General Information
Type of contract
Fixed-term contract, which may be extended subject to individual performance and organisational needs
Who can apply?
EU nationals
Salary
F/G (bracket 2 - step 1) full time monthly net salary: €6,032 plus benefits, for further information see
what we offer.
Role specialisation
Market Ops Policy & Implementation
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
12.09.2024
Your team
You will be part of the Market Operations Analysis Division in the Directorate General Market Operations. Our Directorate General has around 200 staff members who prepare and execute monetary policy and foreign exchange operations, manage the ECB’s foreign reserves, as well as monitor and analyse market developments. The Division is responsible for monitoring, analysing, and assessing the performance of the Eurosystem’s monetary policy implementation framework and developments in the Eurosystem’s balance sheet. We also analyse structural developments of the euro area financial markets that are relevant for monetary policy implementation. In particular, we develop, maintain and assess the frameworks for counterparty, collateral, emergency liquidity assistance, net financial asset and domestic asset and liability management, as well as oversee the related inputs from the national central banks and assess the relevant requests and developments.
In your role as Senior Economist in the Market Operations Framework Section in the Market Operations Analysis Division, you will be part of a team of around 15 members of staff. This Section is primarily responsible for monitoring, analysing and assessing the performance of the Eurosystem’s monetary policy framework from an operational point of view. You will contribute to fulfilling the Section’s tasks, working closely alongside colleagues from the ECB as well as from the national central banks, while also interacting with market participants.
Since we work very closely with other divisions in our Directorate General on account of the cross-market nature of the frameworks, this role could also apply to similar vacant positions within the Directorate General Market Operations.
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 Senior Economist, you will:
- contribute to maintaining and developing the ECB’s operational framework and propose recommendations for its enhancement;
- coordinate, contribute to, and present key policy dossiers, analyses and reports, in both internal and external meetings alongside colleagues from the ECB and the Eurosystem, as well as other external counterparties/stakeholders;
- engage and collaborate with colleagues within the Directorate General Market Operations, from other ECB business areas and from the national central banks when preparing complex dossiers related to the implementation of monetary policy and the relevant functioning of market infrastructures and financial markets; and
- foster close and trustful cooperation within the Section, Division, and across the Directorate General as a whole.
The position offers you excellent opportunities to be involved in the implementation of monetary policy operations and in providing important input and technical contributions to implement the changes to the ECB’s operational framework decided by the Governing Council in March 2024 and to assess the key parameters of the operational framework for its review in 2026. 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 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 seven years’ professional experience in central banking, of which at least five years of relevant experience in the field of market operations and/or monetary policy implementation, financial markets, and risk management;
- a good knowledge of the key features of the ECB’s operational framework for the implementation of monetary policy and the willingness and ability to develop your expertise in this area, as well as a sound understanding of the functioning of financial markets and money market instruments;
- sound experience in preparing, drafting and presenting clear and concise policy or analytical notes, dossiers and reports;
- proven skills in analysing, summarising and interpreting large data sets of quantitative and qualitative financial information;
- 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.
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.
We would be happy to discuss a part-time arrangement for this role.
Further information
The contract offered will be fixed-term, the appointment being until 31 December 2025 as of the exact starting date of the selected person.
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, Angelika Lagerblom, on +49 (0)69 1344 8854 between 11:00 and 12:00 on Mondays and Wednesdays up until the closing date for the application.
Application and selection process
The recruitment process for this position will be conducted remotely. It will include a written exercise, a presentation and an interview.
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.
