Senior Manager – Ireland State Savings

Job title:

Senior Manager – Ireland State Savings

Company

National Treasury Management Agency

Job description

Necessary arrangements can be made at interview stage to accommodate the needs of candidates with disabilities. If you are having difficulty uploading your CV online or in fully accessing any information on this site please emailRole Profile
Job Title: Senior Manager, Ireland State Savings
Division/Function: Funding and Debt Management (FDM)
Reports to: Deputy Director, FDM. Head of Retail Debt.
Job Family: Investment, Asset & Liability Management
Role Type: Permanent*** Closing for Applications on 30th April 2025***Summary of the BusinessThe 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 borrowing for the Exchequer and the management of the National Debt, the State Claims Agency, the New Economy and Recovery Authority (“NewERA”), the Ireland Strategic Investment Fund, National Development Finance Agency and the NTMA Future Ireland Funds business unit with responsibility for the management of the Future Ireland Fund and Infrastructure, Climate and Nature Fund.The NTMA also assigns staff to the National Asset Management Agency, the Strategic Banking Corporation of Ireland (SBCI) and Home Building Finance Ireland (HBFI).Working at the NTMA offers excellent benefits including:

• Flexible work options including hybrid working and variable work hours
• An extensive wellbeing programme
• Excellent learning and development opportunities that allow for full career development within the organisation
• A diverse range of initiatives: LGBT+, Gender Matters, Disability Awareness, Sports & Social, Volunteering and lots more
• Reimbursement of annual professional membership fees
• Career average Defined Benefit Pension Scheme

Within the NTMA the Funding and Debt Management (FDM) unit is responsible for borrowing on behalf of the Government and managing the National Debt in order to ensure liquidity for the Exchequer and to minimise the interest burden over the medium term.In addition to its core functions of borrowing for the Exchequer and debt management, the FDM Unit performs a number of other functions including but not limited to:

• Prudential management of Exchequer Cash including daily short-term cash management operations to regulate the level of Government cash balances at the Central Bank of Ireland.
• Responsible for the ongoing development of primary and secondary markets for Irish government securities as well as broadening the investor base and diversifying the State’s sources of funding.
• Responsible for Ireland’s Investor Relations Programme and relationship with International Credit Rating Agencies including distribution of economic, funding and debt analysis.
• Production of and reporting on National Debt Service and National Debt estimates.
• Retail Debt: Managing Ireland State Savings – the brand name used by the NTMA to describe the range of Government savings products offered by the NTMA to personal savers.
• Carrying out treasury operations on behalf of ISIF.
• Providing Central Treasury Services for State bodies and local authorities.
• Managing the assets of the Dormant Accounts Fund.

Role SummaryThe Senior Manager role will include a wide range of responsibilities as part of a small dynamic team, including the management of the NTMA relationship with Agents, An Post and the Prize Bond Company (PBC), in relation to the distribution and administration of all Ireland State Savings products. This will include monitoring adherence to contracts and agreed service levels, oversight of Retail Debt administration and processes undertaken by An Post and the PBC and ensuring appropriate and timely management information is provided.Principal Accountabilities1. General

• Contribute to the development of the Ireland State Savings offering, be that in product development, modernisation of systems or contract renewal with Agents.
• Input to overall customer proposition to include customer offering and customer experience.
• Part of a large and exciting programme of digital development combining financial and technological disciplines.

2. Oversight and Governance

• Oversight of the Ireland State Savings Agents including monitoring the agreed service levels and contractual obligations.
• Lead contact between the NTMA and the Agents across a range of areas including service delivery, customer issues and day-to-day management.
• Oversight of the Prize Bond draw process and attend the weekly Prize Bond draw.
• Support the development and implementation of the Retail Debt strategy and projects.

3. Compliance and Risk

• Lead on customer related compliance matters such as AML and GDPR.
• Review and update Ireland State Savings risks in the Risk Register, Framework Risk Document, third-party monitoring of An Post and PBC and the Retail Debt unit policies and procedures.

4. Management Information (MI)

• Develop enhanced MI and analytics to drive decision making, product / customer strategy, pricing and scenarios analysis.
• Review regular MI and KPI packs received from Agents and advise on any material issues.
• Regularly reviewing market interest rates and retail market developments.

5. General Administration

• Coordinate responses to parliamentary questions and Ministerial representations on Ireland State Savings.
• General administrative tasks including records management.
• Calculate monthly fee invoices and prize fund.

Knowledge

• Understanding of the changing financial landscape and customer needs.
• Knowledge of the retail banking market, particularly the deposit and savings market, including Regulatory and Legislative issues.
• Interest in technology and innovation and how this can be applied in financial services, including Ireland State Savings.

Skills

• Effective team player with the ability to operate as part of a small dynamic team.
• Strong communication skills, both written and verbal.
• Proven stakeholder management skills with an ability to interact with relevant NTMA internal and external stakeholders including the Department of Finance and with Agents.
• Experience in forecasting and analysis tools.
• Strong personal drive, commitment, energy, and the resilience to thrive in a demanding environment.
• Results focused with a demonstrated ability to manage and execute multiple tasks within challenging deadlines, with attention to detail.
• Independent thinking coupled with strong negotiation and influencing skills.

ExperienceThe ideal candidate will have:

• Third level qualification preferably in Finance or Accounting (or related field).
• Minimum of 5 years relevant experience in retail banking, financial services or capital markets.
• Experience in finance, compliance and vendor management business partnering desirable.

Pension AbatementIf 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.The NTMA is proud to be an equal opportunities employer. We recognise that a diverse and inclusive workplace informs better decision making, creative thinking, innovation and drives business performance. We are strongly committed to ensuring that our workforce is representative of our society.The NTMA is proud to be an equal opportunities employer. We recognise that a diverse and inclusive workplace informs better decision making, creative thinking, innovation and drives business performance. We are strongly committed to ensuring that our workforce is representative of our society.

Expected salary

Location

Ireland

Job date

Fri, 18 Apr 2025 06:31:02 GMT

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