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
F/G (bracket 1 - step 1) full time monthly net salary: €5,743 plus benefits, for further information see
what we offer.
Role specialisation
Market Ops Policy & Implementation
Working time
Full time
Shift?
Yes
Place of work
Frankfurt am Main, Germany
Closing date
04.05.2021
Your team
You will be part of the Financial Operations Services Division in the Directorate General Market Operations. Our Directorate General ensures the operational implementation of the ECB’s monetary policy and the sound management of its financial assets by providing state-of-the-art frameworks and high-quality market intelligence. This position in the highly stimulating environment offered by Market Operations is an exciting opportunity for a dynamic professional who wishes to actively contribute to the development of the euro area and to achieve further personal growth.
The Division performs a wide range of settlement, payment and post-trade activities related to the ECB’s operations. Other responsibilities include developing strategic and project dossiers and contributing to European System of Central Banks (ESCB) or Eurosystem task forces, working groups and committees with a view to enhancing settlement and post-trade processes and procedures.
In your role as Market Operations Expert, 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 management and own funds management operations;
- coordinating and enhancing the Eurosystem reserve management services (ERMS);
- acting as fiscal agent (correspondent bank) for the lending 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 Expert in our Back Office Settlement Team you will:
- perform the timely and impeccable settlement of the ECB’s market operations, including payment operations and other post-trade tasks;
- help to enhance processes and procedures in line with regulatory and market developments considering technological innovation and managing related risks;
- provide notes, reports and procedures relating to back office operations and associated risks, financial market regulatory initiatives and requirements, and contribute to strategic dossiers as assigned by management;
- participate in IT projects to leverage technological developments and optimise back office processes;
- engage with colleagues from other ECB business areas (legal, IT, financial reporting, etc.) and back offices of counterparties, national central banks and other external counterparts.
The position offers you excellent opportunities to be involved in the implementation of monetary policy operations in a highly motivated environment. 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 master’s degree or equivalent in finance, economics or another relevant field, or a bachelor’s degree in one of these fields plus four years’ relevant experience (click here for details on degree equivalences);
- a sound knowledge of financial markets and instruments;
- a minimum of three years’ professional experience in settlement and post-trade activities, including working with SWIFT messages;
- an ability to analyse complex issues, solve problems, deliver results and interact with external counterparties;
- experience in drafting policy notes, preparing briefings and presenting findings and arguments in non-technical terms;
- an excellent knowledge of the standard MS Office suite, in particular Word, Excel and PowerPoint, 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:
- knowledge of a treasury management system (ideally Wallstreet Suite or Openlink Findur) and SWIFT Alliance;
- professional experience in defining requirements, designing new workflows, end-user testing and reviewing design documents for settlement and other post-trade tasks;
- a working knowledge of programming languages such as VBA or SQL.
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 European and part of the Asian and US trading sessions, you will be expected to work a shift system.
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.
We are willing to discuss part-time arrangements.
Further information
The formal title for this position will be Market Operations Expert.
Some of the contracts will be convertible into permanent contracts after three years subject to individual performance and organisational needs. 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 16:00 and 17:00 on Tuesday, 20 April and Tuesday, 27 April.
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 online written exercise, a presentation and interviews.
