Internal Auditor – Banking Supervision (ESCB/IO)

Corporate Governance & Resilience
Internal Audit
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.

Role specialisation Audit – Banking Supervision and Finance

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 09.12.2022

Your team

You will be part of the Audit Missions Division in the Directorate Internal Audit. Our Directorate has around 40 staff and provides independent and objective assurance services, as well as consulting services, under the direct responsibility of the Executive Board of the European Central Bank (ECB). The Division is responsible for auditing both central banking and banking supervision functions, in addition to the shared services functions which support them. It provides ECB business areas with advice on risk and control-related issues and also contributes to the work of the Internal Auditors Committee and its sub-structures.

In your role as Internal Auditor, you will be part of a small dynamic and multicultural team providing independent and objective assurance services designed to improve and add value to operations in the banking supervision domain. The team works closely with the directorates general responsible for banking supervision and, as appropriate, with internal audit functions of national authorities in the context of the Single Supervisory Mechanism (SSM). 

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 an Internal Auditor you will:
  • provide auditing services and advice on managing risks, by performing audits and issuing independent opinions on governance, risk management and control processes, as well as recommendations for improving operations in areas related to banking supervision;
  • prepare audits, develop audit programmes and the associated audit procedures, carry out the related fieldwork and perform testing of controls in a risk-based manner, evaluate risks and assess the effectiveness of controls, and draft and present audit reports;
  • perform follow-up work on audits, assessing whether recommendations have been adequately implemented;
  • build trust and good working relationships, and collaborate closely with ECB business areas and with internal audit functions of national competent and designated authorities in the context of the SSM; 
  • examine issues critically and objectively from an informed, balanced and risk-based perspective before making recommendations or reaching conclusions.

This position offers you excellent opportunities to gain an inside view of the workings of the ECB and the SSM. 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 finance, business administration, financial economics, financial regulation or another relevant field (see How you can join us for details on degree equivalences);
  • in addition to the above, a minimum of five years’ professional experience of banking supervision (e.g. performing direct or horizontal supervision of credit institutions) or auditing in the field of banking supervision and finance;
  • a good understanding of SSM processes (e.g. implementation of a Supervisory Examination Programme, application of the Supervisory Review and Evaluation Process, and performance of on-site inspections);
  • excellent analytical and presentation skills, including the ability to simplify issues, identify root causes, provide new insights and recommend risk mitigation measures;
  • a proven ability to draft complex documentation in a clear and concise 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.

  • relevant professional qualifications (e.g. in banking supervision, or as a Chartered Accountant, Certified Internal Auditor, Chartered Financial Analyst or Financial Risk Manager);
  • sound knowledge of the European banking regulatory framework (e.g. the Single Rulebook, Capital Requirements Directive – CRD V, Capital Requirements Regulation – CRR2, and the Basel Core Principles for Effective Banking Supervision);
  • an awareness of regulatory policy discussions at the international level (e.g. within the Financial Stability Board and the Basel Committee on Banking Supervision).

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 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.

Further information

The contract offered will be short-term ESCB/IO, the appointment being for 12 months as of the exact starting date of the selected person, 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 speak to the Senior Team Lead, Karen Shine, on +49 (0)69 1344 5305 between 14:00 and 16:00 on 23 November 2022.

Application and selection process

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