Market Infrastructure PM Specialist (TIPS Evolution)

Fin. Markets & Market Infrastructure Ops
Market Infrastructure & Payments

General Information

Type of contract Fixed-term contract, which may be extended subject to individual performance and organisational needs

Who can apply? EU nationals

Salary E/F (bracket 1 - step 1) full time monthly net salary: €4,611 plus benefits, for further information see what we offer.

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 01.07.2024

Your team

You will be part of the Market Infrastructure Development Division in the Directorate General Market Infrastructure and Payments. Our Directorate General has 255 staff working to ensure that Europe’s financial markets can rely on safe and efficient market infrastructure, while embracing innovation and contributing to further European integration. The Market Infrastructure Development Division oversees the evolution of the Eurosystem’s market infrastructures for securities settlement and payments. Together with the relevant stakeholders across Europe, we coordinate T2, TIPS and T2S developments within the European System of Central Banks.

In your role as Market Infrastructure PM Specialist, you will be part of a team of five staff members responsible for developing the TARGET Instant Payment Settlement (TIPS) service by applying change and release management processes, onboarding non-euro communities onto the TIPS platform, maintaining an ongoing dialogue with the market on major developments in the instant payment landscape and supporting new TIPS initiatives, including the potential introduction of cross-currency instant payments. This will involve working closely with national central banks, automated clearing houses, the European Payments Council and the Nordic Payments Council.

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 Market Infrastructure PM Specialist you will:
  • support TIPS change and release management by conducting analyses of requirements for new change requests and contributing to cross-service impact assessments;
  • engage and collaborate with the relevant stakeholders (national central banks, technical service providers , automated clearing houses and other TARGET Services) to help advance the various projects overseen by the team;
  • provide support to the TIPS governance groups’  secretarial  function;
  • contribute to the periodic publication of TIPS-related information on the ECB’s website;
  • prepare and occasionally give presentations relating to TIPS.

We are seeking candidates for this role who demonstrate the potential for growth, and we will support the selected candidate(s) in their future development of the required knowledge, skills or competencies.

The position offers you excellent opportunities to contribute to the present and future of the instant payment landscape. This entails supporting the state-of-the-art services provided by TIPS and enhancing the efficiency of the Eurosystem’s offer in market infrastructures for payments for the benefit of EU citizens and businesses alike. 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 bachelor’s degree or equivalent in business administration, economics, international relations, political science, project management, information technology, finance or another relevant field (see How you can join us for details on degree equivalences);
  • in addition to the above, proven working experience (including a traineeship) in the field of (instant) payment settlement within a major financial market infrastructure, a financial institution or a central bank; 
  • a sound understanding of TIPS from a functional, operational and technical point of view; 
  • 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.

  • a good knowledge of the SEPA Instant Credit Transfer (SCT Inst) scheme;
  • experience in project management in the field of instant payments involving TARGET Services or other, similar market infrastructures;
  • familiarity with the ISO 20022 standard, particularly as regards the interchange of payment settlement information between financial institutions;
  • proven experience of analysing complex information from a variety of sources and of handling functional and technical issues from the conceptual stage through to their implementation.
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 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 develop and use your skills and competencies to achieve the aims of this position.

Further information

The contract(s) offered will be fixed-term, the appointment being for 15 months from 1 October 2024 until the end of 2025. 

Temporary appointments may be extended or made permanent subject to organisational needs and budgetary constraints. This may result in a staff member with a non-convertible fixed-term contract being offered a convertible contract in accordance with the ECB Conditions of Employment.

For additional information on this specific vacancy, you can speak to the hiring manager, Jean Clement, on +49 (0)69 1344 5969 between 12:00 and 13:00 on Tuesday, 18 June 2024.

Application and selection process

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.

Find out how to apply for a position at the ECB. 

Read more about how you can join us.