Financial Stability Expert (ESCB/IO) – European Systemic Risk Board Secretariat

Programme & Policy Finance & Economy

Overview

Contribute to the macroprudential oversight of EU financial system.

You have:

• Master’s degree or equivalent in economics, finance, engineering, information technology, computer science or another relevant field.
• A minimum of three years’ professional experience specializing in cyber resilience, financial sector crisis management, or financial stability analysis.
• Sound understanding of the interactions between the financial system and its underlying IT infrastructure, including their relevance for overall financial stability.
• Very good collaboration and stakeholder management skills.
• Ability to translate complex matters into clear and structured recommendations.
• Advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU.
• Sound knowledge of the ESRB’s approach to systemic cyber risk and its mitigants.
• Experience advising decision-makers or decision-making bodies in the private or public sector on cyber resilience.
• Knowledge of the Digital Operational Resilience Act (DORA) and other frameworks, including their relevance for financial stability.
• Excellent communication, organisational and prioritisation skills and project management experience.
• Track record of interacting in multidisciplinary and European/international teams.

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 31.03.2028

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.

Role specialisation FinancialStability&MacroprudentialPolicy

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 24.09.2025

Your team You will be part of the Secretariat of the European Systemic Risk Board (ESRB), the ECB business area that provides analytical, statistical, logistical and administrative support to the ESRB.

The ESRB is responsible for the macroprudential oversight of the EU financial system and the prevention and mitigation of systemic risk. This is a broad remit, covering banks, insurers, asset managers, shadow banks, financial market infrastructures and other financial institutions and markets. In pursuit of its macroprudential mandate, the ESRB assesses systemic risks and, where appropriate, issues warnings and recommendations. It also has a broad membership, with representatives from 80 different European institutions, including central banks and supervisory authorities.

The ESRB is looking for a Financial Stability Expert to work on macroprudential aspects of cyber risk and cyber resilience.

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 Stability Expert you will:

- stay abreast of cyber threat developments in the financial sector to identify risks to financial stability, draft policy notes that highlight these risks and propose measures to address them; - further develop the macroprudential policy framework on systemic cyber risk in Europe; - contribute to preparing new and monitoring compliance with existing ESRB warnings and recommendations aimed at preventing and/or mitigating systemic risk; - provide analytical and secretariat support to ESRB committees and working groups and represent the ESRB Secretariat in these fora; - collaborate with your colleagues in the ESRB Secretariat and wider ESRB community, and establish strong working relationships with colleagues in other ECB business areas; - engage with ESRB stakeholders to ensure open and effective communication between different authorities; - develop communication policy, including preparing reports, papers and presentations.

The position offers you excellent opportunities to work at the heart of macroprudential policymaking in Europe and to interact with numerous internal and external stakeholders. 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 economics, finance, engineering, information technology, computer science 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 an intern or trainee) specialising in cyber resilience, financial sector crisis management or financial stability analysis acquired at either a central bank, a supervisory authority or another institution represented in the ESRB or any other international institution (such as the Organisation for Economic Co-operation and Development, the International Monetary Fund or the Bank for International Settlements); - a sound understanding of the interactions between the financial system and its underlying IT infrastructure, including their relevance for overall financial stability; - very good collaboration and stakeholder management skills; - an ability to translate complex matters into clear and structured recommendations; - 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 sound knowledge of the ESRB’s approach to systemic cyber risk and its mitigants; - experience advising decision-makers or decision-making bodies in the private or public sector on cyber resilience; - knowledge of the Digital Operational Resilience Act (DORA) and other frameworks, including their relevance for financial stability; - excellent communication, organisational and prioritisation skills and project management experience or a track record of coordinating working groups and complex dossiers; - a track record of interacting in multidisciplinary and European/international teams.

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.

You are aware of your strengths and areas for development and know what motivates you to perform at your highest level.

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 24 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 arrange to speak to one of the hiring managers, Francesco Mazzaferro or Olaf Weeken, by sending an email to [email protected]

Application and selection process If you are currently employed at an ESRB member institution that is not on the ESCB/IO institutions list, please select “OTHER” on the application form.

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.

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Added 10 months ago - Updated 9 months ago - Source: ecb.europa.eu