General Information
Who can apply?
EU nationals
Salary
E/F (bracket 1 - step 1) full time monthly net salary: €4,869 plus benefits, for further information see
what we offer.
Role specialisation
General Banking Supervision
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
27.08.2023
Your team
You will be a part of ECB Banking Supervision and contribute to its work within the Single Supervisory Mechanism (SSM). The SSM is the system of banking supervision in Europe. It comprises the ECB and the national supervisory authorities of the participating countries.
In your role as a Supervision Analyst, you will be part of an ECB team involved in line supervision, horizontal supervision or governance and operations, working in close collaboration with bank-specific supervision functions.
If you are assigned to one of the line supervision business areas, you will be a member of a Joint Supervisory Team (JST). These teams are composed of colleagues from the ECB and national competent authorities (NCAs) who jointly supervise significant institutions, alongside a strategic team conducting oversight of less significant institutions.
Working in horizontal supervision means you will be involved in providing horizontal risk and subject matter expertise to line supervisors. You will support JSTs in close collaboration with other business areas and coordinate projects with a range of stakeholders.
In the ECB’s SSM Governance and Operations business area, you will work on various aspects to ensure the quality of decision-making in ECB Banking Supervision, e.g. in the context of transactions, mergers and acquisitions and the approval or withdrawal of banking licenses in close cooperation with NCAs. You will assess the suitability of board members and key function holders at significant institutions or apply enforcement and sanctions when prudential requirements are breached. You will use state-of-the-art supervisory technology tools.
Working in one of our multicultural teams will offer you a unique opportunity to explore the world of banking supervision and innovation in supervisory technologies. You will ensure that only sound actors enter the market and that market exits are conducted when needed in an orderly fashion, thus contributing to the soundness of the banking system in Europe in close collaboration with other ECB business areas, cooperating with colleagues from the NCAs and other internal stakeholders.
The ECB is an inclusive employer and we strive to reflect the diversity of the population we serve. We encourage you to apply irrespective of age, disability, ethnicity, gender, gender identity, race, religious beliefs, sexual orientation or other characteristics.
Your role
As a Supervision Analyst, you will be expected to contribute to the implementation, further development and enhancement of banking supervision policies, methodologies, practices and tools. You might be involved in several of the following tasks:
- participating in risk and supervisory assessments and processes related to transactions procedures, as supervision and monitoring of the supervised entities;
- contribute to the development of subject matter expertise and supervisory methodologies for selected risk areas from a wide range of topics, in close contact with NCAs, cross-divisional and cross-SSM teams and functions;
- participating in cross-divisional and ECB projects, international fora and working groups;
- planning, coordinating and integrating processes to support efficient and effective performance of the supervisory tasks;
- organising and attending technical meetings with the supervised entities and/or strategic partners and counterparts and managing and sharing information and knowledge;
- managing and assessing information from various sources and/or building of data sets;
- helping to develop innovative tools for supervision, in cooperation with users and relevant stakeholders;
- drafting banking supervisory decisions and other documents and presentations.
The position offers you an excellent opportunity to gain experience working in the SSM environment while engaging with a number of stakeholders both in Europe and around the world. This role offers you a great opportunity to develop your banking knowledge and experience, contribute to the core supervisory tasks, processes and output of ECB Banking Supervision and be actively involved in various areas. You will network with experts in the field and become a catalyst for communication with other supervisors. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on banking supervision and the lives of European citizens.
Qualifications, experience and skills
Essential:
- a bachelor’s degree or equivalent in business administration, economics, finance, accounting, political science, law, mathematics, physics, information technology or another relevant field (see How you can join us for details on degree equivalences);
- in addition to the above, at least one year’s experience in banking, banking supervision, finance, accounting, law, financial consulting or another advisory function in a supervisory or regulatory context;
- experience in working with multiple stakeholders, tasks or processes;
- the ability to analyse complex transactions, reports and datasets and translate complex ideas and diverse perspectives into clear alternatives for informed decision-making;
- drafting and presentation skills, and the ability to prepare presentations and briefings in a clear, concise way for diverse audiences;
- an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the Common European Framework of Reference for Languages.
Desired:
- a master’s degree in a relevant field such as business administration, economics, finance, accounting, political science, law, mathematics, physics, information technology or another relevant field (see How you can join us for details on degree equivalences);
- sound knowledge of the SSM legal framework and/or financial risks, non-financial risks (especially IT risk) and/or climate and environmental risks of supervised institutions from a business, supervisory and/or prudential perspective;
- experience in banking supervision in the context of the Single Supervisory Mechanism.
- experience in innovative technologies and IT-related solutions, developments and trends, in particular in relation to the financial industry and banking supervision;
- a strong interest in working in a multicultural environment or gaining experience abroad, as demonstrated through language skills, education, work experience or voluntary work.
You engage collaboratively with others. You pursue team goals and learn willingly from other people’s diverse perspectives. You signal any need for change by explaining it and proposing alternative solutions. You analyse complex information effectively and can evaluate different views to arrive at solutions. You know and anticipate stakeholder needs.
You are motivated to contribute to the ECB’s mission, to serve the citizens of the EU as a member of a public institution and to work with colleagues from all over Europe.
Working modalities
Working for European banking supervision involves spending short periods of time abroad for on-site visits or training. This important part of our work is complemented by an environment in which well-being and a good work-life balance are fostered. Playing a role in European banking supervision also entails collaborating in multinational and multicultural teams and operating in the context of different national frameworks, for which a strong ability to use different EU languages for business purposes is an asset.
We would be happy to discuss a part-time arrangement for this role.
Further information
Some of the contracts will be convertible into permanent contracts after three years subject to individual performance and organisational needs.
Temporary appointments may be extended or made permanent subject to organisational needs and budgetary constraints. This may result in a staff member with a non-convertible fixed-term contract being offered a convertible contract in accordance with the ECB Conditions of Employment.
Application and selection process
The recruitment process for this position will be conducted remotely. It will include a pre-recorded video interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase – a written exercise, a presentation and an interview. During the selection process, you might be invited to provide a reference and/or submit a letter of recommendation related to your work experience.
If you are not selected for this position but are still considered suitable, you will be placed on a reserve list (see step 4 of
How we hire), from which you might be considered for similar positions within the ECB.
