Type of contract: Fixed-term contract which may be converted into a permanent contract after three years subject to individual performance and organisational needs
Who can apply: EU nationals
Salary: H band and benefits
Working time: Full-time
Place of work: Frankfurt, Germany
Closing date for applications: Wednesday, 20 March 2019
The Single Supervisory Mechanism (SSM) refers to the system of banking supervision in Europe. It comprises the ECB and the national supervisory authorities of the participating countries.
You will be part of the Prudential Regulation and Accounting Section in the Supervisory Policies Division of the Directorate Microprudential Supervision IV. We provide advice to the Joint Supervisory Teams on all accounting-related issues and issues related to the prudential framework. We also manage relations with statutory auditors and participate in relevant European and international working groups.
To further enhance the diversity of our team, we particularly encourage applications from female candidates.
As a Principal Supervisor, you will:
- provide high-quality advice on policy issues related to accounting standards and the prudential framework, in particular the International Financial Reporting Standard (IFRS 9) and own funds;
- contribute to developing banking supervision policies on the application of the Basel principles, both globally and within EU regulations;
- prepare notes, memos, external publications and dossiers for the Supervisory Board of the ECB;
- manage projects aimed at improving the implementation of supervision and accounting standards in significant credit institutions and maintaining regular contact with audit firms;
- act as a point of contact and mentor for (new) staff members within the Division and coordinate teams of staff.
The position offers 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 an agile, multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.
Qualifications, experience and skills
- a master’s degree or equivalent in a relevant field, preferably in business administration or law (for details on degree equivalences, read more);
- in addition to the above five or more years of professional experience in the field of IFRS (ideally including financial instruments) or own funds;
- several years of experience in preparing financial statements, or as an auditor or consultant in the area of public IFRS reporting, as a researcher or policymaker in accounting, or as a lawyer specialised in own funds;
- proven knowledge and expertise in the field of IFRS 9 or own funds, and a sound general understanding of prudential legislation (e.g. Capital Requirements Regulation/Capital Requirements Directive);
- an advanced command of English and an intermediate command of at least one other official language of the EU.
- three years of experience in successfully coordinating projects and/or teams;
- experience in providing financial policy analysis, particularly in assessing prudential policy questions to facilitate an informed internal and external policy debate;
- knowledge of other official languages of the EU.
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. You are skilled at encouraging people to develop their abilities and are able to build up high-performing teams.
Working for European banking supervision involves spending short periods of time abroad for on-site visits or training. 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.
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, presentation and interviews.