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), The trainee grant is €2,120 per month plus an accommodation allowance (see further information section)
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
20.08.2021
Your team
You will be part of the Directorate General International and European Relations, which has 120 staff members. You will be assigned to a team in the External Developments Division, which conducts economic analysis on the global economy and key non-EU countries, such as the United States, United Kingdom and China. It also coordinates the global part of the Eurosystem/ECB staff macroeconomic projections and conducts simulation and scenario analysis related to the international environment. Key analytical projects currently encompass work on international trade (including trade models), trends in global inflation, repercussions of high global indebtedness, and the post-pandemic recovery of the world economy. In your role as trainee, you will be part of a team that contributes to these analytical workstreams and/or supports data management in the Division.
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 perform one or more of the following tasks:
- providing research assistance for, and possibly co-authoring, analytical projects that are based on original empirical analyses;
- providing research assistance by building and maintaining modelling tools using advanced econometric programming skills;
- for the data management group, contributing to the Division’s products and processes, which may include:
- assisting with data collection, programming tasks and analysis, and preparing presentations for senior policymakers;
- handling, maintaining and further developing 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;
- contributing to the analytical work of the Division by setting up and running statistical and econometric processes.
As a trainee you will work closely with highly qualified experts on different tasks and projects in the field of international macroeconomics, 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
Essential:
- for a traineeship paid at €1,070 a bachelor’s degree or higher in economics, finance, statistics, data science or a related field;
- for a traineeship paid at €1,940 a master’s degree and at least two years of PhD studies in economics, finance, statistics, data science, engineering or a related field;
- a sound understanding of international macroeconomics;
- experience in data management and handling multidimensional datasets;
- advanced knowledge of MS Office, in particular Excel;
- an 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.
Desired:
- for a traineeship paid at €1,070 a master’s degree in economics, finance, statistics, data science or a related field (or being close to completing a master’s degree);
- for a traineeship paid at €1,940 excellent knowledge of and a track record in state-of-the-art modelling tools and econometric techniques or data analytics, preferably in the field of global trade analysis.
- 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/PhD traineeship of between 4 and 12 months in total. For some of the positions the starting date will be in October 2021, while for others it will be in January/February 2022 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.
