General Information
Type of contract
Fixed-term contract which may be converted into a permanent contract after three years subject to individual performance and organisational needs
Who can apply?
EU nationals
Salary
E/F (bracket 1 - step 1) full time monthly net salary: €4,611 plus benefits, for further information see
what we offer.
Working time
Full time
Place of work
Frankfurt am Main, Germany
Closing date
21.05.2023
Your team
You will join the Market Infrastructure Support Division in the Directorate General Market Infrastructure and Payments. Our Directorate General has around 150 staff working to ensure that Europe’s financial markets can rely on safe and efficient market infrastructure. We strive to achieve this while embracing innovation and contributing to further European integration.
Our Division provides transversal services that support the Eurosystem’s TARGET Services (T2, T2S, TIPS and the upcoming ECMS). This includes testing new TARGET Services and releases, interacting with stakeholders and financial market participants and carrying out tasks associated with the second line of defence for TARGET Services (e.g. operational risk management, cyber resilience, information security, and compliance).
In your role as Market Infrastructure Specialist, you will be part of the Division’s Market Infrastructure and Payments (MIP) Compliance Team. This dynamic team of five members of staff is responsible for coordinating and monitoring the compliance of TARGET Services with the relevant laws, regulations and standards. It also coordinates the monitoring and follow-up of recommendations/requirements resulting from audits, oversight reviews and external examination exercises.
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 Market Infrastructure Specialist you will:
- provide the MIP Compliance Team with support in its role as qualified counterpart/ intermediary between market infrastructure regulatory bodies, ECB Oversight and the TARGET Services Operator;
- engage and collaborate with the TARGET Services Operator in all matters regarding compliance with oversight, regulatory and legal requirements/recommendations;
- foster a smooth exchange and treatment of personal data protection matters with the TARGET Services Operator, as well as with the ECB’s Data Protection Office.
The position offers you excellent opportunities to work in a dynamic environment and help increase the resilience of TARGET Services, one of the world’s largest financial market infrastructures. 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 law, finance, business administration, information technologies, economics or another relevant field (see How you can join us for details on degree equivalences);
- in addition to the above, a minimum of one year's experience (including traineeships) in the field of financial market infrastructures, either in (i) oversight, supervision or compliance monitoring and coordination or (ii) the monitoring and coordination of matters relating to the General Data Protection Regulation (GDPR);
- experience dealing with different stakeholders and working as part of a multidisciplinary and highly technical team;
- a good knowledge of compliance frameworks such as the Principles for Financial Market Infrastructures and/or the GDPR;
- 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 good understanding of one or more TARGET Services, and of the interdependency between these services and financial market participants at a European and global level;
- a certification in compliance-related matters, such as the GDPR (e.g. you are a certified DPO) or internal auditing (e.g. CIA, CISA).
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 formal title for this position will be Market Infrastructure Specialist.
For additional information on this specific vacancy, you can speak to the hiring manager, Wolfgang Köppel, on +491726693534 between 15:00 and 17:00 on Wednesday, 10 May 2023.
Application and selection process
The recruitment process for this position will be conducted remotely. It may include a pre-recorded video interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase – a written exercise, a presentation, and 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.
