Research Analyst - Forecasting and Policy Modelling

Analysis and Policy Advice
Economics
5634
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General Information

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

Contract end date 14.06.2024

Who can apply? EU nationals

Salary E/F (1) (minimum full time monthly net salary €4,229 and benefits, see further information section)

Role specialisation Datasets and Statistics

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 14.07.2022

Your team

You will be part of the Forecasting and Policy Modelling Division in the Directorate General Economics. Our Division has 24 members of staff and is the gateway for forecasting and policy models used at the ECB for the preparation of monetary policy. 

The Division develops and maintains euro area and large-country models for projections and policy simulations. This also involves handling the data, software and IT solutions needed to deliver efficient and user-friendly infrastructure for the policy process. 

In your role as a Research Analyst, you will be part of a team that provides model-based contributions to Eurosystem/ECB staff macroeconomic projection exercises and, more generally, to preparations for meetings of the Governing Council and conducts analysis on structural issues of relevance for monetary policy. 

You will follow and contribute to research trends and help develop, maintain and use forecasting and policy models for key policy debates. Current priority projects include the development of new models and enhancement of current core models to include climate change and consumer and firm heterogeneity. 

You will work closely with other divisions and business areas within the ECB and with colleagues from the European System of Central Banks. In particular, the Division coordinates the work of and provide the secretariat for the Monetary Policy Committee Working Group on Econometric Modelling (WGEM).

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 Research Analyst in the Forecasting and Policy Modelling Division you will:
  • provide analytical support to the various teams of economists in the Division; 
  • contribute to the policy outreach of the Division, both through the processing of the main macroeconomic models and the related infrastructure and by providing input for reports and presentations; 
  • develop the automation of regular model-based policy analysis, as well as the associated visualisation and data handling functions;
  • support model development activities and research projects under the supervision of economists in the Division;
  • guide trainees and contribute to the overall coordination of the Division’s work streams on data flows and model-based infrastructure.

The position offers you excellent opportunities to maintain and use state-of-the-art macroeconomic models to analyse a wide range of issues of relevance for monetary policy preparation. You will also gain experience of core processes supporting the decision-making of the Eurosystem, including working closely with other parts of the ECB and national central banks. 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 equivalent in economics, finance, statistics or another relevant field (see How you can join us for details on degree equivalences);
  • relevant professional experience (beyond experience acquired in the course of studies) related to quantitative economic analysis; 
  • practical experience in database management and an interest in designing best-practises for data processing;
  • sound time management and planning skills and razor-sharp attention to detail, even under time pressure;
  • 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 master’s degree or equivalent in economics, finance, statistics or another relevant field;
  • a sound understanding of macroeconomic modelling techniques and their use in forecasting and policy analysis;
  • a solid background in econometrics, statistics and data science. 
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 aims of this position.

Working modalities

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

Further information

The contract offered will be fixed-term, the appointment being for 24 months as of the exact starting date of the selected person.

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.


For additional information on this specific vacancy, you can speak to the hiring manager, Matthieu Darracq Paries, on +49 15222521701 between 10:30 and 12:30 on Tuesday 5 July.

Application and selection process

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