Supervision Analysts in On-site and Internal Model Inspections

Banking Supervision & Entities Oversight
On-site & Internal Model Inspections
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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 12.06.2023

Your team

Since 2014, the ECB has been undertaking the responsibility for conducting the supervision of significant institutions in Europe (111 supervised entities as of February 2023). This occurs through the Single Supervisory Mechanism (SSM) where the 20 participating national supervisory authorities take part to the decision making through the Supervisory Board of the ECB. 

The first-line banking supervision under the SSM involves three main complementary and coordinated activities organised under several general directorates at ECB: (i) the vertical line, which concerns the off-site supervision of bank portfolios by joint supervisory teams; (ii) the horizontal line, which provides transversal assessments and benchmarking across the banking sector; and (iii) the on-site inspections and internal model investigations, providing in-depth supervision on focused risks, looking at them on a bank-by-bank basis. 

The following vacancy concentrates on the third leg covered by the Directorate General on on-site inspections and internal models investigations (DG-OMI) which is seeking applicants for several Supervision Analyst positions. The core business of DG-OMI is to perform in-depth assessments on focused risks and issues at individual banks. For each bank’s specific assessment, a mission team is selected led by a Head of mission. Two types of missions are conducted:(i) on-site inspections (OSI), which take an in-depth look at risks such as credit risk, market risk, drivers of profitability, IT, digitalisation and climate risk, and (ii) internal model investigations (IMI), which assess the compliance of internal models used by banks to measure their risks and corresponding capital requirements. OSIs and IMIs performed at DG-OMI are conducted primarily at the bank’s premises. 

The inspection and investigation teams are composed of colleagues stemming from ECB and from National Competent Authorities of the SSM. DG-OMI also coordinates the planning and execution of the on-site supervisory programme. It develops and maintains comprehensive on-site methodologies for inspections, internal model investigations and asset quality reviews. It ensures harmonised on-site approaches for the assessment of SSM banks and contributes to the identification of risks and supervisory priorities. 

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 Supervision Analyst, you will:
  • contribute as mission team member to IMIs or OSIs including at the premises of the SSM banks; 
  • produce high-quality and consistent supervisory assessments for inspection reports;  
  • build subject matter expertise in selected areas from a diversified set of risks (e.g. related to business model and digital transformation, governance and risk management, IT risk, credit risk, market risk, counterparty credit risk, operational risk, liquidity risk and also emerging risks like for example climate risk...) and a wide range of topics (e.g. internal models, asset quality reviews, capital adequacy and inspection planning), in close contact with national competent authorities, joint supervisory teams and ECB horizontal functions;
  • provide deliverables (including for the preparation of inspection reports), implement standards, contribute to the enforcement of regulatory requirements and assess banks’ performance and risks;
  • draft policy-related, methodological and operational documents (e.g. guidelines), work with more senior colleagues on the application of supervision or oversight policy, methodology and standards, as well as contribute to the development of regulatory standards and interpretations in corresponding international fora and working groups. 

The tasks and required specific areas of expertise associated with the role of Supervision Analyst may differ depending on which team the successful candidate is selected for. However, for almost all positions advertised in this vacancy notice, the primary focus is to contribute and actively participate in OSIs or IMIs, including at the premises of the SSM significant institutions. This requires frequent travelling to different countries for consecutive and extended periods of time.

This position offers you excellent opportunities to work as a junior on-site inspector, analyse topical issues relating to prudential supervision and, gain direct insights into the practices of significant institutions and discuss the results of your analysis both internally and with the supervised institutions. 

As a Supervision Analyst in DG-OMI, you will also start applying a mix of inspection techniques, dealing with key supervisory processes and a multi-stakeholder environment in mixed teams composed of colleagues from ECB and national competent authorities participating to the SSM. You will also have the opportunity to strengthen your ability to think analytically and challenge constructively, with a focus on results, teamwork, cooperation and communication.

We are seeking candidates for these roles who demonstrate the potential for growth, and we will support the selected candidates in their future development of the required knowledge, skills and competencies. You will be part of a multicultural team that strives to make a positive impact on the life of European citizens.

Qualifications, experience and skills

  • a bachelor’s degree or equivalent in business administration, economics, finance, accounting, political science, law, mathematics, physics, information technology 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 of relevant experience (incl. as a trainee), e.g. in the field of risk analysis/assessment at a banking supervisory authority and/or at a financial institution, audit or consultancy company, and/or at a regulatory/oversight body, and/or a central bank gained through internal or external roles and/or positions; 
  • availability and commitment to regularly go on-site at the premises of the inspected banks in various countries and possibly for extended periods of time; 
  • proven ability to summarise and explain complex topics in a clear and concise manner, including in business writing;
  • for applicants with a focus on quantitative missions (e.g. internal models, credit or market risk), proven coding and data management skills;
  • 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.

  • a master’s degree in a relevant field such as business administration, economics, finance, accounting, political science, law, mathematics, physics, information technology or another relevant field (see How you can join us for details on degree equivalences);
  • experience managing multiple and international stakeholders, tasks or processes;
  • recent experience in banking supervision in the context of the Single Supervisory Mechanism;
  • a sound understanding of European prudential regulation and/or proven quantitative skills in relation to internal models for credit, market, or counterparty risk;
  • an advanced (C1) command of German, French and/or Spanish will be an asset for applicants with a focus on internal models. 

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 objectives of this position.

Working modalities

Working for European banking supervision involves regularly spending extended periods of time in banks for on-site missions. Nevertheless, hybrid approaches alternating time spent on-site in banks and remotely are fully embedded in our on-site supervisory culture. These hybrid approaches are compliant with the needs of the on-site teams and the ECB policies. This is complemented by an environment in which well-being and a good work-life balance are fostered. Playing a role in European banking supervision also 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.

We would be happy to discuss a part-time arrangement for these roles.

Further information For additional information on this specific vacancy, you can speak to the chair of the selection committee, Matthias Mikosek, +49 152 5305 5149 on 26 May 2023 between 14:00 and 15:00 or on 31 May 2023 between 14:00 and 15:00.

Application and selection process

The recruitment process for this position will be conducted remotely. It will 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 and a presentation in addition to the 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.

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