Supervisors in On-site and Internal Model Inspections (ESCB/IO)

Banking Supervision & Entities Oversight
On-site & Internal Model Inspections
8895
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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 31.12.2026

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 within the framework of the Eurosystem

Salary F/G (bracket 1 - step 1) full time monthly net salary: €6,909 plus benefits, for further information see what we offer.

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 27.11.2023

Your team

You will be part of the Directorate General On-site and Internal Model Inspections, which is currently seeking applicants for several temporary Supervisor positions. 

Our Directorate General has approximately 300 members of staff and is responsible for defining and executing the on-site supervisory programme for banks supervised under the Single Supervisory Mechanism (SSM). This includes on-site inspections (OSIs), internal model investigations (IMIs) and asset quality reviews , which are carried out primarily at banks’ premises. We also develop and regularly update  comprehensive methodologies for the various on-site activities, as well as contribute to the SSM’s training curriculum. This ensures harmonised approaches to the on-site assessment of SSM banks and contributes to the identification of risks, supervisory priorities and other horizontal activities . 

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 Supervisor, you will:
  • participate in OSIs and IMIs, primarily at the premises of the SSM significant institutions;
  • act as the point of contact for inspection teams to ensure the quality and consistency of OSI reports;
  • work in close contact with national competent authorities, Joint Supervisory Teams and ECB horizontal functions, building up  technical expertise on a diversified set of risks  (e.g. in relation to business model and emerging risks (e.g digital transformation), governance, capital, IT, etc.) and a wide range of other topics (e.g. internal models, asset quality reviews, capital adequacy and inspection planning);
  • provide deliverables (including 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/oversight policy, methodologies and standards, and contribute to the development of regulatory standards and interpretations in corresponding international fora and working groups;
  • optimise, manage and integrate processes and tools to support efficient and effective OSIs within the SSM; 
  • engage with various stakeholders, both within and outside the ECB.

The tasks associated with the role of Supervisor may differ depending on the section to which the successful candidate is assigned.

Qualifications, experience and skills

Essential:
  • a master’s degree or equivalent in business administration, economics, finance, accounting, political science, law, mathematics, statistics, 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 three years of relevant professional experience, e.g. in the field of risk analysis/assessment at a banking supervisory authority, a financial institution, an audit or consultancy company, a regulatory body and/or a central bank;
  • professional experience in contributing to OSIs/IMIs or audits, and/or in-depth microprudential assessments of the banking sector’s risks and challenges;
  • willingness and availability  to  work at the premises of supervised banks in various countries, possibly for extended periods of time ; 
  • sound understanding of European prudential regulation and international best practice;
  • 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:
  • communication and presentation skills gained in a multicultural environment, and the ability to engage with a range of internal and external stakeholders, including senior management and staff members;
  • practical experience with different on-site inspection methodologies and techniques;
  • an advanced (C1) command of German, French, Italian and/or Spanish; 
  • for one of the positions, strong quantitative skills and/or practical experience analysing large-scale datasets.

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 aware of your strengths and areas for development and know what motivates you to perform at your highest level.

Working modalities

We are looking for candidates who have relevant experience and are willing to work at the premises of supervised banks, including for extended periods of time. Hybrid approaches that combine time spent working on-site in banks and remotely are therefore fully embedded in our supervisory culture and are compliant with both the needs of the inspection teams and the ECB’s working policy. 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 . You will be supported by an environment in which well-being and work-life balance are fostered. 

Further information

The contract(s) offered will be short-term ESCB/IO, extendable to up to 36 months. Shorter or longer initial durations may be considered depending on specific organisational needs.

For additional information on this specific vacancy, you can speak to panel members Margit Lang, on +496913446279 and Piotr Zboromirski on +496913448702

Application and selection process

The recruitment process for this position will be conducted remotely. It will include 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.

Find out how to apply for a position at the ECB. 

Read more about joining us.