General Information
Type of contract
Fixed-term contract which may be converted into a permanent contract after three years 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.
Role specialisation
Financial Market Management
Working time
Full time
On-call?
Yes
Shift?
Yes
Place of work
Frankfurt am Main, Germany
Closing date
04.02.2021
Your team
You will be part of the Market Infrastructure Management Division in the Directorate General Market Infrastructure and Payments. Our Directorate General has around 140 staff, who seek to ensure that Europe’s financial markets can rely on safe and efficient market infrastructure, while embracing innovation and contributing to further European integration. Our responsibilities are threefold: we provide payment and securities settlement infrastructure under the TARGET Services brand; we monitor the performance of financial market infrastructure and payment instruments; and we work with the financial sector to promote innovation and the harmonisation of business practices across Europe.
In your role as a Market Infrastructure Specialist, you will be part of a team of around 30 staff who are responsible for managing, analysing and operating the Eurosystem’s cash and securities settlement infrastructure (TARGET2, TIPS and T2S). The Division coordinates the daily operations of those three systems across the European System of Central Banks, as well as coordinating with other relevant stakeholders. In addition, we run the ECB’s own TARGET2 component, providing all necessary support to our clients. We also develop and carry out analysis of the business operations of our platforms, and we ensure that those platforms comply with all applicable regulatory and legal frameworks and rules. The Division also provides assistance to various teams working on large-scale Eurosystem projects and initiatives in the area of market infrastructure and payments (such as the TARGET2/T2S consolidation project and the Eurosystem Collateral Management System).
You will join a dynamic team working on key market infrastructure issues at European level, providing support to the operational team responsible for TARGET Services and ensuring that our market infrastructure complies with all relevant frameworks and rules.
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 in the Market Infrastructure Management Division, you will:
- support work relating to the operation of TARGET2, TIPS and T2S;
- coordinate with other stakeholders with a view to ensuring that operational incidents are resolved and minimising the impact on all parties;
- support the day-to-day operations of clients using the ECB’s TARGET2 component, providing assistance in relation to their participation in the system;
- draft operational reports and notes on topical matters relating to the governance of TARGET2, TIPS and T2S;
- contribute to the establishment and maintenance of operational procedures for TARGET2, TIPS and T2S;
- support project teams responsible for market infrastructure initiatives;
- support operational testing activities for TARGET2, TIPS and T2S;
- contribute to the drafting and maintenance of relevant legal and contractual documentation;
- draft and maintain reports on the compliance of TARGET2, TIPS and T2S with the relevant oversight and regulatory frameworks;
- liaise with auditors, overseers and regulators, following up on the implementation of action plans in order to comply with their recommendations.
This position offers an excellent opportunity to work in a dynamic environment and help to manage some of the world’s largest financial market infrastructure. 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 bachelor’s degree or equivalent in finance, business administration, economics, mathematics, physics, computer science or another relevant field (click here for details on degree equivalences);
- in addition to the above, a minimum of two years’ experience in at least one of the following areas: payments, securities settlement systems, financial services infrastructure, financial market operations, or financial law;
- good general business and operational knowledge relating to large-value payment and settlement systems, as well as banks’ liquidity management;
- an understanding of the oversight and legal framework under which payment and securities infrastructure operates;
- an understanding of the interdependencies between market infrastructure and financial market participants at European and global level;
- the ability to deliver results within tight time frames, manage multiple assignments, prioritise tasks appropriately, and track the status and progress of numerous processes simultaneously;
- 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:
- a master’s degree in finance, business administration, economics, mathematics, physics, computer science or another relevant field;
- experience of operating financial market infrastructure;
- a proven ability to present subject matter in your area of expertise to internal and external audiences in a clear and concise manner.
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 to use your skills and competencies to achieve the objectives of this position.
Working modalities
To enable the Division to cover the normal operating hours of TARGET2 and T2S, and also to maintain its business continuity capability, you will be expected to perform work during non-standard working hours, as well as occasionally working at the ECB’s standby site.
Further information
For additional information on this specific vacancy, you can speak to the hiring manager, Sylvain Debeaumont, on +49 (0)69 1344 6486.
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 – an on-site written exercise and interviews.