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
31.07.2023
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: €8,039 plus benefits, for further information see
what we offer.
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
20.09.2022
Your team
You will be part of the Stress Test Experts Division (STE) in the Directorate General Horizontal Line Supervision. Our Division has around 40 staff providing scenario-based and sensitivity stress test analysis to the Joint Supervisory Teams (JSTs), coordinating and implementing the ECB’s contribution to the European Banking Authority (EBA) EU-wide stress tests, and running the ECB’s regular annual stress tests as well as its biennial thematic stress tests. We are currently preparing for the EU-wide stress tests to be conducted in the first half of 2023.
We are seeking applicants to fill positions in:
- the Horizontal Quality Assurance team;
- the Data Analysis and Infrastructure team.
The Horizontal Quality Assurance team is responsible for conducting supervisory quality assurance on the banks’ bottom-up projections by means of peer benchmarking, assessments of compliance with the EBA’s stress-testing methodology and transversal analyses to identify and report key drivers of the stress test results and support stress test quality assurance from a holistic perspective.
The Data Analysis and Infrastructure team is responsible for the smooth operation of the ECB’s stress test IT infrastructure during the 2023 EU-wide stress test. We work closely with all the main stakeholders involved in the stress test exercise, including the JSTs and risk experts, and with our counterparts in the ECB’s Directorate General Information Systems (DG/IS) and Directorate General Macroprudential Policy and Financial Stability (DG/MF).
The Single Supervisory Mechanism (SSM) is the system of banking supervision in Europe. It comprises the ECB and the national supervisory authorities of the participating countries.
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 Supervisor in the Horizontal Quality Assurance team you will:
- review the data quality, methodological compliance and adequate conservativeness of banks’ submissions in a specific risk area (e.g. credit risk, market risk, operational risk);
- develop and refine quality assurance methods based on peer benchmarking, for example, and identify key drivers of stress test results and vulnerabilities both for individual banks and horizontally.
As a Senior Supervisor in the Data Analysis and Infrastructure team you will:
- coordinate the interaction between DG/IS and stress test risk experts in updating the ECB’s stress test IT infrastructure;
- manage new requests from stress test risk teams for changes to the ECB’s stress test IT infrastructure;
- establish and foster the relationship between the stress test risk teams and DG/IS counterparts;
- engage and collaborate with the EBA teams to ensure continuous alignment on data quality checks for the 2023 EU-wide stress tests;
- contribute to the testing of new functionalities to be implemented in the ECB’s stress test IT infrastructure.
In either role you will:
- provide input and prepare materials to support decision-making processes;
- represent the Division in internal and external meetings;
- form part of a strong team of experts.
The positions offer you unique opportunities to contribute to financial stability within Europe and to learn from some of the leading experts in the field of system-wide stress testing and microprudential policy impact assessment.
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, finance, business administration, accountancy, statistics, econometrics, mathematics, physics, engineering or another relevant field (see How you can join us for details on degree equivalences);
- seven or more years of professional experience in stress test data analysis, gained at a regulatory authority, supervisory/competent authority, financial institution, international organisation or top-tier consultancy firm;
- two or more years of experience in the development, implementation or validation of stress-testing models;
- sound knowledge of relevant accounting frameworks (e.g. IFRS 9) and regulations (e.g. the Capital Requirements Regulation);
- a thorough knowledge of stress-testing methodologies;
- 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:
- professional experience in the quality assurance of banks’ bottom-up stress test calculations, peer benchmarking, horizontal data analysis, data processing and the preparation of reports using databases;
- sound programming skills in Python, R, MATLAB, SQL or SAS;
- advanced knowledge of Tableau.
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.
You are aware of your strengths and areas for development and know what motivates you to perform at your highest level.
Working modalities
We would be happy to discuss a part-time arrangement for this role.
On-site presence in the ECB’s Frankfurt headquarters may be required for selected weeks during certain key phases of the project.
Further information
The contract(s) offered will be short-term ESCB/IO, the appointment being for six to eight 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 speak to the hiring manager, Christoffer Kok, on +49 173 254 7734 between 14:00 and 16:00 on Monday, 5 September and Friday, 9 September 2022.
Application and selection process
The recruitment process for this position will be conducted remotely. It will include 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.
