Financial Risk Experts (ESCB/IO) – Bank Risk team and Valuation team

Finance & Economy Programme & Policy

Overview

Contribute to risk management frameworks and policies for Eurosystem's monetary policy operations.

You have:

• Master's degree or equivalent in finance, economics or another relevant field.
• Minimum three years of professional experience in financial risk management, monetary policy implementation, or banking supervision.
• Sound theoretical knowledge of financial markets, instruments, and regulations.
• Experience in drafting concise reports, briefings, notes, and policy proposals.
• Advanced command of English (C1) and intermediate command of at least one other official language of the EU (B1).
• Experience in designing interest rate term structure and yield curve calibration models (desired for Valuation team).
• Sound knowledge of the mechanisms and microstructure of European bond markets (desired for Valuation team).
• Sound knowledge of data management tools (e.g., SQL) and programming languages such as MATLAB, R or Python (desired for Valuation team).

General Information

Type of contract Short-term contract, which may be extended to up to 36 months subject to individual performance and organisational needs

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 16.04.2025

Your team You will be part of the Risk Strategy Division in the Directorate Risk Management. In our Division, we design and maintain risk management frameworks and policies for the Eurosystem’s monetary policy operations. We also evaluate structural developments in financial markets and financial regulation to identify potential implications for the Eurosystem’s risk management frameworks. We are looking for two Financial Risk Experts, one for our Bank Risk team and one for our Valuation 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 age, disability, ethnicity, gender, gender identity, race, religious beliefs, sexual orientation or other characteristics.

Your role As a Financial Risk Expert in the Bank Risk team, you will:

- contribute to designing and maintaining the Eurosystem framework for monetary policy counterparties; - monitor the financial soundness of Eurosystem monetary policy counterparties and, when needed, prepare and implement discretionary measures for Eurosystem monetary policy counterparties; - contribute to the development and maintenance of tools for monitoring Eurosystem monetary policy counterparties.

As a Financial Risk Expert in the Valuation team, you will:

- contribute to designing and validating the pricing methodologies applied in Eurosystem collateral valuation and work on pricing-related issues associated with the ECB’s asset purchase programmes; - evaluate structural developments in financial markets and financial regulation, as well as climate change policy, to identify potential implications for the Eurosystem’s price valuation models; - contribute to the development and maintenance of models for studying the determinants of market illiquidity and quantifying how trade size affects prices, ensuring that these models reflect the latest academic developments and best market practices.

Both positions offer you excellent opportunities to demonstrate and deepen your analytical skills and policy judgement, as well as your ability to apply these skills to risk management activities in the context of monetary policy operations. 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 for both teams:

- a master’s degree or equivalent in finance, economics 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 of professional experience in the field of financial risk management, monetary policy implementation or banking supervision; - a sound theoretical knowledge of financial markets, instruments and regulations; - experience in drafting concise reports, briefings, notes and policy proposals and strong presentation skills; - 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.

In addition to the above, desired for the Valuation team:

- experience in designing interest rate term structure and yield curve calibration models; - sound knowledge of the mechanisms and microstructure of European bond markets; - sound knowledge of data management tools (e.g. SQL) and programming languages such as MATLAB, R or Python.

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 to develop and use your skills and competencies to achieve the aims of this position.

Working modalities We would be happy to discuss a part-time arrangement for this role.

Further information The contracts 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 chairperson of the selection committee, Florian Walch, on +49 (0)69 1344 95583 between 10:00 and 12:00 CET on Wednesday, 2 April.

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.

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Potential interview questions

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