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
31.12.2022
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
F/G (bracket 1 - step 1) full time monthly net salary: €7,296 plus benefits, for further information see
what we offer.
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
08.03.2022
Your team
The Directorate General Universal and Diversified Institutions and the Directorate General Specialised Institutions and LSIs, which are responsible for the direct supervision of significant institutions and the vertical oversight of national competent authorities (NCAs), are seeking applicants for several Supervisor positions.
In your role as Supervisor, you will perform tasks related to the risk-based supervision of significant institutions (in line with the annual supervisory programme) and the monitoring of all supervised institutions with relevant regulations as well as decisions, recommendations and other supervisory measures of the ECB’s Supervisory Board and Governing Council. You will also work on overseeing the supervision of less significant institutions (LSIs) by NCAs.
Depending on the Directorate General to which you are assigned, you will interact with stakeholders, such as investment firms, universal banks, diversified lenders, and specialised and less significant institutions, and collaborate with NCAs within the Single Supervisory Mechanism (SSM) and the supervisory authorities of EU Member States not participating in the SSM.
The SSM is the system of banking supervision in Europe. It comprises the ECB and the NCAs 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:
- conduct day-to-day banking supervision tasks in Joint Supervisory Teams (JSTs) composed of staff from both the ECB and NCAs;
- assess risks to the business models, governance, capital and liquidity of supervised entities based on available quantitative and qualitative information and on-site and off-site investigations;
- identify and propose supervisory measures to be taken by the ECB;
- prepare draft decisions, notes, reports and presentations on specific risk-related issues;
- assess the compliance of supervised entities with relevant regulations, supervisory decisions, recommendations and other supervisory measures;
- prepare and conduct technical meetings with relevant stakeholders, including JSTs, the ECB, NCAs and supervised entities;
- help to define the scope of future supervisory activities and plan accordingly;
- contribute to the development of supervisory methods and initiatives for cooperation and information-sharing within the SSM;
- contribute to the consistent implementation of supervisory approaches across the SSM.
The position offers you excellent opportunities to contribute to the direct supervision of banks. You will be part of a multicultural team that strives 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, statistics, accountancy, mathematics, law or another relevant field (click here for details on degree equivalences);
- in addition to the above, a minimum of four years’ relevant professional experience (other than as a trainee or intern) in banking supervision, financial regulation, financial stability, financial services, financial analysis, consulting, banking, accounting, auditing or risk management;
- a very good understanding of the functioning of credit institutions and investment firms and risk management;
- a very good knowledge of regulation governing the operations of credit institutions and investment firms;
- 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.
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 would be happy to discuss a part-time arrangement for this role.
Further information
The contracts offered will be short-term ESCB/IO, the appointment being for six 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 chair of the selection panel, Martina Drvar, on +49 (0)173 1862 707 between 08:00 and 11:00 on Thursday, 24 February 2022.
Application and selection process
The recruitment process for this position will be conducted remotely. It will include 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.
