Traineeships in On-Site and Internal Model Inspections

On-site & Internal Model Inspections
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General Information

Type of contract Traineeship

Who can apply? EU nationals eligible for our traineeship programme

Grant The trainee grant is €1,070 per month plus an accommodation allowance (see further information section)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 11.04.2023

Your team

You will be part of the Directorate General On-Site and Internal Model Inspections. Our Directorate General has over 200 staff and is responsible for conducting on-site activities, ensuring the consistency of assessment approaches across the Single Supervisory Mechanism (SSM) and organising and executing the on-site supervisory programme. This includes on-site inspections, internal model investigations and asset quality reviews. We are currently seeking applicants for several trainee positions.

In your role as a trainee, you will be assigned to one of our four divisions − Financial Risk Inspections, Non-Financial Risk Inspections, Internal Model Investigations, or Operations and Integration − or to the Directorate General’s Senior Management Office.

  • The Financial Risk Inspections Division assesses credit risk, market risk, liquidity risk and interest rate risk in the banking book. It is also responsible for conducting asset quality reviews.
  • The Non-Financial Risk Inspections Division assesses governance and risk management, capital and business model (including climate risk), and operational risks (including IT risks).
  • The Internal Model Investigations Division conducts internal model investigations and ensures the consistency of methodologies and processes related to the review of internal models for the calculation of minimum capital (Pillar 1) requirements.
  • The Operations and Integration Division plans and coordinates the on-site supervisory programme, managing the common processes involved, monitoring the programme’s execution and preparing related reporting.
  • The Senior Management Office coordinates the activities of the whole Directorate General and manages the strategic and horizontal projects related to the work of all four divisions.

You will cooperate closely with colleagues, not only in your team and division but also across all of European banking supervision.

The SSM is the system of banking supervision in Europe. It comprises the ECB and the national supervisory authorities of the participating countries.

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 trainee, depending on the division to which you are assigned, you will:
  • support your team in planning, executing and monitoring the on-site supervisory programme;
  • help to organise the training activities offered to SSM inspectors and coordinate other internal and external communication initiatives;
  • support the internal processes in your division and your team;
  • work on developing supervisory standards, methodologies and tools for on-site inspections, asset quality reviews and internal models as well as performing analyses and benchmarking;
  • assist with on-site inspections, asset quality reviews and internal model investigations (please note that this will not imply direct participation in these activities on the bank’s premises);
  • contribute to developing, maintaining and enhancing IT/data management tools and projects.

The position offers you excellent opportunities to analyse issues relating to prudential supervision and to strengthen your project management skills. It also enables you to deepen your understanding of the European banking landscape and to develop your career.

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 bachelor’s degree or higher in accounting, economics, finance, business administration, European studies, international relations, engineering, mathematics, computer science, econometrics, statistics, physics or another relevant field;
  • knowledge of the objectives and main areas of EU financial regulation and prudential requirements for credit institutions, as well as the objectives and functioning of European banking supervision, in particular the SSM Regulation and the SSM Framework Regulation;
  • a good knowledge of the MS Office package;
  • 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, subject to the assigned division: 
  • practical knowledge of data analysis and visualisation tools (e.g. R, Python, relational databases, SQL, VBA, Tableau and SAS);
  • knowledge of the functioning of credit institutions and the risks to which they are exposed (e.g. credit risk, market risk, interest rate risk in the banking book, liquidity risk), IFRS, project management, risk management;
  • experience in preparing and giving presentations on project proposals, results and key technical or operational messages;
  • knowledge of mathematical models for forecasting and measuring risk;
  • experience in planning, monitoring and reporting tasks involving multiple stakeholders.

You are curious and eager to learn, and want to further develop your ability to analyse complex information. You are keen to collaborate with others, pursue team goals and learn from other people’s diverse perspectives. You strive to know and anticipate stakeholder needs, and will signal any need for change and propose alternative solutions.

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

Working modalities

Playing a role in European banking supervision entails collaborating in multinational and multicultural teams and operating in the context of different national frameworks, for which a strong ability to use different EU languages for business purposes is an asset.

Further information

Traineeship of between 6 and 12 months in total. The traineeships will have varying starting dates, beginning at the earliest in October 2023.
Other details on the conditions applicable to traineeships at the ECB can be found on our website.

Application and selection process

Further information on how to apply is available on our website.
The recruitment process for this position will include a pre-recorded video interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase – an online interview. 
If you are not selected for this position but are still considered suitable, you will be placed on a reserve list for 12 months from the closing date for applications, from which you might be considered for other traineeship positions within the ECB.