Head of the Bank Lending Conditions Section

Monetary Policy
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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 €7,485 and benefits, see further information section)

Role specialisation Leadership

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 26.07.2021

Your team

You will be part of the Monetary Analysis Division in the Directorate General Monetary Policy. Our Directorate General monitors and analyses the effects of the ECB’s monetary policy strategy and monetary policy stance, as well as monetary and financial developments. It also analyses strategic aspects of monetary policy such as the transmission of monetary policy impulses, the term structure and links with financial stability. We are currently working on the monetary policy response to the coronavirus (COVID-19) crisis and on the ECB’s strategy review.

In your role as Head of the Bank Lending Conditions Section, you will be coordinating a team of 15 members of staff conducting regular analysis of the transmission of monetary policy via banks, and assessing bank liquidity and funding conditions across the euro area and the functioning of the bank lending channel. The Section contributes to the identification of credit constraints using firm/bank-level information and more granular data from credit registers and also has primary responsibility for the bank lending survey.

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:
  • plan and prioritise the Section’s work, in close cooperation with the Head of Division, and organise the Section’s workflow;
  • draw up, steer and implement the Section’s analytical agenda and organise workshops on issues relevant to the work of the Section;
  • coordinate briefings for senior ECB officials in preparation for public appearances and participation in internal and external meetings;
  • steer and supervise the Section’s contributions to the ECB’s official publications;
  • manage the staff of the Section, including recruiting and coaching team members and conducting performance and development reviews;
  • ensure close cooperation with other divisions in the Directorate General Monetary Policy and other business areas.

The position offers you excellent opportunities to contribute to the assessment of the transmission of monetary policy via banks and to apply state-of-the-art econometric models to policy-relevant issues. 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 or another relevant field (click here for details on degree equivalences); 
  • in addition to the above, a minimum of ten and ideally 15 or more years’ experience in the field of monetary policy; 
  • a sound academic record in applied microeconomics or macroeconomics related to banking and the transmission mechanism of monetary policy;
  • experience of coordinating a team of qualified professionals or projects in the field of monetary policy, economics or another relevant field;
  • experience of preparing high-quality policy documents drawing on state-of-the-art analytical studies and models;
  • very good writing skills and the ability to draft well-structured notes within tight deadlines;
  • a broad awareness of and interest in the role and functioning of the ECB and the European System of Central Banks;
  • 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 and a research and publication record;
  • experience in providing policy advice, including on the basis of research results and analytical models, and in research-based policy work.
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 motivated to be part of our team and to develop and use your skills and competencies to achieve the objectives of this position.

Further information

For additional information on this specific vacancy, you can send an email to the hiring manager, Carlo Altavilla, to carlo.altavilla@ecb.europa.eu. 

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