Economist (ESCB/IO) in the International Policy Analysis Division

General Information

Type of contract Short‑term contract, which may be extended to up to 36 months subject to individual performance and organisational needs.

Contract end date .

Who can apply? EU nationals working for national central banks of the ESCB, international governmental organisations or other employers performing central banking or banking supervision tasks within the framework of the Eurosystem.

Salary F/G (bracket 1 – step 1) full‑time monthly net salary: €7 465 plus benefits, for further information see what we offer.

Working time Full time.

Place of work Frankfurt am Main, Germany.

Closing date .

The ECB is a committed inclusive employer and strives to reflect the diversity of the population it serves. It encourages applications irrespective of age, disability, ethnicity, gender, gender identity, race, religious beliefs, sexual orientation or other characteristics.

Your team

You will be part of the International Policy Analysis Division in the Directorate General International and European Relations. The Division prepares policy positions for the ECB, the Eurosystem and the European System of Central Banks on European and global macroeconomic and financial issues. Current projects involve global imbalances, geopolitical fragmentation, technological innovation and the digitalisation of money.

In your role as an Economist you will be part of a team of about 25 staff who prepare policy positions, analyses and briefings on global international markets – including exchange rates, capital markets and commodities – to support the Governing Council’s decision‑making. The team also prepares policy positions and analyses on issues relating to the international monetary system, the international role of the euro, the international financial architecture, global financial stability risks, and the global dimension of central bank policies. In addition, we analyse activities of the G7, G20, IMF and BIS and support the ECB’s representation in these fora.

Your role

• Contribute to the analysis of exchange rates, commodity markets, international financial issues and/or global interlinkages;
• Conduct analysis using, and/or contribute to the further development of, models or tools in the Division’s areas of competence;
• Develop policy positions and carry out substantive analytical work on issues related to global governance and the international monetary and financial system;
• Contribute to the preparation of briefings on issues related to international fora, including meetings of the G7, G20, IMF and BIS, within the Division’s area of expertise;
• Contribute to ECB publications and external communications.

The position offers an excellent opportunity to contribute to the analysis of international topics and help shape the ECB’s policy views. 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 equivalent in economics, international finance or another relevant field (see How you can join us on our website for details on degree equivalences);
• At least four years’ professional experience (excluding internships and traineeships) in analysing global policy issues, global capital markets and/or international financial issues;
• Track record in preparing and communicating policy‑related material in non‑technical terms, both orally and in writing;
• An advanced ('C1') command of English and an intermediate ('B1') command of at least one other official language of the EU, according to the Common European Framework of Reference for Languages.

Desired

• A PhD in economics, finance or another relevant field;
• An excellent understanding of macroeconomics and international financial markets;
• Experience in applied empirical work and in the application of econometric methods and/or structural modelling for policy analysis;
• Experience in preparing and/or coordinating policy‑related material;
• A publication record in areas related to the Division’s fields of interest.

You engage collaboratively with others, pursue team goals, learn willingly from diverse perspectives, signal any need for change by explaining it and proposing alternative solutions, 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.

Further information

The contract offered will be short‑term ESCB/IO, the appointment being for 12 months as of the exact starting date of the selected person, extendable to up to 36 months. Candidates must have a contract of employment with their home institution for a period of at least one year beyond the duration of the ECB contract being offered.

For additional information on this specific vacancy, you can speak to the hiring manager, Stylianos (Stelios) Makrydakis, on +49 (0)69 1344 6582 between 12:00 and 13:00 on Monday, 27 July.