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
31.05.2022
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
E/F (bracket 1 - step 1) full time monthly net salary: €5,914 plus benefits, for further information see
what we offer.
Role specialisation
Internal Models, On-Site Inspection
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
30.05.2021
Your team
You will be part of the Directorate General On-Site and Internal Model Inspections. The Directorate General leads and participates in on-site activities, mainly at banks classified as significant institutions. It facilitates the planning and execution of the on-site supervisory programme. It develops and maintains comprehensive on-site methodologies for inspections, internal model investigations and asset quality reviews, ensures harmonised on-site approaches for the SSM and contributes to the identification of risks and supervisory priorities, ensuring the consistency of the assessment results across the SSM. The Directorate General is integrated with the ongoing supervision and horizontal activities, providing independent, consistent and complementary high-quality assessments.
In your role as Supervision Analyst, you will be part of one of the Directorate General’s three divisions covering specific types of risk for both on-site inspections and internal model investigations.
The Single Supervisory Mechanism 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 Supervision Analyst you will:
- participate in on-site inspections covering IT and operational risks, credit risk as well as other risk areas, and/or internal model investigations, carried out at significant institutions in a range of countries to assess key risk profiles or compliance of internal models;
- contribute to the ongoing monitoring of on-site inspections or internal model investigations throughout their life cycle and, on a macro level, to ensuring that the agreed standards and regulatory requirements are applied consistently across the SSM, including by checking the consistency of reports;
- analyse and review reports as well as contribute to the horizontal analysis and benchmarking of investigations and related projects and activities (e.g. benchmarking or validation of reporting requirements);
- support the development of supervisory standards and methodologies, as well as the drafting and presentation of policies and procedures, including dossiers for senior management, the ECB’s Supervisory Board and decision-making bodies, and (international) working groups;
- contribute to the development, maintenance and enhancement of on-site inspections or model-related information collection (e.g. databases) and perform data analysis;
- support on-site inspections or internal model investigations on various organisational aspects, e.g. process tracking and reporting.
This position offers you excellent opportunities to work as an on-site inspector, analyse topical issues relating to prudential supervision, gain insight into the practices of major credit institutions and discuss the results of your analysis both internally and with the supervised institution. You will also strengthen your project management skills, dealing with key supervisory processes in a multi-stakeholder environment, and will have the opportunity to further develop your ability to think analytically and challenge constructively, with a focus on results, teamwork, cooperation and communication.
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 bachelor’s degree or equivalent in economics, finance, business administration, mathematical engineering, mathematics, computer science, econometrics, statistics or another relevant field (click here for details on degree equivalences);
- in addition to the above, a minimum of two and ideally three or more years’ experience in the field of banking supervision;
- proven experience in preparing and giving structured and convincing presentations on project proposals, results or key messages of a technical or operational nature to the relevant stakeholders;
- knowledge of the SSM and banking regulation (e.g. the Capital Requirements Regulation, Capital Requirements Directive IV, regulatory and implementing technical standards, European Banking Authority guidelines, the Basel Committee on Banking Supervision's standard principles, and European and international standards);
- broad knowledge of bank risks and profiles, especially in relation to governance and risk management, IT and operational risk, market or credit risk, or the internal models’ landscape;
- 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:
- good knowledge of international IT-related standards, principles and recognised best practices;
- good knowledge of data analysis and visualisation tools, e.g. advanced Excel VBA and/or SAS, relational databases and SQL, Python, R, Orange, Tableau;
- professional experience in auditing and/or inspections methodologies and techniques;
- relevant experience in project management.
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 objectives of this position.
Working modalities
Working for European banking supervision in the Directorate General On-Site and Internal Model Inspections involves spending short periods of time abroad for training. Participating in on-site inspections or on-site internal model investigations may require longer periods of travel abroad. 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 are willing to discuss part-time arrangements
Further information
The contract(s) offered will be short-term ESCB/IO, the appointment being for 12 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 Camille Braun, on +49 (0)69 1344 9232 between 13:00 and 14:00 on Friday, 14 May and Andreas Tittel, on +49 (0)69 1344 4296 between 13:00 and 14:00 on Friday, 14 May.
Application and selection process
For further information on how to join us,
read more.The recruitment process for this position may include a pre-recorded video interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase –interview, including a presentation.
