Oversight Expert (ESCB/IO) - Securities and Derivatives

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 31.10.2025
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 Infrastructure Oversight
Working time Full time
Place of work Frankfurt am Main, Germany
Closing date 09.09.2024
Your team
You will be part of the Securities and Derivatives Section in the Oversight Division of the Directorate General Market Infrastructure and Payments. Our Directorate General has 140 staff who work on ensuring that Europe’s financial markets can rely on a safe and efficient market infrastructure, while embracing innovation and contributing towards further European integration. Our responsibilities are threefold: we provide payment and securities settlement infrastructure under the TARGET Services brand; we work with the financial sector to promote innovation and the harmonisation of business practices across Europe; and we oversee financial market infrastructures and payments.
In your role as Oversight Expert, you will be part of the Securities and Derivatives Section, comprised of 16 members of staff. This Section is primarily responsible for the oversight of post-trade market infrastructures and the preparation of Eurosystem opinions in the context of activities related to central counterparties (CCPs) and central securities depositories (CSDs) that fall under the relevant EU regulations. The Section also contributes to post-trade related legislation by providing input on the ECB’s policy stance. As Oversight Expert, you will work closely with a variety of authorities, including national central banks, national competent authorities, the European Commission and the European Securities and Markets Authority, as well as being involved in certain industry engagement activities.
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 Oversight Expert you will:

• define oversight policies, frameworks, methodologies and procedures, coordinating inputs from various sources to ensure that strategic and diverse perspectives are taken into account;
• conduct assessments of CCPs and CSDs from a central bank of issue perspective;
• conduct risk analyses related to the functioning of financial market infrastructures while considering developments on the financial market, in new technologies, climate changes and other relevant external developments;
• contribute to work on EU legislative initiatives and provide support in drawing up the ECB’s policy stance on aspects related to post-trade financial infrastructures;
• cooperate with colleagues from other ECB business areas and counterparts in various European and international authorities, as well as represent the Oversight Division in various working groups and international fora;
• demonstrate and practise ECB values in your daily work and interactions with others; guiding, coaching and developing trainees and junior colleagues.

The position offers you excellent opportunities to work on a diverse range of topics related to the oversight of post-trade infrastructures. You will contribute to the ECB’s mandate of ensuring the safety of European financial market infrastructures. 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 finance, economics, business administration, 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 in one or more of the following fields: oversight, supervision, policy or operations related to financial market infrastructures or related entities;
• understanding of securities and derivatives markets, including their regulatory and supervisory setting;
• understanding of the financial system, the functioning of CCPs and CSDs and their interdependencies;
• understanding of the financial risk management of CCPs;
• 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:

• proven experience in conducting (risk) analysis in the field of financial market infrastructures;
• experience in drafting different types of written contributions as well as experience in presenting dossiers to varying audiences;
• experience of building and managing relationships with various stakeholders.

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 objectives of this position.
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, Beata Wróbel, on +49 172 348 5285.
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.

Please refer the Job description for details