Market Operations Expert - for climate change-related work

Analysis and Policy Advice
Market Operations
You can no longer apply

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: €5,438 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 05.05.2021

Your team

You will be part of the Bond Markets and International Operations Division in the Directorate General Market Operations. Our Directorate General is responsible for the effective implementation of the ECB’s monetary policy and the management of its financial assets by providing state-of-the-art frameworks and high-quality market intelligence. We are currently preparing for the disclosure of climate change-related data for our non-monetary policy portfolios and reviewing if and how climate change-related considerations may be integrated into our monetary policy framework.

In your role as Market Operations Expert, you will be part of a Section of 25 staff members responsible for the implementation of the ECB’s asset purchase programmes and their coordination across the Eurosystem as well as for monitoring, reporting and analysing developments in the euro area bond markets. In this, we work closely with several other business areas within the ECB and with our colleagues in the national central banks (NCBs). We also interact regularly with a wide range of counterparties.

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 Market Operations Expert you will:
  • participate in the implementation of the ECB’s asset purchase programmes; 
  • contribute to the work of the Task Force on Sustainable and Responsible Investments;
  • monitor, analyse and report on relevant euro area bond market developments;
  • contribute to policy dossiers on subjects that fall within the responsibility of the Section;
  • engage and collaborate with colleagues in other business areas and in the NCBs.
The position offers you excellent opportunities to get involved in the implementation of one of the key policy tools of the ECB and to join the discussions on whether and how to complement the asset purchase programmes with climate change-related considerations. 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 master’s degree or equivalent in economics, finance, science, business administration or a related discipline (click here for details on degree equivalences);
  • a minimum of one year of professional experience in the field of sustainable and responsible investments as well as an excellent policy sensitivity and judgement; 
  • a minimum of two years of professional experience in analysing financial markets;
  • a proven track record in fixed income portfolio management including the execution of transactions or the implementation of asset purchase programmes;
  • a sound knowledge of (i) MS Office (e.g. Word, Excel, PowerPoint), (ii) market information systems (e.g. Bloomberg, Reuters) and (iii) portfolio management systems (e.g. Tradeweb, Wallstreet Suite);
  • a proven ability to (i) collaborate within and across teams, (ii) communicate complex issues in a clear manner, (iii) move things forward independently, (iv) adapt and prioritise according to changing needs, (v) pay attention to detail and (vi) deliver high-quality results within tight deadlines;
  • a proven ability to draft policy notes and regular briefings on financial market developments;
  • 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 formal qualification in financial analysis and markets, such as the CFA charter or the ICMA International Fixed Income and Derivatives Certificate/Diploma in Securities and Derivatives;
  • a proven experience in applying quantitative methods and tools of relevance to investment activities (e.g. portfolio optimisation or econometric analysis). 
You engage collaboratively with others. You pursue team goals and learn willingly from other people’s diverse perspectives. You signal need for change by explaining it and proposing alternative solutions. You analyse complex information effectively and 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 use 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 will be expected to occasionally work in a shift system.
To enable the Section to maintain its business continuity capability, you will be expected to occasionally 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.
The contract will be convertible into a permanent contract after three years subject to individual performance and organisational needs. 

For additional information on this specific vacancy, you can speak to the Head of the Euro Area Bond Market Section, Ralph Weidenfeller, on +49 (0)69 1344 3727 between 11:00 and 12:30 on Tuesday, 27 April 2021.

Application and selection process

For further information on how to join us, read more
The recruitment process for this position will be conducted remotely and includes a written exercise, a presentation and an interview.