Financial Stability Expert – European Systemic Risk Board Secretariat

The European Central Bank is seeking a Financial Stability Expert to join the Secretariat 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. This broad remit covers 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.

In this role, 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. You will focus on making assessments from a system-wide perspective, considering the macro-financial context as well as the cross-sectoral and cross-border linkages.

Your role

• Identify and analyse financial stability risks in EU Member States.
• Assess the macroprudential policies put forward by EU Member States.
• Develop monitoring and assessment tools that help identify risks and vulnerabilities across sectors and countries.
• Contribute to the development of tools to assess the macroprudential stance of a country.
• Support the preparation of ESRB warnings and recommendations.
• Engage with experts from central banks, supervisory authorities, EU institutions, international organisations and academia, as well as with industry stakeholders.
• Represent the ESRB Secretariat in expert groups and other fora.

We actively support professional development for our staff. Besides learning opportunities such as training and mentoring, we encourage and support horizontal mobility after some years in the same position.

The position offers excellent opportunities to work at the heart of macroprudential policymaking in Europe and to interact with numerous internal and external 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 or trainee, 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, such as 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.

Desired

• A demonstrated ability to prepare clear, well-structured reports and policy documents, tailored to a variety of audiences.
• Experience working with macro-financial statistical and regulatory datasets related to the financial system, including at the country level, and corresponding knowledge of programming languages.
• Experience working as a part of and/or supporting or coordinating international expert 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 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 the team and to develop and use your skills and competencies to achieve the aims of this position.

Working modalities

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

Contract

Fixed-term contract which may be converted into a permanent contract after three years subject to individual performance and organisational needs.