Market Infrastructure Oversight Expert (ESCB/IO) - Market Infrastructure Payments

Banking Supervision & Entities Oversight
Market Infrastructure & Payments
You can no longer apply

General Information

Type of contract Short-term contract, which may be extended to up to 36 months subject to individual performance and organisational needs

Contract end date 31.07.2024

Who can apply? EU nationals working for national central banks of the ESCB, international governmental organisations or other employers performing central banking or banking supervision tasks.

Salary F/G (1) (minimum full time monthly net salary €6336 and benefits, see further information section)

Role specialisation Infrastructure Oversight

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 30.05.2022

Your team

You will be part of the Oversight Division in the Directorate General Market Infrastructure and Payments. Our Directorate General has 140 staff who work to ensure that Europe’s financial market infrastructures are safe and efficient, while embracing innovation and contributing to deeper European integration. Our responsibilities are threefold: we (i) provide a payment and securities settlement infrastructure under the TARGET Services brand, (ii) work with the financial sector to promote innovation and the harmonisation of business practices across Europe, and (iii) 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 is responsible for overseeing post-trade market infrastructures, preparing Eurosystem opinions in the context of activities related to central counterparties and central securities depositories, and contributing to legislation on post-trade infrastructures by communicating the ECB’s policy stance. 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. You will also be 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

Depending on your expertise, interests and organisational needs, you will be assigned to either the Central Counterparties (CCPs) team or the Securities Settlement team and will: 

  • contribute to the definition of oversight policies, frameworks, methodologies and procedures, and coordinate input 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 the perspective of a central bank of issue;
  • assess securities settlement systems and triparty collateral management agents used in Eurosystem credit operations , in order to ensure their safety and efficiency;
  • conduct risk analysis related to the functioning of financial market infrastructures, taking into account financial market developments, new technologies, new security threats and vulnerabilities, and climate change;
  • provide input into clarifying the ECB’s stance on EU legislative initiatives 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 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 the chance 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

  • 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;
  • an understanding of securities and derivatives markets, including the regulatory setting; 
  • an 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.

  • experience in conducting (risk) analysis in the field of financial market infrastructures;
  • experience in drafting different types of written text and in presenting topics to varying audiences;
  • experience in 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 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.

Further information

The contract offered will be short-term ESCB/IO, the appointment being for 12 months as of the exact starting date of the selected person, extendable to up to 36 months.

For additional information on this specific vacancy, you can contact the hiring manager, Beata Wróbel, on +49 172 348 5285. 

Application and selection process

The recruitment process for this position will include a  written exercise 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

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