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 ProfileJob titleSenior Investment ManagerDivisionFuture Ireland FundsReports toDeputy Director - Head of Private Investments, Future Ireland FundsContract TypePermanent*Closing date for applications: Tuesday, 28th April*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 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 for more details.Future Ireland FundsIn 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 SchemeExcellent 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 SummaryThe Future Ireland Fund team is tasked with the delivery of the FIF and ICNF mandates. The NTMA is seeking a Senior Investment Manager which provides a unique opportunity for a 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 candidate will play a key leadership role in the team responsible for the ongoing development and implementation of the Funds' investment strategies, the establishment and 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 the portfolio management team, ESG implementation, risk and performance requirements as well as initiatives within the wider on 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 AccountabilitiesThe principal responsibilities will include the following, with the specific responsibilities for the role to be determined as the team structure evolves:
Investment Strategy: Ongoing development, refinement and implementation of comprehensive Private Assets investment strategies to meet the Fund's mandate across key Private Markets asset classes (Private Equity, Private Credit, Infrastructure and Real Estate).
Manager selection: Define and run the process to select and establish key partnerships with investment managers and advisors, execution of IMA/partnership agreements and ongoing monitoring of their performance.
Private Markets Operations & Oversight: Responsibility for the effective operational management of the Private Assets portfolio, including oversight of capital calls and distributions, valuations, cash-flow forecasting, performance measurement, reporting, data integrity, and coordination with internal operations, finance, risk and external service providers to ensure robust controls and efficient portfolio administration.
Holistic Portfolio Management: Responsibility for total portfolio considerations implementing the Long-Term Strategy for each Fund across both privates and publics.
Market Analysis: Conduct detailed private market financial analysis to identify and assess specific investment opportunities and risks.
External Manager Research: Conduct detailed research on external private markets managers and fund offerings.
Management of the overall performance and risk of the mandates, in particular in relation to the Private Assets investments, in line with appropriate benchmarks.
Stakeholder Communication: Communicate effectively with stakeholders, including external investment managers, market counterparts, other NTMA departments and governance fora.
Team building: Take a leadership role in developing the Private Markets team within the FIF and supporting continued development of the team as the Private Assets activity expands over time.
Working collaboratively with colleagues, partners and stakeholders, promoting a culture of high performance and continuous improvement.
Knowledge and ExperienceThe ideal candidate will:
Have a third level qualification in Finance, Economics, Accounting, Science, Engineering, or a related discipline; Advanced degree, and/or CFA designation are helpful.
Demonstrate a keen and well-informed interest in investment, including knowledge of Private Markets from both a Fund and Direct investment perspective.
Experience
Minimum 10 years' experience in investment/fund management or equivalent environment.
Experience developing and delivering strategies involving input from, and coordination across, multiple stakeholders.
Experience/track record of manager selection and investment execution in private markets, ideally including familiarity with LPA structure and negotiation of other key deal documentation.
Experience of Investment monitoring and management.
Experience of direct investments and exposure across multiple Private Markets asset classes an advantage.
Experience in public markets investments an advantage.
Skills
Strong communicator, both in writing and verbally
Strong investment acumen and experience
Good range of interpersonal skills to influence internal and external stakeholders
Diligent, self-motivated and a clear thinker
Flexible team player capable of managing a number of stakeholders in a professional manner
Display high level of appetite, flexibility, accuracy, speed, delivery and reliability - comfortable with evolving and changing priorities
Open and good collaborator - personal characteristics of integrity, discipline, curiosity, commitment
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.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 recruitment@ntma.ieThe 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.
