Financial Stability Expert (ESCB/IO) - Systemic Risk & Financial Institutions

Analysis and Policy Advice

Macroprudential Policy & Financial Stability

10542

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 31.12.2025

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.

Role specialisation FinancialStability&MacroprudentialPolicy

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 19.09.2024

Your team You will be part of the Systemic Risk and Financial Institutions Division in the Directorate General Macroprudential Policy and Financial Stability.

The Division, which currently comprises around 20 permanent staff, is responsible for systemic risk surveillance, with a strong focus on the euro area banking sector. It coordinates the production of the Financial Stability Review, the ECB’s key financial stability publication. It also oversees macroprudential policy for systemic banks, providing empirically grounded advice on the activation and calibration of macroprudential capital buffers for the large and interconnected banks in the euro area. It works closely with the four other divisions in the Directorate General (Financial Regulation and Policy, Stress Test Modelling, Macroprudential Policy and Market-based Finance) as well as staff across the ECB, the Eurosystem and beyond.

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 Financial Stability Expert, you will:

• contribute to the identification and assessment of the main risks to financial stability in the euro area, with a focus on the banking system;
• participate in topical projects on financial stability issues, on both the macro-financial and the banking side, in cooperation with other ECB staff or other EU authorities;
• liaise with other stakeholders at the ECB and the member authorities of the Eurosystem and European System of Financial Supervision.

The position offers you excellent opportunities to contribute to cutting-edge analysis of euro area systemic risk surveillance in a collaborative working environment. 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 (see How you can join us for details on degree equivalences);
• in addition to the above, a minimum of three years’ professional experience (other than as a trainee or intern) in the field of financial stability, monetary policy or financial supervision;
• a profound knowledge of how macro-financial conditions can have a systemic impact on euro area banks and the broader financial system;
• professional experience in using large granular datasets for financial stability surveillance;
• a track record in drafting reports and policy notes for a senior management audience;
• 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 track record of publications in the field of financial stability, monetary policy or financial supervision.

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 our 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.

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.

For additional information on this specific vacancy, you can speak to the hiring manager, Maciej Grodzicki, on +49 (0)69 1344 5616 between 14:00 and 15:00 on Wednesday, 4 September.

Application and selection process The recruitment process for this position will be conducted remotely. It will include a written exercise 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 how you can join us.