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 2 - step 1) full time monthly net salary: €6,370 plus benefits, for further information see
what we offer.
Role specialisation
Economics and Monetary Policy
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
16.07.2023
Your team
You will be part of the Prices and Costs Division in the Directorate General Economics. Our division monitors, analyses and assesses inflationary pressures in the euro area. The Division provides input for internal decision-making processes and external communications on the inflation outlook and the potential risks, including those deriving from cyclical and structural analysis, the external and domestic environment, wage and profit developments and projected expectations. We work closely with briefing and forecast coordination units and with colleagues in other divisions on analysing and forecasting the different dimensions of the euro area economy. In light of the ongoing high inflationary pressures, we are currently working on decomposing supply and demand driven inflation, measuring wage and energy sensitive prices, interpreting underlying inflation dynamics and estimating wage and price Phillips curves.
In your role as Senior Economist, you will be part of a team of around 20 experts in forecasting, modelling and assessing inflationary pressures and will work closely with colleagues from across the ECB’s business areas, from national central banks across the Eurosystem and their policy institutions and from the academic community.
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 Senior Economist you will:
- coordinate and contribute to documents, presentations and briefing material for members of the Executive Board, the Governing Council and senior management of the ECB;
- manage analytical and research projects on inflation and its determinants;
- oversee and improve models of inflation based on macro and micro data for forecasting and analysis;
- build relationships with colleagues from other divisions and business areas of the ECB, from national central banks, from other international institutions and from academia;
- guide and contribute to the official publications of the ECB, such as the Economic Bulletin, as well as other publications, presentations and speeches.
We are seeking candidates for this role who demonstrate the potential for growth, and we will support the selected candidate in their future development of the required knowledge, skills or competencies.
We value a track record of diverse relevant experience gained through internal or external mobility and/or positions held prior to working at the ECB.
The position offers you excellent opportunities to gain exposure to a large range of issues related to inflation, in terms of both subject matter and policy implications. It will enable you to use your economic and econometric modelling skills and acquire new ones. 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 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’ relevant professional experience at the same level as the position to be filled (or the equivalent of a relevant PhD plus three years’ professional experience) in the field of economics, inflation or statistical and econometric techniques;
- a track record in preparing analysis or peer-reviewed publications using applied microeconomics or macroeconomics related to inflation;
- very good writing skills and the ability to draft well-structured notes to strict 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 PhD and a research and publication record, preferably related to inflation or price setting.
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
We would be happy to discuss a part-time arrangement for this role.
Further information
For additional information on this specific vacancy, you can contact the hiring manager, Sarah Holton, by email at sarah.holton@ecb.europa.eu
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.
