Financial Stability Expert (ESCB/IO) - Market-based Finance Division

Analysis and Policy Advice
Macroprudential Policy & Financial Stability
You can no longer apply

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 31.10.2024

Who can apply? EU nationals working for the international public sector organisation or EU organisations performing central banking or banking supervision tasks. Your current contract must extend at least 1 year beyond the end of the potential employment at the ECB

Salary F/G (1) (minimum full time monthly net salary €6243 and benefits, see further information section)

Role specialisation FinancialStability&MacroprudentialPolicy

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 23.07.2021

Your team

You will be part of the Market-based Finance Division in the Directorate General Macroprudential Policy and Financial Stability. The Division has around 15 members of staff, as well as trainees, and is responsible for: (i) assessing and mitigating systemic risks arising from the activities and behaviours of non-bank financial intermediaries; (ii) assessing financial stability risks stemming from financial markets; (iii) coordinating the Division's market intelligence activities; (iv) understanding interactions between market-based finance and other key priorities of the European Central Bank (ECB), including climate change and monetary policy.
Within this Division you will contribute to identifying and analysing risks and vulnerabilities in financial markets, conducting topical analyses, and contributing to the Division’s market intelligence activities.

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 Stability Expert you will:
  • contribute to identifying and assessing financial stability risks arising from financial markets;
  • contribute to longer-term research on topics related to financial markets and capital market financing;
  • participate and prepare market intelligence discussions and activities, linking market intelligence with broader risk assessment and policy work;
  • deliver high-quality economic policy analyses for decision-making bodies;
  • contribute to the drafting of the Financial Stability Review;
  • contribute to creating a collaborative working atmosphere, displaying commitment and team spirit within the Division.

The position offers you excellent opportunities to apply and develop your expertise in the analysis of financial markets and to have an impact on policy discussions with various decision-making bodies, such as the Governing Council and the Executive Board of the ECB and the European Systemic Risk Board. 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  (click here for details on degree equivalences);
  • in addition to the above, three years’ relevant experience in the field of analysis and/or policy advice in one or more of the following areas: financial markets; financial stability; macroprudential policy; financial regulation; monetary policy; international economics and finance;
  • experience in preparing analytical reports and policy documents drawing on a range of different sources;
  • excellent communication skills, including strong presentation skills and an ability to write clearly and compellingly on a range of economic and financial topics;
  • working knowledge of statistical and econometric software packages such as Python, R, MATLAB or Stata;
  • 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.

  • sound knowledge of models, empirical methods and datasets which can be applied to the analysis of financial markets;
  • experience in participating in international committees/working groups at the regional or global level.

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 objectives of this position.

Working modalities

Given the specific nature of this position, you will occasionally be expected to travel abroad (e.g. market intelligence gathering and international meetings). 

We are willing to discuss part-time arrangements.

Further information

The contract 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, Lieven Hermans, on +49 (0)69 1344 6840 between 11:00 and 12:00 on Tuesday, 13 July.

Application and selection process

For further information on how to join us, read more.

The recruitment process for this position will be conducted remotely. It will include a presentation and interviews. 
Interviews will not start before September 2021.