Senior Financial Risk Expert

Fin. Markets & Market Infrastructure Ops
Risk Management
You can no longer apply

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: €5,758 plus benefits, for further information see what we offer.

Role specialisation Credit Risk Analysis and Due Diligence

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 24.08.2022

Your team

You will be part of the Risk Strategy Division in the Directorate Risk Management. Our Directorate has 56 staff members and 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 for the ECB in the conduct of investment and reserve management operations. 

In your role as Senior Financial Risk Expert, you will be part of the Risk Strategy Division responsible for designing and maintaining 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 framework. 

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:
  • 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, valuations, haircuts and credit assessments;
  • conduct risk analysis in the context of the ECB’s credit operations, asset purchase programmes and operations providing EUR liquidity to foreign central banks, including assessments of the financial soundness of associated counterparties and credit risk analyses of structured finance instruments;
  • 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 and frameworks for quantifying credit, market, liquidity and climate change risks, and ensure that these models reflect the latest academic developments and best market practices;
  • engage and collaborate with Eurosystem staff at national central banks, Eurosystem committees and external stakeholders;
  • represent the Division in internal and external meetings, working groups and networks.
The position offers you excellent opportunities to get involved in the design and implementation of  Eurosystem monetary policy operations and take part in discussions on whether – and how – to complement the Eurosystem risk control framework with climate change considerations. 
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

  • a master’s degree or equivalent in finance, economics, mathematics 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’ work experience (other than as an intern or trainee) in financial risk management, monetary policy implementation or a closely related area;
  • proven professional experience in (i) modelling and analysing financial risks, including climate change considerations or (ii) developing, maintaining and implementing risk management frameworks for monetary policy operations;
  • strongly developed policy judgement;
  • extensive experience in drafting concise reports, analytical notes and policy proposals, and strong presentation skills;
  • IT programming skills (preferably MATLAB or Python) and a willingness to learn data languages (e.g. SQL);
  • 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 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.

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 speak to the hiring manager, Elke Heinle, on +49 (0)69 1344 8899 between 12:00 and 13:00 on Monday, 15 August 2022.

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.

Find out how to apply for a position at the ECB. 

Read more about joining us.