Although the advertisement is not currently showing on the NAMA website under its recruitment section, the Irish Independent today reports that NAMA is, in fact, recruiting an unspecified number of “forensic managers and analysts” whose role will be to “verify and substantiate the credit standing of NAMA debtors”. The role will also involve liaising with unspecified third parties.
The roles will be based in Dublin and the principal duties are understood to include undertaking and overseeing “forensic and investigative searches to verify debtor credit positions”. The person specification for the role says that candidates are “likely to have a minimum of 3-4 years’ investigative/forensic experience”. Any prospective candidate must comply with section 42 of the NAMA Act which says:
“(2) Before employing or otherwise engaging a person to be assigned to NAMA under subsection (1), the NTMA shall ascertain to its satisfaction that the person—
(a) is of good character and has not been convicted of any offence likely to render him or her unfit or unsuitable to perform the duties that the person is required to undertake or is likely to be required to undertake,
(b) has not been disqualified or restricted from acting as a director under the Companies Acts, and (c) has no material conflict of interest, whether actual or potential
(3) Before the NTMA assigns a member of its staff to NAMA under subsection (1), the NTMA shall ensure that he or she provides a statement of his or her interests, assets and liabilities to the Chief Executive Officer of NAMA and the Chief Executive of the NTMA in a form that the NTMA specifies”
Where on hearth is our constitution!?!
Surely this is completely unacceptable!
What are the developers are they criminals?!?!?
Was it them running the country? Were they elected? Were they regulating the banking activity?
God this is insane.
“(c) has no material conflict of interest, whether actual or potential”
stable door – horse – bolted, with regard to ‘potential’ conflicts of interests further back in the story with regard to irish banks/developers/surveyors/auctioneers/politicians/civil service/regulators/CB/(must be missing some poor unfortunates out), etc etc.
still, nice ‘tongue in cheek’ touch.
They’ve been using them for ages, since the biz plans were submitted. McDonagh said last week that there’d no pot of gold at end of the offshore asset transfer rainbow.