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Dublin: 17 °C Saturday 23 August, 2014

Want to be a banker? You’re in luck

There are over 100 jobs up for grabs at the Central Bank.

THERE ARE CURRENTLY 133 job vacancies at the Central Bank.

Some 72 of these positions are in the regulation area, 20 are in central banking, 37 are in operations and four are related to senior management and investment roles.

Of the 50 offers made for the 133 vacancies, 27 have been accepted by candidates to date.

Fianna Fáil’s Finance Spokesperson Michael McGrath queried the high number of vacancies in the Dáil yesterday.

McGrath told TheJournal.ie that Finance Minister Michael Noonan needs to be “pro-active and establish the reason why the Central Bank is finding it so difficult to fill these key positions”.

Speaking in the Dáil, Noonan said he had “no role in the employment of staff” at the bank.

He said that the organisation’s staffing needs are defined by the Central Bank Commission each year.

‘Very worrying’

Noonan noted that the bank has set a recruitment target of ten weeks from the time a vacancy arises until a candidate is offered a job, adding that this process takes 7.4 weeks on average.

He said that seven of the current vacancies will fall outside the target 10 week window, “reflecting the difficulty of recruiting for some highly specialised roles”.

McGrath said it was “very worrying” that so many positions were unfilled “at a time when there is a need for a robust system of Central Bank supervision of the economy and strong regulation of the financial sector”.

“In addition to these vacancies, the Central Bank and other specialist State agencies such as NAMA seem to have a high turnover of staff at a senior level. This could potentially have a negative impact on the quality of work such bodies do for the country,” he added.

Read: Central Bank issues warning over “China Construction Bank Mexico”

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