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: €6,032 plus benefits, for further information see
what we offer.
Role specialisation
Finance and Procurement
Working time
Full time
Shift?
Yes
Place of work
Frankfurt am Main, Germany
Closing date
05.02.2021
Your team
You will be part of the Financial Reporting Division in the Directorate Finance. Our Directorate has 110 members of staff and is responsible for financial accounting and reporting, while also carrying out planning and controlling activities, as well as providing cost accounting, procurement and supervisory fee services. Our current focus is on transforming the finance function while maintaining excellence in our daily operations. We use analytical and data visualisation means to support data-driven decisions by thoroughly analysing the information obtained from multiple sources. In this way we actively contribute to the Directorate’s work in producing advanced management information.
In your role as Senior Finance Expert you will be part of a team of 28 members of staff responsible for preparing the financial statements and reports of the ECB and the Eurosystem, accounting for the ECB’s financial instruments, and calculating and clearing the Eurosystem national central banks’ (NCBs) monetary income. We produce analytics and forecasts for the decision-making bodies concerning the ECB’s financial situation and results, as well as the Eurosystem’s monetary income. Our team develops and implements standards and policies for the ECB and the Eurosystem in the areas of accounting, financial reporting and monetary income allocation. We work closely with several of the ECB’s business areas, including the Directorate General Market Operations, the Directorate Risk Management and the Directorate General Monetary Policy, as well as with NCBs.
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 your gender, gender identity, ethnicity, sexual orientation, age, religion, disability or other characteristics.
Your role
As a Senior Finance Expert, you will:
- prepare regular and ad hoc financial reports for both the ECB and the Eurosystem (such as the ECB’s quarterly financial results and forecasts, the ECB’s annual accounts, the Eurosystem’s weekly financial statement), analyse financial statements, and perform the Eurosystem NCBs’ monetary income calculations, analysis and forecasting;
- draft financial reporting policy papers, based on a range of methodological approaches and accounting standards, and you will provide analysis on the ECB’s and the Eurosystem’s financial situation using analytics, modelling and financial data visualisation;
- prepare related ad hoc briefing notes and presentations for ECB management and business areas, as well as ECB/Eurosystem decision-making bodies;
- assess the financial impact of various financial operations and implement, from a financial accounting and reporting perspective, any policy decision taken by the ECB and the Eurosystem with regard to monetary policy, foreign exchange and investment portfolios;
- closely interact, cooperate and share knowledge with other ECB business areas and Eurosystem NCBs on complex dossiers, and prepare quantitative and qualitative assessments on financial accounting and reporting topics in order to support the decision-making process;
- contribute to the Directorate Finance’s digitalisation, automation and innovation initiatives and to the development and implementation of financial accounting and reporting policies for the ECB and the Eurosystem.
The position offers you an excellent opportunity to achieve a comprehensive understanding of the finance function of a central bank by gaining a deep insight into all aspects of financial reporting and related policy matters. It will also enable you to support policymaking and contribute to the credibility of the ECB and the Eurosystem. 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 accounting, finance, business administration, economics or another relevant field (click here for details on degree equivalences);
- in addition to the above, a minimum of seven years’ relevant experience in the field of financial accounting, reporting and policy in a central bank or financial institution;
- a sound understanding of Eurosystem financial accounting and reporting rules, knowledge of financial instruments and thorough familiarity with international accounting and reporting standards (IFRS);
- extensive experience in financial statement analysis;
- experience in preparing high-quality policy documents and briefings, using good policy judgement to address a wide variety of stakeholders including high-level decision-making bodies, combined with competent presentation skills and an ability to communicate complex analytical findings effectively using non-technical terms;
- a proven track record in extracting, analysing, modelling and visualising financial data in support of decision-making, and hands-on experience in developing and implementing financial forecasting models and dashboards, based on advanced knowledge of Microsoft Office tools, financial reporting applications and/or treasury management systems;
- 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:
- an understanding of the Eurosystem’s monetary income framework;
- knowledge of financial risks and financial resilience;
- experience in participating in and presenting to international fora, e.g. ESCB/Eurosystem committees and working groups.
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 aware of your strengths and areas for development and know what motivates you to perform at your highest level.
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 are willing to discuss part-time arrangements.
Further information
For additional information on this specific vacancy, you can speak to the hiring manager, Konstantinos Apostolou, on +49 (0)69 13446432 between 14:00 and 17:00 on Friday, 22 January.
Application and selection process
For further information on how to join us,
read more.
The recruitment process for this position will include a written exercise, a presentation and interviews.
