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 Prudential Regulation and Accounting Section in the Supervisory Policies Division, Directorate General Microprudential Supervision IV, which is responsible in particular for:
- Providing high quality and timely advice to the JSTs on all accounting-related questions and questions related to the interplay between accounting standards and the prudential framework, for example, IFRS9 and the treatment of non-performing loans;
- Relations with statutory auditors as well as project management of the IFRS9 thematic review and follow-up actions;
- Providing high quality and timely advice to the JSTs in a number of areas of specialised prudential expertise, such as own funds, standardised credit risk and prudential consolidation;
- Preparing and actively participating in relevant European and international meetings, for example working groups of the European Banking Authority (EBA) or the Basel Committee on Banking Supervision, which will involve some international travel. Furthermore, the Section contributes to briefings for the Chair, Vice-Chair and senior management of ECB Banking Supervision and senior executives of the ECB.
To further enhance the diversity of our team, we particularly encourage applications from female candidates.
As Head of the Section Prudential Regulation and Accounting you will:
- establish and maintain 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;
- contribute to proactively setting the agenda for the Division/ Section; develop annual work programmes, including identifying supervisory priorities; provide input for the divisional budget; and build up appropriate and sustainable working structures;
- assist in the management of the Division, with the aim of ensuring the efficient and effective fulfilment of its tasks, and ensure that staff members remain motivated, competent and committed to achieving the goals set;
- coordinate 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;
- establish and maintain cooperation with counterparts in the NCAs and other supervisory bodies, and represent 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;
- guide staff in effectively supporting the JSTs in the adaption and application of the supervisory methodologies and standards;
- coordinate short and medium-term projects in the different areas of prudential expertise. The prudential areas covered could be further specified based on the selected candidates expertise.
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;
- excellent and up–to-date technical accounting skills;
- sound and extensive professional experience in interpreting and implementing accounting standards in financial services;
- three or more years of proven experience in successfully managing a team dealing with accounting issues and/or the interlinkages between accounting and prudential aspects;
- an advanced-level command of English and an intermediate-level command of at least one other official language of the EU;
- relevant experience in auditing;
- three or more years of experience in coordinating project work;
- ability to work with multilingual and multicultural teams;
- knowledge of other official EU languages would be an asset;
You engage collaboratively with others. You pursue team goals and can draw on the strengths of a diverse team to get the best results. You support the efforts of team members to develop their abilities and are able to build up high-performing teams. 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, as well as a separate assessment of your leadership competencies.
Application and selection process
Find more information under “How you can join us”: