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: €4,869 plus benefits, for further information see
what we offer.
Role specialisation
Market Ops Policy & Implementation
Working time
Part time
Place of work
Frankfurt am Main, Germany
Closing date
06.07.2023
Your team
You will be part of the Directorate General Market Operations (DG/M). In our Directorate, we prepare the monetary policy and foreign exchange operations of the Eurosystem, execute those operations which are centralised and coordinate those which are decentralised. We manage the ECB’s foreign exchange reserves and own funds, and we develop and maintain the framework for all financial market-related activities. We also maintain relationships with financial market participants, central banks and official institutions, and we monitor and analyse the market developments which are relevant for the conduct of market operations.
You will join the Financial Operations Services Division, a diverse, highly motivated and committed division of approximately 20 staff members responsible for the settlement and reconciliation of the outright monetary policy transactions, foreign exchange operations and own funds management operations executed by the ECB. The Division also manages contracts and legal documentation with the ECB’s counterparties and financial intermediaries for foreign exchange, foreign reserve management and own funds management operations. It provides fiscal agent services to EU institutions and coordinates the reserve management services offered by the Eurosystem to non-euro area central banks, international institutions, monetary authorities and countries. The Division also contributes to the implementation of project activities aimed at enhancing its operational efficiency and resilience, making use of financial innovation and state-of-the-art technology.
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 Operations Analyst in the Reconciliation, Legal Documentation and Data team and you will:
- execute the Nostro reconciliation procedures for the ECB’s monetary policy and investment portfolio;
- manage databases and data and contribute to the preparation of reports, tables and presentations for the Directorate’s senior management, Eurosystem task forces and working groups;
- manage, in close collaboration with colleagues in the Directorate General Legal Services, the legal documentation relating to the ECB’s counterparties and follow up on counterparty requests, e.g. for Anti-Money Laundering (AML) and Know Your Customer (KYC) activities;
- assist, from a user’s perspective, in the development of relevant IT applications and contribute to improving processes related to systems such as the Treasury Management System, developing relevant test material and executing the test scenarios;
- prepare surveys and consolidate, analyse, visualise and present survey results to different fora.
The position offers you excellent opportunities to contribute to the implementation of monetary policy operations. 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 in finance, economics, law, business administration or another relevant field, (see How you can join us for details on degree equivalences);
- a minimum of one year’s professional experience in front/middle/back office and/or accounting, and/or with treasury management systems in the fields of portfolio management, risk management, settlement and/or financial accounting;
- a good understanding of financial instruments and markets (fixed-income and related derivatives), structured finance (e.g. asset-backed securities) and forex instruments;
- experience in working with MS Office (e.g. Word, Excel, PowerPoint, Access) and document management software such as OpenText;
- 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:
- experience in the reconciliation of financial operations;
- experience as a business user of treasury management systems (e.g. Wallstreet Suite, Findur) and/or the SWIFT financial messaging system and/or market information systems (e.g. Bloomberg, Reuters);
- experience of process analysis and visualisation;
- knowledge of data visualisation or programming languages such as Python, Tableau, VBA or SQL;
- knowledge of financial market regulations and contractual documentation.
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.
Working modalities
To enable the Division to maintain its business continuity capability, you will occasionally be expected to perform work during non-standard working hours and work at the ECB’s standby sites.
The position offered will be on a 50% part-time basis, with the potential to increase the working time subject to budget availability and workload.
Further information
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, Emily Witt, on +49 (0)69 1344 7711 between 11:00 and 12:00 on Tuesday, 20 June 2023 and Tuesday, 27 June 2023.
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.
