Market Operations Expert - Back Office Settlement in Frankfurt am Main bei The European Central Bank

You will be part of the Financial Operations Services Division in the Directorate General Market Operations. In this Directorate General, we prepare the monetary policy and foreign exchange operations of the Eurosystem, execute those operations which are centralised and coordinate those which are decentralised. We manage the ECB’s foreign exchange reserves and own funds, and we develop and maintain the framework for all financial market-related activities. We also maintain relationships with financial market participants, central banks and official institutions and monitor and analyse the market developments which are relevant for the conduct of market operations.

The Financial Operations Services Division performs a wide range of settlement, payment and post-trade activities related to the ECB’s financial operations and acts as fiscal and paying agent for EU/euro area institutions. Other responsibilities include working on strategic developments and projects, and contributing to European System of Central Banks (ESCB) and Eurosystem task forces, working groups’ and committees’ dossiers, with a view to enhancing settlement and post-trade processes and procedures.

In your role as Market Operations Expert, you will be part of a team of 20-25 members of staff responsible for:

• performing the back-office and post-trade activities for the outright operations in euro executed by the ECB, the ECB’s foreign reserves and ERM II operations, and coordinating Eurosystem/ESCB post-trade and back office activities;
• managing contracts and legal documentation with the ECB’s counterparties and financial intermediaries for foreign exchange, foreign reserve and own funds management operations;
• coordinating and enhancing the Eurosystem Reserve Management Services (ERMS);
• acting as fiscal and paying agent (correspondent bank) for the lending and issuance activities of EU/euro area institutions.
• This position in this highly stimulating environment is an excellent opportunity for a dynamic professional wishing to actively contribute to the development of the euro area and achieve further personal growth.

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 Market Operations Expert in our Back Office Settlement team you will:

• perform the timely and impeccable settlement of the ECB’s market operations, including payment operations and other post-trade tasks;
• help to enhance processes and procedures in line with regulatory and market developments, taking into account technological innovation and managing related risks;
• provide notes, reports and procedures relating to back office operations and associated risks, financial market regulatory initiatives and requirements, and contribute to strategic dossiers as assigned by management;
• participate in IT projects to leverage technological developments and optimise back office processes;
• engage with colleagues from other ECB business areas (legal, IT, financial reporting, etc.) and back offices of counterparties, national central banks and other external counterparts.

The position offers you excellent opportunities to be involved in the implementation of monetary policy operations and in providing important settlement services to other EU institutions in a highly motivated environment. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.

Essential:

• a master’s degree or equivalent in finance, economics or another relevant field, (see How you can join us for details on degree equivalences);
• in addition to the above, minimum of three years’ professional experience in settlement and post-trade activities, including working with S