Banking Experts

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Economics and Policy Strategy
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4210 Total Views

Deadline for application: 24 January 2021

We are looking for Banking Experts to join our dynamic and diverse team in the Financial Sector and Market Analysis (“FSM”) division of the European Stability Mechanism (“ESM”).

The ESM is the permanent crisis resolution mechanism for the countries of the euro area. It provides financial assistance to Members facing financing difficulties. European leaders have agreed to an expanded mandate for the ESM, which it will implement in the years ahead. The ESM will have a stronger role in the analysis of financial stability risks and design of policy measures in programmes, jointly with the European Commission; it will provide the Single Resolution Board with a financial backstop to support effective and orderly resolution of banks.

The FSM division is part of the Chief Economist Department; its team provides risk analysis and technical advice on regulatory and policy matters related to the euro area financial sector and its member states. It follows the market activity of financial institutions and related indicators. It informs country monitoring with its financial sector view and assists other divisions in response to financial assistance requests by assessing potential financing needs and sectoral weaknesses. FSM’s experts may participate in country missions in the context of the post-programme monitoring framework.

The successful candidate will support the FSM team in in the development and execution of an enhanced risk-monitoring framework to detect systemic risks stemming from the banking sector. S/he will participate in country monitoring activities under the ESM’s Early Warning System (ESM Treaty, Article 13.6). S/he will contribute to the operational implementation of the “Common backstop” to the Single Resolution Fund. S/he will participate in policy research projects and support ESM outreach activities.

The ESM is a unique place to work with around 200 individuals committed to making a difference to the future of the euro area. It recruits talented professionals from every nationality from both the private and public sector.

 

KEY ACCOUNTABILITIES

  • Analyse the business profile of banks to identify key drivers of their profitability, solvency and valuation;
  • Identify factors affecting banking sectors in specific countries and in the euro area as a whole, and support related simulation analyses and stress testing;
  • Provide technical analysis and advice on the design and implementation of banking sector policies in programme countries;
  • Support the country teams in performing post-programme surveillance;
  • Conduct research on topics such as bank restructuring and non-performing loan (NPL) management
  • Participate in policy research projects, contribute to topical notes on financial sector and stability risks, and produce analytical work in support of ESM outreach efforts in publications, seminars and conferences.
  • Understand and analyse top-down and bottom-up banking stress tests;
  • Support the preparation of banking sector policy notes for ESM governing bodies’ meetings;
  • Participate to build up a monitoring framework to analyse the links between banking and non-banking sector;
  • Contribute to the implementation of the framework related to the common backstop of the Single Resolution Fund.

 

KEY BACKGROUND & EXPERIENCE

  • Advanced university degree, preferably with a specialisation in banking, finance, or econometrics;
  • Ideally two-to-six years of relevant professional experience in at least one of these fields;
  • Proven in-depth understanding of bank analysis, the banking industry, and its trends;
  • Experience in econometric analysis and familiarity with quantitative methods and modelling would be an asset;
  • Proficiency in Microsoft Office is required and experience in Bloomberg or Reuters is a plus;
  • Good practical quantitative/econometric skills and software proficiency (e.g. Eviews, Stata, etc) would be an asset;
  • Diverse experience within the private sector and international financial institutions or other international organisations would be an asset
  • Fluency in English required; additional languages would be an asset.

 

KEY COMPETENCIES

  • Strong analytical and technical abilities
  • Excellent communication, presenting and drafting skills
  • Flexibility and results-orientated approach
  • Ability to work quickly and accurately in a fast-paced environment
  • Conceptual thinking; Problem-solving skills and creativity
  • Positive team spirit and adaptability
  • Proactive attitude and intellectual curiosity

 

Contract duration: 2-3 year fixed term contract, with the possibility of extension

 

The ESM aims to provide equal opportunity to all candidates irrespective of their gender, nationality, age, race, culture, education, religious beliefs, sexual orientation or disability. To enhance the diversity of our workforce, we particularly encourage women to apply.

 

In light of the applications received, the ESM reserves the right not to make an appointment, or to make an appointment with modified responsibilities.

Note: As a result of the selection process, please note that you may be placed on a ‘reserve list’ valid for a duration of six months during which you might be considered for a similar position with a similar level of requirements. Only those candidates who have been notified will be placed on the ‘reserve list’. After this period, you will need to apply again for our vacancies to be considered for a different selection process. 

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