Senior Economist - External Developments

Analysis and Policy Advice

International & European Relations

10393

General Information
Type of contract Fixed-term contract, which may be extended subject to individual performance and organisational needs

Who can apply? EU nationals

Salary F/G (bracket 2 - step 1) full time monthly net salary: €6,032 plus benefits, for further information see what we offer.

Role specialisation International and European Relations

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 03.11.2024

Your team You will be part of the External Developments Division in the Directorate General International and European Relations. Our Division has 25 staff members who monitor and analyse economic conditions in non-EU countries, the global economic environment and international trade. We prepare macroeconomic forecasts for non-EU countries and the global economy and coordinate the international part of the ECB/Eurosystem staff projection exercise. We also conduct simulation and scenario analysis relating to the international environment, including global trade. We are currently analysing developments in systemic economies and drivers of structural change at the global level. Our research supports the ECB’s decision-making bodies and may feed into the documentation used by Executive Board members and senior managers at European and international meetings. The Division also acts as the primary contact for central banks and other institutions in non-EU countries.

In your role as Senior Economist, you will be part of a team of five responsible for monitoring, analysing and forecasting developments in advanced economies, with a special focus on the United States. The work includes developing and maintaining models to be used for forecasting and scenario analysis, as well as preparing briefing and conducting analytical studies on topical issues, including from a cross-country perspective. It will involve working closely with other colleagues across the division, as well as its senior management, and reporting to various committees and fora.

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 Senior Economist you will:

• steer the monitoring, analysis and forecasting of macroeconomic developments in advanced economies;
• contribute to developing and maintaining the modelling tools used in the Division for policy analysis, with an emphasis on designing and implementing model-based policy simulation scenarios;
• conduct analytical studies of an applied nature for the division’s regular and ad hoc policy contributions;
• prepare briefing material for international meetings, draft contributions for the ECB’s official publications (e.g. the Economic Bulletin, Financial Stability Report and Annual Report) and conduct analyses of policy-relevant issues;
• establish and maintain contact with external counterparts with the aim of exchanging views;
• present policy analysis and studies to internal and external committees and fora.

For this role we are seeking candidates who demonstrate the potential for growth, and we will support the selected candidate in their development of the required skills.

The position offers you excellent opportunities to develop macroeconomic modelling tools and apply them to the analysis of topical issues (e.g. understanding drivers of structural changes in key, systemically relevant economies). You will work in close collaboration with the management team and interact with other business areas within the ECB, as well as national central banks and international organisations (such as the International Monetary Fund and World Bank). 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 seven years’ professional experience at the level of an economist working in the field of international macroeconomic analysis and policy (or a PhD in a relevant field plus three years’ professional experience at the level of an economist);
• professional experience gained at a central bank or an international institution;
• a track record developing and using macro models, including multi-country models, for policy simulations and spillover analysis;
• expert knowledge of econometric software such as MATLAB, STATA, Julia or Dynare;
• professional experience in conducting policy-relevant analysis to support the preparation of briefings and policy positions;
• experience using state-of-the-art econometric techniques applied to policy questions;
• excellent presentation and communication skills;
• 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 PhD in economics, finance or another relevant field.

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 fixed-term, the appointment being until 31 August 2027.

Temporary appointments may be extended or made permanent subject to organisational needs and budgetary constraints. This may result in a staff member with a non-convertible fixed-term contract being offered a convertible contract in accordance with the ECB Conditions of Employment.

For additional information on this specific vacancy, you can speak to the hiring manager, Maria Grazia Attinasi, on +49 172 2504037 between 11:00 and 12:00 on Friday, 18 October.

Application and selection process The recruitment process for this position will be conducted remotely. It will include a written exercise, a presentation 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.