General Information
Type of contract
Fixed-term contract, which may be extended subject to individual performance and organisational needs
Contract end date
31.12.2022
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
27.05.2021
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 management of its financial assets, providing state-of-the-art frameworks and high-quality market intelligence.
In your role as Market Operations Expert you will be part of a Section of 15 staff members analysing and reporting on developments in international bond and foreign exchange markets, coordinating the management of the ECB’s foreign reserves and conducting foreign exchange interventions. In this, we work closely with several other business areas within the ECB and with our colleagues in the national central banks. 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 a Market Operations Expert you will:
- be actively involved in the portfolio management activities of the Section, i.e. making proposals for the periodic tactical asset allocation of the ECB’s foreign reserves and coordinating their decentralised management;
- monitor, analyse and report on developments in global markets (major fixed income markets as well as exchange rate, equities and commodities markets);
- 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 national central banks.
The position offers you excellent opportunities to get involved in the management of the ECB’s financial assets. 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 economics, finance, science, business administration or a related discipline (click here for details on degree equivalences);
- in addition to the above, a minimum of three years of professional experience (other than as intern or trainee) in the field of fixed income portfolio management;
- a minimum of three years of professional experience (other than as intern or trainee) in analysing financial markets;
- a proven ability to draft policy notes and regular briefings on financial market developments and deliver presentations on complex issues in a clear manner;
- 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 move things forward independently, adapt and prioritise according to changing needs, pay attention to detail and deliver high-quality results within tight deadlines;
- 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:
- 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;
- experience in trading of fixed-income products;
- a track record 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 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 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.
This limited position is available from 1 September 2021 to 31 December 2022.
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 Head of the International Markets Section, Conception Alonso, on +49 (0)69 1344 3754 between 11:00 and 12:30 on Monday, 17 May.
Application and selection process
For further information on how to join us,
read more.
The recruitment process for this position will be conducted remotely. It includes a written exercise, a presentation and an interview.
