Traineeship in International Macroeconomics and International Finance

International & European Relations
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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)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 08.01.2021

Your team

You will be part of the Directorate General International and European Relations, which has 120 staff members and prepares policy positions of the ECB, the Eurosystem and the European System of Central Banks on international and European issues (except for positions on the macroeconomic policies of the euro area or European Union (EU) countries).

You will be assigned to a team in one of the following divisions of the Directorate General. The External Developments Division conducts economic analysis and makes forecasts on key economies outside the EU, such as the United States, Japan and China. It also coordinates the international part of the Eurosystem/ECB staff projection exercises. The International Policy Analysis Division analyses issues of systemic relevance relating to the global economy, the global monetary and financial system and the international financial architecture, including matters relating to global financial markets, international spillovers, globalisation and exchange rates. 

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 trainee you will perform one or more of the following tasks: 
  • support the work of one of the divisions, which may include assisting with data collection and analysis, generating tables and charts and preparing presentations;
  • maintain and further develop databases used to monitor global and country-specific monetary, financial and real sector developments, with a particular focus on enhancing the use of data visualisation tools;
  • maintain and further develop quantitative tools and modelling infrastructure;
  • contribute to selected analytical projects by providing research assistance.

As a trainee you will work closely with highly qualified experts on different tasks and projects in the field of international macroeconomics and international finance, giving you valuable experience for your transition to a successful professional career. You will also be assigned a mentor, and will be able to develop your potential and quickly contribute to the work we do. 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 bachelor’s degree or higher in economics, finance, statistics, data science or a related field;
  • a sound understanding of international macroeconomics, monetary economics and international finance;
  • experience in data management and handling multidimensional datasets;
  • advanced knowledge of MS Office, in particular Excel, and intermediate knowledge of programming languages and econometric software (e.g. MATLAB, R, Stata, EViews, Python, SQL);
  • 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.

  • a master’s degree in economics, finance, statistics, data science or a related field (or being close to completing a master’s degree);
  • a keen interest in policy-relevant and applied research, together with proven ability to conduct quantitative analyses;
  • experience of macroeconomic and financial market data service providers (e.g. Refinitiv Eikon, Bloomberg, Haver Analytics) and data visualisation software (e.g. Tableau);
  • a sound knowledge of statistical and econometric techniques for data analysis.

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 of between 4 and 12 months in total. For some of the positions the starting date will be in early 2021, while for others it will be in October 2021 at the latest.

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.