Traineeships in Operational Risk and Business Continuity Management

CSO/Operat.Risk & Bus.Continuity
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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 €1,170 per month plus an accommodation allowance (see further information section)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 04.05.2022

Your team

You will be part of the Operational Risk and Business Continuity Management (ORM/BCM) Section, which forms part of the ECB’s Chief Services Office.

Our team is responsible for developing, implementing and maintaining the policies that govern the ECB’s operational risk, business continuity and critical incident management, and for providing business areas with methodological support for any related matters.

We also produce a holistic risk profile for the ECB, coordinate bank-wide risk assessments and associated acceptance procedures, carry out business impact and threat analyses, and run business-continuity testing activities. In addition, we monitor and report on the status of risk-mitigation measures and follow up on high-impact incidents at the ECB. We also organise critical incident management exercises, during which we act as the support team. Furthermore, we support operational risk and organisational resilience management across the Eurosystem, the European System of Central Banks and European banking supervision.

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 in the ORM/BCM Section, you will:
  • support tasks relating to all three of the Section’s core disciplines: operational risk, business continuity and critical incident management;
  • maintain systems containing operational risk and business continuity-related information;
  • be responsible for maintaining the external loss database, as well as the data relating to the ECB-wide mass notification tool and associated alert exercises;
  • monitor the news to keep abreast of external threats;
  • provide support in other resilience exercises and tests;
  • contribute to the annual Enterprise Risk and Resilience Update Exercise.

This position is an excellent opportunity to gain hands-on experience in a team that fosters organisational resilience and acts as a second line of defence against non-financial risks. You will also have the chance to develop strong analytical and communication skills by interacting with a variety of stakeholders across the ECB.

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 higher in non-financial risk management, business or public administration, auditing, information technology or another relevant field;
  • experience analysing data and producing reports;
  • knowledge of organisational resilience, operational risk, business continuity and/or critical incident/crisis management; 
  • a good knowledge of the MS Office package, specifically PowerPoint and Excel;
  • good skills in data processing and data visualisation;
  • 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.

  • experience in the financial/banking sector;
  • experience using Visual Basic for Applications in MS Excel;
  • a basic understanding of the functioning of the ECB, the European System of Central Banks and the Single Supervisory Mechanism.

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.

Working modalities

To enable the ECB to maintain its business continuity capability, you will occasionally be expected to work at the ECB’s recovery site.

Further information

Three traineeships are available, each with a maximum duration of 12 months and the following start dates: 1 July, 1 September and 1 November 2022.

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.