Traineeships in the Fiscal Policies Division

Students and graduates
Economics
3311

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 12.04.2021

Your team

You will be part of the Fiscal Policies Division in the Directorate General Economics. Our Division has 26 staff members responsible for assessing the national fiscal policies of the Member States of the European Union (EU) and the euro area fiscal stance, providing fiscal forecasts and debt sustainability analysis, and producing analytical work on a variety of related topics. These include the role of fiscal policy for macroeconomic stabilisation in the context of the coronavirus (COVID-19) pandemic and the interplay between monetary and fiscal policies. The Division is also responsible for analysing issues related to the reform of the architecture of Economic and Monetary Union (EMU), in particular concerning the EU fiscal framework.

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 short-term tasks and longer-term projects;
  • retrieve data from public and commercial databases, maintain and develop databases in the Division in order to monitor fiscal developments and related macroeconomic and financial market indicators; 
  • contribute to enhancing the Division’s analytical, econometric and forecasting tools;
  • support the production of the Division’s regular internal and published products, including its contributions to the ECB’s Economic Bulletin, for instance by preparing tables, charts, presentations and other analytical inputs in collaboration with other ECB business areas;
  • conduct empirical analyses using Microsoft Excel and econometrics software and contribute to the Division’s research projects. 

The traineeship offers you excellent opportunities to enhance your quantitative skills, work on analytical tasks and collaborate with experienced economists. You will also have a unique opportunity to gain insight into analysis and policy within a central bank, as well as to further 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

Essential: 
  • a bachelor’s degree or higher in economics, finance, statistics, data science, computer science, mathematics, engineering or a related field;
  • experience using statistical, econometric and data science packages and programming languages such as MATLAB, Visual Basic for Applications (VBA) for Excel, EViews, Stata, R, Python;
  • experience in processing and analysing fiscal, macroeconomic or financial market data;
  • 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: 
  • a master’s degree or higher in economics, finance, mathematics, statistics, data science or a related field, or studies towards such a qualification with prospective graduation in the near future;
  • strong programming skills in MATLAB, VBA for Excel, EViews, Stata, R, Python or other programming languages; 
  • experience working with fiscal policy-related statistics (such as government finance statistics) and databases; 
  • experience of programming automated tasks and reports, together with knowledge of business intelligence and visualisation software (e.g. Tableau); 
  • familiarity with macroeconomic modelling using Dynare.

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

Traineeships of between 6 and 12 months in total.

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.