Head of Section Operational Risk & Resilience (Directorate General On-site and Internal Model Inspections)

On-site & Internal Model Inspections
6107

General Information

Type of contract Fixed-term contract which may be converted into a permanent contract after five years subject to individual performance and organisational needs

Who can apply? EU nationals

Salary I (1) (minimum full time monthly net salary €7,597 and benefits, see further information section)

Role specialisation Leadership

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 21.08.2022

Your team

You will be part of the Non-Financial Risk Inspections Division in the Directorate General On-site and Internal Model Inspections. Our Directorate General is responsible for the on-site activities carried out by the ECB in close collaboration with the national supervisory authorities, including:

  • leading and participating in on-site inspections, mainly at the banks directly supervised by the ECB; 
  • maintaining and continuously enhancing comprehensive and state-of-the-art on-site methodologies;
  • ensuring consistent on-site supervisory approaches across the Single Supervisory Mechanism (SSM), the system of banking supervision in Europe comprising the ECB and the national supervisory authorities of the participating countries;
  • contributing, with other business areas, to identifying the main risks to the banking sector and defining the SSM’s supervisory priorities. 

The Non-Financial Risk Inspections Division is composed of three sections in charge of leading and coordinating on-site inspections and ensuring the timely delivery to Joint Supervisory Teams of high-quality and consistent results. The inspections encompass both traditional risks for banks as well as a strong component of emerging and cross-cutting risks. They cover business model (including digital transformation), operational and IT risk, governance and risk management, and climate and environmental risks.

In your role as Head of Section, you will be part of a highly qualified and motivated team of around ten members of staff responsible for on-site inspections in the area of IT risk, i.e. availability and continuity risks, security risks, IT change risks, data integrity risks and IT outsourcing risks, and will work closely with representatives of other ECB business areas as well as on-site inspectors from the national supervisory authorities.

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 Head of Section you will:

  • provide input into the development of the Division’s strategy and ensure its implementation by setting clear individual and team objectives;
  • manage teams of highly qualified experts, prioritising activities and allocating resources  (particularly in terms of participation in and support provided to on-site inspections in the area of competence of your Section), delegating tasks to empower at the lowest possible level, providing guidance, clarifying expectations and standards, setting deadlines and following performance; 
  • build high performance teams by engaging diverse talent and providing coaching, mentoring, feedback and development opportunities; 
  • promote a positive work climate based on inclusion, ethics and well-being;
  • foster a productive and agile working environment and ensure overall delivery and quality of results from on-site inspections;
  • apply and share your profound knowledge of the relevant areas of banking regulation and supervision and related processes to enhance the work of the Section and Directorate General;
  • identify synergies and implement improvements in methodologies and processes for on-site inspections conducted with other units of the Directorate General (e.g. in the field of digital transformation or in the area of governance);
  • adapt the ECB’s on-site supervisory approach for IT risk to both the IT evolution affecting banks (e.g. cloud computing) and developments in the regulatory framework (e.g. the Digital Operational Resilience Act);
  • promote a “one team” spirit of proactive and efficient collaboration across the SSM, working in close contact with on-site staff of national supervisory authorities as well as other ECB business areas (e.g. by contributing to the development of policy stances in the areas of competence of your Section). 

The position offers you excellent opportunities to coordinate and oversee in-depth and impactful supervisory assessments on topics related to IT risk. 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 computer science, mathematics, physics or other quantitative studies, or another relevant field such as economics, finance or business administration (see How you can join us for details on degree equivalences);
  • in addition to the above, a minimum of seven years’ professional experience in the area of IT risk, either in a field related to information and communication technology, or in banking supervision or financial services (including consulting, auditing or other advisory services in a supervisory or regulatory context);
  • a minimum of three years’ professional experience in coordinating a multicultural team of highly qualified professionals; 
  • strong leadership and management skills, in particular the ability to lead and/or coordinate teams working within tight timeframes in complex and challenging (e.g. multi-stakeholder) environments;
  • professional experience in coordinating complex projects or tasks based on risk-based prioritisation;
  • effective stakeholder management skills, including the ability to communicate complex and technical concepts in a simple and clear manner;
  • 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: 
  • sound knowledge and expertise in the areas of operational and IT risk, supported by professional experience in risk management or supervision in those areas;
  • an excellent track record of delivering high-quality results while promoting a positive work climate and fostering collaboration across teams and units.

You engage collaboratively with others. You pursue team goals and can draw on the strengths of a diverse team to get the best results. You support the efforts of team members to develop their abilities and are able to build up high-performing teams. You facilitate change and can articulate strategic priorities and scenarios for your team.

You are highly motivated to guide teams in their daily work and support their professional development. You are aware of your strengths and areas for development and know what motivates you to perform at your highest level.

Working modalities

Working for European banking supervision involves spending short periods of time abroad for on-site visits or training and potentially also longer periods during on-site inspections. This important part of our work is complemented by an environment in which well-being and a good work-life balance are fostered. Playing a role in European banking supervision also entails collaborating in multinational and multicultural teams and operating in the context of different national frameworks, for which a strong ability to use different EU languages for business purposes is an asset.

We would be happy to discuss a part-time arrangement for this role.

Further information

For additional information on this specific vacancy, you can speak to the hiring manager, Marco Rocco, on +49 (0)69 1344 6538 between 11:00 and 12:00 on Thursday, 4 August.

Application and selection process

The recruitment process for this position will be conducted remotely. It may include a short interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase – a written exercise, a presentation and interviews. 

The selection procedure will also include a separate assessment of your leadership competencies. 

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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