Your role
As a Senior Financial Stability Expert you will:
1. run top-down stress-testing tools and conduct quantitative sensitivity analyses;
2. run dynamic, macro/micro stress-testing models to deliver a top-down, macroprudential perspective for regular EU-wide stress test;
3. develop and apply impact assessment tools, including credit risk models, market and liquidity risk models, contagion models of linkages between the financial and non financial sectors and macro stress-testing tools;
4. provide input for the deliverables of the Division and the Directorate General (such as reports, notes and internal briefings) and coordinate contributions from the team and other experts;
5. provide guidance to junior colleagues;
6. liaise with stakeholders, including ECB banking supervisors, national competent authorities and the European Banking Authority.
For these roles we are seeking candidates who demonstrate the potential for growth and we will support the selected candidates in their development of the required skills.These positions offer you a unique opportunity to contribute to European financial stability and learn from some of the best experts in the field of stress-testing and macroprudential policy impact assessment. 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:
7. a master’s degree or equivalent in economics, finance or another relevant field (see for details on degree equivalences);
8. in addition to the above, a minimum of seven years’ professional experience at expert or economist level in financial stability and macroprudential policy analysis (or a PhD in a relevant field plus three years’ professional experience at expert or economist level);
9. experience in stress testing, in particular in developing and implementing top down models or in calibrating macro-financial scenarios;
10. a working knowledge of one or more programming languages or software packages such as Stata, Python, Dynare, R, SQL or MATLAB;
11. an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the .
Desired:
12. a PhD and a publication record in an area relevant to the work of the Division;
13. proficiency in drafting briefings or policy notes and presenting analytical results.
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 motivated to contribute to the ECB’s mission, to serve the citizens of the EU as a member of a public institution and to work with colleagues from all over Europe.You are motivated to be part of our team and to develop and use your skills and competencies to achieve the aims of this position.
Working modalities
We would be happy to discuss part-time arrangements for these roles.