Market Infrastructure Specialist - Market Infrastructure Support

Market Infrastructure & Payments
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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 17.04.2024

Your team

You will be part of the Market Infrastructure Support Division in the Directorate General Market Infrastructure and Payments. Our Directorate General has around 220 staff working to ensure that Europe’s financial markets can rely on safe and efficient market infrastructure. We strive to achieve this while embracing innovation and contributing to further European integration.

Our Division provides transversal services that support the Eurosystem’s TARGET Services (T2, T2S, TIPS and the upcoming ECMS). This includes testing new TARGET Services and releases, interacting with stakeholders and financial market participants and carrying out tasks associated with the second line of defence for TARGET Services (e.g. operational risk management, cyber resilience, information security and compliance).

In your role as Market Infrastructure Specialist, you will be part of a dynamic team of seven people and work closely with experts from the four national central banks that provide the infrastructure for the TARGET Services (i.e. the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d’Italia). Our team establishes risk management frameworks (e.g. in relation to information security), monitors relevant operational activities in the first line of defence and reviews operational risk management (including risk mitigation measures). It reports independently to the Market Infrastructure Board, which is responsible for steering TARGET Services and ensuring that they function smoothly.

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 Market Infrastructure Specialist you will:

  • help to maintain and implement the operational risk management framework for TARGET Services;
  • contribute to the maintenance and implementation of a specialised cyber resilience and information security framework for TARGET Services;
  • help to provide a second-line opinion on the security of TARGET Services;
  • help to provide holistic risk assessments covering all TARGET Services;
  • review risk management activities and risk mitigation measures in the first line of defence;
  • contribute to independent risk and control assessments;
  • contribute to compliance activities carried out in the second line of defence. 

This position will offer excellent opportunities to work in a dynamic environment and help to increase the resilience of one of the world’s largest financial market infrastructures. 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 finance, economics, business administration, mathematics, engineering, physics, computer science or another relevant field (click here for details on degree equivalences);
  • in addition to the above, at least one year’s experience (including traineeship) in the area of IT security or cyber resilience, performing or reviewing (i) IT security risk assessments, (ii) operational risk management activities, and/or (iii) compliance-related activities for financial market infrastructures, central banks or other financial institutions in the context of the first, second or third line of defence (internal audit); 
  • a good knowledge of standards and guidelines relating to cyber resilience, information security, business continuity and risk management (e.g. the ISO 27000 and ISO 31000 families and/or the COSO framework);
  • an ability to deliver results within tight time frames, manage multiple assignments simultaneously and prioritise tasks appropriately;
  • a proven ability to present subject matter in your area of expertise to internal and external audiences in a clear and concise manner;
  • 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 understanding of one or more TARGET Services and the interdependencies between those services; 
  • financial market infrastructure or central bank experience in relevant fields;
  • certification in information security (e.g. CISSP, ISO 27001), project management (e.g. PRINCE2, PM2), risk management (e.g. Management of Risk Foundation/Practitioner), GDPR (e.g. certified DPO or IPP), risk and information systems control (CRISC), information security management (CISM), auditing of information systems (CISA) or internal auditing (CIA);
  • formal education in the field of cybersecurity or IT risk. 

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 be part of our team and develop and use your skills and competencies to achieve the objectives of this position.

Working modalities

We would be happy to discuss a part-time arrangement for this role.

Further information

The contract offered will be fixed-term, the appointment being for up to 19 months until the end of January 2026 as of the exact starting date of the selected person.

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, Suzanne Jung, on +49 172 2574260 between 10:00 and 12:00 on Tuesday, 9 April 2024.

Application and selection process

The recruitment process for this position will be conducted remotely. It will include a written exercise, a presentation and 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.

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

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