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
31.07.2023
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: €9,992 plus benefits, for further information see
what we offer.
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
20.09.2022
Your team
You will be part of the Stress Test Experts Division (STE) in the Directorate General Horizontal Line Supervision. Our Division has around 40 staff providing scenario-based and sensitivity stress test analysis to the Joint Supervisory Teams (JSTs), coordinating and implementing the ECB’s contribution to the European Banking Authority (EBA) EU-wide stress tests, and running the ECB’s regular annual stress tests as well as its biennial thematic stress tests. We are currently preparing for the EU-wide stress tests to be conducted in the first half of 2023.
The Horizontal Quality Assurance team is responsible for conducting supervisory quality assurance on the banks’ bottom-up projections by means of peer benchmarking, assessments of compliance with the EBA’s stress-testing methodology and transversal analyses to identify and report key drivers of the stress test results and support stress test quality assurance from a holistic perspective.
The Single Supervisory Mechanism (SSM) is the system of banking supervision in Europe. It comprises the ECB and the national supervisory authorities of the participating countries.
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 a Lead Supervisor, you will assume a senior role in the Horizontal Quality Assurance team with a focus on data quality, methodological compliance and peer benchmarking for one or several risks to capital.
This may include one or more of the following tasks:
- reviewing the data quality, methodological compliance and adequate conservativeness of banks’ submissions in a specific risk area (e.g. credit risk, market risk, operational risk, etc.), including developing and refining quality assurance methods based, for example, on peer benchmarking;
- providing advice on the application of stress testing methodologies as well as relevant regulation and accounting frameworks (e.g. the Capital Requirements Regulation, IFRS 9);
- helping to build a strong team of experts, together with the Division’s management and team leads;
- act as a reference point and mentor for the team;
- work closely with other teams, such as the JSTs and the ECB’s top-down stress test modelling team;
- provide input and prepare materials to support the decision-making process;
- represent the Division in internal and external meetings.
The position offers you a unique opportunity to contribute to financial stability within Europe and to learn from some of the leading experts in the field of system-wide stress testing and microprudential policy impact assessment.
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 economics, finance, business administration, accountancy, statistics, econometrics, mathematics, physics, engineering or another relevant field (see How you can join us for details on degree equivalences);
- five or more years of professional experience in the field of stress test data analysis, gained at a regulatory authority, supervisory authority, financial institution, international organisation or top-tier consultancy firm;
- professional experience in coordinating and mentoring a team of highly qualified staff; a thorough knowledge of stress-testing methodologies;
- professional experience in the quality assurance of banks’ bottom-up stress test calculations, peer benchmarking, horizontal data analysis, data processing and the preparation of reports using databases;
- advanced knowledge of relevant accounting frameworks (e.g. IFRS 9) and regulations (e.g. the Capital Requirements Regulation);
- excellent analytical capabilities;
- sound programming skills in Python, R, MATLAB, SQL, VBA or SAS;
- 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 the development, implementation and/or validation of stress-testing models;
- advanced knowledge of one or more the following programming languages: Python, R, MATLAB, SQL, VBA, SAS;
- advanced knowledge of Tableau.
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 be part of our team and to develop and use your skills and competencies to achieve the aims of this position.
You are highly motivated to guide teams in their daily work and support their professional development.
Working modalities
We would be happy to discuss a part-time arrangement for this role.
On-site presence in the ECB’s Frankfurt headquarters may be required for selected weeks during certain key phases of the project.
Further information
The contract(s) offered will be short-term ESCB/IO, the appointment being for six to eight 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 speak to the hiring manager, Christoffer Kok, on +49 173 254 7734 between 14:00 and 16:00 on Monday, 5 September and Friday, 9 September 2022.
Application and selection process
The recruitment process for this position will be conducted remotely. It will include 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.
