Financial Risk Experts (ESCB/IO) – Risk control and corporate bond analysis

Fin. Markets & Market Infrastructure Ops
Risk Management
6807
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General Information

Contract end date 31.01.2024

Salary F/G (bracket 1 - step 1) full time monthly net salary: €6,336 plus benefits, for further information see

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 02.12.2022

Your team

You will be part of the Risk Analysis Division in the Directorate Risk Management. Our Division is responsible for monitoring, measuring and assessing financial risks for the Eurosystem’s monetary policy operations and the ECB’s investment operations. We are seeking applicants for two Financial Risk Expert positions to strengthen our risk control and corporate bond analysis teams. 

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 Financial Risk Expert in our risk control team, you will:
  • contribute to the regular monitoring and reporting of the compliance of the Eurosystem’s monetary policy operations and the ECB’s investment operations with the relevant financial risk management frameworks;
  • participate in projects and conduct ad hoc analyses aimed at further improving financial risk control and reporting processes from both a business and an IT perspective;
  • prepare proposals for improving the risk management frameworks and present them to Senior Management as well as to the Eurosystem’s Risk Management Committee.

As a Financial Risk Expert in our corporate bond analysis team, you will:
  • ensure compliance of the Eurosystem’s corporate sector bond purchases with the applicable financial risk management frameworks;
  • monitor and assess credit and climate risks of corporate securities in the portfolio;
  • prepare ad hoc risk analyses and proposals for improving the risk management framework and present them to Senior Management and the Eurosystem’s Risk Management Committee.

These positions offer you excellent opportunities to develop your ability to analyse complex information, collaborate with others, pursue team goals and learn from other people’s diverse perspectives. 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 finance, economics, computer science, mathematics or another relevant field (see How you can join us for details on degree equivalences);
  • in addition to the above, a minimum of three years’ professional experience in the field of financial risk management, market operations, statistics or financial stability; 
  • a sound understanding of financial instruments, e.g. sovereign, corporate and covered bonds;
  • knowledge of the Eurosystem’s monetary policy operations;
  • a good command of at least one programming language (e.g. Python or MATLAB) and at least one data management language (e.g. SQL, Tableau);
  • 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: 
  • experience in conducting credit and/or or climate risk assessments of corporate bond issuers would be an asset for the position in the corporate bond analysis team. 



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 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 12 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, Nicolas Sauter, on +49 (0)69 1344 6939 between 12:00 and 13:00 on Wednesday, 23 November.

Application and selection process

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