Director General Economics

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General Information

Type of contract Fixed-term contract which may be converted into a permanent contract after five years subject to individual performance and organisational needs

Who can apply? EU nationals

Salary L (minimum full time monthly net salary €12,000 and benefits, see further information section)

Role specialisation Leadership

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 21.10.2021

Your team

You will lead the Directorate General Economics (DG-E), which has 120 members of staff over five divisions.
Our Directorate General monitors, analyses, models and forecasts economic developments and policies; and prepares analytical studies, reports, policy positions and external communication on these issues, such as the Economic Bulletin and Occasional Paper Series. We provide policy advice and secretarial support for monetary policy meetings to the ECB’s decision-making bodies.

DG-E is responsible for the preparation and coordination of the ECB and Eurosystem staff forecasting processes. It contributes with economic studies to discussions on the further deepening of Economic and Monetary Union (EMU) and represents the ECB in various European and international fora dealing with economic issues and policies.

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 Director General Economics you will:

  • shape DG-E’s overall strategy, policies and analytical framework;
  • lead, together with the two Deputy Director Generals, the management of DG-E, which will include managing staff, medium-term business planning, budgeting, resource allocation and establishing work programmes, as well as regularly reviewing the progress of work;
  • ensure effective cooperation among the Directorate General’s five divisions and with other ECB business areas; 
  • develop the impact of DG-E’s work both within and outside the ECB;
  • contribute, as a member of the ECB’s senior management, to the development of the ECB’s strategic direction;
  • oversee and guide the preparation of strategic dossiers for the ECB’s decision-making bodies;
  • foster an optimal working atmosphere and an environment in which the management and staff of DG-E remain motivated, competent and committed to achieving established goals;
  • represent the Directorate General and the ECB by participating in and/or chairing a wide range of internal and external committees, working groups or high-level fora, and maintaining working contacts with relevant counterparts.

The position offers you excellent opportunities to shape the future of monetary policy in the euro area. 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 master’s degree or equivalent in economics, finance, public policy, international relations or political science (click here for details on degree equivalences); 
  • in addition to the above, at least eight years of experience in managerial roles dealing with economic and monetary analysis, preferably at a central banking, European or international institution;
  • a sound understanding of the functioning of international and European institutions and fora;
  • extensive experience in leading and managing teams of highly qualified staff from diverse, preferably multinational backgrounds; 
  • a deep understanding of the working methods of the Eurosystem and the European System of Central Banks (ESCB) and other relevant European and international institutions;
  • 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

  • a PhD and/or a publication record in a field of direct relevance to DG-E’s mission;
  • experience in acting as a representative in relation to international and/or European institutions and fora;
  • experience in leading management teams.

You build and maintain relationships throughout the organisation and beyond. You emphasise the overarching mission and common objectives to achieve the best outcome for the organisation. You strive to achieve goals. You define the strategic outlook for your own business area. You build diverse teams and foster an environment of creativity and innovation. You endeavour to strengthen your teams’ capability, encouraging commitment and engagement.

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 highly motivated to guide teams in their daily work and support their professional development.

Working modalities We are willing to discuss part-time arrangements.

Further information

For additional information on this position, you can speak to the Director General Economics, Frank Smets, by booking an appointment via during the publication period of the vacancy notice.

Application and selection process

The recruitment process for this position will be conducted remotely. It may include an interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase – a presentation and further interviews. 
The selection procedure will also include a separate assessment of your leadership competencies. 

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