The ECB is an integral part of the Single Supervisory Mechanism (SSM),the framework whereby European banking supervision is carried out. The SSM comprises the ECB and the national competent authorities (NCAs) of the 19 euro area countries. The Joint Supervisory Teams (JSTs) are made up of staff from both ECB Banking Supervision and the NCAs.
As a Banking Supervisor conducting risk assessments, you will:
take charge of tasks related to day-to-day banking supervision, such as assessing the business model, governance, risk measurement and management, and capital and liquidity positions of the supervised bank and identifying within the JST which supervisory actions should be taken;
discuss the results of supervisory activities with ECB Banking Supervision management and with senior management of the supervised bank, put forward recommendations, monitor the implementation of risk-mitigating actions and assess their implementation;
contribute to defining the scope of, and planning, future supervisory activities;
contribute to the development of supervisory methods and initiatives for cooperation and information-sharing within the SSM.
Qualifications and experience:
You will bring to the role:
a master's degree in economics, finance, business administration, accountancy, law or other relevant field, or a bachelor's degree in one of these fields combined with at least four years of relevant experience;
ideally, at least three years (or seven years, in the case of a bachelor's degree) of professional experience preferably gained in banking supervision, financial services, consulting, auditing, legal services or rating agencies;
a good understanding of the functioning of financial institutions, risk management and auditing is considered an asset;
ideally, experience in working with multilingual and multicultural teams;
an advanced command of written and spoken English and an intermediate command of at least one other official language of the EU;
for positions in certain JSTs, a working knowledge of French or German is considered an asset;
knowledge of other EU languages would be considered an asset.
You will also bring your ability to communicate effectively with multiple stakeholders, influence others, build relationships, resolve conflicts, think analytically and challenge constructively, and deliver high quality results.
The majority of the positions will be offered as fixed-term contracts of three years, which may be extended subject to individual performance and organisational needs. Some of the positions will be offered as fixed-term contracts which may be converted into permanent contracts after three years, subject to individual performance and organisational needs.
Working for ECB Banking Supervision involves spending short periods of time abroad in the context of regular business travel, training and/or on-site visits. This important aspect of our work is complemented by an environment in which well-being/work-life balance is facilitated. Working for ECB Banking Supervision also implies cooperation as part of multinational and multicultural teams, and in the context of various national frameworks. Therefore a strong ability to use more than one EU working language for business purposes is an asset.
To further enhance the diversity of its workforce, the ECB particularly encourages applications from female candidates.
How to apply:
Applications are to be made in English and submitted using our online application form. An "Applicants' Guide" can be downloaded from our recruitment pages.
For more information and how to apply, please visit: https://www.ecb.europa.eu/careers/vacancies/html/vacancydetails.en.html?id=005056853E201ED791EF730B700CE34C
The recruitment process may include a pre-screening exercise, a written exercise, a presentation and interviews.
Further information on the ECB's conditions of employment for fixed-term positions can be found at https://www.ecb.europa.eu/careers/what-we-offer/contract/fixed/html/index.en.html
Applications are accepted from nationals of Member States of the European Union.
The requirements laid down in the vacancy notice must be met by the closing date for applications.
This vacancy notice may be used to fill the same position again, or similar positions, within 12 months of the selection decision.
This position has been allocated to salary band:F/G