Financial Stability Experts, Stress Test Modelling Division

  • Added Date: Thursday, 12 October 2017
  • Deadline Date: Thursday, 26 October 2017

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Your team

You will be part of the Stress Test Modelling (STM) Division in the Directorate General Macroprudential Policy and Financial Stability (DG/MF). As a part of our team you will contribute to either (1) the 2018 EU-wide stress test by the European Banking Authority (EBA), in particular the top-down, model-based part of the quality assurance process and related model-based macroprudential analyses, or (2) macroprudential policy impact assessments at the national and euro area level, carried out using a variety of analytical tools.

This vacancy offers a unique opportunity to join a dynamic and experienced team, to contribute to European financial stability and to learn from some of the best experts in the field of system-wide banking sector stress testing and macroprudential policy impact assessment.

To further enhance the diversity of our team, we particularly encourage applications from female candidates.

Your role

As a Financial Stability Expert contributing to the 2018 EBA stress test, you will be entrusted with the following main tasks:

  • running top-down stress-testing tools and conducting quantitative sensitivity analyses;
  • reviewing with a critical eye the bottom-up stress test results prepared by banks by comparing them with those of peer banks and with top-down stress test results;
  • contributing to top-down analyses of the results, involving second-round effects, contagion and spillover effects;
  • liaising with other stakeholders in the process, notably ECB Banking Supervision, national competent authorities (NCAs) and the EBA.


As a Financial Stability Expert contributing to macroprudential policy impact assessments, you will be entrusted with the following main tasks:
  • running macroprudential impact assessment tools to assess in quantitative terms the impact of macroprudential policy measures both at the level of the euro area and in individual Member States;
  • developing new and refining already existing macroprudential impact assessment tools, including macro stress-testing tools and models of linkages between the financial and non-financial sectors;
  • contributing to the macroprudential policy process;
  • preparing ECB contributions to IMF Financial Stability Assessment Programmes for euro area countries and liaising closely with other stakeholders in the process, including the International Monetary Fund (IMF) and national authorities.

Qualifications, experience and skills

You will bring:

  • a master’s degree in economics and/or finance or a related discipline;
  • a publication record and a PhD in an area relevant to the work of the Division would be considered an asset;
  • an advanced command of English and a working knowledge of at least one other official EU language;
  • a working knowledge of statistical and econometric software packages (such as Stata, EViews and MATLAB).

As a Financial Stability Expert contributing to the 2018 EBA stress test, you will also bring:
  • more than two years’ professional experience in stress-testing, preferably, but not exclusively, top-down stress-testing, ideally with risk-specific expertise.
As a Financial Stability Expert contributing to macroprudential policy impact assessments, you will also bring:
  • more than two years’ professional experience in the quantitative analysis of macroprudential policy measures, preferably, but not exclusively, by means of model-based approaches.


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.

Further information

The recruitment process may include a remote written exercise and an interview.

Short-term contract from 3 to 36 months subject to individual performance and
organisational needs.

For additional information you have the opportunity to contact the line manager on Tuesday 10 October between 18:00 and 19:00 or on Thursday 12 October between 18:00 and 19:00, via telephone number +49 (0)69 13443320.

Application and selection process

Find more information under “How you can join us”:

Read more.

This vacancy is archived.

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