Financial Stability Experts (ESCB/IO) - European Systemic Risk Board Secretariat

Analysis and Policy Advice
ESRB Secretariat
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 31.12.2025

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: €6,909 plus benefits, for further information see what we offer.

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 25.09.2023

Your team

The Secretariat of the European Systemic Risk Board (ESRB) is looking to fill two Financial Stability Expert positions.

The ESRB is an EU body that brings together representatives from some 80 European institutions and independent experts from around the world. It is responsible for the macroprudential oversight of the EU financial system, and thus helps to prevent and mitigate systemic risk. It collects and analyses information on a broad range of financial institutions and markets, monitors macro-financial developments, and issues warnings and recommendations to policymakers and supervisors.

You will join the ESRB Secretariat, a business area of the European Central Bank (ECB) that provides analytical, statistical, logistical and administrative support to the ESRB. In your role as Financial Stability Expert, you will form part of a team responsible for identifying and analysing systemic risk to the EU financial system, proposing macroprudential policies and assessing those put forward by EU Member States, preparing and monitoring the implementation of ESRB warnings and recommendations, cooperating with supervisory and other macroprudential authorities, supporting ESRB working groups and preparing documents for its General Board meetings.

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:
  • analyse developments in the financial sector to identify risks to financial stability in the EU, and draft notes that highlight these risks and include policy measures to address them;
  • support the ESRB Secretariat’s contribution to the implementation and further development of the macroprudential policy framework in the EU;
  • contribute to ESRB warnings and recommendations aimed at preventing and mitigating systemic risk;
  • provide analytical and secretariat support to ESRB committees and working groups, and represent the ESRB Secretariat in these fora;
  • work closely with colleagues in the ESRB Secretariat and the wider ESRB community, and establish strong working relationships with colleagues in other ECB business areas;
  • engage with ESRB stakeholders to ensure open and effective communication across different authorities;
  • produce analysis for reports, papers and presentations.

The position offers you excellent opportunities to work at the heart of macroprudential policymaking in Europe and to interact with numerous stakeholders. 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, accounting, law 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 specialising in financial stability analysis, financial markets or micro- or macroprudential supervision or policy, either at a central bank, a supervisory authority, another ESRB institution or another international institution (such as the Organisation for Economic Co-operation and Development, the International Monetary Fund or the Bank for International Settlements);
  • a sound understanding of the EU macroprudential framework, economics, banks or other financial institutions, financial markets or financial regulation;
  • 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.

  • experience in banking supervision and/or stress testing.

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 to develop and use your skills and competencies to achieve the aims of this position.

You are aware of your strengths and areas for development and know what motivates you to perform at your highest level.

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 appointments being for 24 months as of the exact starting date of the selected persons, 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 arrange to speak to the hiring manager, Emily Beau, by sending an email to

Application and selection process

If you are currently employed at an ESRB member institution but it is not on the ESCB/IO institutions list, please select “OTHER” in the application form.

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