Financial Stability Expert (ESCB/IO) - European Systemic Risk Board Secretariat

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 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.
Salary F/G (bracket 1 - step 1) full time monthly net salary: €6,595 plus benefits, for further information see what we offer.
Working time Full time
On-call? Yes
Place of work Frankfurt am Main, Germany
Closing date 12.05.2023
Your team
You will be part of the Secretariat of the European Systemic Risk Board (ESRB), a body of the European Union.
The ESRB brings together representatives from some 80 European institutions and independent experts worldwide. It is responsible for the macroprudential oversight of the EU financial system and thus contributes to preventing and mitigating systemic risk. It collects and analyses information on a broad range of financial institutions and markets, monitors macro-financial developments and issues warnings and recommendations to policymakers and supervisors.
The ESRB Secretariat is a business area of the European Central Bank (ECB). We provide analytical, statistical, logistical and administrative support to the ESRB. Our tasks include identifying and analysing systemic risk to the EU financial system, proposing macroprudential policies, assessing the macroprudential policies of EU Member States, preparing ESRB warnings/recommendations and monitoring their implementation, cooperating with supervisory and other macroprudential authorities, supporting ESRB working groups and preparing documents for meetings of the ESRB General Board.
The ESRB is looking for a Financial Stability Expert to work primarily on macroprudential topics related to central and bilateral clearing.
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:

• analyse developments in the financial sector, particularly with respect to central and bilateral clearing, to identify risks to financial stability in the EU, and draft policy notes highlighting these risks and proposing measures to address them;
• contribute to the ESRB Secretariat’s input into implementing and further developing the macroprudential policy framework in Europe;
• contribute to ESRB warnings and recommendations aimed at preventing or mitigating systemic risks;
• provide analytical and secretariat support to ESRB committees and working groups and represent the ESRB Secretariat in these forums;
• work closely with colleagues in the ESRB Secretariat and the ESRB community and establish strong working relationships with colleagues in other business areas of the ECB;
• engage with ESRB stakeholders to ensure open and effective communication across different authorities;
• contribute to the preparation of reports, papers and presentations.

The position offers you excellent opportunities to work at the heart of macroprudential policymaking in Europe and to interact with numerous 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, data science, law 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 specialising in financial stability analysis, financial market and/or market infrastructure and central clearing policies or supervision of central counterparties gained, for example, at a central bank, a supervisory authority or another institution represented in the ESRB or another international institution (e.g. the Organisation for Economic Co-operation and Development, the International Monetary Fund or the Bank for International Settlements);
• a sound understanding of the EU macroprudential framework, economics, central clearing, 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, according to the Common European Framework of Reference for Languages.

Desired:

• experience in advising decision-making bodies such as at a central bank, supervisory authority or international organisation;
• experience in interacting in multidisciplinary teams and supporting/coordinating international expert groups;
• experience in programming and/or analysing (large) datasets (e.g. R, Python or SQL).

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.
You are aware of your strengths and areas for development and know what motivates you to perform at your highest level.
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 24 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 arrange to speak to the hiring manager, Olaf Weeken, by sending an email to ESRBAdministration@ecb.int
Application and selection process
The recruitment process for this position will be conducted remotely. It will include a written exercise, a presentation and 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