Traineeships in On-Site and Internal Model Inspections - Francfort

European Central Bank

Stage Econométrie Allemagne entre septembre et décembre 2022 de 6 à 12 mois


Here at the European Central Bank (ECB), we work to keep prices stable in the euro area. We do this so that you will be able to buy as much with your money tomorrow as you can today.

We also contribute to the safety and soundness of the European banking system. This helps to ensure that your money stays safe in the bank.

The SSM is the system of banking supervision in Europe. It comprises the ECB and the national supervisory authorities of the participating countries.

The ECB is an inclusive employer and we strive to reflect the diversity of the population we serve. We encourage you to apply irrespective of age, disability, ethnicity, gender, gender identity, race, religious beliefs, sexual orientation or other characteristics.

Traineeships in On-Site and Internal Model Inspections

Your team

You will be part of the Directorate General On-Site and Internal Model Inspections. Our Directorate General is responsible for conducting on-site activities, ensuring the consistency of assessment approaches across the Single Supervisory Mechanism (SSM) and organising and executing the on-site supervisory programme. This includes on-site inspections, internal model investigations and asset quality reviews. We are currently seeking applicants for several trainee positions.

In your role as trainee, you will be assigned to one of our four divisions : Financial Risk Inspections, Non-Financial Risk Inspections, Internal Model Investigations, Operations and Integration or to the Directorate General’s Senior Management Office.

  • The Financial Risk Inspections Division assesses credit risk, market risk, liquidity risk and interest rate risk in the banking book. It also conducts asset quality reviews.
  • The Non-Financial Risk Inspections Division assesses operational risks (including IT risks), governance and risk management, capital (including the internal capital adequacy assessment process) and business model and emerging risks (including climate risk).
  • The Internal Model Investigations Division ensures that supervisory approaches are consistent and internal models used by credit institutions are uniformly implemented. The Division is currently working on updating standards for internal models and reviewing the trading book.
  • The Operations and Integration Division plans and coordinates the on-site supervisory programme, managing the common processes involved, monitoring the programme’s execution and preparing related reporting.

The Senior Management Office coordinates the activities of the Directorate General and manages the strategic and horizontal projects related to the work of all divisions.

You will cooperate closely with colleagues, not only in your team and division but also across all of European banking supervision.

Your role

As a trainee, depending on the division to which you are assigned, you will:

  • support your team in planning, executing and monitoring the on-site supervisory programme;
  • organise the training activities offered to SSM inspectors and coordinate other internal and external communication initiatives;
  • support the internal processes in your division and your team;
  • work on developing supervisory standards and methodologies for on-site inspections and internal models as well as performing analyses and benchmarking;
  • assist with on-site inspections and internal model investigations;
  • contribute to developing, maintaining and enhancing IT/data management tools and projects.

The position offers you excellent opportunities to analyse issues relating to prudential supervision and strengthen your project management skills. It also enables you to deepen your understanding of the European banking landscape and develop your career.

You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.

Qualifications, experience and skills

Essential:

  • a bachelor’s degree or higher in accounting, economics, finance, business administration, European studies, international relations, mathematical engineering, mathematics, computer science, econometrics, statistics or another relevant field;
  • knowledge of the objectives and main areas of EU financial regulation and prudential requirements for credit institutions, as well as the objectives and functioning of European banking supervision, in particular the SSM Regulation and the SSM Framework Regulation;
  • a good knowledge of the MS Office package;
  • an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the Common European Framework of Reference for Languages.

Desired

  • working knowledge of data analysis and visualisation tools, e.g. Python, R, relational databases, SQL, VBA, Tableau;
  • knowledge of the functioning of credit institutions and the risks they exposed to, e.g. credit risk, market risk, interest rate risk in the banking book, liquidity risk, IFRS, project management, risk management;
  • experience in preparing and giving presentations on project proposals, results and key technical or operational messages;
  • knowledge of mathematical models for forecasting and measuring risk;
    experience in planning, monitoring and reporting tasks involving multiple stakeholders.

You are curious and eager to learn, and want to further develop your ability to analyse complex information. You are keen to collaborate with others, pursue team goals and learn from other people’s diverse perspectives. You strive to know and anticipate stakeholder needs, and will signal any need for change and propose alternative solutions.

You are motivated to contribute to the ECB’s mission, to serve the citizens of the EU as a member of a public institution and to work with colleagues from all over Europe. You are keen to be part of our team and to use your skills and competencies to achieve the objectives of this position.

Working modalities

Playing a role in European banking supervision 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.

  • Type of contract ? Traineeship
  • Who can apply ? EU nationals eligible for our traineeship programme (see further information section)
  • Grant ? The trainee grant is €1,070 per month plus an accommodation allowance (see further information section)
  • Working time ? Full time
  • Place of work ? Frankfurt am Main, Germany
  • Closing date 09.05.2022

Further information

Further information on how to join us is available on our website.

Traineeship of between six and 12 months in total. The traineeships will have varying starting dates, beginning at the earliest in September 2022.

Application and selection process

The recruitment process for this position will include a pre-recorded video interview in the pre-selection phase and – if you are invited to participate in the subsequent selection phase – an online interview.  

If you are not selected for this position but are still considered suitable, you will be placed on a reserve list for 12 months from the closing date for applications, from which you might be considered for similar positions within the ECB.


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European Central Bank
Service Recrutement

Indemnité 1070 €/month

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