Market Infrastructure Specialist (digital euro)

Analysis and Policy Advice
Entry/early career
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 (1) (minimum monthly net salary €4,167 and benefits, see further information section)

Role specialisation Market Infrastructure

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 15.03.2021

Your team

You will be part of the team preparing the possible launch of a Eurosystem project to develop a digital euro. The digital euro would be an electronic form of central bank money accessible to citizens and firms – like banknotes but in a digital form. The team responsible for preparing this large-scale Eurosystem project in the area of payments is part of the Directorate General Market Infrastructure and Payments.

In your role as Market Infrastructure Specialist, you will be part of the team that analyses all business, economic and technical needs related to the digital euro project. It undertakes analytical work and develops prototypes with a view to preparing policy decisions for consideration by Eurosystem governance bodies and the ECB’s Governing Council, which will decide on whether to launch the digital euro project around mid-2021. The team would also support the bodies in charge of the project and be responsible for project delivery and project-related communications with all external stakeholders involved in related technical and policy issues. 

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 your gender, gender identity, ethnicity, sexual orientation, age, religion, disability or other characteristics.

Your role

As a Market Infrastructure Specialist you will:
  • contribute to translating the policy objectives of a digital euro into the design requirements for the project;
  • contribute to the understanding of the impact of a digital euro on the economy and on the integration and innovation of the retail payments system;
  • engage with market players, fintech firms, academics and the central bank community regarding innovative technologies of mutual interest in view of the potential project;
  • contribute to the preparation of functional and/or technical specifications for the digital euro;
  • contribute to the planning and preparation of communication regarding the project.

The position offers you excellent opportunities to explore ongoing technological innovation in the financial industry, particularly in the field of payments. As a member of the team, you will also have the opportunity to improve your knowledge of the payments needs and preferences of citizens and businesses, your awareness of the industrial organisation of the payments market and its relevance for the economy, and your understanding of ongoing technological innovation in the field of payments. 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, finance, STEM (science, technology, engineering or mathematics) or another relevant field (click here for details on degree equivalences); 
  • in addition to the above, a minimum of one year of experience working with market research related to fintech developments or their potential impact on the financial system;
  • basic knowledge of the functioning of market infrastructure and payment services;
  • experience presenting complex functional and/or technical topics in a clear and concise manner to internal and external audiences;
  • 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.

  • at least one year of experience in one or more of the following fields: policymaking within public institutions (preferably in an international context); functional and/or technical design in the area of retail payments (preferably in relation to the specific features of central bank digital currencies); and product development in the retail payments industry. 

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 use your skills and competencies to achieve the objectives of this position.

Working modalities We are willing to discuss part-time arrangements.

Further information

Fixed-term contract of one year. 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, Jose Ignacio Terol Rodriguez, on +49 (0)69 1344 6479 between 14:00 and 16:00 on Wednesday, 03 March.

Application and selection process

For further information on how to join us, read more.

The recruitment process for this position may include a pre-recorded video interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase – a written exercise, a presentation and interviews.