Financial Risk Expert (ESCB/IO) - Risk Analysis

Knowledge, Information, Data&Statistics
Risk Management
5761
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 31.12.2023

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 Risk Data and IT

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 16.06.2022

Your team

You will be part of the Risk Analysis Division in the Directorate Risk Management. The Division is responsible for monitoring, measuring and assessing financial risks that may arise from the Eurosystem’s monetary policy operations and the ECB’s investment operations. We are looking for a financial risk expert to help build the next generation of our risk management data and IT infrastructure.

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 Financial Risk Expert you will:
  • build the next generation of our risk management data and IT infrastructure. This includes defining the target scope, analysing business processes, collaborating across business areas, coordinating with external vendors, coordinating and implementing testing, designing and implementing change management plans, and creating knowledge management plans;
  • maintain the existing risk infrastructure, including data quality management and troubleshooting;
  • develop new applications quickly to respond to business needs, including editing existing SQL queries and creating new ones, as well as programming in VBA and Python;
  • develop the long-term strategy for the risk infrastructure, including analysing business processes that need to be enhanced and proposing solutions to improve the Division’s technical infrastructure.

The position offers you excellent opportunities to understand the key financial risk analysis deliverables and develop and coordinate IT processes undertaken by the Risk Analysis Division. 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, computer science, mathematics or another relevant field  (click here for details on degree equivalences);
  • experience working in either financial risk management, market operations, statistics, financial stability or information systems; 
  • a sound understanding of financial instruments, e.g. corporate bonds, sovereign bonds, covered bonds and asset-backed securities;
  • excellent IT programming skills (preferably Python, MATLAB or VBA) and a good understanding of languages used for managing data in a relational database management system (e.g. SQL);
  • 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: 
  • experience in application development, analysing business processes and managing relationships with end-users and external vendors;
  • experience as part of a project team, developing business applications in the field of financial markets or financial risks; 
  • experience in finance and/or risk management as a holder of a Chartered Financial Analyst (CFA) and/or Financial Risk Manager (FRM) certificate(s), or experience working with financial risk managers and portfolio managers;
  • experience working with Oracle or multi-model database management systems;
  • experience working with Tableau;
  • experience working on tasks related to risk monitoring or compliance;
  • experience using market data services, such as Bloomberg or Reuters.

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 objectives 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 short-term ESCB/IO, the appointment being for at least 12 months as of the exact starting date of the selected person, extendable to up to 36 months.

For additional information on this specific vacancies, you can contact Josep M. Puigvert (josep_maria.puigvert@ecb.europa.eu), Senior Team Lead of the Risk Analysis Division and arrange a phone discussion, if needed. 

Application and selection process

The recruitment process for this position will be conducted remotely. It will include a written exercise, 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 European Central Bank. Read more about joining us.