Financial Stability Experts – Macroprudential Policy

Analysis and Policy Advice
Macroprudential Policy & Financial Stability
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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 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

Place of work Frankfurt am Main, Germany

Closing date 21.03.2023

Your team

You will be part of the Macroprudential Policy Division in the Directorate General Macroprudential Policy and Financial Stability. The Directorate General provides analysis and policy advice on issues relating to macroprudential policy, financial stability, risk assessment, financial regulation and supervision, as well as issues relating to financial stability arrangements.

In your role as Financial Stability Expert, you will be part of a team of 27 members of staff responsible for conducting analysis based on past experiences with the current policy framework and policy implementation, as well as carrying out innovative analytical work. You will work closely with colleagues from national macroprudential authorities, the European Systemic Risk Board, European banking supervision and other business areas of the ECB.   

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:
  • conduct and support state-of-the art risk analysis and apply sound judgement to macroprudential policy issues, including at country level; 
  • coordinate and contribute to briefings, notes, presentations, speeches and reports for the ECB’s committees and decision-making bodies; 
  • keep abreast of theoretical and empirical developments in the field of macroprudential policy, for instance by attending workshops and conferences;
  • develop and maintain networks with counterparts at national central banks (which would include making country visits), as well as with those at supervisory authorities and European and international organisations (such as the European Systemic Risk Board, the European Commission and the International Monetary Fund).

We value a track record of diverse relevant experience gained through internal or external mobility and/or positions held prior to working at the ECB.

The position offers you excellent opportunities to apply your analytical skills and policy judgement to macroprudential policy questions that fall within the ECB’s policy mandate, thus contributing towards enhancing financial stability in the euro area and beyond. 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 (see How you can join us for details on degree equivalences);
  • in addition to the above, a minimum of three years’ professional experience (other than as a trainee or intern) in the field of macroprudential policy and analysis; 
  • proven ability to conduct analytical background studies on financial stability topics and/or produce policy-oriented documents on macroprudential issues;
  • knowledge of the European macroprudential policy framework; 
  • experience of presenting your analysis in a clear and concise manner for use in reports, publications and policy discussions;
  • 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.

  • a PhD in economics, finance or another relevant field and a record of publishing in the Division’s areas of competence;
  • ability to work with analytical software such as MATLAB, Stata or R. 

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

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.

Some of the contracts will be convertible into permanent contracts after three years subject to individual performance and organisational needs.

For additional information on this specific vacancy, you can speak to the hiring manager, Carsten Detken, on +49 (0)69 1344 7350 between 11:15 and 12:15 on Friday, 3 March or Friday, 10 March.

Application and selection process

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.

Find out how to apply for a position at the ECB. 
Read more about joining us.