Supervision Analysts (ESCB/IO) – 2027 EU-wide Stress Tests (Horizontal Line Supervision Team)

Join the Stress Test Experts (STE) Division in the Directorate General Horizontal Line Supervision as a Supervision Analyst, contributing to the 2027 EU-wide stress tests.

Your team

You will be part of the Stress Test Experts (STE) Division in the Directorate General Horizontal Line Supervision. Our Directorate General provides expertise on horizontal risk and other overarching matters relating to banking supervision. It works in close collaboration with other business areas to support risk-based, forward-looking supervision. The STE Division has around 45 staff providing scenario-based and sensitivity stress-testing analyses to the Joint Supervisory Teams (JSTs). In our Division, we coordinate and implement the ECB’s contribution to the EU-wide stress tests initiated by the European Banking Authority (EBA) and we run the ECB’s regular annual stress tests as well as its biennial thematic stress tests. We are currently working on preparing for the EU-wide stress tests to be conducted in the first half of 2027.

We are seeking applicants to fill a number of positions in the STE Division, specifically within the horizontal quality assurance team, the Project Management Office (PMO), and the data analytics and infrastructure team.

• In your role as a member of the horizontal quality assurance team, you will contribute to ensuring the quality of banks’ bottom-up projections during the 2027 EU-wide stress test. Your responsibilities will include performing peer benchmarking analyses, assessing compliance with the EBA’s stress test methodology, and analysing key drivers behind stress test results. You will engage and collaborate with stakeholders across the ECB, as well as with supervised banks on specific issues and results, while working closely with JSTs and risk experts to deliver high-quality supervisory assessments.
• In your role as a member of the PMO, you will help coordinate and support the delivery of the 2027 EU-wide stress test. Your tasks will include assisting with the planning, execution and governance of the exercise, while ensuring effective communication and collaboration among key stakeholders. You will work closely with JSTs and governing bodies for stress tests to ensure the smooth and successful implementation of this critical initiative.
• In your role as a member of the data analytics and infrastructure team, you will play a vital role in managing the ECB’s stress test IT infrastructure to support the 2027 EU-wide stress test. This will involve ensuring the smooth operation of data systems, providing technical support and maintaining infrastructure stability throughout the exercise. You will engage with stakeholders across the ECB, including counterparts from the Directorate General Information Systems (DG/IS) and Directorate General Macroprudential Policy and Financial Stability (DG/MF), to deliver seamless infrastructure support.

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

Your role

As a Supervision Analyst and depending on the team to which you are allocated, you will:

• review the data quality and methodological compliance of banks’ submissions in a specific risk area (e.g. credit risk, market risk or operational risk), ensuring that such submissions are sufficiently conservative;
• develop and implement quality-assurance methods, such as peer benchmarking, to assess and enhance the reliability of stress test data;
• identify the key drivers of stress test results and vulnerabilities both for individual banks and horizontally;
• conduct horizontal analyses of stress test results and quality assurance findings to identify trends and risks;
• ensure a level playing field for the stress-testing exercises by providing a holistic, horizontal view across risks, banks and geographies;
• prepare the internal and public communications on the stress test;
• review drafts and prepare materials that support the stress test governing bodies;
• engage and collaborate with all stakeholders involved in the stress-testing process.

The position offers you excellent opportunities to contribute to financial stability within Europe and to learn from some of the leading experts in the field of microprudential stress testing and policy impact assessment.

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 economics, finance, business administration, accountancy, statistics, econometrics, mathematics, physics, engineering or another relevant field;
• in addition to the above, two or more years of professional experience (other than as a trainee or intern) in central banking, banking supervision, finance, consulting, auditing or working for an international organisation;
• a sound understanding of the functioning of credit institutions, the Single Rulebook, risk management or auditing;
• advanced knowledge of one or more programming languages or statistical or econometric software packages (such as Python, R, SQL, Stata and/or MATLAB);
• 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 master’s degree or equivalent in economics, finance, business administration, accountancy, statistics, econometrics, mathematics, physics, engineering or another relevant field;
• strong analytical, conceptual and quantitative skills;
• knowledge of stress-testing methodologies and/or relevant accounting frameworks (e.g. IFRS 9) or regulations (e.g. the Capital Requirements Regulation);
• experience in banking supervision in the context of the SSM.

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.

Working modalities

On-site presence in the ECB’s Frankfurt headquarters may be required for selected weeks during certain key phases of the project. Working for European banking supervision involves spending short periods of time abroad for on-site visits or training. This important part of our work 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.

Further information

The contract(s) offered will be short-term ESCB/IO contracts, with the appointment being for six to eight months as of the exact starting date of the selected candidate, extendable to up to 36 months. Candidates must have a contract of employment with their home institution for a period of at least one year beyond the duration of the ECB contract being offered.