Corporate Services is responsible for the provision of facilities management and commercial services in the CBFSAI. We integrate multi-disciplinary activities within the built environment and manage their impact upon staff and the working environment so as to improve the effectiveness of the primary activities of the organisation. Our responsibilities include environmental health and safety, security, engineering, premises, accommodation, telecommunications, procurement, travel, records management and archiving, portering, catering and cleaning services.
There are two Departments involved with Currency.The Currency Production Department is responsible for the printing of legal tender notes and the minting of coins. See also Currency Issue Department.
There are two Departments involved with Currency.The Currency Issue Department deals with the safe custody, checking, distribution, redemption and destruction of legal tender notes and coin.
The Department's role is to provide timely and relevant economic intelligence, analysis of policy issues and longer-term in-depth research into monetary and financial matters relevant to the Bank. The output of the Department acts as a support for policy formulation both at the national level and in the context of the European System of Central Banks. It is also responsible for organising the physical production and distribution of the Bank's publications which include the Annual Report, Quarterly Bulletin, Monthly Statistics and Technical Paper series as well as providing the Bank's internal library service.
The principal responsibilities of the Financial Control Department are:
- the maintenance of the Bank’s financial records and the preparation and publication of financial statements;
- the supplying of regular financial reports to the European Central Bank as a member of the European System of Central Banks;
- the maintenance and operation of accounts for the Government, banks, building societies and international agencies; and
- the budgeting and monitoring of the Bank’s expenditures.
The Department is responsible for the management of official external reserves including investment dealing, risk and performance measurement. It also implements foreign exchange and monetary policy and provides internal management information on the related domestic markets.
The financial stability function’s brief is to examine and monitor the health of the domestic financial system, mainly in a macroeconomic framework, at regular intervals. The results of this work are published in the Bank's financial stability report where potential areas of concern are highlighted. This work complements that of the supervisory functions of the Irish Financial Services Regulatory Authority (IFSRA).
The human resources function in the Bank is responsible for staff pay and conditions of employment, recruitment, development, promotion, payroll and welfare. The Department is also responsible for co-ordinating the Bank's planning processes.
Please click here for current job opportunities within the Bank
The department is responsible for information technology in the Bank. Functions include the design and management of the technology infrastructure, the development and support of applications, the operation of centralised systems and the acquisition of computer equipment, software and services.
The Department is an independent and objective appraisal function which is required to provide audit assurance that the system of risk management and internal control is adequate to manage and control effectively those risks to which the organisation is exposed. The Head of Internal Audit reports directly to the Governor and the Chairman of IFSRA as appropriate, and has unrestricted access to the Audit Committee and members of the Joint Management Board.
The main task of the monetary policy function is to provide advice, based on sound analysis, so as to enable the Governor to participate fully in the meetings of the ECB Governing Council which includes contributing to decisions on euro area monetary policy. Other work includes monitoring domestic monetary and financial developments and conducting the Irish component of the euro area bank lending survey. The department is also responsible for a number of important operational aspects of the implementation of the single monetary policy.
This Department advises the Governor and senior management on all aspects of international economic, monetary and financial developments and handles relations with international organisations such as the IMF, the OECD, the BIS and with other national banks. The Department coordinates the briefing of the Governor for his attendance at fortnightly meetings of the Governing Council of the ECB and ensures that the Director General is fully briefed for attendance at meetings of the ECB International Relations Committee. The translation service for the Bank is also situated within the Department.
The principal responsibilities of the Payments and Securities Settlements Department are:
- to act as overseer of payment systems;
- to operate a settlement account service, in central bank money, for credit institutions through the IRIS Real-Time Gross Settlement (RTGS) system, a large-value inter-bank payment system, which is linked to the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET) system;
- to settle monetary policy and intra-day credit operations via the RTGS system, including associated collateral acceptance, collateral valuation, etc.;
- to facilitate, through the Correspondent Central Banking Model (CCBM), cross-border delivery of collateral for credit operations;
- to maintain the register of Irish Government bonds, including payment of dividend and redemption proceeds on registered holdings;
- the back office functions for the Bank’s portfolio investment transactions.
The Statistics Department is responsible for compilation and analysis of monetary and financial statistics for publication in the Bank’s monthly and quarterly publications and for the Governor, Board, senior management and other departments in the Bank. In addition, the Department prepares a wide range of data for transmission to the European Central Bank (ECB), the International Monetary Fund (IMF), the Organisation for Economic Co-operation and Development (OECD), the Bank for International Settlements (BIS) and Eurostat.
The Department liases closely with the Central Statistics Office (CSO) on conceptual and practical statistical matters, disseminates data to government departments and other users and contributes to a wide range of international committees and working groups in the field of statistical concepts and harmonisation.
The Department also provides a statistical service to other central bank departments and the Irish Financial Services Regulatory Authority.
