Economist - Bank Lending Conditions

Analysis and Policy Advice
Monetary Policy
5632

General Information

Type of contract Fixed-term contract, which may be extended subject to individual performance and organisational needs

Who can apply? EU nationals

Salary F/G (1) (minimum full time monthly net salary €4,987 and benefits, see further information section)

Role specialisation Economics and Monetary Policy

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 15.08.2022

Your team

You will be part of the Bank Lending Conditions Section of the Monetary Analysis Division in the Directorate General Monetary Policy. Our Section is made up of approximately 15 people and is responsible for working on the calibration of monetary policy measures, including non-standard measures, based on how they affect the economy through the banking system. We monitor and conduct regular analysis of the transmission of monetary policy through banks, including its interaction with microprudential and macroprudential policies. We also have primary responsibility for the ECB’s bank lending survey. 

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 an Economist you will:
  • conduct regular analysis of the transmission of monetary policy through banks and assess bank liquidity and funding conditions across the euro area;
  • assess the implications of banks’ regulatory and supervisory frameworks for the monetary policy transmission mechanism and the wider economy;
  • develop analytical tools to inform the design and assessment of monetary policy options;
  • coordinate inputs and contribute to policy notes and briefing material for members of the Executive Board and senior management of the ECB;
  • 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 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 another relevant field (see How you can join us for details of degree equivalences);
  • a sound knowledge of statistical and econometric techniques for analytical purposes;
  • experience in preparing policy-related briefings and analytical material;
  • very good writing skills and the ability to draft well-structured notes to strict deadlines;
  • the ability to identify and address policy issues and to present analytical findings in both non-technical terms to policymakers and technical terms at academic conferences;
  • 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 in economics or another relevant field, together with a research and publication record.


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 be part of our team and to develop and use your skills and competencies to achieve the aims of this position.


Working modalities

We would be happy to discuss a part-time arrangement for this role.

Further information

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.

The contract offered will be fixed-term, the appointment being for 12 months as of the exact starting date of the selected person.


For additional information on this specific vacancy, you can speak to the hiring manager, Sarah Holton (Head of Bank Lending Conditions Section), on +491725294598 between 14:00 and 17:00 on Wednesday, 27 July or Wednesday, 3 August.

Application and selection process

The recruitment process for this position will be conducted remotely. It will include a written test, 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.

Find out how to apply for a position at the ECB. 
Read more about joining us.