Advisers in Microprudential Supervision

Location:
Frankfurt, Germany
Industry Sector:
International Public Sector
Type of contract:
Contract
Salary:
Competitive

Advisers in Microprudential Supervision

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Application closing date: 22 February 2018

Your team

You will be part of one of three divisions: i) Methodology and Standards Development, ii) Planning and Coordination of SEP (Supervisory Examination Programme), both of which are in the Directorate General Microprudential Supervision IV, or iii) Supervisory Quality Assurance, which is in the Directorate General Secretariat to the Supervisory Board.

The Methodology and Standards Development Division develops supervisory methodologies and standards and ensures they are applied throughout the Single Supervisory Mechanism (SSM), i.e. the system of banking supervision in Europe. The SSM comprises the ECB and the national supervisory authorities of the participating countries.

The Planning and Coordination of SEP Division conducts strategic and operational supervisory planning for the SSM and monitors the implementation of established supervisory programmes.

The Supervisory Quality Assurance Division ensures that the SSM methodological framework is properly used and continuously enhanced, promoting the highest supervisory standards and guaranteeing fair treatment of banks across the Joint Supervisory Teams and across both direct and indirect supervision.

In your role as Adviser, you will be assigned to one of the three divisions, and be part of a team providing project management support to several ongoing ECB-wide initiatives on a horizontal level. Each team deals with many challenging topics related to the execution of ongoing and on-site supervision, the allocation of specialised knowledge and expertise, and the collaboration of various stakeholders within the ECB and the SSM, including national authorities.

To further enhance the diversity of our team, we particularly encourage applications from female candidates.

Your role

As an Adviser you will:

  • advise banking supervision management and Joint Supervisory Teams on consistency and level playing-field issues in relation to the implementation of the supervisory methodology and planning;
  • improve supervisory processes in your fields of expertise;
  • manage and coordinate a small team of staff members;
  • prepare notes, memos, external publications and dossiers for the Supervisory Board and the ECB’s decision-making bodies;
  • organise and deliver training sessions;
  • participate in or chair working groups and committees that develop methodologies and standards in your areas of expertise;
  • contribute to the further development of the Information Management System (IMAS), the integrated system and key tool for supervisory work across all jurisdictions, in collaboration with other divisions.
In addition, you will:
Methodology and Standards Development Division: 

  • coordinate and oversee the roll-out of the Supervisory Review and Evaluation Process together with the Joint Supervisory Teams;
  • coordinate and organise dedicated workshops with all relevant stakeholders to continue building up the highest standards of supervision;
  • develop risk assessment methodologies and processes.

Planning and Coordination of SEP Division:

  • coordinate and monitor the supervisory planning process, including the definition of the SSM’s supervisory priorities;
  • define the levels of supervisory engagement with significant institutions and translate strategic priorities into tangible supervisory tasks;
  • assist the Joint Supervisory Teams in creating individual SEPs and in integrating them and on-site missions into a single consolidated SEP.
  • contribute to the further development of the Information Management System (IMAS), the integrated system and key tool for supervisory work across all jurisdictions, in collaboration with various other divisions.

Supervisory Quality Assurance Division:

  • develop quality assurance methodologies and processes;
  • perform quality assurance reviews throughout the SSM;
  • coordinate SSM interaction with internal and external audit teams, including follow-up activities.

The positions offer you excellent opportunities to contribute to the harmonisation of supervisory standards and to the soundness and stability of the European banking system. 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 in a relevant field (e.g. economics, finance, business administration, law, accounting, statistics, econometrics, mathematics, engineering), or a bachelor’s degree in one of these fields combined with at least four years of relevant professional experience;
  • at least eight years (in the case of a bachelor’s degree 12 years) of professional experience in the field of banking supervision, financial stability or financial services (including consulting, auditing or other advisory services in a supervisory or regulatory context);
  • experience of successfully coordinating a team of highly qualified staff;
  • an advanced command of English and an intermediate command of at least one other official language of the EU.

Desired: 

  • proven experience in project management, process improvement, planning or controlling, preferably in the context of banking supervision/regulation;
  • experience at a comparable international public sector organisation or private sector company related to financial services;
  • a sound knowledge of management information systems and/or operations research.

You engage collaboratively with others. You pursue team goals and can draw on the strengths of a diverse team to get the best results. You support the efforts of team members to develop their abilities and are able to build up high-performing teams. You facilitate change and can articulate strategic priorities and scenarios for your team.

Working modalities

Working for European banking supervision involves spending short periods of time abroad for on-site visits. This important part of our work is complemented by an environment in which well-being and a good work-life balance are fostered. Playing a role in European banking supervision also entails collaborating in multinational and multicultural teams and operating in the context of different national frameworks, for which a strong ability to use different EU languages for business purposes is an asset.

We are willing to discuss part-time arrangements.

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European Central Bank (ECB)

The European Central Bank (ECB) is the central bank for Europe's single currency, the euro. The ECB’s main task is to maintain the euro's purchasing power and price stability in the euro area. The euro area comprises the 19 European Union countries that have introduced the euro since 1999.

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