Traineeship in the Fiscal Policies Division

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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 19.03.2024

Your team

You will be part of the Fiscal Policies Division in the Directorate General Economics. Our Division has 25 staff. We are responsible for assessing the national fiscal policies of EU Member States and the euro area’s fiscal stance. In addition we provide fiscal forecasts and public debt sustainability analysis, as well as performing analytical work on a variety of related topics, including the interaction between fiscal and monetary policy. The Division is also responsible for analysing issues related to the reform of the architecture of Economic and Monetary Union, particularly in relation to the EU’s fiscal framework. We collaborate closely with several other divisions in the Directorate General Economics, as well as with national central banks in the Eurosystem.

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 trainee you will:
  • support research analysts and economists in our Division, contributing to both short-term tasks and longer-term projects;
  • help to maintain and develop the Division’s databases in order to monitor fiscal developments and related macroeconomic and financial market indicators;
  • contribute to the enhancement of the Division’s forecasting, modelling and other analytical tools;
  • support the preparation of the Division’s regular internal and external products, including its contributions to the ECB’s Economic Bulletin, for instance by producing tables, charts, presentations and other analytical input in collaboration with other ECB business areas;
  • contribute to the Division’s research projects by conducting empirical analysis and macroeconomic modelling.

The position offers you excellent opportunities to enhance your quantitative skills, work on analytical tasks and work closely with experienced economists. It also provides a unique opportunity to gain insight into analysis and policy issues within a central bank. 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, mathematics, statistics, data science, computer science, engineering or a related field;
  • in addition to the above, experience using statistical, econometric and data science packages and programming languages (e.g. MATLAB, Python, R, Stata, or EViews);
  • experience of processing and analysing fiscal, macroeconomic or financial market data;
  • experience of programming automated data tasks;
  • a good knowledge of the MS Office package;
  • 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 or higher in economics, finance, mathematics, statistics, data science, computer science, engineering or a related field, or studies towards such a qualification that are nearing completion;
  • strong programming skills in one or more of the following: MATLAB, Python, R, Stata, EViews, Julia or another language.

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 aims of this position.

Further information

Initial traineeship of six months, with a possible extension to up to 12 months in total.

Other details on the conditions applicable to traineeships at the ECB can be found on our website.

Application and selection process

The recruitment process for this position will include an online interview. 

Further information on how to apply is available on our website.

If you are not selected for this position but are still considered suitable, you will be placed on a reserve list for 12 months from the closing date for applications, from which you might be considered for other traineeship positions within the ECB.