General Information
Type of contract
Fixed-term contract which may be converted into a permanent contract after three years subject to individual performance and organisational needs
Who can apply?
EU nationals
Salary
E/F (bracket 1 - step 1) full time monthly net salary: €4,869 plus benefits, for further information see
what we offer.
Role specialisation
Finance and Procurement
Working time
Full time
Shift?
Yes
Place of work
Frankfurt am Main, Germany
Closing date
02.03.2023
Your team
You will be part of the Financial Accounting and Reporting Division in the Directorate Finance. Our Directorate has 110 staff and is responsible for financial accounting and reporting. It also carries out planning and controlling activities, and provides cost accounting, procurement and supervisory fee services. Our current focus is on transforming the finance function while maintaining excellence in our daily operations. We use analytical and data visualisation means to support data-driven decisions by thoroughly analysing the information obtained from multiple sources. In this way we actively contribute to the Directorate’s work in producing advanced management information that is delivered to our senior management as well as to the ECB/Eurosystem decision-making bodies.
In your role as Finance Analyst, you will be part of a team of 28 members of staff responsible for preparing the financial statements and reports of the ECB and the Eurosystem, accounting for the ECB’s financial instruments, and calculating and clearing the Eurosystem national central banks’ (NCBs) monetary income. We produce analytics and forecasts for the decision-making bodies concerning the ECB’s financial situation and results, as well as the Eurosystem’s monetary income. Our team develops and implements standards and policies for the ECB and the Eurosystem in the areas of accounting, financial reporting and monetary income allocation. We work closely with several of the ECB’s business areas, including the Directorate General Market Operations, the Directorate Risk Management and the Directorate General Monetary Policy, as well as with NCBs.
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 Finance Analyst you will:
- support the preparation of regular and ad hoc financial reports for both the ECB and the Eurosystem (such as the ECB’s quarterly financial results and forecasts, the ECB’s annual accounts and the Eurosystem’s weekly financial statement), analyse financial statements, and perform the Eurosystem NCBs’ monetary income calculations, analysis and forecasting;
- understand from a financial accounting and reporting perspective the financial impact of various financial operations and policy decisions taken by the ECB and the Eurosystem with regard to monetary policy, foreign exchange and investment portfolios;
- contribute to drafting financial reporting policy papers, based on a range of methodological approaches and accounting standards, and provide analysis on the ECB’s and the Eurosystem’s financial situation using analytics, modelling and financial data visualisation;
- closely interact, cooperate and share knowledge with other ECB business areas and Eurosystem NCBs on financial reporting issues;
- engage and collaborate with the ECB’s internal and external auditors;
- contribute to the Directorate Finance’s digitalisation, automation and innovation initiatives and to the development and implementation of financial accounting and reporting policies for the ECB and the Eurosystem.
The position offers you excellent opportunities to achieve a comprehensive understanding of the finance function of a central bank by gaining a deep insight into all aspects of financial reporting and related policy matters. It will also enable you to support policymaking and contribute to the credibility of the ECB and the Eurosystem. 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 bachelor’s degree or equivalent in accounting, finance, business administration, economics or another relevant field (see How you can join us for details on degree equivalences);
- in addition to the above, a minimum of four years’ relevant professional experience in the field of financial accounting and reporting in a central bank or a public/international institution;
- experience in preparing the annual accounts of a central bank or a public/international institution, including the preparation of the audited financial statements according to accounting standards;
- a sound understanding of Eurosystem financial accounting and reporting rules and knowledge of financial instruments;
- a proven track record in preparing presentations and dashboards, and an ability to communicate complex analytical findings effectively using non-technical terms;
- experience in extracting, analysing, modelling and visualising financial data;
- 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:
- an understanding of the Eurosystem’s monetary income framework;
- experience in contributing to profitability forecasts;
- comprehension of financial risks and financial resilience.
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. You are aware of your strengths and areas for development and know what motivates you to perform at your highest level.
Working modalities
To enable the Section to maintain its business continuity capability, you will occasionally be expected to perform work during non-standard working hours and work at the ECB’s standby sites.
We are willing to discuss a part-time arrangement for this role.
Further information
For additional information on this specific vacancy, you can speak to the hiring manager, Konstantinos Apostolou, on +49 (0)69 1344 6432 between 14:00 and 17:00 on Thursday, 23 February.
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.
