Digital Euro – Market Infrastructure Specialists Product Proposition and Strategy

Digital Euro

General Information

Type of contract Fixed-term contract, which may be extended subject to individual performance and organisational needs

Who can apply? EU nationals

Salary E/F (bracket 1 - step 1) full time monthly net salary: €4,611 plus benefits, for further information see what we offer.

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 03.06.2024

Your team

You will be part of the Directorate General Market Infrastructure and Payments, more precisely the Directorate Digital Euro, which started the digital euro preparation phase in November 2023. During this phase the focus will be on further preparing for the development of a digital euro, building on the findings from the investigation phase.

We are looking to fill specialist positions in the Product Proposition Division, the Rulebook Development Unit and the Strategy Unit, which   are responsible for:
  • defining a best-in-class user experience for digital euro payments;
  • contributing to the development of efficient end-to-end digital euro processes;
  • engaging with market participants to develop a rulebook for a digital euro scheme;
  • refining the proposed use cases by specifying the functional and non-functional requirements;
  • working on the specifications for the offline digital euro;
  • developing and implementing the engagement strategy for involving external stakeholders in the digital euro project.

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 Market Infrastructure Specialist in the Product Proposition Division or Rulebook Development Unit, you will both support the work of experts and work independently in one of the teams carrying out the preparatory work for:
  • defining the digital euro proposition for consumers and merchants, including the end-user experience (along with the digital euro app), end-user research, digital financial inclusion and environmental aspects;
  • defining the digital euro proposition for intermediaries, including the digital euro compensation model, the roll-out approach and establishing how a digital euro would fit into the payment ecosystem;
  • defining the digital euro use cases, including standards and requirements for person-to-person, point-of-sale and eCommerce digital euro payments, as well as offline specifications for both point-of-sale and person-to-person use cases;
  • developing the digital euro rulebook, including the associated implementation specifications, in collaboration with the Rulebook Development Group.

As a Market Infrastructure Specialist in the Stakeholder Management team of the Strategy Unit, you will both support the work of experts and work independently on:
  • coordinating and preparing the interactions of the project team and senior ECB representatives with EU institutions and policymakers, as well as market participants; 
  • contributing to the team’s work on developing and conveying strategic ideas and messages on a digital euro to market participants, policymakers and other external stakeholders, in close collaboration with other teams in the Directorate; 
  • following the legislative process on the proposal for a regulation on the establishment of the digital euro;
  • supporting and representing the digital euro project team at various internal and external meetings (including with industry representatives);
  • contributing to other tasks of the team.

These positions offer you an excellent opportunity to help shape the future of central bank money for all citizens and firms in the euro area and, in so doing, support the digitalisation of the euro area economy. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens. 

Qualifications, experience and skills

  • a master’s degree or equivalent in business administration, economics, political science, international relations, project management, finance, STEM (science, technology, engineering and mathematics), computer science or another relevant field (see How you can join us for details on degree equivalences);
  • in addition to the above, a minimum of one year of professional experience (other than as a trainee or intern) in retail payments or EU public policy in the area of central banking, banking or finance;
  • proven analytical skills and experience in drafting concise and clear notes and reports;
  • 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.

  • experience of retail payment solutions with a pan-European or global reach, and/or experience in developing an offline or partially offline retail payment solution;
  • functional/technical knowledge of the standards applicable to payments, payments schemes and/or solutions in the bank-to-consumer   domain;
  • experience in drafting technical payment implementation specifications;
  • knowledge of EU institutions and their decision-making processes, and/or sound knowledge of the EU retail payments landscape and related legislation, as well as of relevant European stakeholder associations and their views and stances on a digital euro.

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 be part of our team and to develop and use your skills and competencies to achieve the aims of this position.

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.

Further information

The contracts offered will be fixed term until 31 January 2026 – in line with the current timeline for the digital euro preparation phase.

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.

For additional information on this specific vacancy, you can speak to Sebastian Siepen, on +49(0)1757226429 between 16:00 and 18:00 on Wednesday, 15 May.

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 interviews.

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.

Find out how to apply for a position at the ECB. 

Read more about joining us.