As a successful applicant you will join the Stress Test Modelling (STM) Division, Directorate General Macroprudential Policy and Financial Stability (DG/MF). As a part of our team you will contribute to its activities relating to (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 you 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.
As a Principal Financial Stability Expert you will contribute to the 2018 EBA stress test or macroprudential policy impact assessment.
As a Principal Financial Stability Expert contributing to the 2018 EBA stress test, you will be entrusted with the following main tasks:
- running top-down stress testing and conducting quantitative sensitivity analyses;
- critically reviewing 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, which involve second-round effects, and contagion and spillover effects, among other things;
- liaising with other stakeholders in the process, notably the Single Supervisory Mechanism (SSM), National Competent Authorities (NCAs) and the EBA;
- coordinating a team of Financial Stability Experts.
As a Principal Financial Stability Expert contributing to macroprudential policy impact assessment, you will be entrusted with the following tasks:
- running macroprudential impact assessment tools to assess in quantitative terms the impact of macroprudential policy measures at the level of both the euro area and individual Member States;
- developing new and refining existing macroprudential impact assessment tools, including macro stress-testing tools and models of linkages between the financial and non-financial sector;
- contributing, within the remit of the Division and in close cooperation with other stakeholders, to the macroprudential policy process;
- preparing ECB contributions to International Monetary Fund (IMF) Financial Stability Assessment Programs for euro area countries and liaising closely with other stakeholders in the process, including the IMF and national authorities;
- coordinating a team of Financial Stability experts.
Qualifications, experience and skills
You will bring:
- a master’s degree in economics and/or finance or a related discipline;
- at least five years of working experience in the area of financial stability, with supervisory and/or macroprudential-related tasks:
- of which for Principal Experts contributing to macroprudential policy assessment: more than two years’ professional experience with the quantitative analysis of macroprudential measures, preferably but not exclusively by means of model-based approaches;
- of which for Principal Experts contributing to the 2018 EBA stress test: more than two years’ professional experience in stress testing, preferably but not exclusively top-down stress testing with possibly risk-specific expertise;
- experience with coordination of complex tasks involving a team of experts;
- experience in presenting analytical results in a clear, concise and non-technical manner for reports, publications, briefings and policy discussions;
- a sound knowledge of advanced statistical and econometric techniques for analytical purposes and, preferably, corresponding programming skills;
- a publication record and a PhD in an area relevant to the work of the Division would be considered an asset;
- experience with banking and other financial data, in particular with the FINREP and COREP datasets, would be an asset ;
We also expect you to 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. You are skilled at encouraging people to develop their abilities and are able to build up high-performing teams.
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
For additional information you have the opportunity to contact the line manager Carmelo Salleo and/or Christoffer Kok 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”: