Financial Risk Expert (ESCB/IO) - Risk Analysis in Frankfurt am Main bei The European Central Bank

You will part of the Risk Analysis Division in the Directorate Risk Management. Our Directorate has 56 staff responsible for proposing policies and procedures that ensure an appropriate level of protection against financial risks for (i) the ECB, in the conduct of financial market (i.e. investment) operations, and (ii) the Eurosystem, in the conduct of monetary policy operations.

In the Risk Analysis Division, we measure, assess and report on financial risk exposures arising from the Eurosystem’s monetary policy and emergency liquidity assistance operations, as well as from the ECB’s investment portfolios and pension funds. We also evaluate the financial buffers of the Eurosystem’s central banks against their estimated financial risks. In this regard, we develop, implement and maintain risk management models used to assess and report on the financial risks of the ECB and the Eurosystem. These risk models are tailored around the specific characteristics of ECB exposures, the Eurosystem’s monetary policy instruments and applicable ECB and Eurosystem guidelines.

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 Financial Risk Expert you will:

• contribute to analysis of the Eurosystem’s financial risks, including preparing annual reports on the Eurosystem’s financial risks and buffers and on profitability projections, as well as ad hoc assessments of the financial risks from monetary policy and investment operations;
• support the development and maintenance of models and frameworks for quantifying credit, market, liquidity and climate change risks, and ensure that these models reflect the latest academic developments and best market practices;
• engage and collaborate with Eurosystem staff at national central banks, Eurosystem committees and external stakeholders;
• represent the Division in internal and external meetings, working groups and networks.

The position offers you excellent opportunities to contribute to the analysis of central banks’ balance sheets at a time when developments in this area have made this field particularly interesting. 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, a minimum of three years’ professional experience in the field of financial risk management, market operations or financial stability;
• experience in modelling and analysing financial risks or in conducting financial stress testing;
• a sound understanding of financial instruments, e.g. sovereign bonds, corporate bonds, covered bonds and asset-backed securities;
• experience in drafting reports, briefings, analytical notes or policy proposals;
• IT programming skills in MATLAB or Python;
• 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.

You engage collaboratively with others. You pursue team goals and learn willingly from other people’s diverse perspectives. You signal any need for change by explaining it and proposing alternative solutions. You analyse complex information effectively and can evaluate different views to arrive at solutions. You know and anticipate stakeholder needs.

You are motivated to be part of our team and to develop and use your skills