Traineeships in Banking Supervision

Horizontal Line Supervision, Specialised Institutions & LSIs, SSM Governance & Operations, Supervisory Strategy & Risk, Systemic & International Banks, Universal & Diversified Banks
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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 14.02.2024

Your team

One of the tasks of the ECB is to ensure that Europe’s banks are in good shape to perform the important role they have in the economy of euro area countries. We carry out this task as part of a system of European banking supervision called the Single Supervisory Mechanism (SSM).
We supervise the euro area’s largest banks, working alongside supervisors in all euro area countries in Joint Supervisory Teams (JSTs). Our supervisors supervise individual banks on a day-to-day basis, conduct on-site inspections in banks’ premises or specialise in diverse areas such as internal governance, credit risk, capital markets, operational risk, climate risk, cyber risk, business models, internal models, capital planning, crisis management, stress testing, and supervisory policy and methodologies. Based on the relevant regulations, our teams also grant authorisations to supervised institutions and assess the suitability of members of their management bodies (fit and proper assessment). Where relevant, we also enforce regulations or sanction banks for critical shortcomings. A dedicated team develops our supervisory IT systems and communication tools, leveraging artificial intelligence.

Besides identifying risks and supervisory priorities, we monitor the consistency and effectiveness of our supervisory actions with a view to continuous improvement. 
We are keen to draw on fresh perspectives and motivation and are seeking to fill approximately 100 traineeship positions in various fields.

Your role

As a trainee you will be assigned to one of the ECB’s business areas where you will gain hands-on experience by participating in the team’s day-to-day supervisory activities.

For example, you may work on some of the following tasks:
  • participating in risk meetings with supervised banks or banking supervisors;
  • assessing the impact of macroeconomic developments on the risk profile of banks;
  • scrutinising reports provided by banks and checking for undesirable developments;
  • checking whether banks are complying with supervisory demands and regulatory requirements and benchmarking them;
  • automating repetitive data processing tasks;
  • collecting and scrutinising data and producing tables, charts and reports;
  • combining theory and practice by working on projects related to the implementation of supervisory practices and standards;
  • contributing to one of the key supervisory processes, e.g. authorisations, supervisory technology or horizontal analyses. 
Working as a trainee in banking supervision offers you a unique opportunity to gain first-hand practical experience and knowledge of the workings of the ECB and how Europe’s largest banks are supervised. 
You will be working in an inspiring environment alongside international experts who look forward to benefiting from your enthusiasm and fresh academic knowledge. 
The traineeship will also provide you with a number of learning opportunities, such as training courses, and workshops, enabling you to acquire an in-depth insight into a variety of areas. Furthermore, our international environment will enable you to hone your communication and collaboration skills while contributing to memos, decisions and presentations for, and interacting with, a variety of internal and external audiences.
You will be part of a diverse team that strives for continuous innovation to make a positive impact on the lives of the people of Europe.
You will be assigned a mentor to guide you in developing your skills. 
By being part of our active trainee community, you will expand your network and swiftly become acquainted with all that the ECB and Frankfurt have to offer.
Successful completion of a traineeship will put you in a good position to apply for future analyst vacancies.

Qualifications, experience and skills

We welcome your application if you:
  • hold a relevant bachelor’s degree or higher (or evidence of having successfully completed three years of higher-level studies after baccalaureate, i.e. proof that you have obtained at least 180 ECTS credits by the closing date for applications);
  • bring analytical, problem-solving and interpersonal skills along with team spirit and adaptability;
  • have a keen interest in working for a European institution and protecting the stability of the banking system for the benefit of the people of Europe;
  • are eager to learn about banking, finance, banking supervision, financial regulation, supervisory standards and practices, risk analysis (in particular climate and cyber risk) and the implications of the digital transformation for the financial world;
  • are naturally motivated to make the most of the development opportunities that this traineeship has to offer;
  • have a very good (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.

The following would be additional assets to bring to the role:
  • knowledge of and initial work experience in any of the fields mentioned above;
  • knowledge of financial and/or EU regulation;
  • experience of data management, data analytics and data visualisation tools (e.g. Tableau), coding (e.g. R, Python) and artificial intelligence;
  • project management skills;
  • a strong interest in working in a multicultural environment or gaining experience abroad, as demonstrated through, for example, language skills, education, work experience or volunteer work.

Further information

We will be offering traineeships with an initial duration of between three and six months, which may be extended to up to 12 months in the same or another business area in ECB Banking Supervision.
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.

Application and selection process

Further information on how to join us is available on our website.
The recruitment process for this position will include a live online interview. 
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.