TRAINEESHIP – Policy Strategy and Institutional Relations

Economics and Policy Strategy
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Deadline for application: 2 December 2020


We are looking for candidates studying towards (or recent graduates of) a Masters’ degree, PhD, or postdoctoral programme to assist the Policy Strategy and Institutional Relations division of the European Stability Mechanism (ESM). The aim of the traineeship is to provide promising young professionals with an opportunity to understand how the ESM works, while contributing to its mission and pursuing their research interests.

The Policy Strategy and Institutional Relations division is responsible for policy work, analysis, and design of the ESM’s role and instruments for the provision of stability support as well as for interacting with institutional counterparts, including International Financial Institutions and Regional Financial Arrangements, and credit rating agencies. It also takes the lead on ESM’s policy review activities.

The ESM is the permanent crisis resolution mechanism for the countries of the euro area. It has launched six financial assistance programmes, provided financial support, monitored repayment capacity, and engaged with partner institutions in the design of programmes in particular in the area of finance. The ESM has just received an expanded mandate from European leaders, which it will implement in the months and 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.

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 of any nationality from both the private and public sector.



During a three-to-six-month period, the successful candidate will support the team in preparing policy notes and briefings in relation to the ESM’s mandate and instruments, also in the context of the collaboration with other Regional Financial Arrangements. The successful candidate may also deal with topics related to the deepening of the Economic and Monetary Union, provide research assistance, and/or carry out an agreed research project in line with the division’s objectives.



  • A candidate (or recent graduate within one year since graduation) for a Master’s Degree in economics or finance, a PhD student within a year or two of completing a PhD and active student status, or a postdoctoral researcher who recently completed his or her PhD
  • Fluency in English, both oral and written



  • Strong analytical, data management, and writing skills
  • Intellectual curiosity and eagerness to learn
  • Proactive attitude



  • Deadline for application: 2 December 2020
  • Expected start date: June-September 2021
  • Expected duration: 3-6 months
  • Competitive allowance granted


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 further enhance the diversity of our workforce, we particularly encourage women to apply.

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