Thursday 14 December 2017

10,000 applied to work at Central Bank in 2016

The Central Bank of Ireland headquarters on North Wall Quay, Dublin (Stock picture)
The Central Bank of Ireland headquarters on North Wall Quay, Dublin (Stock picture)

Gordon Deegan

FINANCE Minister Paschal Donohoe has said that last year the Central Bank attracted over 10,000 job applications and filled over 500 positions.

Mr Donohoe released the figures in response to concerns expressed by Deputy Clare Daly TD over what she claimed was the Central Bank's inability to fill 200 available positions.

In the 17 months to the end of May, the Central Bank spent €1.1m on recruitment.

It has a team of 10 dedicated to recruitment and the €1.1m spend is against the background of the bank reporting last month a job-vacancy rate of 11pc, with 203 positions lying vacant.

In his written Dáil reply to Deputy Daly, Mr Donohoe said: "I am informed by the Central Bank that while recruitment for positions across the bank is challenging and turnover in certain areas, including in Financial Regulation, is higher than optimal, it is not correct to imply that these challenges are having an impact on the operation of the bank."

He added: "The Central Bank has the ability to effectively re-prioritise to meet any increased level of demand and complexity; but where required to, the Central Bank will increase staff numbers as necessary."

The minister said that the bank filled 189 positions in the first half of 2017, thereby enjoying a net increase of 20 at the end of May.

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