General Information
Type of contract
Traineeship
Who can apply?
EU nationals eligible for our traineeship programme
Grant
The trainee grant is €1,170 per month plus an accommodation allowance (see further information section)
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
16.03.2022
Your team
You will be part of the Fiscal Policies Division in the Directorate General Economics. Our Division has 25 staff responsible for assessing the national fiscal policies of Member States of the European Union (EU) and the euro area’s fiscal stance, providing fiscal forecasts and debt sustainability analysis, and producing analytical work on a variety of related topics, including interaction between fiscal and monetary policy. The Division is also responsible for analysing issues related to the reform of the architecture of Economic and Monetary Union (EMU), particularly as regards the EU’s 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 both short-term tasks and longer-term projects;
- help to maintain and develop the Division’s databases in order to monitor fiscal developments and related macroeconomic and financial market indicators;
- contribute to the enhancement of the Division’s forecasting, modelling and other analytical tools;
- support the Division’s regular internal and external products, including its contributions to the ECB’s Economic Bulletin, for instance by preparing tables, charts, presentations and other analytical input in collaboration with other ECB business areas;
- conduct empirical analysis and macroeconomic modelling, contributing to the Division’s research projects.
This traineeship will offer 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 matters within a central bank, as well as further developing 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, mathematics, statistics, data science, computer science, engineering or a related field;
- experience of using statistical, econometric and data science packages and programming languages (e.g. MATLAB, Visual Basic for Applications (VBA) for Excel, EViews, Stata, R or 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, computer science, engineering or a related field, or studies towards such a qualification with the prospect of graduation in the near future;
- strong programming skills in one or more of the following: MATLAB, VBA for Excel, EViews, Stata, R, Python, Julia or another language;
- experience of programming automated tasks and reports, together with knowledge of business intelligence and visualisation software (e.g. Tableau).
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.
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.
