Experts in Financial Sector and Market Analysis

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Economics and Policy Strategy
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Deadline for application: 24 January 2021

We are looking for experts in financial sector and market analysis to join our dynamic and diverse team in the Financial Sector and Market Analysis division (“FSM”) 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 designing new analytical tools and executing an enhanced monitoring framework to detect systemic risks stemming from different financial sector compartments. S/he will contribute to effectively deploying financial market information to enrich the risk-signalling toolkit and analyse interactions between the financial sector and the real economy. 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 from around the world committed to making a difference to the future of the euro area. It recruits talented professionals of any nationality from both the private and public sector. 

 

KEY ACCOUNTABILITIES 

  • Provide top quality analysis of risks and vulnerabilities in the euro area financial sector with main focus on the non-bank financial sector (NBFS), including investment funds, insurance companies and pension funds;
  • Monitor systemic institutions and/or activities that may affect financial stability in the euro area;
  • Analyse macro-financial linkages between the non-financial and financial sectors to identify financial stability risks and their impact on the real economy;
  • Contribute to developing new analytical tools to identify factors affecting the financial sector in specific countries and in the euro area; support scenario simulations and back-testing analyses;
  • Contribute to research, policy notes, and briefings on financial sector and capital market developments, namely on NBFS developments and emerging risks in this sector;
  • Track debt and equity markets and report on significant market movements and capital market transactions that can affect funding structure and financial conditions of systemic financial institutions and/or their investment and lending policies;
  • Provide analytical assistance for the design, implementation, and monitoring of financial sector policies in beneficiary member states;
  • Support country team coordinators in performing beneficiary member states’ monitoring activities within the ESM Early Warning System; participate in on-site missions and discussions with domestic authorities.

 

KEY BACKGROUND & EXPERIENCE

  • Advanced university degree, preferably with a specialisation in finance, insurance and pensions sectors, or financial economics;
  • Ideally two-to-six years of professional experience in at least one of these fields;
  • Very good understanding of financial sector analysis, financial industry structure, products, trends, policy, and regulation;
  • Experience with data providers’ tools (e.g. Bloomberg, Lipper, etc) to update and maintain large databases and identify trends and outliers would be a strong asset;
  • Experience in financial markets analysis and research would be a strong asset;
  • Good practical quantitative/econometric skills and software proficiency (Eviews, Stata, etc) would be an asset;
  • Diverse experience in the private sector and within international financial institutions or other public international organisations would be an asset;
  • Experience in application of digital innovation tools (e.g. AI, ML) would be an asset;
  • Fluency in English required; additional languages are a plus.

 

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: Two to three-year fixed term contract, with 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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