Principal Banking Supervisors
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You will be part of the Quantitative Risk Analysis (QR) Section of the Risk Analysis Division in the Directorate General Microprudential Supervision IV (DG/MS IV). The ECB's banking supervision work is conducted under the Single Supervisory Mechanism (SSM), which comprises the ECB and the national supervisory authorities of the participating countries. The Risk Analysis Division and our QR Section monitor changes in the overall risk environment for banks, conducting in-depth analyses that cover a broad range of risk categories and topics. We raise issues where necessary and support the Joint Supervisory Teams in their supervisory activities. We regularly conduct microprudential stress tests and supports other units by providing information on current banking risks and vulnerabilities. We identify and analyse trends, developments and emerging risks affecting multiple banks for further supervisory review. In addition, we conduct regular reviews of credit institutions' performance and risk profiles - including horizontal analyses of exposures to certain types of risk or event - as well as broader microprudential analyses and research on the banking sector. We are seeking applicants to fill three Principal Supervisor positions in:
- the Project Management Office (PMO);
- horizontal risk analysis;
- risk analysis per risk type.
To further enhance the diversity of our team, we particularly encourage applications from female candidates.
As a Principal Supervisor working in the stress test PMO you will:
- actively support the Head of the PMO team in the conduct, management and delivery of the 2018 EBA EU-wide and ECB Supervisory Review and Evaluation Process (SREP) stress tests;
- set-up the PMO for the 2019 supervisory stress test (so-called “switch yearâ€) and support the risk experts in defining a concept and an organisational set-up for the exercise;
- support the Stress Test Accounts Reporting (STAR) PMO Lead and the Directorate General's Business Project Manager in matters related to the STAR project (aimed at developing an end-to-end IT system for stress tests) such as users' access rights and training courses.
As a Principal Supervisor for (horizontal) risk analysis, you will work on one or more of the following tasks:
- identifying horizontal risks and vulnerabilities on the basis of stress test and other data;
- performing horizontal analyses of stress test results and quality assurance (QA) findings, including identifying key drivers, and compiling respective reports;
- ensuring consistency of the QA work for stress tests in the relevant risk areas;
- ensuring there is a level playing field for stress testing exercises by providing a horizontal view across risks.
- monitoring the soundness of the methods, in particular the calculations underlying peer benchmarks, used to generate QA flags to identify bank data for further supervisory scrutiny;
- reviewing QA flags in collaboration with other stakeholders;
- providing advice on the application of stress testing methodologies as well as relevant regulation and accounting frameworks (e.g. CRR, IFRS 9);
- providing input into the bank-specific and horizontal analysis of QA findings and stress test results.
In all roles, you will:
- provide input and prepare materials for the relevant area of competence to support the decision-making process;
- coordinate a team of highly qualified staff and act as a reference point and mentor for the team;
- represent the Risk Analysis Division in internal and external meetings;
The position offers you excellent opportunities to work on the biggest stress testing exercise in the world, with approximately 100 banks in the sample. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.
The recruitment process for this position may include - a written exercise, a Skype interview and/or panel interviews.
Essential: For all positions:
- a master's degree in a relevant field (e.g. economics, finance, business administration, accountancy, mathematics, physics, statistics or a related field) or a bachelor's degree in one of these fields combined with at least four years of relevant professional experience;
- an advanced command of English and an intermediate command of at least one other official language of the EU.
For the position in the PMO:
- ideally, five or more years' professional experience (or nine or more years in the case of a bachelor's degree) in project management on a large scale with multiple stakeholders and in fast-paced projects in a regulatory authority, supervisory authority, financial institution, international organisation or top tier consultancy firm.
For the position in horizontal analysis:
- ideally, five or more years' professional experience (or nine or more years in the case of a bachelor's degree) in the field of analysis of stress testing data, gained at a regulatory authority, supervisory authority, financial institution, international organisation or consultancy firm;
- profound knowledge of stress testing methodologies.
For the position in risk analysis:
- profound knowledge of stress testing methodologies and proven expertise in at least one of the following areas: risk; credit risk; market risk (including CCR losses and CVA); net interest income; conduct risk and other operational risks; non-interest income, expenses and capital items;
- a strong analytical and programming background.
Desired: For the position in the PMO:
- three or more years' experience successfully coordinating a team of highly qualified staff;
- participation in the 2016 EBA EU-wide stress test and/or the 2016 SREP stress test;
- participation in the 2014 comprehensive assessment and/or in the sensitivity analysis of the interest rate risk in the banking book (IRRBB) 2017 Stress test;
- previous experience at the ECB in the preparation and approval of documentation for the decision-making bodies.
For the positions in horizontal risk analysis and risk analysis:
- sound experience in the development, implementation and/or validation of stress testing models;
- three or more years' professional experience in the quality assurance of banks' bottom-up stress test calculations, peer benchmarking, horizontal data analysis, data processing, and creating reports using databases;
- experience in the implementation of IFRS 9 accounting;
- advanced knowledge in one or more the following programming languages: Python, R, MATLAB, SQL programming, Visual Basic Applications (VBA) or SAS (Advanced Analytics);
- advanced knowledge of Tableau.
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 skilled at encouraging people to develop their abilities and are able to build up high-performing teams.
To enable the Section to maintain its business continuity capability, you will occasionally be expected to perform work during non-standard working hours and work at the ECB's standby sites.
Applications are to be made in English and submitted using our online application form. An 'Applicants' Guide' can be downloaded from our recruitment pages.
The recruitment process may include a pre-screening exercise, a written exercise, a presentation and interviews.
This vacancy is specifically for members of staff of ESCB institutions and international organisations who are not already working at the ECB on a fixed-term or permanent contract, in order to foster collaboration within the ESCB and other international organisation. An applicant's current employer should be: (i) the national central bank of an EU Member State; or (ii) a European or international institution (e. g. the BIS, EBRD or IMF). Selected candidates are seconded to the ECB by their current employer and must have a contract of employment with their current institution ending at least one year after the end of the proposed period of employment at the ECB.
Applications are accepted from nationals of Member States of the European Union.
Applicants are encouraged to discuss their interest in being seconded to the ECB with their line management prior to applying.
Further information on the ECB's Conditions of Employment for short-term positions can be found at https://www.ecb.europa.eu/careers/what-we-offer/contract/escb/html/index.en.html
The requirements laid down in the vacancy notice must be met by the closing date for applications.
This vacancy notice may be used to fill the same position again, or similar positions, within 12 months of the selection decision.
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