Supervisors in DG-OMI for Financial Risk Inspections Division (ESCB/IO)

Banking Supervision & Entities Oversight
On-site & Internal Model Inspections
You can no longer apply

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 30.06.2022

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)

Role specialisation On-Site Inspection

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 13.06.2021

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. 

The Directorate General is integrated with the ongoing supervision and horizontal activities, providing independent, consistent and complementary high-quality assessments. In your role as Supervisor, you will be part of the Financial Risk Inspections Division’s “Central Project Management Office of the AQR”, which is responsible for carrying out asset quality reviews, including the assessment of qualitative issues regarding credit risk management; portfolio selection; loan tape quality assurance (QA); sampling; credit file review; collateral valuation; projection of findings; collective provisioning; and impact assessment of capital situation based on AQR results. Within this office, you will either be part of the Credit Risk team or the Modelling team.
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:
  • contribute to asset quality reviews carried out at banks that have recently been classified or are likely soon to be classified as significant.

If you join the Credit Risk team you will:

  • perform bank-specific quality assurance, including: (i) IFRS9 staging and provisioning reviews for corporate debtors and residential retail facilities as part of the credit file review; (ii) collateral valuations related to corporate debtors and retail facilities. Further, you will analyse and review reports as well as contribute to the horizontal analysis and benchmarking of the investigations across various banks.

If you join the Modelling team you will: 

  • ensure a level playing field across banks and perform quality assurance, including: (i) validating the data integrity of the loan tapes; (ii) sampling the selected credit portfolios; (iii) projecting findings; (iv) challenging collective provisioning results by developing bank-specific challenger models; (v) quantifying AQR results’ impact on the capital situation of the bank. Further, you will contribute to the development of model-related information collection and perform data analysis.

In both teams, members frequently interact with the target bank and the external auditors.
This position offers you excellent opportunities to work as an AQR team member, analyse complex credit cases, gain insight into the practices of the AQR methodology / EBA regulation / IFRS9 standard, and discuss the results of your analysis with the team, your managers and 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

  • a master’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);
  • Material experience in the field of banking supervision; 
  • professional experience in auditing and/or inspections methodology and techniques;
  • 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 regulations (e.g. 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 credit risk management in banking and deep understanding of different sources of credit risk exposure of banks, including the ability to analyse financial statements of corporate debtors;
  • for Modelling team only, good quantitative skills together with professional experience and good knowledge of data analysis and visualisation tools, e.g. advanced Excel VBA and/or SAS, relational databases and SQL, Python, R, Orange, Tableau;
  • an advanced (C1) command of English and another official language of the EU, and ideally an intermediate (B1) command of at least one other official language of the EU, according to the Common European Framework of Reference for Languages.

  • relevant experience in on-site inspections or comparable activities (e.g. AQR, internal audit);
  • good knowledge of credit-risk-related international standards, principles and recognised best practices;
  • relevant experience in project management.

You engage collaboratively with others. You pursue team goals and learn willingly from other people’s diverse perspectives. You analyse complex information effectively and can evaluate different views to arrive at 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.

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.

Teleworking is possible according to the principles applied in the Directorate General On-Site and Internal Model Inspections.

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(s), extendable to up to 36 months.

For additional information on this specific vacancy, you can speak to panel members Mr Veli-Jukka Lehtonen on +49 (0)152 0155 2531 (Credit Risk team) and Mrs Stephanie Hanspach on +49 (0)172 8439 807 (Modelling team) between 13:00 and 15:00 on 27 May.

Application and selection process

For further information on how to join us, read more.
In your application, please express your preference for either a) Credit Risk team or b) Modelling team.

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 – an interview and a written test.