Supervisor (ESCB/IO) - Credit Risk

Horizontal Line Supervision
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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 31.10.2022

Who can apply? EU nationals working for the international public sector organisation or EU organisations performing central banking or banking supervision tasks. Your current contract must extend at least 1 year beyond the end of the potential employment at the ECB

Salary F/G (1) (minimum full time monthly net salary €6243 and benefits, see further information section)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 23.07.2021

Your team

You will be part of Credit Risk Experts Division in the Directorate General Horizontal Line Supervision. Our Division has more than 25 staff, who provide expertise in the area of credit risk. We are currently working on implementing a coronavirus (COVID-19) credit risk strategy composed of dedicated and complimentary work blocks. The strategy aims to assess and address bank’s credit management practices in the light of the COVID-19 crisis. In the context of the pandemic, it is increasingly important for significant institutions to ensure that credit risk is adequately assessed, classified, measured and managed on their balance sheets. 

You will be part of a larger credit team of 15 staff members responsible for the implementation of targeted credit risk projects and initiatives to support Joint Supervisory Teams’ firm-specific supervision in relation to credit risk with a focus on vulnerable sector analysis. 

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 Supervisor you will:
  • help design and execute strategic horizontal SSM wide credit risk projects under the credit risk strategy; 
  • contribute analytically to credit risk projects as part of a diverse team of highly qualified professionals; 
  • contribute to the development and implementation of SSM credit risk related policies; 
  • prepare and deliver high quality and engaging presentations to senior management and Supervisory Board members;
  • work closely with other teams, e.g. the Joint Supervisory Teams and horizontal function staff, to provide expert credit risk support, technical advice and excellent stakeholder management. 

This position offers you the opportunity to work on targeted vulnerable sector credit risk topics and projects leveraging supervisory data and processes. 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 economics, finance or another relevant field (click here for details on degree equivalences);
  • four or more years of professional experience in the field of credit risk and risk management, gained at a regulatory authority, supervisory authority, financial institution, international organisation or top-tier consultancy firm;
  • sound knowledge of financial and credit risk management practices and procedures; 
  • sound knowledge of the regulatory framework on large exposures (i.e. Basel Framework, single rulebook); 
  • 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 working in credit risk both in the private and public sector including specific credit risk NPL restructuring and vulnerable sector experience would be considered an advantage;
  • sound analytical capabilities, e.g. experience in developing credit related analytical tools and analysis;
  • professional experience in designing, implementing and executing credit risk related projects;  
  • excellent communication and presentation skills; 
  • sound knowledge of prudential regulation (e.g. Basel Framework, requirements under the Capital Requirements Regulation and Directive), supervisory reporting frameworks (e.g. for common reporting and financial reporting) and accounting concepts (e.g. IFRS 9).

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.
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 involves spending short periods of time abroad for on-site visits or training. 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 period subject to potential extension based on available budget. 

For additional information on this specific vacancy, you can speak to the hiring manager, Sharon Finn, on +49 (0)69 1344 6046 between 12:00-13:00 on the 7 July 2021 

Application and selection process

For further information on how to join us, read more.

The recruitment process for this position will be conducted remotely. It will include interviews.