Investment Manager

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Role Profile

Job title : Investment Manager - Risk Management

Division : Ireland Strategic Investment Fund, Portfolio Management Division

Reports to : Investment Director

Job Family : Investment, Asset & Liability Management

Career Stream : Professional

Career Zone : Professional / Specialist

Contract : Permanent

Closing date for applications - 27 / 06 / 25

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 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

ISIF is Ireland's sovereign development fund which invests on a commercial basis in a manner designed to support economic activity and employment in Ireland.

ISIF's strategy focuses on four key investment themes : Climate, Housing and Enabling Investments, Indigenous Businesses, and Food and Agriculture.

ISIF invests across a variety of sectors, instruments (e.g.

equity or debt) and asset classes (e.g.

venture capital, private equity).

Role Summary

The role sits within the ISIF Risk Management team which is the first line investment risk team within ISIF.

The team's main role is to measure, monitor and manage investment risk across ISIF including market risk, liquidity risk, FX risk and credit risk.

The team works closely with investment teams on both new investment proposals and existing transactions.

The team is also core to the Fund's cash management, portfolio construction and asset allocation.

It should be noted that the ISIF Risk Management team team is separate to the second line of defence (NTMA Risk) which independently assesses enterprise, liquidity, investment, market and counterparty credit risk.

The ISIF Risk Management team engages regularly with NTMA Risk (second line of defence) in respect of investment and financial risk management matters.

The ISIF Risk Management team sits within the Portfolio Management division of ISIF, the division which is also responsible for ESG and economic impact implementation, data, MI and analytics and the monitoring of Irish Portfolio investments.

The role offers an exceptional opportunity for a talented and motivated individual to join a team tasked with the management of the ISIF.

The role provides an ideal and unique opportunity for a high-calibre candidate with at least seven years of relevant experience to gain exposure to the highest standards of the investment management industry.

The role will have a high level of investment exposure from the outset.

The Investment Manager's role is to work collaboratively within the small team and also among the wider ISIF team of front office investment professionals.

The team is involved in the management of all of the Fund's assets, including both the Irish Portfolio and the Global Portfolio.

The Irish Portfolio is focused on making commercial investments that support economic activity and employment in Ireland primarily through private investments (private equity, venture capital, direct debt etc).

The Global Portfolio consists of diversified international investments, with the primary objective of providing liquidity to support Irish Portfolio investments while also earning an appropriate risk-adjusted return to enhance the ISIF's overall performance.

A key part of the role will be assessing the investment risk of individual investments and asset classes and how each contributes to the overall risk of the Fund.

The successful candidate will work to enhance the team's role as a strategic partner in investment decision-making by working closely with colleagues across investment teams to ensure sound risk management perspectives are embedded early and effectively in the transaction / due diligence process.

The successful candidate will also be core to the management of the Fund's overall asset allocation and portfolio construction which incorporates a wide range of public and private assets.

In addition, the successful candidate will contribute to idea generation and engage in automation efforts to streamline operational and analytical processes.

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

Principal Accountabilities

The Investment Manager will be required to work alongside other Investment Managers and Directors across the full range of the Fund's investment activities.

Activities will include :

Conduct bottom-up and top-down risk assessments and scenario analyses to challenge and validate both public and private investment transactions.

Close collaboration with investment teams to provide value add risk management insights to both new investment proposals and existing portfolio investments.

Deliver risk assessments on investment proposals across public and private markets.

Review and oversight of the investment portfolio and asset allocation, ensuring alignment with the ISIF Strategy and risk tolerance.

Ongoing stress testing of both private and public asset exposures and developing risk tools and processes to make this work repeatable.

Collaborate with and where necessary challenge internal teams (e.g., ESG, investment monitoring, economics, deal origination, data analytics and MI) to align risk and investment perspectives.

Managing ad-hoc projects as required to provide portfolio insights to colleagues, ISIF Investment Committee and stakeholders.

Maintain pulse on market dynamics, investment and economic trends and consider both their implications for ISIF and ultimately translate them into actionable investment insights.

Coaching and reviewing output of junior colleagues.

Knowledge And Experience

The ideal candidate will have :

5+ years' experience in investment management, fund management, risk management, corporate finance or similar environment.

Experience in risk management of both public and private investments Strong understanding of asset allocation, portfolio construction, and risk analytics.

Proven ability to assess macroeconomic indicators and translate them into actionable investment insights.

Familiarity with valuation methodologies, debt pricing, and market benchmarking.

Knowledge / Experience of portfolio construction tools and asset allocation models.

Experience in private equity, venture capital, corporate finance, commercial / corporate banking or similar environment is preferred.

Third level qualification in Economics, Finance, Engineering or a related discipline.

CFA qualified or accountancy qualification is desirable

Skills

Strong numerical and analytical skills Strong communication and presentation skills, with the ability to convey complex risk concepts to diverse stakeholders including at ISIF / NTMA committees.

Strategic thinking with both a top-down and bottom up investment perspective.

Collaborative mindset with the ability to work across multidisciplinary teams.

A flexible team player capable of managing a number of stakeholders in a professional manner and a number of competing projects to completion.

An independent operator and thinker, with strong self-leadership.

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

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.

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