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
31.01.2022
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: €7,296 plus benefits, for further information see
what we offer.
Role specialisation
Economics and Monetary Policy
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
15.12.2020
Your team
You will be part of the Capital Markets/Financial Structure Division in the Directorate General Monetary Policy. Our Division is responsible for analysing financial markets from a monetary policy perspective. We monitor, analyse and conduct studies on the non-bank transmission of monetary policy, covering the term structure of interest rates, sovereign bond, corporate bond and stock markets, and the financing structure of non-financial corporations. We help prepare decisions on the ECB’s interest rate setting and non-standard monetary policy measures and analyse the impact of those measures on financial markets using quantitative models. We contribute to internal and external publications on monetary policy and euro area financial markets.
In your role as an Economist, you will be part of a team of around 20 members of staff responsible for conducting quantitative analysis, preparing internal and external publications and contributing to briefings for members of the ECB’s Executive Board and senior management. You will collaborate with colleagues across business areas, the Eurosystem, other policy institutions and the academic community and represent the ECB at Eurosystem forums and external events.
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 your gender, gender identity, ethnicity, sexual orientation, age, religion, disability or other characteristics.
Your role
As an Economist you will:
- develop analytical tools and conduct research on analysing financial markets from a monetary policy perspective;
- contribute to the preparation of Governing Council meetings;
- provide input for the ECB’s official publications, such as the Economic Bulletin;
- contribute to policy notes and briefing material for members of the Executive Board and senior management;
- engage and collaborate with other divisions inside and outside your business area.
The position offers you an opportunity to deploy and develop state-of-the-art modelling tools to analyse policy-relevant issues, present your own analytical work and contribute to the policy discussion. 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
Essential:
- a master’s degree or equivalent in economics, finance or another relevant field (click here for details on degree equivalences);
- a sound understanding of finance, macroeconomics and the functioning of financial markets, as well as a good grasp of econometric techniques;
- professional experience in monitoring financial market developments, ideally from a monetary policy perspective;
- programming skills (MATLAB or similar) and experience in the use of standard econometric packages;
- an ability to draw on existing analysis and extend it or apply it to new topics at short notice;
- 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 PhD and a research and publication record, preferably related to monetary, macro and financial economics;
- a Chartered Financial Analyst (CFA) charter or equivalent.
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 utilise your skills and competencies to achieve the objectives of this position.
Working modalities
We are willing to discuss part-time arrangements.
Further information
The contract(s) offered will be short-term ESCB/IO, the appointment being for 12 months as of the exact starting date of the selected person, extendable to up to 36 months.
For additional information on this specific vacancy, you can speak to the hiring manager, Wolfgang Lemke, on +49 (0)69 1344 5823 or reach him at wolfgang.lemke@ecb.europa.eu.
The recruitment process for this position will include an online interview via WebEx.
