Supervisor(s) On-site and Internal Model Inspections in Frankfurt am Main bei The European Central Bank

Since 2014 the ECB has been responsible for supervising significant banking institutions as part of the Single Supervisory Mechanism (SSM), the system of banking supervision in Europe comprising the ECB and 21 national supervisory authorities.

First-line banking supervision under the SSM is composed of three main activities, which are organised under several directorates general at the ECB: 1) the vertical line, responsible for ongoing off-site supervision of portfolios of banks; 2) the horizontal line, which provides transversal assessments and benchmarks for the banking sector; and 3) on-site inspections and internal model investigations, which provide in-depth and focused assessments of specific risks or issues at individual banks.

The third of these activities is covered by the Directorate General On-site and Internal Model Inspections, which is seeking applicants for several Supervisor positions.

The Directorate General conducts on-site inspections, i.e. primarily at the bank’s premises, which entail in-depth investigations of risks, risk controls and governance, and internal model investigations, which assess the compliance of the internal models banks use to measure their risks and corresponding Pillar 1 capital requirements.

The inspection and investigation teams are composed of staff from both the Directorate General On-site and Internal Model Inspections and national supervisory authorities. Our Directorate General coordinates the planning and execution of the on-site supervisory programme. It develops and maintains comprehensive methodologies for the different on-site activities. It also ensures harmonised on-site approaches for the assessment of banks under the SSM and contributes to the identification of risks and supervisory priorities.

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.

As a Supervisor, you may:

• actively participate in on-site inspections and internal model investigations, primarily at the premises of significant banking institutions;
• act as consistency reviewer and point of contact for inspection teams to ensure the quality of reports;
• contribute technical expertise to the inspection teams and build up subject matter expertise on a diverse set of risk categories (including business model and emerging risks, governance and risk management, capital, IT risk, credit risk, market risk, counterparty credit risk, operational risk, liquidity risk and interest rate risk) and a wide range of other topics (e.g. internal models, asset quality reviews, capital adequacy and inspection planning) in close contact with national supervisory authorities, Joint Supervisory Teams and the ECB’s horizontal functions;
• draft policy-related, methodological and operational documents (e.g. guidelines), work with more senior colleagues on the application of supervision/oversight policy, methodologies and standards, and contribute to the development of regulatory standards and interpretations in international fora and working groups;
• optimise, manage and integrate processes and tools to ensure the efficiency of inspections and investigations (especially for candidates assigned to the monitoring and reporting team), work as a project management officer and support benchmarking and horizontal analyses;
• engage with multiple stakeholders inside and outside the ECB.

The tasks and specific areas of expertise associated with the role of Supervisor may differ depending on the team to which successful candidates are assigned. Most of the positions advertised in this vacancy notice involve active participation in missions at the premises of SSM significant institutions, hence frequent travel in different countries for consecutive and extended periods of time will be required.

These positions offer you excellent opportunities to work on-site in a high-impact role, analyse topical supervisory issues,