Financial Risk Experts (ESCB/IO) – Risk Analysis

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 30.06.2025

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: €6,909 plus benefits, for further information see what we offer.

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 29.01.2024

Your team You will be part of the Risk Analysis Division in the Directorate Risk Management. The 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. We are looking for two Financial Risk Experts to help build the next generation of our risk management data and IT infrastructure.

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:

- help to build the next generation of our risk management data and IT infrastructure, including defining the target scope, analysing business processes, collaborating across business areas, coordinating with external vendors, coordinating and conducting testing, designing and implementing change management plans/ application continuity plans, and creating knowledge management plans; - maintain the existing risk management IT infrastructure and data, including data quality management, troubleshooting and liaising with other business areas involved to help end users achieve their day-to-day business objectives; - develop new risk management applications quickly to respond to business needs, including editing existing SQL queries and creating new ones, as well as programming in Python; - establish a long-term strategy for the risk management IT infrastructure, including analysing business processes that need to be enhanced and proposing solutions to improve the Division’s technical infrastructure.

The position offers you excellent opportunities to develop the latest IT risk management tools and form part of the team that assesses and reports on financial risks of the Eurosystem and the ECB. 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, computer science, 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 (other than as a trainee or intern) in the field of financial risk management, market operations, statistics, financial stability or information systems; - experience in participating in projects developing business applications; - a sound understanding of financial instruments, e.g. corporate bonds, sovereign bonds, covered bonds and asset-backed securities; - excellent IT programming skills in Python or MATLAB (or similar languages such as Octave, R, C++ or Java) and a good understanding of languages used for managing data in a relational database management system (e.g. SQL); - 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:

- project management experience in the field of financial markets or financial risks, analysing business processes and managing relationships with end users and external vendors; - experience working with financial risk managers and portfolio managers; financial and/or risk management knowledge.

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 contact the Senior Team Lead of the Risk Analysis Division, Josep M. Puigvert, by sending an email to [email protected]

Application and selection process The recruitment process for this position will be conducted remotely. It will include a written exercise, a presentation and interviews.

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.