Traineeships - Policy Strategy and Institutional Relations

Economics and Policy Strategy
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Deadline for application: 9 December 2021


We are looking for candidates studying towards (or recent graduates of) a Masters’ degree, PhD, or postdoctoral programme to assist our 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 ESM is the permanent crisis resolution mechanism for the countries of the euro area. 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. During the euro crisis it has launched five financial assistance programmes, provided financial support, monitored repayment capacity, and engaged with partner institutions for programme design in areas of financial interest. In parallel to its activities as a policy institution the ESM is also one of the big issuers of euro-denominated debt with a large global investor base. The ESM has recently received an expanded mandate from European leaders, which it will implement as of next year. The ESM will act as the backstop to the Single Resolution Fund (SRF) and have a stronger role in financial stability risk analysis and the design of policy measures in programmes jointly with the European Commission. The ESM supported programmes have been evaluated for example for their relevance and effectiveness in exercises led by external high-level evaluators.


The ESM is a unique place to work with around 210 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 period of up to six months period, the successful candidate will support the team in preparing policy notes and briefings in relation to 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 Monetary Union, provide research assistance, and/or carry out an agreed research project in line with the division’s objectives.


In addition, we welcome candidates for a six month traineeship to support the ESM evaluation function in launching a new evaluation process and to contribute to the necessary development of evaluation tools and guidelines, as well as to keep track on deliverables.



  • 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 candidate who recently completed their PhD
  • For the evaluation function, a candidate with similar background in policy and programme evaluation in combination with economics or business administration with practical knowledge of QDA applications.
  • Fluency in English, both oral and written



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




  • Expected start date: as soon as possible
  • 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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