Senior Economist - Market Operations Analysis in Frankfurt am Main bei The European Central Bank

The European Central Bank

General Information

Type of contract Fixed-term contract, which may be extended subject to individual performance and organisational needs

Who can apply? EU nationals

Salary F/G (bracket 2 - step 1) full time monthly net salary: €6,032 plus benefits, for further information see what we offer.

Role specialisation Market Ops Policy & Implementation

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 12.09.2024

Your team

You will be part of the Market Operations Analysis Division in the Directorate General Market Operations. Our Directorate General has around 200 staff members who prepare and execute monetary policy and foreign exchange operations, manage the ECB’s foreign reserves, as well as monitor and analyse market developments. The Division is responsible for monitoring, analysing, and assessing the performance of the Eurosystem’s monetary policy implementation framework and developments in the Eurosystem’s balance sheet. We also analyse structural developments of the euro area financial markets that are relevant for monetary policy implementation. In particular, we develop, maintain and assess the frameworks for counterparty, collateral, emergency liquidity assistance, net financial asset and domestic asset and liability management, as well as oversee the related inputs from the national central banks and assess the relevant requests and developments.

In your role as Senior Economist in the Market Operations Framework Section in the Market Operations Analysis Division, you will be part of a team of around 15 members of staff. This Section is primarily responsible for monitoring, analysing and assessing the performance of the Eurosystem’s monetary policy framework from an operational point of view. You will contribute to fulfilling the Section’s tasks, working closely alongside colleagues from the ECB as well as from the national central banks, while also interacting with market participants.

Since we work very closely with other divisions in our Directorate General on account of the cross-market nature of the frameworks, this role could also apply to similar vacant positions within the Directorate General Market Operations.

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.

Your role

As a Senior Economist, you will:

contribute to maintaining and developing the ECB’s operational framework and propose recommendations for its enhancement;
coordinate, contribute to, and present key policy dossiers, analyses and reports, in both internal and external meetings alongside colleagues from the ECB and the Eurosystem, as well as other external counterparties/stakeholders;
engage and collaborate with colleagues within the Directorate General Market Operations, from other ECB business areas and from the national central banks when preparing complex dossiers related to the implementation of monetary policy and the relevant functioning of market infrastructures and financial markets; and
foster close and trustful cooperation within the Section, Division, and across the Directorate General as a whole.

The position offers you excellent opportunities to be involved in the implementation of monetary policy operations and in providing important input and technical contributions to implement the changes to the ECB’s operational framework decided by the Governing Council in March 2024 and to assess the key parameters of the operational framework for its review in 2026. 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 master’s degree or equivalent in finance, economics or business administration or another relevant field (see How you can join us for details on degree equivalences);
in addition to the above, a minimum of seven years’ professional experience in central banking, of which at least five years of relevant experience in the field of market operations and/or monetary policy implementation, financial markets, and risk management;
a good knowledge of the key features of the ECB’s operational framework for the implementation of monetary policy and the willingness and ability to develop your expertise in this area, as well as a sound understanding of the functioning of financial markets and money