General Information
Type of contract Fixed-term contract, which may be extended subject to individual performance and organisational needs
Contract end date 30.06.2025
Who can apply? EU nationals
Salary F/G (bracket 1 - step 1) full time monthly net salary: €5,191 plus benefits, for further information see what we offer.
Working time Full time
Place of work Frankfurt am Main, Germany
Closing date 16.03.2023
Your team
You will join the Market Infrastructure Support Division in the Directorate General Market Infrastructure and Payments. Our Directorate General has around 150 staff, who seek to ensure that Europe’s financial markets can rely on safe and efficient market infrastructure, while embracing innovation and contributing to further European integration.
The Market Infrastructure Support Division provides transversal services supporting the ECB’s TARGET services (TARGET, T2S, TIPS and the ECMS). This includes the testing of new systems and releases, interaction with stakeholders and financial market participants, and tasks relating to the second line of defence for TARGET services (e.g. operational risk management, cyber resilience, information security and compliance).
You will be part of a dynamic team of approximately seven people that is responsible for implementing the second line of defence for TARGET services, working closely with experts from the four national central banks that provide services in relation to TARGET infrastructure (the Banque de France, the Banco de España, the Deutsche Bundesbank and the Banca d’Italia). That team establishes both general and more specific risk management frameworks (e.g. in relation to information security), monitors relevant operational activities in the first line of defence, and reviews operational risk management (including risk mitigation measures). It reports independently to the Market Infrastructure Board, which is responsible for steering TARGET services and ensuring that they function smoothly.
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 Market Infrastructure Expert, you will:

• help to maintain and implement the operational risk management framework for TARGET services;
• contribute to the maintenance and implementation of a specialised cyber resilience and information security framework for TARGET services;
• help to provide a second line opinion on the security of TARGET services, including the ECMS;
• help to provide a holistic risk assessment covering all TARGET services;
• review risk management activities and risk mitigation measures in the first line;
• contribute to independent risk assessments evaluating activities in the first line;
• contribute to compliance activities carried out in the second line – e.g. coordinating activities, following up on recommendations by the overseer and/or external examiners, or documenting TARGET services’ compliance with the General Data Protection Regulation (GDPR).

This position will offer excellent opportunities to work in a dynamic environment and help to increase the resilience of one of the world’s largest 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, mathematics, engineering, physics, computer science or another relevant field (click here for details on degree equivalences);
• in addition to the above, at least three years’ experience in the area of IT security or cyber resilience, performing or reviewing (i) IT security risk assessments, (ii) operational risk management activities and/or (iii) compliance-related activities (e.g. checking that systems and/or services comply with regulations, security requirements, etc.) for financial market infrastructures or financial institutions in the context of the first, second or third line (internal audit);
• a good knowledge of standards and guidelines relating to cyber resilience, information security, business continuity and risk management (e.g. the ISO 27000 and ISO 31000 families and/or the COSO framework);
• the ability to deliver results within tight time frames, manage multiple assignments simultaneously and prioritise tasks appropriately;
• a proven ability to present subject matters in your area of expertise to internal and external audiences in a clear and concise manner;
• 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 good understanding of one or more TARGET services and the interdependencies between those services and financial market participants at European and global level;
• a good understanding of the functioning of collateral management systems;
• a good understanding of the Eurosystem’s Cyber Resilience Oversight Expectations;
• a good understanding of compliance frameworks such as the Principles for Financial Market Infrastructures (PFMIs) or GDPR;
• certification in relation to information security (CISSP, ISO 27001, etc.), project management (PRINCE2, PM2, etc.), risk management (e.g. Management of Risk Foundation/Practitioner), GDPR (e.g. certified DPO or IPP), risk and information systems control (CRISC), information security management (CISM), auditing of information systems (CISA) or internal auditing (CIA).

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 develop and use your skills and competencies to achieve the objectives 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 for 24 months as of the exact starting date of the selected person.
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, Wolfgang Köppel, on +49 1726693534 between 15:00 and 17:00 on Tuesday, 7 March 2023.
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 joining us.

Please refer the Job description for details