Traineeship in the Macroprudential Policy Division and the Market-based Finance Division

Macroprudential Policy & Financial Stability

11258

General Information
Type of contract Traineeship

Who can apply? EU nationals eligible for our traineeship programme

Grant The trainee grant is €1,170 per month plus an accommodation allowance (see further information section)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 13.02.2025

Your team You will be part of the Macroprudential Policy Division or the Market-based Finance Division in the Directorate General Macroprudential Policy and Financial Stability. Our Directorate General provides analysis and policy advice on issues relating to financial stability, non-bank financial intermediation, financial regulation and macroprudential policy.

In the Macroprudential Policy Division, we assess country-specific systemic risks within the financial sector and beyond, including the household, corporate and real estate sectors. We assess national macroprudential policy measures that address identified risks, and carry out analyses that support the ECB’s implementation of the macroprudential measures envisaged by Article 5 of the SSM Regulation.

In the Market-based Finance Division, we assess and mitigate systemic risks arising from the activities and behaviour of non-bank financial intermediaries. We also assess financial stability risks in financial markets and coordinate the Directorate General’s market intelligence activities. Moreover, we enable the ECB to better understand how market-based finance interacts with monetary policy.

In your role as a trainee, you will be part of a Division of approximately 20-30 staff responsible for analysing macroprudential risk and policy, developing models and coordinating the ECB’s views on these issues. You will work closely with our experts, contributing to regular tasks and key analytical projects. The precise nature of the traineeship will depend on the team you join and your personal skill set.

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 trainee, you will:

• maintain, update and further develop large and complex data infrastructures used for identifying systemic risk, analysing macroprudential policy and analysing developments in the financial sector and the real economy;
• develop visualisation tools and computer programs for efficient data processing and data analysis, while helping ensure users can access complex datasets;
• participate actively in the general work of the Division, for example by (i) contributing to analyses for inclusion in regular internal reports and external publications such as the ECB’s Macroprudential Bulletin and Financial Stability Review, (ii) contributing – through data collection, research assistance and programming – to analytical projects focused on issues currently of interest to the Directorate General, and (iii) helping to prepare presentations and notes for the Division’s management and staff.

The position offers you excellent opportunities to familiarise yourself with macroprudential policy and financial stability in the euro area and to develop your technical skills by enabling you to participate in a variety of regularly performed tasks and projects. You will be able to develop your potential and will quickly make a real difference to the work of the Division. As a trainee, you will have the opportunity to work in a team alongside committed and highly qualified colleagues and leaders in the field of financial stability and macroprudential policy.

You will be able to attend a wide range of seminars and will have access to the ECB’s library as well as its computing, programming and statistical resources. You will have the opportunity to network and engage with other employees, grow personally and expand your business knowledge. 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 finance, economics, statistics, mathematics, engineering, business administration, physics, computer science or a related discipline;
• a good understanding of and practical experience working with one or more programming languages and econometric software packages (e.g. R, Stata, MATLAB, Python and SQL);
• a sound knowledge of statistical and econometric methods;
• experience in preparing, handling and analysing datasets based on various data sources;
• an advanced knowledge of the MS Office package, in particular Excel and PowerPoint;
• 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:

• a master’s degree, or studies towards a master’s degree that are close to completion, in finance, economics, statistics, mathematics, engineering, business administration, physics, computer science or a related discipline;
• experience in one or more of the following fields: econometrics (e.g. macroeconometrics, microeconometrics, time series analysis, financial econometrics, panel data econometrics and machine learning), modelling and programming;
• knowledge of financial sector analysis and financial policy and regulation, and/or knowledge of macroeconomics;
• knowledge of bank balance sheet and bank-specific data analysis;
• experience of a broad range of standard databases of macroeconomic and financial data (e.g. the ECB Statistical Data Portal, Bloomberg, BankFocus, Orbis and MSCI Real Capital Analytics).

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 aims of this position.

Further information Initial traineeship of between three and six months, with a possible extension to up 12 months in total. The earliest starting date will be mid-April 2025 and additional starting dates will be available throughout summer and autumn 2025.

Other details on the conditions applicable to traineeships at the ECB can be found on our website.

Application and selection process The recruitment process for this position will include an online interview.

Further information on how to apply is available on our website.

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 other traineeship positions within the ECB.