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
31.07.2022
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 2 - step 1) full time monthly net salary: €7,613 plus benefits, for further information see
what we offer.
Role specialisation
Financial Risk Modelling, Financial Risk Policy
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
19.05.2021
Your team
You will be part of the Risk Strategy Division in the Directorate Risk Management. Our Directorate has 56 staff and is responsible for proposing policies and procedures that ensure an appropriate level of protection against financial risks for (i) the ECB in the conduct of financial market (i.e. investment) operations, and (ii) the Eurosystem in the conduct of monetary policy operations.
In the Risk Strategy Division, we design and maintain risk management frameworks and policies for the Eurosystem’s monetary policy operations. We also analyse structural developments in financial markets and financial regulation, as well as climate change policy, to identify potential implications for the Eurosystem’s risk management frameworks.
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 Financial Risk Expert, you will:
- contribute to the preparation of risk management projects in the context of the Eurosystem’s credit operations and non-standard monetary policy measures related to, for example, eligibility requirements, valuation, haircuts and credit assessments;
- validate the pricing methodologies applied for Eurosystem collateral valuation, as well as work on pricing-related aspects in the context of the ECB’s asset purchase programmes;
- analyse structural developments in financial markets and financial regulation, as well as climate change policy, to identify potential implications for the Eurosystem’s risk management frameworks;
- contribute to the development and maintenance of models for quantifying credit, market, and liquidity risks, and ensure that these models reflect the latest academic developments and best market practices;
- represent the division at internal and external meetings, in working groups and networks.
The position offers you excellent opportunities to demonstrate and deepen your analytical skills and policy judgement, and your ability to apply these skills to risk management activities in the context of monetary policy operations. 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, mathematics or another relevant field (click here for details on degree equivalences);
- a minimum of seven years of professional experience in the field of financial risk management, monetary policy implementation or a closely related area;
- a sound theoretical background in financial markets, instruments and regulations;
- a proven track record of analytical and modelling experience;
- highly developed policy judgement;
- experience in drafting concise reports, briefings, analytical notes and policy proposals and strong presentation skills;
- sound knowledge of data management tools (e.g. SQL) and programming languages such as MATLAB or Python;
- 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:
- expertise in the area of climate change and its implications for financial risk management;
- experience in designing and implementing market and/or credit risk models.
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 use your skills and competencies to achieve the objectives of this position.
Working modalities
We are willing to discuss part-time arrangements
Further information
The contract offered will be short-term ESCB/IO, the appointment being for a minimum of 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 contact Vesela Ivanova (Vesela.ivanova@ecb.europa.eu), Deputy Head of the Risk Strategy Division, and arrange a phone conversation, if needed.
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 will include a written exercise and interviews.
