Organization: European Central Bank (ECB)
City: Frankfurt, Germany
Office: ECB Frankfurt
Closing date: Thursday, 22 October 2020
You will be part of the Quantitative Risk Analysis Section of the SSM Risk Analysis Division in the Directorate General Microprudential Supervision IV. The Single Supervisory Mechanism (SSM) is the system of banking supervision in Europe. It comprises the ECB and the national supervisory authorities of the participating countries. The SSM Risk Analysis Division and its Quantitative Risk Analysis Section monitor changes in the overall risk environment for banks, conducting in-depth analyses that cover a broad range of risk categories and topics. We raise issues where necessary and support the Joint Supervisory Teams in their supervisory activities. We regularly conduct microprudential stress tests and support other units by identifying and analysing trends, developments and emerging risks affecting multiple banks for further supervisory review. In addition, we conduct regular reviews of credit institutions‘ performance and risk profiles -‘ including horizontal analyses of exposures to certain types of risks or events -‘ as well as broader microprudential analyses and research on the banking sector. We are seeking applicants to fill Supervisor positions in the horizontal risk analysis team. 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 your gender, gender identity, ethnicity, sexual orientation, age, religion, disability or other characteristics.
As a Supervisor in horizontal risk analysis, you will work on one or more of the following tasks:
conducting horizontal analyses of stress test results and quality assurance findings, identifying key drivers and producing the relevant reports;
identifying and explaining, on the basis of stress test and other data, risks and vulnerabilities of a horizontal nature;
ensuring a level playing field for the stress-testing exercises by providing a horizontal view across risks.
In this role, you will:
provide input and prepare materials to support the decision-making process;
represent the SSM Risk Analysis Division in internal and external meetings;
Tags banking data analysis data processing impact assessment risk analysis tableau
form part of a high-performing team of experts.
The position offers you a unique opportunity to contribute to financial stability in Europe and to learn from some of the leading experts in the field of system-wide banking sector stress testing and microprudential policy impact assessment. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.
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. For additional information on this specific vacancy, you can speak to the hiring manager, Demelza Jurcevic, on +49 17 2147 2194 between 15.00 and 17.00 on Monday, 12 October. The recruitment process for this position will include an online interview via WebEx. Please note that as part of a system change over process we tentatively expect to take the recruitment system offline as of Friday morning 16 October until early on Tuesday 20 October. Please therefore use the time available prior to this system downtime to complete your application.
a master’s degree or equivalent in economics, finance, business administration, accountancy, statistics or another relevant field (for details on degree equivalences, https://www.ecb.europa.eu/careers/before-you-apply/html/index.en.html);
three or more years of professional experience in the analysis of stress-testing data, gained at a regulatory authority, supervisory/competent authority, financial institution, international organisation or top-tier consultancy firm;
a sound knowledge of stress-testing methodologies;
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, https://www.coe.int/en/web/common-european-framework-reference-languages/table-1-cefr-3.3-common-reference-levels-global-scale.
professional experience in the quality assurance of banks‘ bottom-up stress test calculations, peer benchmarking, horizontal data analysis, data processing, and creation of reports using databases;
experience in the development, implementation or validation of stress-testing models;
knowledge of relevant accounting frameworks (e.g. IFRS 9) and regulations (e.g. the Capital Requirements Regulation) and advanced programming skills (incl. knowledge of Tableau).
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 work with colleagues from all over Europe.
Playing a role in European banking supervision 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.
Applications are to be made in English and submitted using our online application form. An ‚Applicants‘ Guide‘ can be downloaded from our recruitment pages.
The recruitment process may include a pre-screening exercise, a written exercise, a presentation and interviews.
This vacancy is specifically for members of staff of ESCB institutions and international organisations who are not already working at the ECB on a fixed-term or permanent contract, in order to foster collaboration within the ESCB and other international organisation. An applicant’s current employer should be: (i) the national central bank of an EU Member State; or (ii) a European or international institution (e. g. the BIS, EBRD or IMF). Selected candidates are seconded to the ECB by their current employer and must have a contract of employment with their current institution ending at least one year after the end of the proposed period of employment at the ECB.
Applications are accepted from nationals of Member States of the European Union.
Applicants are encouraged to discuss their interest in being seconded to the ECB with their line management prior to applying.
Further information on the ECB’s Conditions of Employment for short-term positions can be found at https://www.ecb.europa.eu/careers/what-we-offer/contract/escb/html/index.en.html
The requirements laid down in the vacancy notice must be met by the closing date for applications.
This vacancy notice may be used to fill the same position again, or similar positions, within 12 months of the selection decision.