Traineeships in SSM Governance and Operations

Students and graduates
SSM Governance & Operations
3364
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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 17.05.2021

Your team

You will be part of the Directorate General SSM Governance and Operations. Our Directorate General is responsible for assessing requests to grant or withdraw banking licences, authorising qualifying holdings, conducting fit and proper assessments, investigating alleged breaches of prudential regulations and assisting the Supervisory Board in the Single Supervisory Mechanism (SSM) decision-making process.  We are currently seeking applicants for several trainee positions. 

In your role as a trainee, you will be assigned to one of the following divisions: the Authorisation Division, the Fit and Proper Division, the Enforcement and Sanctions Division or the SSM Secretariat Division. You will be asked to select one of these areas of work during the application process.

The Authorisation Division is responsible for assessing new banking licences, withdrawals of banking licences, acquisitions of qualifying holdings in banks and passporting requests. The Division ensures that such requests are processed in a timely manner, with due care and using European banking supervision methodologies and that the criteria set out in relevant EU and national laws are met. 

The Fit and Proper Division is responsible for assessing the suitability of board members, key function holders and branch managers of credit institutions. The Division ensures that such assessments are made in a timely manner, with due care and using European banking supervision methodologies and that the criteria set out in relevant EU and national laws are met. The Division also develops fit and proper policy stances and participates in related legislative/regulatory work.

The Enforcement and Sanctions Division is responsible for investigating alleged breaches of prudential regulations and supervisory decisions and for proposing the exercise of the powers granted to the ECB to enforce those legal acts. The Division also operates the ECB’s whistleblowing mechanism.

The SSM Secretariat Division supports the Supervisory Board and its structures and ensures the institutional quality, effectiveness and efficiency of their decision-making processes. The Division cooperates closely with other ECB business areas and national competent authorities, guiding them through the SSM decision-making process and ensuring due process. It supports the Chair, the Vice-Chair and ECB representatives on the Supervisory Board in the fulfilment of their accountability obligations and coordinates the exchange of supervisory information. The Division also acts as a knowledge hub for ECB business areas, fostering simplification, quality, consistency, harmonisation, legal certainty and cooperation.

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 SSM Governance and Operations, depending on the division to which you are assigned, you will:
  • support your team in conducting substantive supervisory assessments regarding new banking licences, the withdrawal of banking licences and acquisitions of qualifying holdings in banks in cooperation with national competent authorities and Joint Supervisory Teams;
  • support the internal processes of your Division (such as the organisation of workflows and internal meetings), contributing to training and communication initiatives, developing IT and data management tools and contributing to projects (e.g. organising industry workshops and conferences);
  • contribute to substantive supervisory assessments regarding the suitability of board members, key function holders and branch managers of credit institutions in cooperation with national competent authorities and Joint Supervisory Teams;
  • assist your team in investigating and assessing suspected breaches of prudential regulations and supervisory decisions and supporting the decision-making process for enforcement measures and administrative penalties; 
  • contribute to sound and well-founded supervisory decisions;
  • support the organisation of high-level meetings, in particular of the Supervisory Board and the Steering Committee, as well as the preparation of briefing materials and presentations. 

The positions offer you excellent opportunities to contribute to the harmonisation of supervisory standards and to the soundness and stability of the European banking system. 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 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, mathematics, statistics, finance, business administration, accounting or law or any other relevant discipline in a field such as artificial intelligence, machine learning, knowledge management or project management; 
  • 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 for the purpose of informed decision-making;
  • 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.

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 also 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 3 and 12 months in total. The traineeships will have varying starting dates from August 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 an online interview.