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
Credit Risk Analysis and Due Diligence
Working time
Full time
On-call?
Yes
Place of work
Frankfurt am Main, Germany
Closing date
03.09.2021
Your team
You will be part of the Risk Analysis Division in the Directorate Risk Management. The Directorate Risk Management is responsible for proposing policies and procedures that ensure an appropriate level of protection against financial risks for the Eurosystem in the conduct of monetary policy operations, and the ECB in the conduct of investment or reserve management operations. We are currently reviewing if and how climate change-related considerations should be integrated into our risk management framework.
In your role as Financial Risk Expert, you will be part of a Division of 30 members of staff responsible for measuring, assessing and reporting on financial risk exposures steaming from the Eurosystem balance sheet. In this, we work closely with several other business areas within the ECB and with our colleagues in the national central banks (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 age, disability, ethnicity, gender, gender identity, race, religious beliefs, sexual orientation or other characteristics.
Your role
As a Senior Financial Risk Expert you will:
- conduct credit risk analyses in the context of the ECB’s asset purchase programmes, with a special focus on the corporate sector purchase programme (CSPP);
- contribute on an ongoing basis to the due diligence process for the CSPP;
- perform risk control tasks for monetary policy and investment exposures, including conducting issuer eligibility assessments; monitoring exposure limits and the quality of prices used for valuation, and developing and maintaining risk control frameworks and infrastructure;
The position offers you an excellent opportunity to get involved in the implementation of one of the key policy tools of the ECB and to join the discussions on whether and how to complement the asset purchase programmes with climate change-related considerations from a risk management perspective. 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 in finance, economics or another relevant field (click here for details on degree equivalences);
- in addition to the above, a minimum of seven years of work experience (other than as intern or trainee) in financial risk management and/or market operations; of which a minimum of two years of professional experience (other than as intern or trainee) in the field of credit assessment of corporate bond portfolios including due diligence and/or climate change-related considerations;
- sound experience in the following three fields: (i) modelling and analysing financial risks, (ii) developing, maintaining and implementing risk-control frameworks for monetary policy portfolios or investment portfolios, (iii) integrating climate-change risk into risk management frameworks;
- an in-depth knowledge of financial instruments, in particular corporate bonds;
- extensive experience in drafting reports, briefings, analytical notes or policy proposals;
- IT programming skills (either MATLAB or Python) and data languages (e.g. SQL);
- a proven experience in applying quantitative methods and tools of relevance to the analysis of corporate bond portfolios (e.g. econometric analysis);
- 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:
- three years of experience in a central bank, supervisory authority or similar public institution;
Behavioural competencies:
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
To enable the team 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, Thomas Werner, on +49 (0)69 1344 8707 between 11:00 and 12:00 on Tuesday, 17 August or between 11:00 and 12:00 on Wednesday, 18 August.
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 includes a written exercise, a presentation and interviews.
