ESCB/IO Financial Markets Expert DGM/MSI

Financial Markets Expert (ESCB/IO) – Market Operations Solutions and Innovation (DGM/MSI)

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 15.06.2027

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

On-call? Yes

Shift? Yes

Closing date 22.04.2026

Your team

You will be part of the Market Operations Solutions and Innovation Division in the Directorate General Market Operations. Our Directorate General prepares the monetary policy and foreign exchange operations of the Eurosystem, executing those which are centralised and coordinating those which are decentralised. We manage the ECB’s foreign exchange reserves and own funds, and develop and maintain the framework for all financial market-related activities. We also maintain relationships with financial market participants, central banks and public institutions and monitor and analyse market developments relevant to the conduct of market operations.

The Market Operations Solutions and Innovation Division has around 35-40 members of staff providing a wide range of services related to the systems used in the ECB’s monetary policy and portfolio management operations and leads the way in advancing technology for our Directorate General, with a focus on innovation. These services include functional support and configuration management, project management, software test management, data analytics, supplier relations, end-user support and training, and client liaison. We work closely with other divisions in our Directorate General, with other ECB business areas and with national central banks.

You will join the Market Operations Business Solutions and Data Management team, directly supporting the ECB’s treasury management system (TMS).

Your role

As Financial Markets Expert supporting the TMS, you will:

• provide functional support to all users of the ECB’s TMS, investigating and following up on any issues reported by them and liaising with both the IT department and the system vendor;
• establish and maintain the static data required for the various portfolios and operations managed internally by the ECB and the Eurosystem in the context of foreign reserve management, monetary policy asset purchase programmes and fiscal agent services for EU institutions;
• establish and maintain portfolios and instruments, the sets of counterparties, issuers and other third parties, reports, limits, eligibilities and compliance checks;
• provide daily monitoring and maintenance of the TMS, ensuring that start-of-day and end-of-day processes are properly executed, following up on any errors logged in these processes, investigating underlying reasons and addressing them in a timely manner, and ensuring that securities purchased under the asset-backed securities purchase programme are properly maintained.

In addition to these regular tasks, you may be involved in:

• contributing to or coordinating the implementation new business requirements (e.g. new currencies, new instrument types) in the TMS and ensuring collaboration with the business areas involved;
• contributing to TMS maintenance and project activities, which include maintaining the related configuration, preparing and running test material and implementing solutions in production, all in close cooperation with colleagues from other business areas;
• drafting communication documents for the user community, work procedures, system documentation and training material, and contributing to regular reports to Eurosystem working groups;
• python scripting, data querying and analysis using SQL, and reporting of data in a clear and visually compelling manner.

The position offers you excellent opportunities to understand the interactions and dependencies among business areas at the ECB and national central banks, and to gain a detailed insight into financial instruments as well as the testing and project management of systems relevant for market operations and monetary policy. 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, business administration, STEM (science, technology, engineering and mathematics) or another relevant field;
• in addition to the above, a minimum of four years’ professional experience in front/middle/back-office operations or financial accounting, or with treasury management systems in functional support, portfolio management, risk management, settlement or financial accounting;
• practical experience in carrying out complex functional configuration work and implementing business requirements in treasury management systems, such as the Wallstreet Suite treasury management system;
• a sound understanding of financial instruments and markets (fixed income and related derivatives), structured finance (e.g. asset-backed securities) and forex instruments;
• professional experience with financial market data systems, such as LSEG Workspace (formerly Refinitiv Eikon) or Bloomberg;
• an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU.

Desired:

• programming experience with languages such as Python.

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 use your skills and competencies to achieve the objectives 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

To enable the Division to maintain its business continuity capability, you will occasionally be expected to perform work during non-standard working hours and work at the ECB’s standby sites. We would be happy to discuss part-time arrangements for this position.

Further information

The contract offered will be short-term ESCB/IO, the appointment being for 12 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.