Fund Management Company CP86

Fund Management Company CP86

The Designated Person role is under the spotlight with the implementation of the Central Bank’s Fund Management Company Guideline (‘CP86’) just around the corner.

CP86 has streamlined its designated person requirements to six managerial functions in the areas of Investment Management, Distribution, Fund Risk Management, Operational Risk Management, Regulatory Compliance, Capital and Financial Management.

Fund Management Company CP86
Camden Recruitment Partners

The CBI has now given clear guidelines of what is required, and it has also enhanced its focus and expectation of who is suitable to carry out the key management functions.

Due to increased levels of fund governance, fund directors are increasingly concerned about the size and scope of the Central Bank’s expectations in terms of the day-to-day management of their funds and service providers such as DMS, Link Group (formerly Capita), KB Associates & Carne have won a lot of business over the last six months by providing solutions such as Provision Management Company services and Designated Persons.

Designated Persons, unlike Directors, need to demonstrate the ability to run the day to day operations of the fund and require the expertise and experience to carry out the managerial function they are responsible for.

Due to the increased activity in this space and Brexit just around the corner, working with a Management Company and/or acting as a Designated Person presents a very attractive career option for high calibre fund’s professionals who possess excellent regulatory, project management and client service skills.

Want to Work in Cyber Security in Ireland?

Is it possible for someone without security experience to break into a career in cybersecurity?

Demand for cyber security professionals far exceeds the number of available, qualified people and that gap looks likely to grow wider.

Budding cybersecurity professionals with a strong desire to work in the industry are put off by the often-huge list of skills and qualifications they think are required.

Please don’t let that stop you. Everyone must start somewhere, and if you have a real passion for cybersecurity, and aren’t afraid of hard work then it’s possible to get your foot in the door.

Cybersecurity is full of professionals from many different careers: Accountants, lawyers, sports stars and management consultants. Go to LinkedIn, search for CyberSecurity and you will see the varied careers paths that a lot of the security professionals have.

The career options within cybersecurity are vast and each career path requires a different skill set and personality.

So, here are some steps you can take to break into one of Ireland’s fastest-growing industries.

Want to Work in Cyber Security in Ireland?
Camden Recruitment Partners


Employers love to see a desire to learn. It shows a passion for the industry you want to work in. So, find the time, log on to Udacity, Udemy or the Khan Academy and increase your knowledge of cybersecurity. It’s win-win for you and your potential employer.

Get Out and Meet People

Meeting like-minded professionals and others in your domain of interest is one of the best ways to land that job of your dreams. So, log on to and search for security events near you. You’ll be surprised at how many there are. You can also attend industry events. They can be found through You never know, you could shake the hand of your future manager at the first cybersecurity meetup or event that you attend.

Experience, Experience, and Experience.

Nothing beats it. However, your initial experience does not have to come directly in cybersecurity. A strong grounding in IT, pen, software development could lead to a job in cybersecurity.

Talk to Us.

Whether you are a graduate or an experienced professional, trying to break into a certain domain can be a daunting task. But guess what? You don’t have to do it alone. Drop us a line. We can assess your CV, meet you for a coffee (our treat) and help you land your dream job in the cybersecurity industry in Ireland.

Want to Work in Cyber Security in Ireland?

Funds Jobs – FAQ’s in the Funds Industry


Dan Responds to Concerns about the Funds Industry in Ireland

I Am Trying to Move Out of Fund Accounting.

I graduated college in May of 2011 from a small University in Western Massachusetts with a degree in Political Science. After I worked for three years using that degree in politics but eventually started working as a fund accountant for BNY Mellon. Following that position, I moved to Ireland where I worked again in a fund accounting company until I joined Camden Recruitment in August. Throughout my time working in the funds industry and my time working as a recruiter, I have heard a lot of different reasons why people want to leave Funds:

The Company Is Too Big

The size of a company can be a major concern, as it can make you feel like a number and not a valued employee. The fund service industry is so large it is inevitable that there will be companies with thousands of employees and some not even breaking one hundred. We always try to find out what size company you would be comfortable working in. Once we establish that it becomes a lot easier to find the right company that you would be comfortable working with and thrive in.

The Hours Are Terrible

Long hours are very much a part of the Fund Service industry. When you are dealing with Global Markets and different time zones you are bound to run into the late night. If this is the main concern for you it is always good to find a company that offers a good work-life balance. Many European and Asian Fund Service companies throughout Ireland offer this type of work environment.


The Money Isn’t Great

It is true that some companies do pay lower than others and this is due to many different factors, however, you can avoid this by moving to one of the many companies that put an emphasis on compensating their employees well. Many companies in Ireland offer salaries above the average along with substantial benefits.

It Is a Repetitive Job

This is the number one comment of fund accountants. By its very nature, the fund accounting process is a repetitive one. If this is the main concern for you, it can be fixed with relative ease. Some basic funds can become repetitive very fast, so what I always suggest is that you ask to advance to a more complex fund. Moving to a different fund keeps the job interesting and allows you to gain more knowledge on the different funds in the industry.

There Is Little Career Progression

If career progression is a concern for you, you are not alone, this is a common concern in every industry. Do you only see yourself moving in a straight line from a fund account to a senior fund accountant to a supervisor? But what you may not know is that fund accounting can give you a base for many different career paths within the funds industry. Companies are always trying to fill middle and front office positions. Usually, one of the pre-requisites is at least a year of fund accounting experience. They look for this because when you work as a fund accountant you learn everything from A to Z in relation to specific funds.

In summary, fund accounting can be an interesting and rewarding career where companies are always hiring. At the end of the day finding the right company that fits your needs and staying engaged makes it enjoyable. It is also a job that can launch you into a career that you didn’t know was available to you.


If you are a fund service professional and would be interested in gaining further information, please call for a confidential discussion on 01 539 0612 or email In addition, follow Camden Recruitment Partners on LinkedIn to find more interest content on the Fund Services.