Job title

Investment Manager

Division

Future Ireland Funds

Reports to

Senior Investment Manager / Deputy Director

Contract Type

Permanent

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 National Debt, State Claims Agency, New Economy and Recovery Authority (NewERA), Ireland Strategic Investment Fund, National Development Finance Agency and the Future Ireland Funds. The NTMA also assigns staff to 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 – 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 Long-Term Investment Strategies for both the FIF and ICNF were published in January 2026.

Working at the NTMA offers excellent benefits including:

• Flexible work options including remote working and variable work hours
• Competitive salary and 26 days annual leave
• Career Average Defined Benefit Pension Scheme
• 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
• An extensive wellbeing programme
• A diverse range of initiatives: LGBT+, Gender Matters, Disability Awareness, Sports & Social, Volunteering and lots more

Role Summary

The Future Ireland Fund team is tasked with the delivery of the FIF and ICNF mandates.  The NTMA is seeking an Investment Manager which provides a unique opportunity for talented and motivated individual to join the Future Ireland Funds team and to gain exposure to the highest standards of the investment management industry.

The candidates will play a key role in the team responsible for the ongoing development and implementation of the Funds’ investment strategies, the management of the investment portfolios, the oversight of third-party investment managers and the management of the investment performance and risk against appropriate benchmarks. The role will also involve liaising and working with Future Ireland Fund colleagues on portfolio management, ESG implementation, risk and performance requirements as well as initiatives within the wider NTMA.

All members of the Future Ireland Funds team are required to remain flexible to respond to the dynamic nature of the mandate – this may require team members to apply their skills outside of their core areas of responsibility, from time to time.

Principal Accountabilities

The principal responsibilities will include the following:

• Investment Strategy: Ongoing refinement and implementation of the Long-Term Investment Strategy for each Fund across public and private assets
• Public Portfolio Management: On a daily basis, partner with the team to oversee and manage the public investment portfolio, ensuring alignment with the Long-Term Investment Strategy and risk tolerance
• Holistic Portfolio Management: Responsibility for total portfolio considerations implementing the Long-Term Strategy for each Fund across both publics and privates
• Market Analysis: Conduct detailed financial market analysis to identify investment opportunities and risks primarily in public asset classes
• External Manager Research: Conduct detailed research on external managers, primarily public, liquid managers
• Key contributor when selecting public investment managers and monitoring ongoing performance
• Management of the overall performance and risk of each of the public 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 or a related discipline; Advanced degree, Masters and/or CFA designation are helpful

• Demonstrate a keen and well-informed interest in investments

Experience

• 7+ years’ experience in investment management, investment consulting or equivalent environment
• Experience developing and delivering strategies involving input from, and coordination across, multiple stakeholders
• Public and private markets investment experience is an advantage

Skills                  

•     Strong communication skills

•     Strong investment acumen and experience

•     Individual needs to be diligent, detail-oriented, self-motivated and a clear thinker

•     Experience with financial modelling

•     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 and commitment

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.

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.

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 email [email protected]