General Information
Type of contract
Fixed-term contract, which may be extended subject to individual performance and organisational needs
Contract end date
31.12.2025
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
On-call?
Yes
Shift?
Yes
Place of work
Frankfurt am Main, Germany
Closing date
18.08.2024
Your team
You will be part of the Financial Operations Services Division in the Directorate General Market Operations. In this Directorate General 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 monitor and analyse the market developments which are relevant for the conduct of market operations.
The Financial Operations Services Division performs a wide range of settlement, payment and post-trade activities related to the ECB’s financial operations and acts as fiscal and paying agent for EU/euro area institutions. Other responsibilities include working on strategic developments and projects and contributing to European System of Central Banks (ESCB) and Eurosystem task forces, working groups’ and committees’ dossiers, with a view to enhancing settlement and post-trade processes and procedures.
In your role as Market Operations Analyst you will be part of a team of 20-25 members of staff responsible for:
- performing the back-office and post-trade activities for the outright operations in euro executed by the ECB, the ECB’s foreign reserves and ERM II operations, and coordinating Eurosystem/ESCB post-trade and back-office activities;
- managing contracts and legal documentation with the ECB’s counterparties and financial intermediaries for foreign exchange, foreign reserve and own funds management operations;
- coordinating and enhancing the Eurosystem Reserve Management Services (ERMS);
- acting as fiscal and paying agent (correspondent bank) for the lending and issuance activities of EU/euro area institutions.
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 be part of the Reconciliation, Legal Documentation and Data team and you will:
- execute the Nostro reconciliation procedures for the ECB’s monetary policy and investment portfolio;
- develop and manage scripts to automate processes, databases and data and contribute to the preparation of reports, tables and presentations for the Directorate General’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 regarding anti-money laundering (AML), and know your customer (KYC), etc.;
- assist, from a user’s perspective, in the development of relevant IT applications and contribute to improving processes related to the treasury management system among others, including developing relevant test material and executing the test scenarios as relevant;
- prepare surveys and consolidate, analyse, visualise and present survey results to different fora;
- pay attention to detail and deliver high-quality results within tight deadlines.
You may also be required to contribute to the work of individual ECB or Eurosystem committees or working groups, as well as external market contact groups.
The position offers you excellent opportunities to be involved in 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 or equivalent in finance, economics, law, business administration or another relevant field,(see How you can join us for details on degree equivalences);
- in addition to the above, 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, in particular fixed income and related derivatives;
- experience in working with the MS Office package and document management systems 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. Tradeweb, Wallstreet Suite) 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;
- an understanding of structured finance (e.g. asset-backed securities) and forex instruments.
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 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
The contract offered will be fixed-term, the appointment being until 31 December 2025.
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 Mondays up until the closing date for applications.
Application and selection process
The recruitment process for this position will be conducted remotely. It will include a written exercise, a presentation, and interviews.
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.
