Lead Legal Counsel - ESRB Secretariat (ESCB/IO)

ESRB Secretariat

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 31.07.2123

Who can apply? EU nationals working for the international public sector organisation or EU organisations performing central banking or banking supervision tasks. Your current contract must extend at least 1 year beyond the end of the potential employment at the ECB

Salary H (1) (minimum monthly net salary €6,958 and benefits, see further information section)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 29.04.2021

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 representatives from some 80 institutions and independent experts. It is responsible for the macroprudential oversight of the EU financial system and thereby contributes to preventing and mitigating 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, cooperating with supervisory and other macroprudential authorities, supporting ESRB working groups and preparing documents for meetings of the ESRB General Board. 

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 Secretariat with the legal and institutional aspects of the ESRB’s activities;
  • provide legal expertise for the drafting of ESRB legal instruments, in particular recommendations and warnings;
  • 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 a broad range of 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

  • a master’s degree in law or an equivalent professional qualification as a lawyer obtained in an EU Member State (click here for details on degree equivalences);
  • five years of full-time professional experience as a legal counsel in Europe, working on the legal aspects of financial stability, financial supervision and/or financial services;
  • in-depth knowledge of the regulatory framework of the global and European financial sector, based on a sound understanding of legal principles, concepts and techniques;
  • proven experience in negotiations with internal and external stakeholders concerning complex and technical legal matters, including the ability to communicate those matters in a non-technical way;
  • 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.

  • additional university degrees, such as a postgraduate degree in European law, financial law, economics, business administration, or public policy;
  • proven expertise in advising decision-making bodies in the performance of their key duties, preferably at a central bank, supervisory authority, macroprudential authority or major international organisation;
  • two or more years of experience in coordinating a team of highly qualified staff. 
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 motivated to be part of our team and to use your skills and competencies to achieve the objectives of this position.

Working modalities

We are willing to discuss part-time arrangements.

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. 

For additional information on this specific vacancy, you can arrange to speak to the hiring manager, Francesco Mazzaferro, by calling +49 69 1344 7427 between 12:00 and 13:00 CET on 19 April 2021.

Application and selection process

For further information on how to join us, read more.
The recruitment process for this position will include a written exercise, a presentation and online interviews via Webex.