Market Infrastructure Specialist - Securities and Collateral Management including Innovation (Market Innovation & Integration)

General Information

Type of contract Fixed-term contract which may be converted into a permanent contract after three years subject to individual performance and organisational needs

Who can apply? EU nationals

Salary E/F (bracket 1 - step 1) full time monthly net salary: €4,611 plus benefits, for further information see what we offer.

Role specialisation Market Infrastructure

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 08.01.2024

Your team You will be part of the Market Innovation and Integration Division (MI²) in the Directorate General Market Infrastructure and Payments. The Division develops the ECB/Eurosystem’s approach to innovation and integration in the field of payments and post-trade services, as well as collateral management. To this end, the Division prepares policy stances, elaborates proposals for new or amended services (including own market infrastructures), and works on initiatives to adapt business processes or the regulatory framework. The Division further acts as a catalyst by bringing together and facilitating the work of relevant financial market stakeholders in innovation – for example, the potential use of new technologies such as distributed ledger technology (DLT) for settlement in central bank money – and integration.

You may be assigned to work in one or several of the ongoing workstreams in the Securities and Collateral Management group of MI², which include:

- preparing and steering Eurosystem and financial market-wide harmonisation and compliance monitoring in the field of post-trade services, including collateral management; - preparing and steering Eurosystem policymaking in the areas of securities and collateral management; - assessing innovation – for example, the potential use of new technologies such as DLT for settlement in central bank money – in the field of post-trade services and its potential impact.

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 Market Infrastructure Specialist in the Securities and Collateral Management group of MI², you will support MI²’s work relating to innovation and the integration of post-trade services, including collateral management. In particular, you will:

- promote European financial market integration through harmonisation, with a particular focus on Eurosystem harmonisation and market-wide harmonisation, using, for example, AMI-SeCo’s post-trade harmonisation agenda and their work on the Single Collateral Management Rulebook for Europe – SCoRE; - help to define Eurosystem policies; - represent the Division at ECB-internal and external meetings (including with industry representatives); - prepare speeches and presentations for ECB senior executives; - contribute to the understanding of post-trade services and related technical issues, studying how they influence the efficiency of financial markets and investigating how to best advance integration, modernisation and innovation; - monitor technological developments and developments regarding the use of new technologies – such as DLT – and analyse their potential relevance for European post-trade services.

The position offers you excellent opportunities to engage with Eurosystem and private financial market stakeholders, to use your business and data analysis skills and to apply your knowledge of new technologies such as DLT. You will be part of a multicultural and inclusive team that strives for continuous integration and innovation to make a positive impact on the lives of European citizens.

Qualifications, experience and skills Essential:

- bachelor’s degree or equivalent in economics, business administration, finance, IT or another relevant field (see How you can join us for details on degree equivalences); - a thorough understanding of: - European financial markets and financial market infrastructures; and - post-trade services (including collateral management);

- sound knowledge of innovations and their use cases, including technical knowledge, related to financial services (for example, potentially using new technologies such as DLT for settlement in central bank money); - 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.

Desirable:

- one year’s experience in the field of market infrastructures and payments (traineeship also considered); - experience in actively participating in multilateral meetings in a solution-oriented manner and channelling contributions from various stakeholders; - ability to draft high-quality documentation within tight time frames and to communicate – orally and in writing – in a clear manner; - experience in applying analytical and/or data management software.

You engage collaboratively with others. You pursue team goals and learn willingly from other people’s diverse perspectives. You prioritise, signal any need for change by explaining it and proposing alternative solutions in a concise manner. 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 to work with colleagues from all over Europe.

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 formal title for this position will be Market Infrastructure Specialist.

For additional information on this specific vacancy, you can speak to the hiring manager, Markus Mayers, on +49 (0)69 1344 7058; or via email: markus.mayers@ecb.europa.eu.

Application and selection process The recruitment process will be conducted remotely. It may include a pre-recorded video interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase – 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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