Student Research Assistant Traineeship Programme – Senior Management/Household Finance and Consumption Network

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General Information

Type of contract Traineeship

Who can apply? EU nationals eligible for our traineeship programme

Grant The trainee grant is €1,070 per month plus an accommodation allowance (see further information section), The trainee grant is €1,940 per month plus an accommodation allowance (see further information section)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 31.01.2022

Your team

You will be part of the Directorate General Research (DG/R), which carries out and coordinates economic research on monetary policy, financial stability, and the ECB’s banking supervision and regulatory activities. In your role as a Student Research Assistant Trainee, you will support DG/R’s economists and managers in their economic research and policy analysis. Depending on your area of expertise, you will be assigned to one of two teams:
  • the Senior Management team, which works on a broad range of research topics in close collaboration with Isabel Schnabel, who sits on the ECB’s Executive Board;
  • the Household Finance and Consumption Network (HFCN) team, which is responsible for analysing household heterogeneity in the euro area and interacts closely with national central banks through the HFCN research network.

We are currently working on analysis exploring the effectiveness and side effects of unconventional monetary policy measures, including their impact on the banking/financial sector and different groups of households.

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 Student Research Assistant Trainee, you will:
  • construct and maintain monetary, financial and economic databases;
  • present data in conjunction with basic economic and statistical analysis;
  • develop mathematical, statistical and econometric procedures for research projects;
  • support and maintain software tools and hardware installations;
  • help to maintain internet and intranet systems within DG/R.

As a participant in the Student Research Assistant Traineeship Programme, you will have the opportunity to work closely with our economists and management. You will support them in academic research projects and work of an operational nature, such as the preparation of policy-related notes for the ECB’s Executive Board. This will enable you to develop your analytical skills and gain insight into the ECB’s research activities and policymaking processes. The programme will also expose you to new ideas and stimuli that will provide a useful foundation for your future career and/or postgraduate studies. 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

  • for a traineeship paid at €1,940 a master’s degree and at least two years of PhD studies in economics, statistics, finance, computer science, mathematics or a related field;
  • for a traineeship paid at €1,070 a bachelor’s degree or higher in economics, statistics, finance, computer science, mathematics or a related field;
  • an excellent command of Stata;
  • familiarity with one or more of the following databases/data providers: Bloomberg/Eikon, Thomson Reuters Datastream, Haver Analytics, Bureau van Dijk banking data (BankFocus), Bureau van Dijk firm-level data (Orbis), Fitch Connect/FactSet, SNL Financial, Dealogic or the ECB Household Finance and Consumption Survey;
  • familiarity with one or more of the following research techniques: difference-in-difference or propensity score matching estimators, panel data analysis for microdata, machine learning algorithms, discrete response models, censored regression models, textual analysis, querying databases or DSGE models;
  • a very good knowledge of spreadsheet and database software such as Microsoft Excel, SQL, Microsoft Access and FAME (including an ability to use Excel’s graphing, pivot table and summary statistics functions);
  • a good knowledge of the MS Office package;
  • experience in compiling and analysing large microeconomic databases;
  • 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.

  • for a traineeship paid at €1,070 a master’s degree (or at least one complete year of studies towards a master’s degree) in economics, statistics, finance, computer science, mathematics or a related field;
  • knowledge of other high-level programming languages, such as MATLAB, Python or R.

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

Traineeship/PhD traineeship 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.

If you are not selected for this position but are still considered suitable, you will be placed on a reserve list for 12 months from the closing date for applications, from which you might be considered for similar positions within the ECB.