that a valuable contribution is made by Enforcement and that relevant enforcement issues are identified and/or communicated.
    Person Specification:
    The role holder is expected to possess and demonstrate the following skills and experience:
  • Experience in the investigation of market abuse, ideally both in a criminal and regulatory context.
  • Experience of some or all of the following: criminal prosecutions, administrative/regulatory and financial services law and litigation, large complex litigation and /or leading large/complex investigations.
  • An understanding of wholesale markets and market participants.
  • Highly analytical, able to interpret large volumes of complex information quickly and accurately and the ability to make logical and timely decisions, cutting through complexity and seeing the big picture.
  • A high level of relevant academic achievement in the fields of litigation, administrative law, financial services law, risk, compliance, forensic investigation, internal audit or any related professional discipline. Professional legal qualification as practising solicitor or professional accounting qualification e.g. ACA, ACCA, CPA.
  • Membership of the professional body the Law Society of Ireland is an indispensable condition of the tenure of the employment (for solicitors only).
  • Strong project management skills and proven ability to manage and balance a diverse portfolio of activity.
  • Excellent verbal and written communication with an ability to communicate with, and influence effectively, individuals at all levels from across the organisation and the financial services industry as a whole.
  • Strong people management, coaching and leadership skills and an ability to monitor and review high and low performance of a team, providing support and guidance to ensure success.
  • Excellent negotiation and advocacy skills

Application Details

Closing date: 15th September 2019 

Expected Interview Date: 23rd September 2019 

To apply, please complete the application form attached (via the link below). As the application form plays an important role in the shortlisting and selection process, it is essential that it be completed fully. 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 Gaven Bilsland on 01 224 6193 or email recruitment@centralbank.ie.
Cuirfear fáilte roimh chomhfhreagras í nGaeilge.
The Central Bank of Ireland is an equal opportunities employer.

We encourage applications from diverse candidates. If we can make any accommodations to enable us to see the best version of you during interview, and/or in how you carry out your role in the Central Bank, please let us know.  All information disclosed will be kept confidential.