Student Research Assistant Traineeship Programme – Financial Research

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General Information

Type of contract Traineeship

Who can apply? EU nationals eligible for our traineeship programme

Grant The trainee grant is €1,170 per month plus an accommodation allowance (see further information section), The trainee grant is €2,120 per month plus an accommodation allowance (see further information section)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 05.01.2021

Your team

You will be part of the Financial Research Division in the Directorate General Research. This Division is responsible for conducting research on topics related to financial intermediation, financial stability, asset pricing, corporate finance and investments. To do so, it cooperates closely with various other directorates at the ECB.

In your role as Student Research Assistant Trainee, you will work closely with our economists to support the preparation of analysis for current policy decisions and longer-term research projects.

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 your gender, gender identity, ethnicity, sexual orientation, age, religion, disability or other characteristics.

Your role

As a Student Research Assistant Trainee in the Financial Research Division you will:
  • develop programs in statistical packages to construct and maintain cross-sectional, time-series and panel datasets;
  • perform econometric and statistical analysis intended for inclusion in academic journal papers, ECB publications and policy products;
  • present data in conjunction with basic economic and statistical analysis;
  • help to solve and estimate financial and macroeconomic models.

As a trainee in the Student Research Assistant Programme, you will support our economists in academic research projects and in work of an operational nature, such as the preparation of policy-related notes for the ECB’s Executive Board. This will enable you to develop your analytical skills and gain an insight into the ECB’s research activities and policymaking processes. You will have access to all internal seminars and conferences organised by the ECB and will be exposed to new ideas and stimuli that can provide a useful foundation for your future career and/or graduate studies. The programme will help you develop and pursue a PhD or a number of different opportunities at the ECB and other organisations. This position provides a great opportunity to explore whether graduate studies are the right step for you to take next. Many of the student research assistants leaving the Financial Research Division pursue a PhD, typically in economics or finance, on distinguished graduate programmes in the United States and Europe. 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

  • for a traineeship: a bachelor’s degree or higher in the field of economics, statistics, finance, computer science, mathematics or a related field;
  • for a PhD traineeship: a master’s degree and at least two years of PhD studies in the field of economics, statistics, finance, computer science, mathematics or a related field;
  • an excellent command of at least one of the following high-level programming languages: MATLAB, Stata, Python or R; 
  • a good knowledge of the MS Office package;
  • experience in at least one of the following areas: analysing macroeconomic or financial time-series data; compiling and analysing large microeconomic databases; solving and estimating financial and macroeconomic models;
  • 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.

  • for a traineeship: a master’s degree or at least one complete year towards a master’s degree in the field of economics, statistics, finance, computer science, mathematics or a related field;
  • a good understanding of relational databases and working in SQL.

You are curious and eager to learn, and want to further develop your ability to analyse complex information. You are keen to collaborate with others, pursue team goals and learn from other people’s diverse perspectives. You strive to know and anticipate stakeholder needs, and will signal any need for change and propose alternative solutions.

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. You are keen to be part of our team and to use your skills and competencies to achieve the objectives of this position.

Further information

Traineeship/PhD traineeship of between 6 and 12 months in total.

Application and selection process

Further information on how to join us is available on our website.

The recruitment process for this position will include an online interview via WebEx.