Economists (ESCB/IO) - External Developments and International Policy Analysis

Analysis and Policy Advice
International & European Relations

General Information

Type of contract Short-term contract, which may be extended to up to 36 months subject to individual performance and organisational needs

Contract end date 31.12.2024

Who can apply? EU nationals working for national central banks of the ESCB, international governmental organisations or other employers performing central banking or banking supervision tasks within the framework of the Eurosystem

Salary F/G (bracket 1 - step 1) full time monthly net salary: €6,909 plus benefits, for further information see what we offer.

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 06.12.2023

Your team

You will be part of the Directorate General International and European Relations. Our staff prepare documentation supporting the monetary policy decision-making process, analyse and/or forecast international macroeconomic and financial market developments and coordinate the ECB’s involvement in international meetings, among other tasks. We are seeking candidates for several Economist positions in our External Developments Division and International Policy Analysis Division. 

In the External Developments Division, you will be part of a team of about 26 members of staff monitoring and analysing economic conditions in non-EU countries and the global cyclical situation. We also produce and coordinate macroeconomic projections for non-EU countries and the global economy and conduct simulation and scenario analysis relating to the international environment. Our team provides policy analysis and briefings on the EU accession process as well as on candidate countries and potential candidates. The Division also assists the decision-making bodies of the ECB and supports the ECB’s representation in international and European meetings.

In the International Policy Analysis Division, you will also be part of a team of about 26 members of staff, preparing policy positions, analysis and briefings on global financial markets, exchange rates and commodities for the Governing Council of the ECB. We also analyse issues relating to the international monetary system and the impact of geopolitics on finance, capital flows and financial spillovers and interlinkages on a global scale. Moreover, we conduct analysis relating to the activities of the G7, the G20, the International Monetary Fund (IMF) and the Bank for International Settlements (BIS) and support the ECB’s representation in these fora.

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 an Economist, depending on your profile and the Division, you will:

External Developments Division:
    • monitor, analyse and/or forecast macroeconomic developments at the global level, including the analysis of policy spillovers, and/or in key non-EU countries and/or in EU candidate countries and potential candidates;

International Policy Analysis Division:
    • analyse exchange rates, commodity markets, international financial issues and/or global interlinkages;

  • prepare analysis and briefings for internal meetings, ECB official publications and international fora including the G7, G20, IMF and BIS meetings;
  • conduct applied analytical studies to further strengthen and support the analytical content of each Division’s regular and ad hoc policy contributions;
  • contribute to and develop empirical/structural modelling tools in each Division’s areas of competence;
  • present policy analysis and studies to internal and external committees and fora.

These positions offer you excellent opportunities to contribute to the analysis of international topics, helping to shape the ECB’s policy views. 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 economics, finance or another relevant field (see How you can join us for details on degree equivalences);
  • in addition to the above, a minimum of two years’ professional experience (other than as a trainee or intern) in analysing the topics which fall under the remit of one of the hiring divisions;
  • experience in conducting applied economic studies using state-of-the-art quantitative, statistical and econometric methods;
  • a track record in preparing and communicating policy-related material, both orally and in writing;
  • 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.

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.

Working modalities

We would be happy to discuss a part-time arrangement for this role.

Further information

The contracts offered will be short-term ESCB/IO, the appointment being for six months as of the exact starting date of the selected person, extendable to up to 36 months. 
Candidates must have a contract of employment with their home institution for a period of at least one year beyond the duration of the ECB contract being offered. 

For additional information on this specific vacancy, you can speak to the hiring manager, Stelios Makrydakis, on +49 (0)69 1344 6582 between 14:00 and 15:00 on Friday, 24 November 2023.

Application and selection process

The recruitment process for this position will be conducted remotely. It will include a written exercise and an interview. 

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.