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
31.05.2022
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
Internal Models, On-Site Inspection
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
31.05.2021
Your team
You will be part of the Directorate General On-Site and Internal Model Inspections. The Directorate General leads and participates in on-site activities, mainly at banks classified as significant institutions. It facilitates the planning and execution of the on-site supervisory programme. It develops and maintains comprehensive on-site methodologies for inspections, internal model investigations and asset quality reviews, ensures harmonised on-site approaches for the SSM and contributes to the identification of risks and supervisory priorities, ensuring the consistency of the assessment results across the SSM. The Directorate General is integrated with the ongoing supervision and horizontal activities, providing independent, consistent and complementary high-quality assessments.
In your role as Lead Supervisor, you will be part of one of the Directorate General’s three divisions covering specific types of risk for both on-site inspections and internal model investigations.
The Single Supervisory Mechanism 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:
- lead and coordinate multinational teams of professionals performing on-site inspections, assessments and internal model investigations carried out at significant institutions in a range of countries to assess key risk profiles or compliance of internal models;
- establish and maintain cooperative relationships with staff and management at all levels, both inside and outside the organisation;
- contribute to the ongoing monitoring of on-site inspections and internal model investigations throughout their life cycle and, on a macro level, to ensuring that the agreed standards and regulatory requirements are applied consistently across the SSM, including by checking the consistency of reports;
- analyse and review reports as well as contribute to the horizontal analysis and benchmarking of investigations and related projects and activities (e.g. benchmarking or validation of reporting requirements).
This position offers you excellent opportunities to work as an on-site inspector, analyse topical issues relating to prudential supervision, gain insight into the practices of significant institutions and discuss the results of your analysis both internally and with the supervised institution. As Lead Supervisor (Head of Mission) you will also strengthen your project management skills, dealing with key supervisory processes in a multi-stakeholder environment, and will have the opportunity to further develop your ability to think analytically and challenge constructively, with a focus on results, teamwork, cooperation and communication.
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, mathematical engineering, mathematics, law, computer science, econometrics, statistics or another relevant field (click here for details on degree equivalences);
- in addition a minimum of five years and ideally seven or more years’ experience in banking supervision;
- sound understanding of European prudential regulation and of the related accounting framework;
- an excellent knowledge of supervision and supervisory policies, methodologies and regulations, as well as of the functioning of financial institutions;
- a sound knowledge of bank risks and profiles, especially in relation to credit risk, internal models and business model analysis;
- 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:
- professional experience in leading on-site inspections and/or audits and in coordinating the development of on-site methodology and techniques.
Behavioural competencies
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 objectives of this position.
You are highly motivated to guide teams in their daily work and support their professional development.
Working modalities
Working for European banking supervision in the Directorate General On-Site and Internal Model Inspections involves spending short periods of time abroad for training. Participating in on-site inspections or on-site internal model investigations may require longer periods of travel abroad. This important part of our work is complemented by an environment in which well-being and a good work-life balance are fostered.
Playing a role in European banking supervision also entails collaborating in multinational and multicultural teams and operating in the context of different national frameworks, for which a strong ability to use different EU languages for business purposes is an asset.
We are willing to discuss part-time arrangements.
Further information
The contract(s) 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.
For additional information on this specific vacancy, you can speak to the hiring manager, Pietro Giammario, on +49 (0)69 1344 7255 on Monday 17.05.2021 between 11:00 and 12:00.
Application and selection process
For further information on how to join us,
read more.The recruitment process for this position will include interviews and a presentation.
