Research Analyst - Monetary Analysis

Analysis and Policy Advice
Monetary Policy
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General Information

Type of contract Fixed-term contract, which may be extended subject to individual performance and organisational needs

Contract end date 14.05.2024

Who can apply? EU nationals

Salary E/F (bracket 1 - step 1) full time monthly net salary: €4,611 plus benefits, for further information see what we offer.

Role specialisation Economics and Monetary Policy

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 17.03.2022

Your team

You will be part of the Monetary Analysis Division in the Directorate General Monetary Policy. Our Division has around 35 staff responsible for monitoring and analysing monetary and financial developments in the euro area. 

Our work is highly data-driven and draws on micro- and macroeconomic insights with a view to providing advice on the conduct of monetary policy.
In your role as Research Analyst, you will work closely with economists from the Money, Credit, and Financial Accounts Section within the Division, providing support for their analysis of financing conditions, especially for firms in the euro area.

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 Research Analyst you will:
  • contribute to the preparation of monetary policy, particularly by building and handling relevant databases and managing information;
  • summarise and visualise data, including firm-level microdata; 
  • compile and analyse micro- and macroeconomic data in areas of interest to the Division; 
  • help to develop and enhance analytical tools in the area of monetary analysis; 
  • guide trainees and contribute to the overall coordination of the various data-related work streams in the Division. 
The position offers you excellent opportunities to use and develop your skills in data analysis and applied econometric modelling. You will gain unique insights into the core processes feeding into monetary policy decisions in the euro area and be involved in the innovation of our analytical infrastructure. You will also participate in the Division’s efforts to provide research-based policy advice and work closely with other areas of the ECB and with national central banks. 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 bachelor’s degree or equivalent in economics, statistics or another relevant field (click here for details on degree equivalences);
  • in addition to the above, sound experience in the construction and analysis of micro- and macroeconomic data; 
  • in-depth experience with statistical software, e.g. MATLAB, R, Stata; 
  • a broad knowledge of financial and monetary economics and macroeconomics;
  • practical experience in using data management and visualisation tools;
  • 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 master’s degree or equivalent in economics, statistics or another relevant field; 
  • a sound understanding of key concepts in corporate finance and how they relate to macroeconomic developments;
  • a solid background in econometrics.

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 be part of our team and to develop and use your skills and competencies to achieve the objectives of this position.

Working modalities

We would be happy to discuss a part-time arrangement for this role.

Further information

Temporary appointments may be extended or made permanent subject to organisational needs and budgetary constraints. This may result in a staff member with a non-convertible fixed-term contract being offered a convertible contract in accordance with the ECB Conditions of Employment.

For additional information on this specific vacancy, you can contact the hiring manager, Fédéric Holm-Hadulla, at

Application and selection process

The recruitment process for this position will be conducted remotely. It will include a written exercise and interviews. 

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.

Find out how to apply for a position at the European Central Bank. Read more about joining us.