General Information
Type of contract
Fixed-term contract which may be converted into a permanent contract after three years subject to individual performance and organisational needs
Who can apply?
EU nationals
Salary
F/G (bracket 1 - step 1) full time monthly net salary: €5,438 plus benefits, for further information see
what we offer.
Role specialisation
Infrastructure Oversight
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
15.03.2022
Your team
You will be part of the Oversight Division in the Directorate General Market Infrastructure and Payments. Our Directorate General has 140 staff who work to ensure that Europe’s financial markets can rely on safe and efficient market infrastructure, while embracing innovation and contributing to further European integration. We have three key responsibilities: providing payment and securities settlement infrastructure under TARGET Services; cooperating with the financial sector to promote innovation and the harmonisation of business practices across Europe; and overseeing market infrastructures and payments.
You will help the ECB to perform its oversight activities and will contribute towards promoting the safety and efficiency of the payment system. This involves monitoring overseen entities, assessing them according to oversight standards, and inducing any necessary changes. To effectively perform these activities we ensure that financial market infrastructures have optimal levels of cyber resilience, and we support the financial sector in achieving this.
As an Oversight Expert for cyber resilience, you will be part of the Payments Oversight Section comprising 19 staff engaged in the oversight of payment systems, schemes and arrangements, who are also responsible for developing the respective oversight policies and frameworks.
More precisely, you will belong to a team within the Section which focuses on the cyber resilience of financial market infrastructures and actively contributes to the Eurosytem’s pioneering framework for Threat Intelligence-based Ethical Red Teaming (TIBER-EU). Your team also actively contributes to the Euro Cyber Resilience Board and to other international and European fora on cyber resilience, helping to shape expectations for cyber resilience oversight.
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 an Oversight Expert for cyber resilience you will work within your team to:
- support the further development and implementation of the Eurosystem cyber resilience strategy for financial market infrastructures by preparing oral and written contributions and joining in discussions with the respective Eurosystem task force;
- actively contribute to the further development, maintenance and harmonised implementation of the European framework for TIBER-EU) by preparing oral and written contributions, and overseeing TIBER-EU tests;
- support the further development and maintenance of the cyber information and intelligence sharing initiative, and the evolution of cyber resilience oversight expectations, taking into account the lessons learned and a shifting ecosystem and threat landscape;
- prepare dossiers for discussion at the Euro Cyber Resilience Board by drafting presentations and memos, and supporting its Secretariat in organising and following up meetings;
- draft speeches for the Executive Board member in charge of the Directorate and senior management, and prepare other contributions for internal and external audiences, such as briefings, articles or documents for the Eurosystem Committee in charge of market infrastructure and payments;
- follow key EU regulatory developments on operational resilience, information and cyber security, and inform Eurosystem groups of the status and key points, and contribute to preparing ECB legal opinions;
- present cyber resilience matters to internal and external stakeholders, conduct and analyse surveys on cyber resilience matters;
- liaise and collaborate with internal and external stakeholders including central banks, financial market infrastructures, European and international authorities.
The position offers you excellent opportunities to work on cyber resilience dossiers that are key for the European financial sector, and to be a part of pan-European initiatives in this area. You will liaise with a highly qualified team and interact with major stakeholders to determine solutions to cyber resilience challenges as seen from an oversight as well as an industry perspective. Through your tasks you will help the ECB to ensure the safety of European financial market infrastructures and contribute to the ECB’s leadership in the field of cyber- resilience. 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 master’s degree or equivalent in finance, economics, business administration, information technology or any another relevant field (click here for details on degree equivalences) ;
- in addition to the above, a minimum of three years’ experience in one or more of the following fields: oversight, supervision, audit, IT security, policy or operations of financial market infrastructures, financial institutions or related entities;
- proven knowledge in or experience of working on cyber and digital operational resilience from a business, conceptual and technical perspective;
- thorough understanding of the financial system and its interdependencies;
- 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:
- proven strong experience in drafting and presenting complex dossiers to both technical and non-technical audiences.
You engage collaboratively with others. You pursue team goals and learn willingly from other people’s diverse perspectives. You signal any need for change by explaining it and proposing alternative solutions. You analyse complex information effectively and can evaluate different views to arrive at solutions. You know and anticipate stakeholder needs.
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 motivated to be part of our team and to develop and use your skills and competencies to achieve the objectives of this position.
Working modalities
We are willing to discuss part-time arrangements.
Further information
For additional information on this specific vacancy, you can speak to the Head of Section, Patrick Papsdorf, on +49 (0)69 1344 6516
Application and selection process
The recruitment process for this position will be conducted remotely. It will include a written exercise, a presentation and interview.
If you are not selected for this position but are still considered suitable, you will be placed on a reserve list (
see step 4 of how we hire), from which you might be considered for similar positions within the ECB.
