Supervisor in the Business Model, Capital and Crisis Division (ESCB/IO)

at  The European Central Bank

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 30.06.2024
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.
Salary F/G (bracket 1 - step 1) full time monthly net salary: €6,595 plus benefits, for further information see what we offer.
Role specialisation Crisis Management
Working time Full time
Place of work Frankfurt am Main, Germany
Closing date 16.05.2023
Your team
You will be part of the Business Model, Capital and Crisis Division in the Directorate General Horizontal Line Supervision. Our Directorate General has around 270 staff providing expertise on horizontal risk and subjects relating to banking supervision. We are currently working on matters relating to financial and non-financial risks, crisis management and supervisory policy, amongst others.
The Division supports and contributes to firm-specific action by Joint Supervisory Teams (JSTs), who carry out the direct supervision of banks under the Single Supervisory Mechanism. This involves defining and promoting the execution of horizontal assessments focusing on viability, sustainability, recoverability and resolvability matters. We also provide expertise in capital planning and internal capital adequacy assessment processes, as well as guidance on the crisis management framework and toolkits to be implemented in crisis situations.
In your role as Supervisor, you will be part of a team that is responsible for providing subject matter expertise on crisis management topics, with a special focus on recovery planning and resolution.
The Single Supervisory Mechanism is the system of banking supervision in Europe. It comprises the ECB and the national supervisory authorities of the participating countries.
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 Supervisor in the Business Model, Capital and Crisis Division, you will:

• support JSTs on topics related to recovery planning and resolution (i.e. MREL, resolution plan consultations, etc.);
• engage, collaborateand coordinate with JSTs and other relevant stakeholders, establishing good working relationships with all parties;
• provide expert analysis and input on crisis management for banks;
• contribute positively to staff morale and support the Division as a whole;
• coordinate projects with diverse stakeholders within expert groups and national central bank networks, as well as within other divisions across the ECB.

We are seeking candidates for this role who demonstrate the potential for growth, and we will support the selected candidate(s) in their future development of the required knowledge, skills or competencies.
The position offers you excellent opportunities to work in a dynamic, fast-paced environment and to contribute to the orderly functioning of the European banking system. 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, business administration, finance or another relevant field (see How you can join us for details on degree equivalences);
• in addition to the above, a minimum of five years’ professional experience in the field of banking supervision;
• sound understanding of the Bank Recovery and Resolution Directive in relation to recovery planning, early intervention measures, the concept of “failing or likely to fail” and resolution-related topics;
• 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:

• practical experience in recovery plan assessments and resolution plan consultation processes;
• experience with horizontal analysis (e.g. peer comparisons);
• sound understanding of banks’ balance sheets, profit and loss statements and financial projections.

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.
Working modalities
Working for European banking supervision involves spending short periods of time abroad for on-site visits or training. This important part of our work is complemented by an environment in which well-being and a good work-life balance are fostered. Playing a role in European banking supervision also entails collaborating in multinational and multicultural teams and operating in the context of different national frameworks, for which a strong ability to use different EU languages for business purposes is an asset.
We would be happy to discuss a part-time arrangement for this role.
Further information
The contract(s) 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, Stefan Wilmink, on +49 (0)16 2213 2695 from Monday to Friday between 9:00 and 17:00 up to the application closing date.
Application and selection process
The recruitment process for this position will be conducted remotely. It will include a presentation and online interviews.
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 joining us.

Please refer the Job description for details