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2019 ECB Graduate Programme

Employer
EUROPEAN CENTRAL BANK
Location
Germany (DE)
Salary
Competitive salary
Closing date
Apr 8, 2019

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Government & Institutions
Economist, Finance Officer, Analyst
Contract Type
Contract

Type of contract: Fixed-term contract until 31 August 2021, which may be extended subject to individual performance and organisational needs
Who can apply: EU nationals
Salary: E/F band and benefits
Working time: Full-time
Place of work: Frankfurt, Germany
Closing date for applications: Monday, 8 April 2019

Your team
We are looking for up to 15 highly talented recent graduates with a postgraduate degree, preferably a PhD, for the ECB’s Graduate Programme.



You will have different ages, backgrounds and interests and will find intellectual challenges, varied opportunities and a people-centred working culture that gives you a voice and the chance to make an impact – for Europe.



We will give you challenging one-year assignments in two different business areas, matched to your fields of expertise, your interests – which you can indicate during the application process – and our organisational needs. This gives you the opportunity to apply your knowledge in new ways. You can find information on our job profiles below, in the “Further information” section. 



Your successful completion of the programme will be assessed by the Graduate Programme Committee on the basis of performance reviews and your project paper, which you will prepare and submit before the end of the second year. 



The Graduate Programme offers you excellent development opportunities, valuable experience and an insight into the ECB’s tasks and working methods. It could be your starting point for an exciting career at the ECB.



The ECB is an inclusive employer and we strive to reflect the diversity of the population we serve. We encourage you to apply, irrespective of your gender, gender identity, ethnicity, sexual orientation, age, religion, disability or other characteristics.
 

Your role
We will assign you an experienced colleague as a mentor to provide you with support, advice and guidance on participating successfully in the programme.

You will also get a tailor-made training programme that includes a number of in-house and external training opportunities.

You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens. 

Qualifications, experience and skills
Essential:

  • a master’s degree or PhD completed between 1 February 2017 and 31 January 2019;
alternatively you may be due to complete a PhD in 2019 (in this case the master’s degree can have been obtained before 1 February 2017) – candidates with a PhD, or who will
obtain their PhD in 2019, will have a distinct advantage;
  • qualifications in a field of interest to the ECB, e.g. economics, finance, statistics, accounting,
financial/commercial/EU law, data science, political science, European studies, international relations, business administration, journalism and communications, psychology, information technology, civil engineering, engineering, mathematics, languages, human resources, physics, chemistry or facility management;
  • a general interest in European affairs, central banking, banking supervision and matters of relevance to ECB business areas;
  • an advanced command of English and an intermediate command of at least one other official language of the EU.

Desired:

  • a minimum of one year’s working experience in the field of data science (this could be programming, data management, big data tools, data visualisation, artificial intelligence and machine learning, data processing).


You engage collaboratively with others. You pursue team goals and learn willingly from other people’s diverse perspectives. You signal any need for change by explaining it and proposing alternative solutions. You analyse complex information effectively and can evaluate different views to arrive at solutions. You know and anticipate stakeholder needs.

Working modalities
This is a two-year fixed-term contract which we aim to start from 1 September 2019 until 31 August 2021. It may be extended for one additional year. While on the Graduate Programme you can apply for vacancies that are advertised both internally and externally.

Further information
You can find additional information on the Graduate Programme on our website (read more).

The recruitment process for this position may include a pre-recorded video interview at the pre-selection stage and – if you are invited to participate further in the selection procedure – an on-site written exercise and a panel interview. The overall process is expected to run between April and July 2019.



You can chat with us during a Graduateland.com live event on 29 March 2019 from 13:00 to 15:00 CET.

These are the job profiles with related Business Areas for staff at the ECB:



Analysis and policy advice

  • Main areas: Economics, Monetary Policy, International & European Relations, Research, Market Operations, Macroprudential Policy & Financial Stability, Risk Management, ESRB Secretariat, Market Infrastructure & Payments, Secretariat, Counsel to the Executive Board
  • Role: Staff perform analytical and policy work in the areas of economics, finance and markets as well as working to optimise the analytical framework and tools. They lay the groundwork for policy decisions and communications by providing high-quality analysis and advice. They contribute to the intellectual leadership of the ECB, represent the ECB in external areas and maintain productive relationships with stakeholders.


Banking supervision and entities oversight

  • Main Areas: Microprudential Supervision, Secretariat to the Supervisory Board, Market Infrastructure & Payments
  • Role: Staff work to ensure that the European banking system is sound and that financial market infrastructures, payments and the overall financial system in Europe are safe and efficient. They monitor credit institutions’ viability and compliance with rules. They develop supervision policy, methodology and standards, and oversee their application by national supervisors. In particular, staff carry out risk analysis-based surveillance, off-site and on-site supervision/oversight activities, and analytical and policy work, including horizontal analyses and policy proposals for the ECB’s decision-making bodies. They continuously optimise the methodologies and tools used to ensure efficient supervision/oversight, knowledge sharing and a level playing field for all supervised/overseen entities.

Financial market and market infrastructure operations

  • Main areas: Market Operations, Market Infrastructure & Payments, Risk Management
  • Role: Staff plan, coordinate and carry out the ECB and Eurosystem’s market operations, manage and control the risk exposure involved and coordinate the running of the Eurosystem’s market infrastructures (TARGET Services). They also develop the operational frameworks needed to perform these tasks and define solutions for the applications used.


Corporate governance and resilience

  • Main areas: Internal Audit, Operational Risk Management & Business Continuity Management
  • Role: Staff help the ECB to achieve its objectives by strengthening its resilience, protecting its physical and digital assets, and safeguarding its integrity and reputation. To this end they develop and maintain governance, risk management and control systems, or provide independent assurance on the effectiveness and efficiency of such systems. They provide regular and ad hoc opinions to stakeholders and the ECB’s decision-making bodies. Staff acting in a second line of defence role develop and maintain governance, ethical compliance and resilience frameworks and ensure they are implemented. They actively promote the ECB’s ethical and organisational resilience culture by partnering with internal and external stakeholders and providing training, advice and support tools. Staff acting in a third line of defence role (i.e. as internal auditors) work to optimise operations of the ECB, the Eurosystem/European System of Central Banks and the Single Supervisory Mechanism by providing independent and objective assurance and consulting services.


Project management

  • Main areas: Market Operations, Market Infrastructure & Payments, Information Systems, Governance & Transformation Services
  • Role: Staff plan and manage as well as monitor and control projects to create an individual product or service within time, cost, and quality constraints. They work to optimise management standards, frameworks and tools, and engage actively and productively with all stakeholders throughout the project lifecycle.

Banknote management

  • Main area: Banknotes
  • Role: Staff carry out research, develop policies and manage the lifecycle of euro banknotes to ensure the euro area has a sufficient supply of usable, secure banknotes in which the public can be confident. Responsibilities include banknote supply chain analysis, banknote circulation forecasting, R&D for new banknotes and new security features, the security, quality, health, safety and environmental aspects of banknote production and issuance, and technical analysis of counterfeits and the identification of trends in counterfeiting. Staff contribute to decision-making at the ECB in matters related to banknotes, represent the ECB in external areas and maintain close and productive relationships with stakeholders.


Communications

  • Main area: Communications
  • Role: Staff carry out communications work with the aim of making the ECB’s policies, priorities and speakers understood by diverse audiences. They develop the ECB’s media, digital and engagement (internal and external) strategy, evaluate the effectiveness of the ECB’s communications, provide support for high-level visits and conferences, and act as a trusted advisor on communications matters to stakeholders inside and outside the institution.


Knowledge, information, data and statistics

  • Main areas: Statistics, Economics, Information Systems, Secretariat
  • Role: Staff facilitate the production of data, statistics, information and knowledge (including master data and metadata). This includes collecting, compiling, processing and disseminating data and information, as well as managing them and ensuring their long-term preservation. They work closely with staff from other areas of the ECB, as well as the European System of Central Banks, the Single Supervisory Mechanism, the European Systemic Risk Board, other European and international authorities and the general public, and provide user support services to them.

Staff work on the development of advanced analytical models and other innovations in the field of data, statistics, knowledge, information management and analytics. They contribute to European and international standards related to these areas. They continuously enhance methodologies and tools to increase efficiency and data/information quality and to promote the sharing of knowledge. They support the data and information-intensive analysis that underpins policymaking.


Facility management

  • Main area: Administration
  • Role: Staff plan, coordinate and carry out facilities operations and services in all the ECB’s buildings, working to continuously improve service quality and use available resources more efficiently. They maintain the process-related frameworks, standards and policies needed to ensure service excellence.

Finance and sourcing

  • Main area: Finance
  • Role: Staff carry out financial activities on behalf of the ECB and the Eurosystem. Both as business partners and as a second level of control and governance, they help the ECB’s business areas make best use of resources by planning and using budget efficiently, procuring in a sound and effective way and actively managing contracts and vendors. Staff process invoices and accounting for all the ECB’s activities and report on the financial situation and development of the ECB and Eurosystem. They also support the ECB’s business areas in collecting the ECB’s fee income from banking supervision, the T2S platform and other Eurosystem cost-sharing initiatives. Staff develop, maintain and implement the related policies and procedural frameworks, and provide standardised and ad hoc reports and analysis on financial activities.

Language and translation

  • Main area: Communications
  • Role: Staff provide editing services in English, as well as translation services into official EU languages, in relation to ECB, European System of Central Banks and banking supervision documents and correspondence. They ensure the functional equivalence between source and target languages for consistent communication and mutual understanding in the EU countries by clarifying concepts and identifying interpretation issues in the text and by providing multilingual advice, establishing terminology and applying style conventions.

Organisational solutions

  • Main areas: Human resources, Governance & Transformation Services, Organisational Effectiveness Group
  • Role: Staff work to create a state of the art organisational set-up and working culture for the ECB and ensure it can attract, develop and retain talented staff. They optimise the ECB’s internal processes in response to the needs of internal customers and external developments, and guide and support stakeholders through the change management activities this requires.


Legal analysis and advice

  • Main areas: Legal Services, Secretariat to the Supervisory Board, Secretariat
  • Role: Staff ensure that the ECB performs its tasks in line with the applicable legal framework. They provide analysis and advice on all legal aspects of the institutional, regulatory, financial, contractual and supervisory framework of the ECB, the European System of Central Banks and the Single Supervisory Mechanism, and prepare policy decision-making and communication. They also prepare ECB legal acts and instruments in all relevant EU languages. Staff represent the ECB before the EU courts as well as in external fora. They contribute to the intellectual leadership of the ECB and maintain productive relationships with stakeholders.


Information technology

  • Main area: Information Systems
  • Role: Staff ensure the best use is made of information technologies to support business functions and digital transformation. Their responsibilities range from requirements gathering, planning, analysis and design through specification, development, implementation, quality assurance, operations, security, support, maintenance and evolution to decommissioning. They foster IT innovation, partnering other business areas in business process reengineering and smart automation through digital technology advancements. They protect ECB information systems against digital security threats.

For more information on how to apply, please click the 'Apply' button.

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