Senior Team Lead(s)/ Head of Mission(s) - On-site & Internal Model Inspections

Banking Supervision & Entities Oversight
On-site & Internal Model Inspections
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General Information

Who can apply? EU nationals

Salary H (bracket 2 - step 1) full time monthly net salary: €8,450 plus benefits, for further information see what we offer.

Role specialisation On-Site Inspection

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 17.04.2024

Your team

Since 2014 the ECB has been responsible for supervising significant financial institutions as part of the Single Supervisory Mechanism (SSM), the system of banking supervision in Europe comprising the ECB and 21 national supervisory authorities. 

First-line banking supervision under the SSM is composed of three main activities, which are organised under several directorates general at the ECB: 1) the vertical line, responsible for ongoing off-site supervision of portfolios of banks; 2) the horizontal line, which provides transversal assessments and benchmarks for the banking sector; and 3) on-site inspections and internal model investigations, which provide in-depth and focused assessments of specific risks or issues at individual banks. 

The third of these activities is covered by the Directorate General On-site and Internal Model Inspections. Our Directorate General is made up of approximately 300 members of staff dedicated to on-site SSM supervision. 

Our team performs on-site inspections (OSIs) and internal model investigations (IMIs), partly at banks’ premises. We coordinate the planning and execution of the on-site supervisory programme, develop and maintain comprehensive on-site methodologies for OSIs and IMIs, ensure harmonised on-site approaches for the SSM, and contribute to the identification of risks and supervisory priorities.

We are currently seeking applicants for Senior Team Leads/Head(s) of Mission positions in the Non-Financial Risk Inspections division. You will primarily be responsible for leading on-site missions which are the responsibility of the Directorate General in the areas of business model and profitability, with a focus on digital transformation. 

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 Team Lead/Head of Mission you will:

  • lead OSIs, or alternatively take part in OSIs as team member or as a deputy Head of Mission depending on the complexity of the mission; 
  • act as point of contact to ensure reports are consistent, high-quality and align with the applicable regulations and methodologies; 
  • review and draft policy-related, methodological, and operational documents to inform more junior colleagues about the application of supervision or oversight policy, methodology and standards;
  • lead and/or contribute to cross-functional project teams by delegating tasks, managing deadlines and deliverables, prioritising output and resource allocation, providing guidance, clarifying expectations and setting standards;
  • contribute in a structured way to knowledge-sharing and collaboration across the Directorate General on the topic of OSIs and ensure a sound cooperation with other directorates general at the ECB;
  • coach and mentor team members and individuals on a technical level, building current and future subject matter expertise and providing performance feedback. 

The positions offer you excellent opportunities to work as an on-site inspector. You will also develop your ability to get results, challenge senior managers of banks on complex issues related to the digital transformation of the business, engage with others in a collaborative and constructive manner, and anticipate stakeholders’ needs. 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 accounting, business administration, economics, finance, mathematics, physics 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’ relevant professional experience in the field of risk analysis and assessment at a supervisory authority and/or at a financial institution, auditing or consulting firm and/or central bank;
  • a minimum of seven years’ experience in leading OSIs and/or coordinating diverse multicultural teams;
  • sound understanding of the risks and implementation strategies related to banks’ business models, including current trends such as digital transformation and climate and nature-related risk; 
  • sound understanding of European prudential regulations; 
  • communication and presentation skills gained in a multicultural environment, and the ability to engage with a range of internal and external stakeholders, including senior management and staff; 
  • 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.

  • experience in banking supervision in the context of the SSM;
  • experience in on-site inspection of emerging risks (for example, climate and nature-related risk, new technologies such as AI and distributed ledger technology, process optimisation and techniques for their assessment);
  • experience in handling and analysing large data sets. 

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 skilled at encouraging people to develop their abilities and are able to build up high-performing teams.

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. 

Working modalities

Working for European banking supervision involves spending extended periods of time in banks for OSIs. Hybrid approaches including time spent on-site in banks and remotely are fully embedded in our on-site supervisory culture. This important part of our work is complemented by an environment in which well-being and a good work-life balance are fostered. Playing a role in European banking supervision also entails collaborating in multinational and multicultural teams and operating in the context of different national frameworks, for which a strong ability to use different EU languages for business purposes is an asset.

We would be happy to discuss a part-time arrangement for this role.

Further information

The formal title for this position will be Senior Team Lead.

From the two positions in scope of this campaign, we would like to fill one on a permanent basis, the other position is available until September 2026.

One of the contracts will therefore be convertible into a permanent contract after three years subject to individual performance and organisational needs.  The temporary appointment may be extended or made permanent subject to organisational needs and budgetary constraints. This may result in a staff member with a non-convertible fixed-term contract being offered a convertible contract in accordance with the ECB Conditions of Employment.

For additional information on this specific vacancy, you can speak to the chair of the selection committee, Michiel le Comte, +49 160 91748439 on 5 April 2024 between 11:00 -13:00 hrs or on 12 April 2024 between 11:00 – 13:00 hrs.

Application and selection process

The recruitment process for this position will be conducted remotely. It may include an interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase – a written exercise, a presentation and interviews.

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. 

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