ESMA is an independent Paris-based EU Authority. ESMA's mission is to enhance investor protection and promote stable and orderly financial markets. This mission is derived from ESMA's founding Regulation and encompasses three objectives:
ESMA achieves these objectives through four activities: (i) assessing risks to investors, markets and financial stability, (ii) completing a single rulebook for EU financial markets; (iii) promoting supervisory convergence; and (iv) directly supervising specific financial entities.
For further information, please refer to ESMA's website: http://www.esma.europa.eu.
ESMA is organising a selection procedure for the post of ESMA Executive Director. The Executive Director is a full-time independent professional, member of ESMA staff, based in Paris (France). He/she is responsible for the day-to-day management of ESMA and for setting and executing ESMA's work programme.
He/she will be accountable to the ESMA Board of Supervisors and its Chair in particular, and report to the Board of Supervisors on an on-going basis on the development of the ESMA activities. The Executive Director's term of office shall be five years and may be extended once.
The ESMA Executive Director will be responsible for the tasks laid down in the Regulation establishing ESMA, in particular:
To be considered eligible, candidates must satisfy all the eligibility criteria listed below, by the deadline for submitting applications:
have at least a level of education which corresponds to completed university studies of three years attested by a diploma, and after obtained the diploma, sixteen (16) years of proven professional experience;
Applications which fulfil the above Eligibility criteria (part A) will be assessed and scored against the Essential requirements (part B.1). Candidates who do not meet all of the Essential requirements (part B.1) will be excluded from the selection process.
Candidates, who meet all of the Essential requirements (part B.1), will be assessed and scored against the Advantageous requirements (part B.2). Within this comparative evaluation of applications, up to eight (8) best candidates who obtain the highest scores will be invited for interviews with the Selection Board.
a) At least fifteen (15) years of experience (acquired after the required level of education, see part 3A), of which at least five (5) years at a senior position in the area of ESMA's activities;
b) Experience in a managerial role with a high level of responsibility for at least 5 years;
c) Excellent written and spoken English.
d) Thorough knowledge of and proven experience in financial markets, financial regulation and/or supervision/oversight of securities markets at national, EU or international level;
e) Thorough understanding of the EU Institutions, EU decision-making processes, EU and international activities of relevance to ESMA;
f) Proven capacity to take decisions, both at strategic and operational level;
g) Experience of budgetary, financial and/or human resources management in a national, EU and/or international context;
h) Ability to lead and motivate a team including technical, administrative and support staff;
i) Work experience in a multicultural environment; and
j) Motivation for the advertised position.
k) Excellent communication and presentation skills with the ability to communicate clearly and present complex subjects simply, both orally and in writing, whether in public or in meetings with internal or external stakeholders;
l) Excellent interpersonal skills, including the capacity to deal and negotiate with high level governmental representatives as well as financial market participants;
m) Strong sense of responsibility, integrity, initiative, self-motivation and commitment to work in the public interest and serve the EU as a whole.
Candidates invited (up to 8) to the interviews will be informed (in the invitation letter) of the composition of the Selection Board. The candidates will be assessed during the interview against all selection criteria (parts B1 & B2 & B3).
As a result of the interviews, up to five candidates will be included in the reserve list and be invited for an one-day assessment centre, followed by an interview by the ESMA Board of Supervisors.
This selection procedure is the basis for the establishment of the reserve list. Inclusion on the reserve list does not guarantee the appointment. Applicants should note that the reserve list may be made public, once it has been adopted by the Selection Board.
The Selection Board's work and deliberations are strictly confidential and any contact with its members is strictly forbidden. Any contact made by the candidates or third parties in order to influence the Members of the Selection Board in relation to the selection constitutes grounds for disqualification from the selection procedure.
As a next step, the shortlisted candidates (up to five) will be invited to give a presentation on a pre-defined topic (followed by an interview) by the ESMA Board of Supervisors.
The presentations and the interviews will take place on the same day. The topic of the presentation will be communicated to the shortlisted candidates in the invitation for the interview with the Board of Supervisors.
The Executive Director shall be appointed by the Board of Supervisors, after confirmation by the European Parliament. The envisaged start date of the contract is 1 May 2021.
Candidates may be required to undergo further interviews and/or tests in addition to those indicated above.
See the vacancy notice.
Candidates must apply by sending the following documents, by the specified deadline, to firstname.lastname@example.org or via the ''Apply'' button.
ESMA_2020_VAC10_AD14_FAMILY NAME_First name_CV
Motivation letter of no more than 2 pages, explaining the interest and motivation of the candidate for this particular post, saved as:
ESMA_2020_VAC10_AD14_FAMILY NAME_First name_Motivation letter
Indication in the subject line of the email:
ESMA_2020_VAC10_AD14_FAMILY NAME_First name
Application documents must be completed in English. In order to be considered, applications must be received by 23:59:59 CET on the closing date. We advise candidates to submit their applications well ahead of the deadline, in order to avoid potential problems.
Please consult the Candidates Guidelines for instructions on completing your application.
All correspondence will take place by email, so candidates should ensure that the email address is correct and that it is checked regularly.
Applicants will be assessed on the basis of the eligibility and selection criteria specified in the vacancy notice (as explained in part 3) and these must be met by the deadline for submitting applications.
Leave, Pension and Sickness Insurance
For more information, please refer to Careers' page of ESMA: https://www.esma.europa.eu/about-esma/careers.