Traineeship in Supervisory Strategy and Risk

Supervisory Strategy & Risk
5334
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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)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 01.05.2022

Your team

We are looking for motivated and enthusiastic candidates to join us as trainees in one of the four operating units of the ECB’s Directorate Supervisory Strategy and Risk. The Directorate has approximately 90 staff members, who are responsible for identifying the main risks faced by the European banking sector and for proposing priorities, as well as for strategic planning (including resource allocation) and the risk tolerance framework for the Single Supervisory Mechanism (SSM). The Directorate helps to ensure that supervisory actions remain aligned with the ECB’s supervisory priorities. We work collaboratively and provide independent perspectives for supervisors. Overall, our work contributes to effective, risk-based banking supervision and promotes consistent outcomes. 

The SSM is the system of banking supervision in Europe. It comprises the ECB and the national supervisory authorities of the participating countries.

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 be supervised by a colleague in your operating unit and will be expected to:
  • contribute to the team’s ongoing work related to risk identification and setting of supervisory priorities, strategic planning including resource allocation, ensuring consistency of supervisory outcomes and other exciting initiatives;
  • prepare presentations, conduct data analysis and carry out market research studies;
  • help design and conduct surveys; 
  • contribute to the development of the risk identification, assessment and monitoring framework for ECB Banking Supervision;
  • support the definition of supervisory priorities and their translation into strategic planning, including resource allocation;
  • develop analytical tools to identify and monitor risks in the banking sector, as well as specific supervisory risks;
  • support benchmarking activities as part of the Supervisory Review and Evaluation Process, as well as ex-ante and/or ex-post reviews on supervisory outcomes; 
  • contribute to the Directorate’s other projects (e.g. in the field of operational risk management or following up on audit findings). 

This traineeship offers you excellent opportunities to gain insights into how the ECB works, to acquire hands-on experience in an area of interest to you and to put your knowledge into practice. 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, business administration, auditing, risk management, information technology or another relevant subject;
  • a general interest in banking supervision and current affairs in Europe;
  • a basic knowledge and understanding of the functioning of the ECB and the SSM;
  • a basic knowledge of the objectives and main areas of EU financial regulation, in particular the Capital Requirements Regulation, the Capital Requirements Directive and the Bank Recovery and Resolution Directive;
  • a good knowledge of the MS Office package, in particular Excel and PowerPoint;
  • 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 good understanding of the risks faced by the banking sector and banking risk management practices;
  • strong analytical skills and an ability to develop quantitative risk analyses;
  • an advanced knowledge of MS PowerPoint and Excel (including the use of formulas, conditional formatting, pivot tables and macros);
  • a good knowledge of coding in at least one programming language;
  • practical insights into consultancy, banking, auditing, supervision, project management, strategic planning, resource allocation, operational risk management and/or business continuity management. 

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 of 6 months, extendable for another 6 months to a total of 12 months. The traineeships will have varying starting periods, ranging from August 2022 to January 2023, with the exact timing to be agreed with the successful candidates. 

Application and selection process

Further information on how to join us is available on our website.
The recruitment process for this position will include a pre-recorded video interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase – an online interview via MS Teams.
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.