General Information
Type of contract
Fixed-term contract, which may be extended subject to individual performance and organisational needs
Contract end date
31.12.2023
Who can apply?
EU nationals
Salary
F/G (bracket 2 - step 1) full time monthly net salary: €6,032 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
08.06.2022
Your team
You will be part of the Monetary Policy Strategy Division in the Directorate General Monetary Policy. Our Division is responsible for analysing and assessing the ECB’s monetary policy stance, as well as longer-term strategic issues.
We prepare decisions on the ECB’s non-standard monetary policy measures and the interest rates set by the ECB and prepare external communications on the monetary policy strategy and stance. We also develop models and tools for analysing the monetary policy stance and the impact of non-standard monetary policy measures. Moreover, we analyse monetary policy transmission in money markets and the effects of excess liquidity and advise on the Eurosystem’s operational framework and its balance sheet from a monetary policy perspective.
In your role as a Senior Economist, you will be part of the Policy Assessment Section, which comprises 15 members of staff responsible for preparing monetary policy decisions and communication, including in the form of policy notes and briefing material for members of the ECB’s Executive Board and senior management. You will collaborate with colleagues from across the ECB’s business areas, the Eurosystem, other policy institutions and the academic community and represent the ECB at Eurosystem fora and external events.
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 Senior Economist you will:
- help to prepare monetary policy decisions and monetary policy communication, in particular by contributing to the preparation of documents related to the analysis and the assessment of the appropriateness of the monetary policy stance;
- contribute to policy notes and briefing material for members of the Executive Board and senior management of the ECB;
- assess the implementation of monetary policy by the Eurosystem and the monetary policy instruments of the Eurosystem from a monetary policy perspective;
- carry out analytical work on the design and assessment of monetary policy options, the monetary policy transmission mechanism and structural issues related to the evolution of the euro area money market and the Eurosystem’s balance sheet from a monetary policy perspective;
- contribute to the official publications of the ECB, as well as other publications, presentations and speeches.
The position offers you excellent opportunities to use state-of-the-art modelling tools to analyse policy-relevant issues, to present your own analytical work and to contribute to the policy discussion. 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 economics or finance or another relevant field (click here for details on degree equivalences);
- in addition to the above, at least seven years of relevant working experience in the field of monetary policy;
- proven experience in preparing briefings, policy notes and official communication on monetary policy;
- an ability to draw from existing analysis and to extend it or apply it to new topics at short notice;
- a sound and thorough understanding of monetary policy, policy operations, the financial system and macroeconomic developments;
- experience in theoretical or empirical modelling of monetary policy;
- strong quantitative skills and sound experience in the application of statistical and econometric techniques for analytical purposes;
- 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 PhD and a research and publication record in in applied macroeconomics, preferably related to monetary and financial economics and central bank operations;
- excellent analytical skills, sound policy judgement and the ability to examine policy issues critically within a broader economic and institutional context.
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 skilled at encouraging people to develop their abilities and are able to build up high-performing teams.
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
The contract offered will be fixed-term, the appointment being until 31 December 2023.
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 speak to the hiring manager, Tobias Linzert, on +49 (0)69 1344 8590.
Application and selection process
The recruitment process for this position will be conducted remotely. It will include a written exercise, a presentation 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.
