Team Leads in On-site and Internal Model Inspections

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 31.12.2026
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 H (bracket 1 - step 1) full time monthly net salary: €9,033 plus benefits, for further information see what we offer.
Working time Full time
Place of work Frankfurt am Main, Germany
Closing date 27.11.2023
Your team
You will be part of the Directorate General On-site and Internal Model Inspections, which is currently seeking applicants for several temporary Team Lead positions.
Our Directorate General has approximately 300 members of staff and is responsible for defining and executing the on-site supervisory programme for banks supervised under the Single Supervisory Mechanism (SSM). This includes on-site inspections (OSIs), internal model investigations (IMIs) and asset quality reviews, which are carried out primarily at banks’ premises. We also develop and regularly update comprehensive methodologies for the various on-site activities, as well as contribute to the SSM’s training curriculum. This ensures harmonised approaches to the on-site assessment of SSM banks and contributes to the identification of risks and supervisory priorities.
The SSM 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.
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
Your role

As a Team Lead, you will:

• lead OSIs as Head of Mission or deputy Head of Mission, including at the premises of the SSM significant institutions, with a particular focus on non-financial risk topics (e.g. governance, capital, business model and profitability, IT, etc.);
• guide team members on a technical level with a view to building up subject matter expertise;
• support the professional development of team members, provide performance feedback and promote an inclusive, ethical and healthy working environment;
• act as the point of contact for inspection teams to ensure the quality and consistency of OSI reports;
• contribute to the ongoing monitoring of OSIs and IMIs to ensure that the agreed standards and regulatory requirements are applied consistently within the SSM;
• review and draft policy-related, methodological and operational documents (e.g. guidelines) and provide more junior colleagues with guidance on the application of supervision/oversight policy, methodologies and standards.

The tasks associated with the role of Team Lead may differ depending on the section to which the successful candidate is assigned.
Qualifications, experience and skills

Essential:

• a master’s degree or equivalent in business administration, economics, finance, accounting, political science, law, mathematics, statistics, physics, information technology or another relevant field (see How you can join us for details on degree equivalences);
• in addition to the above, a minimum of six years of relevant professional experience, e.g. in the field of risk analysis/assessment at a banking supervisory authority, a financial institution, an audit or consultancy company, a regulatory body and/or a central bank;
• professional experience in contributing to OSIs/IMIs or audits, and/or in-depth microprudential assessment of banking sector’s risks and challenges;
• a minimum of one year’s experience and at least two missions as Head of Mission in on-site supervision or a similar field, e.g. internal audit at a central bank, a supervisory authority, an audit company and/or a financial institution;
• willingness and availability to work at the premises of supervised banks in various countries, possibly for extended periods of time;
• sound understanding of European prudential regulation and international best practice.
• 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:

• communication and presentation skills gained in a multicultural environment, and the ability to engage with a range of internal and external stakeholders, including senior management and staff members;
• an advanced (C1) command of German, French, Italian and/or Spanish.

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 skilled at encouraging people to develop their abilities and are able to build up high-performing teams.
You are aware of your strengths and areas for development and know what motivates you to perform at your highest level.
Working modalities
We are looking for candidates who have extensive relevant experience and are willing to work at the premises of supervised banks, including for extended periods of time. Hybrid approaches that combine time spent working on-site in banks and remotely are fully embedded in our supervisory culture and are compliant with both the needs of the inspection teams and the ECB’s working policy. 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. You will be supported by an environment in which well-being and work-life balance are fostered.
Further information
The contract(s) offered will be short-term ESCB/IO, extendable to up to 36 months. Shorter or longer initial durations may be considered depending on specific organisational needs.
For additional information on this specific vacancy, you can speak to panel members Michiel le Comte on +4969134425196 and Nina Versnik Cemas on +491621341179 between 09:00 and 12:00 on the 6 November and between 09:00 and 12:00 on the 13 November.
Application and selection process
The recruitment process for this position will be conducted remotely. It will include 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 joining us.

Please refer the Job description for details