Financial Stability Experts (ESCB/IO)

Financial Stability Experts (ESCB/IO)

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 31.07.2028

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

Your team

You will be part of the European Systemic Risk Board (ESRB), the ECB business area that provides analytical, statistical, logistical and administrative support to the ESRB. The ESRB is responsible for the macroprudential oversight of the EU financial system and the prevention and mitigation of systemic risk. The ESRB therefore has a broad remit, covering banks, insurers, asset managers, shadow banks, financial market infrastructures and other financial institutions and markets. In pursuit of its macroprudential mandate, the ESRB assesses systemic risks and, where appropriate, issues warnings and recommendations. It also has a broad membership, with representatives from 80 different European institutions, including central banks and supervisory authorities.

You will be part of a team responsible for analysing systemic risks to the EU financial system and assessing macroprudential policies put forward by EU Member States, as well as preparing warnings and recommendations and monitoring their implementation.

Your role

As a Financial Stability Expert, you will:

• taking a system-wide approach, identify and assess risks and vulnerabilities that threaten financial stability in the EU and consider measures to tackle them;
• contribute to the ESRB Secretariat’s work on developing its analytical toolkit and participate in preparing reports, papers and presentations;
• help prepare ESRB warnings and recommendations aimed at preventing and/or mitigating systemic risk, and monitor their implementation;
• provide analytical and secretariat support to ESRB committees and other substructures and represent the ESRB Secretariat in these fora;
• work closely with your colleagues in the ESRB Secretariat and establish strong working relationships with colleagues in other ECB business areas;
• engage with the wider ESRB community, including supervisory authorities and central banks, and work with stakeholders to ensure open and effective communication between different authorities.

The position offers you excellent opportunities to work at the heart of macroprudential policymaking in Europe and to interact with numerous stakeholders. 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 master’s degree or equivalent in economics, finance, or another relevant field;
• in addition to the above, a minimum of four years’ professional experience (other than as an intern) in financial stability analysis, financial market policies or financial supervision (micro- or macroprudential);
• experience working at a central bank, a supervisory authority, another ESRB institution or another international institution (e.g. the OECD, the IMF or the BIS);
• a sound understanding of the EU macroprudential framework, financial institutions, financial markets and financial regulation;
• 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:

• experience working on top-down stress testing and model development;
• sound skills in Python and/or other programming languages, such as MATLAB, R, Stata or SQL;
• experience working with granular statistical and regulatory datasets related to the financial system;
• experience of working in international expert groups and/or supporting or coordinating such groups.

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 be part of our team and to develop and use your skills and competencies to achieve the aims of this position. You are aware of your strengths and areas for development and know what motivates you to perform at your highest level.

Working modalities

We would be happy to discuss a part-time arrangement for this role.

Further information

The contract offered will be short-term ESCB/IO, the appointment being for 24 months as of the exact starting date of the selected person, 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.

For additional information on this specific vacancy, you can arrange to speak to the hiring manager, Olaf Weeken, by sending an email to esrbsecretariat@ecb.europa.eu