Senior Economist

Economics and Policy Strategy
2061 Total Views

Deadline for application: 23 January 2022


We are looking for a senior economist to work in the Policy Strategy and Institutional Relations division. The selected candidate will be responsible for the review process for country monitoring and delivery of financial assistance. Specifically, s/he will review assessments of borrowers’ repayment capacity, macroeconomic and financial risks, as well as important financial assistance-related institutional recommendations, policies and other documents. S/he will further develop ESM financial assistance instruments as well as maintain and review processes and policies. S/he will report to the Head of Policy Strategy and Institutional Relations.


The European Stability Mechanism (“ESM”) is the permanent crisis resolution mechanism for the countries of the euro area. It has launched financial assistance programmes for five countries, provided financial support, monitored repayment capacity, and engaged with partner institutions in the design of programmes in areas of financial interest. European leaders have agreed to an expanded mandate for the ESM, which it will implement in the near future. 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, and it will provide the Single Resolution Board with a financial backstop to support the effective and orderly resolution of banks.  In the context of the current Covid-19 crisis, the ESM has established a precautionary credit line as one important element in the joint European response to the pandemic.


The ESM is a unique place to work with around 210 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. 



  • Take a leading role in assessing the consistency of ESM economic and financial analyses, their even-handedness and alignment with ESM policies;
  • Review documents that include ESM policy recommendations or conclusions related to country monitoring and financial assistance;
  • Analyse  and assess ESM stability support instruments and  role in stability support programmes;
  • Oversee and contribute to the development of analytical tools to assess cross-country analyses;
  • Further develop and implement the frameworks for reviewing ESM’s reports, recommendations and policies related to the analysis of euro area macroeconomic and financial risks and the delivery of financial assistance;
  • Contribute to the assessment of macroeconomic and financial risks in euro area member states from a policy perspective;
  • Translate complex and technical topics into a concise policy line;
  • Produce briefing notes and policy analyses to support the participation of senior ESM staff and the Managing Director in policy forums;
  • Coordinate joint workstreams with European and international institutions to support the work of the ESM;
  • Produce high-quality research on relevant topics related to the ESM’s role as a crisis resolution mechanism;
  • Prepare documents for consideration by ESM boards and committees;
  • Collaborate closely with colleagues in other divisions and departments;
  • Support ESM’s interactions with policymakers and peer organisations, in particular with the European Commission, the European Central Bank and the International Monetary Fund.



  • Graduate at PhD or Master level, preferably in economics or finance
  • Excellent knowledge of macroeconomics, including quantitative skills
  • At least eight years of experience in an economist role. For PhD holders, the minimum requirement in terms of years of relevant experience may be reduced by up to two years, if considered appropriate.Prior experience in a role analysing and reviewing sovereign lending programmes, financial stability support instruments or participation in country programmes and surveillance, would be a strong asset
  • IT literacy
  • Excellent oral and written English skills. Any additional languages are an asset.



  • Strong analytical and problem-solving skills
  • Critical and strategic thinking
  • Communication and interpersonal skills
  • Resilience, flexibility, and adaptability to changes
  • Teamwork and collaboration
  • Leveraging diversity and inclusion


Contract duration: Three-year fixed-term contract



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.


Note 1: the ESM reserves the right to refrain from hiring, or to slightly modify job responsibilities, as needed.

Note 2: 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. 

Previous Job Searches

My Submissions

Track your opportunities.

My Submissions

Similar Listings


📁 Economics and Policy Strategy