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
14.08.2027
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
H (bracket 1 - step 1) full time monthly net salary: €9,462 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
12.04.2024
Your team
You will be part of the Secretariat of the European Systemic Risk Board (ESRB), a body of the European Union. The ESRB brings together independent experts and representatives from some 80 different institutions. It is responsible for the macroprudential oversight of the EU financial system, thus helping 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.
The ESRB Secretariat is part of the European Central Bank (ECB). The Secretariat provides analytical, statistical, logistical and administrative support to the ESRB. Our tasks include identifying and analysing systemic risks to the EU financial system, proposing macroprudential policies, assessing the macroprudential policies of EU Member States, preparing ESRB warnings/recommendations and monitoring their implementation. The Secretariat also cooperates with national central banks, supervisory authorities and other EU institutions, supports ESRB committees and working groups and prepares documents for meetings of the ESRB’s General Board and ESRB substructures.
In your role as Lead Legal Counsel, you will provide legal input for all the tasks performed by the Secretariat. You will also coordinate and guide junior staff in providing legal input.
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 Lead Legal Counsel you will:
- support and coordinate the legal activities of the ESRB Secretariat by providing timely and high-quality legal advice and, in particular, by assisting the staff of the ESRB Secretariat with the legal and institutional aspects of the ESRB’s activities;
- provide legal expertise for drafting ESRB legal instruments, in particular recommendations, warnings, opinions and decisions;
- coordinate the assessment of compliance with ESRB recommendations and provide legal advice to ensure consistent implementation across EU and national institutions;
- identify any legal issues arising from the policy actions of the ESRB and devise possible solutions;
- cooperate and liaise with ESRB member institutions and other EU and national institutions on legal matters of common interest;
- represent the ESRB Secretariat in European committees, working groups and ESRB sub-structures where legal issues arise.
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
Essential:
- master’s degree in law or an equivalent professional qualification as a lawyer obtained in an EU Member State (see How you can join us for details on degree equivalences);
- in addition to the above, a minimum of five years’ professional experience as a legal counsel in Europe, working on legal aspects of financial stability, financial supervision and/or financial services;
- in-depth knowledge of the legal and institutional underpinnings of the global and European regulatory framework of the financial sector, based on a sound understanding of legal principles, concepts and techniques;
- 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:
- experience in coordinating a team of highly qualified staff;
- proven expertise in advising decision-making bodies on performing their key duties;
- experience in negotiations regarding complex and technical legal matters with internal and external stakeholders.
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 skilled at encouraging people to develop their abilities and are able to build up high-performing teams.
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 highly motivated to guide teams in their daily work and support their professional development.
Further information
The contract offered will be short-term ESCB/IO, the appointment being for 24 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 hiring manager, Francesco Mazzaferro, by sending an email to esrbsecretariat@ecb.europa.eu
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 “NONE OF THE ABOVE” in the application form.
The recruitment process for this position will be conducted remotely. It will include a written exercise, a presentation and interviews.
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.
