133 job vacancies at Central Bank

Thursday 05 June 2014 07.28
72 jobs vacant in the regulation area of the Central Bank
72 jobs vacant in the regulation area of the Central Bank

There are currently 133 vacancies at the Central Bank according to figures provided by the Minister for Finance in response to a Dáil question from Fianna Fáil's finance spokesman, Michael McGrath.

50 offers have been made and 27 have been accepted by candidates, according to the Minister.

The majority of the vacancies - 72 - are in the regulation area.

The Central Bank told Michael Noonan that it operates to a recruitment target of 10 weeks from the time a vacancy arises until a candidate is offered a job. On average this process takes 7.4 weeks.

The Central Bank has been hit by a wave of departures in recent times. Michael McGrath has expressed concern about the high turnover of staff at the Central bank and in NAMA.

"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, it is very worrying to have 133 positions unfilled in the Central Bank," Deputy McGrath stated. 

He said that the Minister for Finance needs to be pro-active and establish the reason why the Central Bank is finding it so difficult to fill these key positions. 

"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 concluded.