Financial Risk Expert (ESCB/IO) - Risk Analysis

Fin. Markets & Market Infrastructure Ops
Risk Management
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 (bracket 1 - step 1) full time monthly net salary: €6,595 plus benefits, for further information see what we offer.

Role specialisation Credit Risk

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 12.07.2022

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: 
  • maintain the existing risk models, including credit risk, market risk and interest rate risk in the banking book programmed in Matlab;
  • contributing to the preparation of the regular reports from enhancing current scripts to reflect new needs or desired features, to data gathering from Bloomberg and other data sources including the use of SQL, to drafting report and presenting results in line with the ECB English style guide and corporate templates;
  • contributing to ad-hoc risk impact analysis which might cover among others changes to the monetary policy stance, changes of market expectations, changes to asset allocation;
  • updating model documentation including both technical methodological documents, procedures to prepare reports and high-level presentation on the methodologies used;
  • collaborating across business areas and across the Eurosystem to enhance both the financial risk modelling and reporting.

The position offers you excellent opportunities to understand the key financial risk analysis and develop and coordinate risk reports 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

  • a master’s degree or equivalent in finance, economics, computer science, mathematics or another relevant field (see How you can join us for details on degree equivalences);
  • experience working in either financial risk management, market operations, statistics, financial stability; 
  • a sound understanding of financial instruments, e.g. corporate bonds, sovereign bonds, covered bonds and asset-backed securities;
  • excellent IT programming skills (preferably MATLAB or Python) 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.

  • experience in risk model development and analysing financial risks;
  • experience in synthetising complex analysis into clear and simple presentations;
  • experience as part of a team, in enhancing existing risk models and processes linked to such models; 
  • 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 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 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 speak to the hiring manager, Thomas Werner, on +49 (0)69 1344 8707 between 14:00 and 15:00 on Wednesday, 6 July.

Application and selection process

The recruitment process for this position will be conducted remotely. It includes 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.
Find out how to apply for a position at the European Central Bank. Read more about joining us.