Market Operations Analyst - DG Market Operations

Analysis and Policy Advice
Entry/early career
Market Operations
You can no longer apply

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 full time monthly net salary €4,167 and benefits, see further information section)

Role specialisation Market Ops Policy & Implementation

Working time Full time

On-call? Yes

Shift? Yes

Place of work Frankfurt am Main, Germany

Closing date 19.10.2021

Your team

You will be part of the Directorate General Market Operations (DG/M). Our Directorate General is responsible for preparing and executing the monetary policy and foreign exchange operations of the Eurosystem with a strong focus on performing daily tasks at a very high level of reliability under tight time constraints. The Directorate General works closely with other ECB business areas, the national central banks (NCBs) of the Member States of the EU and non-EU G10 central banks. We also maintain regular contact with financial market participants.

In your role as a Market Operations Analyst, you will be part of a division of around 30 to 40 people within DG/M. You will, in principle, be part of the Financial Markets and Collateral Section within the Market Operations Analysis Division. You will help monitor, analyse and assess developments in the eligibility of assets as collateral and their mobilisation in the context of the Eurosystem collateral framework. If organisational needs arise and you are found to be a suitable candidate, however, you may join another section or division, where you will be responsible for supporting one of the following areas of activity:
  • managing the ECB’s foreign reserves and own funds; monitoring and reporting on developments in the bond, equity, commodities and foreign exchange markets; and coordinating and implementing the Eurosystem’s asset purchase programmes, foreign exchange interventions and related matters;
  • coordinating nostro reconciliation procedures and legal documentation with counterparties for the ECB’s monetary policy and investment portfolios.

These tasks involve working with advanced IT infrastructures, and you will play a role in the ongoing development of these systems. You will work closely with colleagues in the other divisions of DG/M as well as stakeholders inside and outside the ECB. 

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 you will:
  • contribute to monitoring and analysing the performance of the Eurosystem’s monetary policy implementation framework;
  • contribute to projects related to monetary policy implementation and ongoing regulatory initiatives, including participating in software testing and helping improve internal business intelligence tools;
  • support analytical work in your division, including the preparation of analytical input for the development of the Eurosystem’s monetary policy implementation tools and strategy;
  • present findings at various EU and euro area fora;
  • help develop and automate data management processes to support the widespread and timely distribution of reports;
  • coordinate with other business areas on analytical work, systems implementation, database improvements and secure data sharing:
  • pay attention to detail and deliver high-quality results within tight deadlines.

The position offers you excellent opportunities to leverage your passion for financial markets and to work in a dynamic team with broad business and technical expertise, collaborating directly with numerous business areas throughout the ECB as well as with Eurosystem national central banks and market participants. We provide a wide variety of training courses to support your further professional development. 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 economics, econometrics, statistics, mathematics, finance, accounting, business administration, computer science, physics or another relevant field (click here for details on degree equivalences);
  • a good understanding of financial market functioning, financial market developments, or market operations; 
  • a good knowledge of the Eurosystem’s monetary policy implementation framework; 
  • experience with one or more of the following programming languages and applications: VBA, SQL, R, Stata, Python, or Tableau; as well as good knowledge of the MS Office package including advanced knowledge of MS Excel;
  • 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 master’s degree in finance, economics, econometrics, mathematics, statistics, accounting, computer science or a related discipline;
  • a proven ability to collect, organise and analyse large sets of data using Excel, Access, SQL, Python, R, Stata, MATLAB or similar tools for data analysis;
  • experience in data management, modelling, processing and automation;
  • experience with market information services (e.g. Bloomberg or Reuters).

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

Working modalities

To enable the Section to cover the European and part of the Asian and US trading sessions, you may be expected to work a shift system.

To enable the Section 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.
We are willing to discuss part-time arrangements.

Further information

The fixed-term contract will have a duration of 15 months.

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, Ad Visser, on +49 (0)69 1344 7744 between 13:00 and 14:00 CET on Tuesday, 28 September 2021 and between 13:00 and 14:00 CET on Tuesday, 5 October 2021.

Application and selection process

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

Find out how to apply for a position at the European Central Bank. Read more about joining us.