General Information
Type of contract
Fixed-term contract, which may be extended subject to individual performance and organisational needs
Contract end date
01.09.2022
Who can apply?
EU nationals
Salary
F/G (bracket 1 - step 1) full time monthly net salary: €5,438 plus benefits, for further information see
what we offer.
Role specialisation
FinancialStability&MacroprudentialPolicy
Working time
Full time
On-call?
Yes
Place of work
Frankfurt am Main, Germany
Closing date
06.06.2021
Your team
You will be part of the Systemic Risk and Financial Institutions Division in the Directorate General Macroprudential Policy and Financial Stability. The Directorate General provides analysis and policy advice on issues relating to macroprudential policies, financial stability, systemic risk assessment and financial regulation and supervision.
Our Division is responsible for monitoring and identifying potential sources of systemic risk in the euro area/EU financial system, with a particular focus on banks. This requires both qualitative and quantitative systemic risk monitoring, in particular insightful quantitative analysis leveraging large, granular proprietary datasets and harnessing market intelligence. This analysis feeds into policy discussions at the highest levels and is a core component of the ECB’s semi-annual Financial Stability Review.
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:
- work at the frontier of systemic risk monitoring, employing large granular bank and financial datasets, including regulatory and transaction-level information, to ensure an evidence-based approach to discussions of financial stability risks and macroprudential policies;
- develop quantitative models, focusing on the banking system and incorporating mechanisms such as network contagion effects, which can be used for systemic risk monitoring;
- pursue results-oriented analytical projects to produce insightful and timely thematic analysis;
- keep abreast of analytical, methodological and policy developments and publications relevant to the Division and give presentations to a range of internal and external audiences.
The position offers you excellent opportunities to help safeguard the stability of the euro area and EU financial systems and to work with some of the best experts in the field of financial stability analysis. You will be part of a multicultural team that strives for excellence and 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, such as mathematics, natural sciences or statistics (click here for details on degree equivalences);
- in addition to the above, relevant experience working with complex, highly granular financial data, such as bank loan, securities or derivatives data and financial market data, to analyse systemic risk and financial stability issues;
- experience preparing analytical reports and policy documents on topics related to financial stability and systemic risk at a central bank or similar institution;
- familiarity with the application of modelling techniques for financial networks, using software packages such as R and/or Python in a professional environment;
- 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 in an area relevant to the work of the Division;
- knowledge of theoretical and empirical banking;
- experience using Apache Spark, Hadoop or Hive to process data in parallel structures.
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
We are willing to discuss part-time arrangements.
Further information
Temporary appointments may be extended or made permanent subject to organisational needs and budgetary constraints. This may result in a staff member with a non-convertible fixed-term contract being offered a convertible contract in accordance with the ECB Conditions of Employment.
For additional information on this specific vacancy, you can speak to the hiring manager, Tamarah Shakir, on +49 (0)69 1344 17819 between 10:00 and 11:00 on Tuesday, 1 June 2021.
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 written exercise, a presentation and interviews.
