Lead Supervisors in the Financial Risk Inspections Division (ESCB/IO) - DG-OMI

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 H (bracket 1 - step 1) full time monthly net salary: €10,223 plus benefits, for further information see what we offer .

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date

Your team

You will be part of the Financial Risk Inspections Division in the Directorate General On-Site & Internal Model Inspections. Our Directorate General has around 300 members of staff who plan, perform and coordinate on-site inspections and internal model investigations in collaboration with the national competent authorities. We perform the inspections and investigations partly on the premises of supervised banks and coordinate the planning and execution of the on-site supervisory programme. We also develop and maintain comprehensive on-site methodologies for inspections and investigations, ensure harmonised on-site approaches for the assessment of supervised banks, and contribute to the identification of risks and supervisory priorities.

In your role as a Lead Supervisor in the Financial Risk Inspections Division, you will mainly be responsible for conducting asset quality reviews (AQRs) in the area of credit risk. Please note that we are looking for two different profiles – one focused more on the credit risk modelling part of AQRs and the other focused more on the extensive credit file reviews performed as part of AQRs.

The Single Supervisory Mechanism (SSM) is the system of banking supervision in Europe. It comprises the ECB and the national supervisory authorities of the participating countries.

First-line banking supervision under the SSM is composed of three main complementary and coordinated activities: (i) the vertical line, involving continuous off-site supervision of banks by joint supervisory teams; (ii) the horizontal line, which provides horizontal assessments and benchmarks across the banking sector; and (iii) on-site inspections and internal models investigations, providing in-depth supervision of focused risks or issues on a bank-by-bank basis.

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 age, disability, ethnicity, gender, gender identity, race, religious beliefs, sexual orientation or other characteristics.

Your role

• contribute to AQRs in the centralised quality assurance function to ensure a consistent application of the AQR manual and high-quality outputs in line with the applicable regulations and methodologies;
• review and draft policy-related, methodological and operational documents, supporting more junior colleagues in the application of supervision or oversight policy, methodology and standards;
• lead cross-functional project teams, delegate tasks, manage deadlines and deliverables, prioritise output and resource allocation, provide guidance, clarify expectations, and set standards;
• contribute to knowledge sharing and collaboration across the Directorate General and ensure sound cooperation with other directorates general at the ECB;
• provide technical mentoring to and coach team members and individuals on a technical level, building subject matter expertise and providing performance feedback.

The position offers you an excellent opportunity to contribute to financial stability in Europe through your work as an on-site inspector, to further develop your ability to think analytically and challenge the senior managements of banks on complex issues, engaging with others in a collaborative and constructive manner.

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 accounting, business administration, economics, finance, mathematics, physics or another relevant field (see How you can join us for details on degree equivalences);
• a minimum of six years’ relevant professional experience in the field of risk analysis/assessment at a banking supervisory authority, financial institution, audit or consultancy company, and/or central bank;
• a sound understanding of credit risk, particularly risks related to credit risk modelling and corresponding techniques for credit risk assessment;
• extensive professional experience in performing credit file reviews;
• professional experience in handling and analysing large datasets;
• a sound understanding of European prudential regulation;
• communication and presentation skills gained in a multicultural environment and the ability to engage with a range of internal and external stakeholders, including senior management, staff and external consultants;
• 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:

• five years’ professional experience in on-site banking supervision, preferably on credit risk;

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.

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

Working for European banking supervision might involve spending periods of time abroad for on-site missions in banks. Hybrid approaches including time spent on-site and remotely are fully embedded in our on-site supervisory culture. 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.

Further information

The contract(s) 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, Demelza Jurcevic, on +49 (0) between 14:00 and 15:00 on Tuesday, 29 September.

Application and selection process

The recruitment process for this position will be conducted remotely. It will include a presentation and an online interview.

If you are not selected for this position but are still considered suitable, you will be placed on a reserve list (see step 4 of How we hire ), from which you might be considered for similar positions within the ECB.