General Information
Type of contract
Fixed-term contract which may be converted into a permanent contract after three years subject to individual performance and organisational needs
Who can apply?
EU nationals
Salary
F/G (bracket 1 - step 1) full time monthly net salary: €5,743 plus benefits, for further information see
what we offer.
Role specialisation
Infrastructure Oversight
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
05.05.2022
Your team
You will be part of the Oversight Division of the Directorate General Market Infrastructure and Payments. Our Directorate General has 140 staff working to ensure that Europe’s financial markets can rely on safe and efficient market infrastructure, while embracing innovation and contributing to further European integration. Our responsibilities are threefold: we provide payment and securities settlement infrastructure under the TARGET Services brand; we work with the financial sector to promote innovation and the harmonisation of business practices across Europe; and we oversee market infrastructures and payments.
In your role as Market Infrastructure Oversight Expert, you will join the Securities and Derivatives Section, comprising 15 members of staff. The Section oversees post-trade market infrastructures, prepares Eurosystem opinions in the context of activities related to central counterparties and central securities depositories, and contributes to post-trade-related legislation by providing input on the policy stance of the ECB. As a Market Infrastructure Oversight Expert, you will work closely with other authorities, including national central banks, national competent authorities, the European Commission and the European Securities and Markets Authority, as well as being involved in industry engagement activities.
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 Market Infrastructure Oversight Expert you will:
- contribute to the definition of oversight policies, frameworks, methodologies and procedures, coordinating inputs from different sources to ensure that strategic considerations and diverse perspectives are taken into account;
- conduct oversight assessments of TARGET2-Securities as well as assessments of central counterparties and central securities depositories from a central bank of issue perspective;
- conduct assessments of securities settlement systems, links between such systems and of triparty collateral management agents used in Eurosystem credit operations to ensure their safety and efficiency;
- conduct risk analysis related to the functioning of financial market infrastructures, considering financial market developments, new technologies, new security threats and vulnerabilities, and climate change;
- contribute to the ECB stance on EU legislative initiatives that are related to post-trade financial infrastructures;
- work closely with colleagues from other ECB business areas and counterparts at other European and international authorities, and represent the Oversight Division in various working groups and international fora;
- ensure the ECB’s values are reflected in your daily work and interactions with others, and guide and coach trainees and junior colleagues.
The position offers you excellent opportunities to work on a diverse range of topics related to the oversight of post-trade infrastructures and to contribute to the ECB’s mandate of ensuring the safety of European financial market infrastructures. 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 finance, economics, business administration or another relevant field (click here for details on degree equivalences);
- in addition to the above, a minimum of three years’ professional experience in one or more of the following fields: oversight, supervision, auditing, policy or the operations of financial market infrastructures or related entities;
- a thorough understanding of securities and derivatives markets, including the regulatory setting;
- a sound understanding of the financial system and its interdependencies;
- 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:
- proven experience in conducting (risk) analysis in the field of financial market infrastructures;
- solid experience in drafting different types of written text as well as proven experience in presenting topics to varying audiences;
- experience of building and managing relationships with different stakeholders.
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 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 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
For additional information on this specific vacancy, you can speak to the hiring manager, Beata Wróbel, on +49 (0)69 1344 5375.
Application and selection process
The recruitment process for this position will be conducted remotely. If you are invited to participate in the selection phase, it will include a written exercise, a presentation and an interview.
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.
