Financial Risk Expert (ESCB/IO) - Risk Analysis

Finance & Economy Programme & Policy

Overview

Monitor and manage risks of corporate bonds in the Eurosystem.

You have:

• Master's degree or equivalent in finance, economics, mathematics, or another relevant field.
• Minimum of three years professional experience in financial risk management or market operations.
• Experience in developing, maintaining and implementing risk management frameworks for monetary policy portfolios or investment portfolios.
• Sound understanding of financial markets and instruments.
• Experience in drafting reports, briefings, analytical notes and policy proposals.
• Advanced programming skills in MATLAB and/or Python and a willingness to learn programming languages.
• Advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU.
• Experience in conducting credit and/or climate risk assessments of corporate bonds.

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 30.06.2026

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 F/G (bracket 1 - step 1) full time monthly net salary: €7,296 plus benefits, for further information see what we offer.

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 19.02.2025

Your team You will be part of the Risk Analysis Division in the Directorate Risk Management. Our Division is responsible for monitoring, measuring and assessing financial risks that may arise from the Eurosystem’s monetary policy operations and the ECB’s investment operations.

In your role as Financial Risk Expert, you will be part of the corporate bond analysis team, which comprises three members of staff responsible for assessing and mitigating the risks of the Eurosystem’s corporate bond holdings. You will work closely with the Directorate General Market Operations as well as national central banks.

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 Risk Expert you will:

- monitor and manage the risks of the Eurosystem’s corporate sector bond holdings, ensuring alignment with their respective risk management frameworks; - conduct risk management activities related to the Eurosystem’s monetary policy operations and the ECB’s investment operations, depending on business needs; - prepare risk analyses and proposals for improving risk management frameworks; - engage and collaborate with Eurosystem staff at national central banks, Eurosystem committees and external stakeholders.

The position offers you excellent opportunities to harness your expertise in order to manage the risks of the Eurosystem’s corporate bond holdings. 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, mathematics 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 financial risk management or market operations; - experience in developing, maintaining and implementing risk management frameworks for monetary policy portfolios or investment portfolios; - a sound understanding of financial markets and instruments; - experience in drafting reports, briefings, analytical notes and policy proposals; - advanced programming skills in MATLAB and/or Python and a willingness to learn programming languages; - 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 conducting credit and/or or climate risk assessments of corporate bonds.

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 use analogies, patterns and different perspectives. You know and anticipate stakeholder needs.

You are motivated to be part of our team and to 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 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.

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.

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Potential interview questions

Added 1 year ago - Updated 1 year ago - Source: ecb.europa.eu