General Information
Type of contract
Short-term contract, which may be extended to up to 36 months subject to individual performance and organisational needs
Contract end date
30.04.2023
Who can apply?
EU nationals working for national central banks of the ESCB, international governmental organisations or other employers performing central banking or banking supervision tasks within the framework of the Eurosystem
Salary
F/G (bracket 1 - step 1) full time monthly net salary: €6,909 plus benefits, for further information see
what we offer.
Role specialisation
Infrastructure Oversight
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
30.05.2022
Your team
You will be part of the Payments Oversight Section in the Oversight Division of the Directorate General Market Infrastructure and Payments. Our Directorate General has 140 staff who work on ensuring that Europe’s financial markets can rely on safe and efficient market infrastructures, while embracing innovation and contributing to further European integration. Our responsibilities are threefold: we provide payment and securities settlement infrastructure under the TARGET Services brand; we work with the financial sector to promote innovation and the harmonisation of business practices across Europe; and we oversee market infrastructures and payments.
In your role as Oversight Expert, you will be part of the Payment Instruments, Schemes and Arrangements (PISA) team. The team of six members of staff is in charge of implementing and further developing the new PISA oversight framework and carries out the related oversight activities including the coordination at Eurosystem level. The PISA oversight team closely collaborates with a variety of stakeholders inside and outside the ECB, such as central banks, supervisors and overseen entities.
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 an Oversight Expert you will:
- conduct the oversight of individual payment schemes and arrangements that fall under the PISA oversight framework (examples are international card payment schemes or innovative arrangements like digital wallets that support end-users in making payments); conducting such oversight involves closely interacting with the respective entities, assessing the entities compliance with oversight requirements, support the handling of incidents as well as reporting on the oversight activities;
- work closely with Eurosystem joint oversight teams (JOTs) composed of representatives of national central banks in carrying out the oversight of individual payment schemes and arrangements;
- assess key developments and risks in the retail payments area from an oversight perspective;
- contribute to the implementation and further development of PISA oversight, including preparation of reports on PISA oversight activities as well as coordination and contribution to joint activities with payment service provider (PSP) supervisors;
- support the further development and revision of oversight policies and processes in the light of experience and an evolving ecosystem and risk/regulatory landscape;
- prepare, present and review various types of written contributions and presentations (often under tight timelines);
- organise and conduct meetings with overseen entities and the joint oversight teams, present dossiers, and engage in constructive discussions; and
- represent the ECB in a variety of internal and external fora, including in groups involving other central banks/authorities.
The position offers you excellent opportunities to lead dossiers in a highly relevant and dynamic field, embedded in a team of highly qualified staff. You will directly contribute to the ECB’s mandate of ensuring safety across European financial market infrastructures and payments and contribute to the ECB’s leadership in this field. You will also 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, business administration, information technology or another relevant field (click here for details on degree equivalences);
- in addition to the above, a minimum of three years’ experience in one or more of the following fields: oversight; supervision; policy or operations of financial market infrastructures, payment schemes or arrangements, financial institutions or related entities;
- strong understanding of the payments ecosystem and payments innovation;
- sound understanding of the financial system and its interdependencies;
- an advanced (C1) 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:
- proven experience in presenting complex dossiers to varying audiences, as well as solid experience in drafting different types of written contributions;
- proven experience in assessing compliance with oversight/supervisory/regulatory standards, expectations or requirements.
You engage collaboratively with others and have a strong curiosity for understanding new developments. 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 aims of this position.
Working modalities
We would be happy to discuss a part-time arrangement for this role.
Further information
The contract(s) offered will be short-term ESCB/IO, the appointment being for 12 months as of the exact starting date of the selected person, extendable to up to 36 months.
For additional information on this specific vacancy, you can speak to the Head of Section, Patrick Papsdorf, on +49 (0)69 1344 6516 during the publication period of the vacancy notice.
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.
