Function
The European Central Bank (ECB) is seeking applicants to fill Supervisor positions in the Directorates General Microprudential Supervision I and II, which are responsible, within the scope of the Single Supervisory Mechanism (SSM), for conducting the direct and day-to-day supervision of significant banks. Each of the divisions within the two Directorates General is in charge of the supervision of a number of significant banking groups.
The successful applicants will be entrusted with the following main tasks:
- conducting day-to-day supervision in Joint Supervisory Teams (JSTs), which are composed of staff from both the ECB and national competent authorities;
- supporting the JST Coordinator in identifying supervisory actions to be taken and in daily contacts with the supervised institution;
- assessing the business model, governance, risk measurement and management, and capital and liquidity positions of the supervised banks;
- coordinating and providing analytical support for the assessment of institution-specific risk factors;
- contributing to the preparation of recommendations and proposals for precautionary or disciplinary action, when required, and participating in the implementation of such actions;
- contributing to the JST and Division’s activities related to the preparation of notes, memoranda, external publications and dossiers for the Supervisory Board of the ECB and the ECB’s decision-making bodies, and providing advice in the relevant area of expertise to the decision-making bodies and senior management;
- contributing to the development of supervisory methods and procedures for cooperation and information-sharing within the SSM;
- providing support to internal committees, sub-groups and their chairs, and representing the maintaining regular contact with all strategic partners and counterparts at supervisory authorities and other institutions.
Qualifications and experience
Applicants must have the following knowledge and competencies:
- 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 if the highest degree held is a bachelor’s degree) of professional experience in one or more of the following areas: bank examinations, supervisory policies, management and control of risks (e.g. liquidity, credit and market risk), internal model validation, recovery, resolution and crisis management, balance sheet analysis, bank accountancy, compliance, internal audit, operational risk assessment in the areas of information technology, business continuity management and outsourcing/offshoring arrangements, financial law or other areas closely linked to banking supervision;
- an excellent knowledge of supervision and supervisory policies, methodologies and regulations, especially in the SSM context, as well as of the functioning of financial institutions, would be considered an asset;
- experience in advising policy-makers on their key duties, preferably in a central bank, (banking) supervisory authority or major international organisation, would be considered an asset;
- experience in working with multilingual and multicultural teams would be considered an asset.
- an advanced command of written and spoken English;
- a good command of at least one other official language of the EU;
- knowledge of other EU languages would be considered an asset;
- a good knowledge of the working methods of the Eurosystem and the European System of Central Banks (ESCB) and/or other relevant European and international entities and fora would be considered an asset.
Competencies
The successful applicants will have the following behavioural competencies:
- generates agreed results within tight time frames, prioritises tasks (paying attention to detail
- numerous processes simultaneously;
- examines issues critically from an informed and balanced perspective prior to making a recommendation or reaching a conclusion, and arrives at a sound judgement through extensive but respectful questioning and enquiry;
- communicates complex issues in a clear and effective manner to varying audiences and ensures mutual comprehension;
- handles sensitive information in a discreet manner, respecting confidentiality;
- is proactive in sharing data, information and knowledge within the team and supports team members in the achievement of common goals;
- establishes and maintains cooperative relationships with staff and management at all levels, both inside and outside the organisation;
- negotiates skilfully in difficult situations involving both internal and external parties and establishes mutually agreeable solutions;
- adapts to changing plans and circumstances with ease and embraces new processes with enthusiasm;
- has a number of well-established ways of defusing tension and coping with work pressure.
Further Information
Three-year fixed-term contract, with possible conversion to a contract of indefinite duration subject to individual performance and organisational needs.
Successful candidates may be required to travel extensively and perform tasks at locations other than the ECB.
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.
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 http://www.ecb.europa.eu/careers/newcomers/fixed-term/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.
The selection committee may place suitable candidates on a reserve list, from which candidates may be appointed to similar positions in the same or other business areas. It may also be decided to fill the positions advertised in this vacancy notice with a suitable candidate or candidates from the reserve list resulting from a recruitment procedure for a similar position. Candidates will be informed accordingly if this happens.
Closing Date for Applications: 18.12.2015
