The Single Supervisory Mechanism (SSM) refers to the system of banking supervision in Europe. It comprises the ECB and the national supervisory authorities of the participating countries.
You will be part of the Supervisory Policies Division, Directorate General Microprudential Supervision IV, which follows up on issues on the international regulatory and supervisory agenda; to coordinate and develop ECB Banking Supervision positions and initiatives regarding internal and international policies; and to support the Joint Supervisory Teams (JSTs) dealing with significant institutions and the NCAs handling less significant institutions in the application and interpretation of EU regulations and the principles of international supervisory standards.
To further enhance the diversity of our team, we particularly encourage applications from female candidates.
As Adviser you will be entrusted with the following main tasks, which will be performed under the guidance of, and in cooperation with, the Head of Division:
- establishing and maintaining a high level of expertise in their field of responsibility, in order to be able to guide staff members and support the decision-making bodies and senior management;
- contributing to proactively setting the agenda for the Division/Section; developing annual work programmes, including identifying supervisory priorities; providing input for the divisional budget; and building up appropriate and sustainable working structures;
- assisting in the management of the Division, with the aim of ensuring the efficient and effective fulfilment of its tasks and ensuring that staff members remain motivated, competent and committed to achieving the goals set;
- coordinating activities related to the preparation of briefing materials, notes, memos and dossiers for the Supervisory Board and the decision-making bodies of the ECB, and for participation in international fora;
- establishing and maintaining cooperation with counterparts in NCAs and other supervisory bodies, and representing the Section/Division and the ECB at meetings of various internal and external committees and in other high-level fora, for example EBA standing committees or EU Council working groups;
- guiding staff in effectively supporting the JSTs in the adaption and application of the supervisory methodologies and standards.
- coordinating short and medium-term projects in the different areas of prudential expertise. The prudential areas covered would be tailored to the selected candidate’s expertise;
In particular you will be responsible for:
- providing high quality and timely advice to the JSTs in prudential areas such as leverage, liquidity and funding, and standardised market risk;
- taking the lead in projects focused on a number of horizontal coordination tasks related to, for example, ECB Banking Supervision policy regarding the CRD5 project, the SSM Review by the Commission and general policy work by the European Banking Authority (EBA);
- preparing and actively participating in relevant European and international meetings, for example in working groups of the Basel Committee on Banking Supervision and the EBA, including the Standing Committee on Regulation and Policy;
- strategically steering ECB Banking Supervision policy in European fora such as the Financial Stability Committee, the Economic and Financial Committee, the Eurogroup Working Group, the Eurogroup and the Economic and Financial Affairs Council;
- dealing with matters pertaining to, among other things, human resources, performance, output and longer-term direction, and providing input for the budget.
The precise responsibilities would in part be based on the profile of the chosen candidate.
Qualifications, experience and skills
- a master’s degree in a relevant field such as economics, finance, mathematics, business administration and law, or a bachelor’s degree in one of these fields combined with at least four years of relevant professional experience;
- five or more years of professional experience (nine or more years in the case of a bachelor’s degree, as mentioned above) in financial services, banking supervision or financial stability, or in the coordination of relevant national and international policies or related consulting services;
- an advanced-level command of English and an intermediate-level command of at least one other official language of the EU;
- sound and extensive professional experience in supervisory policies, standards and principles, or in financial policy development;
- professional experience with European and international bodies on banking regulation and supervision and/or familiarity with the existing European and international supervisory regulations and/or prudential and accounting legislation;
- proven expertise in advising policymakers on the discharge of their key duties, ideally gained in a central bank, (banking) supervisory authority or a major international organisation;
- a proven ability to work with multilingual and multicultural teams;
- in-depth professional expertise in the field of European banking regulation, for example in the areas of leverage, liquidity and funding, and/or market risk;
- proven experience in dealing with European negotiation processes, as well as in interaction and stakeholder management with European organisations, such as the European Commission, the European Parliament and the EBA;
- knowledge of other official EU languages;
You engage collaboratively with others. You analyse complex information effectively and can evaluate different views to arrive at solutions. You pursue team goals and can draw on the strengths of a diverse team to get the best results. You facilitate change and can articulate strategic priorities and scenarios for your team.
Working for European banking supervision involves spending short periods of time abroad for on-site visits or training. This important part of our work is complemented by an environment in which well-being and a good work-life balance is fostered. Playing a role in the European banking supervision also entails collaborating in multinational and multicultural teams and operating in the context of different national frameworks, for which a strong ability to use different EU languages for business purposes is an asset.
To enable the Section to maintain its business continuity capability, you will occasionally be expected to perform work during non-standard working hours and work at the ECB’s standby sites.
The recruitment process for this position may include a skype interview at the pre-screening stage, and – if you are invited to participate further in the selection procedure – a presentation, written exercise and interviews.
Application and selection process
Find more information under “How you can join us”: