Requisition ID 5286 - Posted - Investment Banking - Permanent Closing Date for Applications: Monday 02nd September 2024 Summary of the Business The National Treasury Management Agency (NTMA) provides asset and liability management services to the Irish Government. It has evolved from a single function agency managing the National Debt to a manager of a complex portfolio of public assets and liabilities. Businesses managed by the NTMA include the State Claims Agency, the New Economy and Recovery Authority (NewERA), the Ireland Strategic Investment Fund and the National Development Finance Agency. The NTMA also assigns staff to the National Asset Management Agency (NAMA), the Strategic Banking Corporation of Ireland (SBCI) and Home Building Finance Ireland (HBFI). See www.ntma.ie for more details.
Future Ireland Funds In October 2023, the Minister for Finance announced the proposal to establish two new funds, namely the Future Ireland Fund (FIF) and the Infrastructure, Climate and Nature Fund (ICNF). The NTMA will oversee and manage both the FIF which aims to ensure steady and long-term support for state expenditure from 2041, and the ICNF which is designed to bolster state spending after 2026 in response to economic downturns or to fund environmental initiatives between 2026 and 2030. Following the Minister's announcement, the landmark Future Ireland Fund and Infrastructure, Climate and Nature Fund Act 2024 was signed into law in June 2024.
The NTMA is establishing a new business unit, the Future Ireland Funds, to manage the FIF and ICNF and is seeking suitable candidates for a number of key roles. This is an exciting opportunity to join a new and growing team to deliver this significant new mandate.
Working at the NTMA offers excellent benefits including: Flexible work options including remote working and variable work hours Excellent learning and development opportunities that allow for full career development within the organisation including education support and paid study leave Reimbursement of annual professional membership fees Competitive salary and 25 days annual leave Career Average Defined Benefit Pension Scheme A diverse range of initiatives: LGBT+, Gender Matters, Disability Awareness, Sports & Social, Volunteering and lots more Principal Accountabilities The principal responsibilities across the two roles will include the following, with the specific responsibilities for each role to be determined as the team structure evolves:
Investment Strategy: Ongoing development, refinement and implementation of comprehensive investment strategies to meet each Fund's mandate. Portfolio Management: Oversight and management of the investment portfolio, ensuring alignment with the fund's investment strategy and risk tolerance. Market Analysis: Conduct detailed financial market analysis to identify investment opportunities and risks. External Manager Research: Conduct detailed research on external managers, primarily liquid market managers. Selection of investment managers and ongoing monitoring of their performance. Management of the overall performance and risk of each of the mandates, in line with appropriate benchmarks. Stakeholder Communication: Communicate effectively with stakeholders, including external investment managers, market counterparts, other NTMA departments and governance fora. Working collaboratively with colleagues, partners and stakeholders, promoting a culture of high performance and continuous improvement. Knowledge and Experience The ideal candidate will:
Have a third level qualification in Finance, Economics, Accounting, Science, Engineering, or a related discipline; Advanced degree, and/or CFA designation are helpful. Demonstrate a keen and well-informed interest in investment. Experience Minimum 10 years' experience in an investment/fund management or equivalent environment. Experience developing and delivering strategies involving input from, and coordination across, multiple stakeholders. Experience of investment in public and private markets an advantage. Skills Strong investment acumen and experience. Proven stakeholder management skills with an ability to interact with relevant NTMA stakeholders at a senior level. Individual needs to be diligent, self-motivated and a clear thinker. A flexible team player capable of managing a number of stakeholders in a professional manner. Comfortable with evolving and changing priorities. Personal characteristics of integrity, discipline, curiosity, commitment. Experience in managing direct reports is desirable but not essential. Pension Abatement If an appointee has previously been employed in the Civil or Public Service and that appointee is entitled to or in receipt of a pension from the Civil or Public Service or where a Civil/Public Service pension comes into payment during the appointee's re-employment that pension will be subject to abatement in accordance with Section 52 of the Public Service Pensions (Single Scheme and other Provisions) Act 2012. Please note: In applying for this position, you are acknowledging that you understand that the abatement provisions, where relevant, will apply. It is not envisaged that the employing Department/Office/Body will support an application for an abatement waiver in respect of appointments to this position. Applicants will be required to complete a Pre-employment declaration to confirm whether they have previously availed of a Public sector pension scheme.
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