Traineeships in On-Site and Internal Model Inspections

Students and graduates
On-site & Internal Model Inspections
3282
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General Information

Type of contract Traineeship

Who can apply? EU nationals eligible for our traineeship programme (see further information section)

Grant The trainee grant is €1,070 per month plus an accommodation allowance (see further information section)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 16.06.2021

Your team

You will be part of the Directorate General On-Site and Internal Model Inspections. Our Directorate General is responsible for leading and participating in on-site activities, ensuring the consistency of assessment results across the Single Supervisory Mechanism (SSM), and defining and facilitating the planning and execution of the on-site supervisory programme, including on-site inspections, internal model investigations and asset quality reviews. We are currently seeking applicants for several trainee positions. 

In your role as trainee, you will be assigned to one of our four divisions − Financial Risk Inspections, Non-financial Risk Inspections, Internal Model Investigations or Operations and Integration − or to the Senior Management Office of the Directorate. 

In on-site inspections, the Financial Risk Inspections Division is responsible for assessing credit risk, market risk, liquidity risk and interest rate risk in the banking book and for conducting asset quality reviews. 

The Non-financial Risk Inspections Division is responsible for assessing the following aspects in on-site inspections: operational risks including IT risks; governance and risk management; capital, including the internal capital adequacy assessment process; and business model and emerging risks including climate risk.   

The Internal Model Investigations Division is responsible for ensuring the consistency of supervisory approaches and the uniform implementation of internal models used by credit institutions in the SSM. We are currently working on high impact projects, such as the implementation of the new definition of default, the fundamental review of the trading book and the assessment of models of banks relocating to the euro area in the context of Brexit. 

The Operations and Integration Division is responsible for planning and coordinating the on-site supervisory programme, managing common processes to support and monitor its execution, preparing the related reporting, and coordinating both inspector training and the Directorate General’s communication activities. 

You will cooperate closely with colleagues, not only in your team and division but also across the whole of European banking supervision.

The 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 trainee in the Directorate General On-Site and Internal Model Inspections, depending on the division to which you are assigned, you will: 
  • support your team in the planning, execution and monitoring of the on-site supervisory programme by carrying out various organisational tasks;
  • participate in organising the training activities offered by the Directorate General to SSM inspectors, as well as in coordinating or supporting other internal and external communication initiatives; 
  • support the development of supervisory standards and methodologies for the supervision of on-site inspections and internal models as well as analysis and benchmarking;
  • contribute to the development, maintenance and enhancement of IT/data management tools and projects; 
  • support the internal processes in your division and your team, including organisational aspects.   

The positions offer you excellent opportunities to analyse cutting-edge issues relating to prudential supervision and to strengthen your project management skills by dealing with key supervisory processes in a multi-stakeholder environment. It also provides extensive scope for you to deepen your understanding of the European banking landscape and to develop your career. 

You will be part of a multicultural and inclusive team that strives for continuous innovation to make a positive impact on the lives of European citizens. 

Qualifications, experience and skills

Essential:
  • a bachelor’s degree or higher in economics, finance, business administration, mathematical engineering, mathematics, computer science, econometrics, statistics or another relevant field; 
  • a general interest in European affairs, banking supervision and matters of relevance to the division to which you are applying; 
  • knowledge of the objectives and main areas of EU financial regulation and prudential requirements for credit institutions, including banking supervision, risk management, governance arrangements for credit institutions and the objectives and functioning of European banking supervision, in particular the SSM Regulation and the SSM Framework Regulation; 
  • an ability to analyse financial statements and forecasts of credit institutions; 
  • 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.

Desired: 
  • experience in data analysis and the ability to interpret data; 
  • working knowledge of software applications and visualisation tools, e.g. Python, R, relational databases and SQL, VBA, Tableau, Orange;
  • experience in preparing and giving structured presentations on project proposals, results or key messages of a technical or operational nature;  
  • experience in managing tasks under tight deadlines and time pressure, as well as collaborating and communicating with multiple stakeholders. 

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.

Working modalities

Playing a role in European banking supervision 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.

Further information

Traineeship of between 6 and 12 months in total. The traineeships will have varying starting dates from September 2021.

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 pre-recorded video interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase, an online interview.