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Working in the Central Bank

  • 27-08-2014 9:59am
    #1
    Nicliam
    Registered Users, Registered Users 2 Posts: 13 ✭


    Just wondering if anyone can tell me what it is like to work for the Central Bank of Ireland? Good or bad experiences?


Comments

  • #2
    TuckerMin
    Registered Users, Registered Users 2 Posts: 1 ✭TuckerMin


    It varies greatly depending on what area you are talking about. Service/Financial Regulation/Central Banking.
    Employees working there have slated management and cited poor morale in many sections, but again, being spread over 3 different buildings in the city (ignoring Sandyford) opinion varies. Don't know what the new building on North Wall Quay will be like.

    Currently they are in the process of trying to move out older staff on more favourable terms with voluntary redundancies while taking on newer staff on less favourable terms.
    I see they have a number of IT jobs on their website, but I know that these were advertised previously for below industry standard salaries and didn't attract the right people, so they've now been re-advertised for the same money, with a view to "targeting Spain" as they believe Spain have a cheaper labour market (even though British labour costs are currently lower than that of Spain).

    I have worked there and enjoyed it, still stay in touch with people, but it depends on the area and the people you are working with. Some departments work incredible hours, without overtime, others work 37 hour weeks with anything extra being overtime, it all depends on local management.
    If you're discussing terms with them, be certain that you're clear about what your net salary
    will be, as they have a tendency not to mention all the deductions, mandatory pension contributions, pension levies etc..

    Pros:
    If you go into the regulation side, it look great on your c.v.
    Location
    Decent Holidays
    Flexi-Time (to an extent, I think you can finish at 4)
    Decent restaurant
    Pretty decent Terms & Conditions

    Cons:
    Generally a slow moving organisation (apart from Financial Regulation, they're the opposite of cutting edge)
    Terms depend on local management
    No policies around working from home etc.
    If they can give you reduced Terms & Conditions they will.


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