Economics, Risks and Data Analysis Officer

Economics, Risks and Data Analysis Officer

ESMA - European Securities and Markets Authority

Paris, France

Job framework and profile

The aim of this vacancy notice is to establish a reserve list of suitable candidates for the profile of Economics, Risks and Data Analysis Officer and to recruit in several available positions linked to current and future workstreams.

With the recently agreed additional responsibilities for ESMA, there is a particular need to strengthen our capabilities, to support our direct supervision activities, our efforts in supervisory convergence, as well as to continue to improve our regulatory and cross-cutting functions.

This position is for you if you:

  • enjoy quantitative analysis and have an eye for detail;
  • can identify key issues, patterns, trends and relationships in financial markets data;
  • are able to identify and manage risks;
  • can relate and compare data from different regulatory and proprietary sources;
  • enjoy creating and presenting financial reports structured to ESMA’s business needs;
  • can think “outside the box” (critical thinker); and
  • are able to succeed in a culturally diverse work environment.

Main duties:

As an Economics, Risks and Data Analysis Officer at ESMA your tasks might include the following:

  • carrying out studies, conducting or promoting analyses and producing high-quality written reports in order to support and enhance ESMA’s mission;
  • supporting activities related to impact assessments and cost-benefit analyses;
  • preparing and delivering internal and external briefings and presentations in your areas of expertise;
  • engaging with various types of stakeholders including supervised entities and NCAs to achieve ESMA’s objectives;
  • participating in the supervisory risk assessment process;
  • identification and monitoring ofrisks arising from supervised entities;
  • monitoring activities and data analytics with the objective to identify and address supervisory concerns;
  • designing, implementing, maintaining and assessing reports based on financial markets data;
  • developing and executing business intelligence reports and statistical analyses to support ESMA activities.
  • planning and implementing data quality analysis and proposing or executing remedial actions;
  • contributing to the design of databases, data infrastructure and data governance;
  • contributing to conceptual, methodological and operational documentation on data management and statistical analyses;
  • data cleaning and data mining in large amounts of heterogenous datasets using tradi-tional and data science methods (such as building quantitative/machine learn-ing/predictive models);
  • supportingthe data gathering process and other data users;
  • ensuring timelypublication and updates of relevant datasets; and
  • incorporating and using third party databases.

Main areas of activity

Data and Statistics

Contribute to leading ESMA’s data governance and management and providing statistical data related services to to the organisation internal and external stakeholders (e.g. NCAs, European Commission). This is performed by managing the proprietary and commercial data at ESMA. and executing cutting-edge statistical services to support various ESMA activities such as stress tests, market reports and evidence based rule making. Implementing and overseeing overseeing the regulatory data lifecycle, developing ESMA’s unified approach to data management, including definitions, formats, sourcing, quality management, continuity, automation. Performing analytical and statistical modeling activities related on heterogenous financial datasets, especially with focus on EU-wide regulatorydata sets.

Risk analysis, Innovation and Products

Monitoring market, systemic, investor protection and innovation risks in the EU’s securities markets and financial infrastructures. Providing risk analysis and developing risk indicators on market functioning, investor protection, financial stability, innovation (Fintech) and sustainable finance issues. Contributing to regulatory impact assessments or supervisory stress testing. Contribution to the work of EU and international bodies, such as the European Systemic Risk Board (ESRB), International Organization of Securities Commissions (IOSCO) or the Financial Stability Board (FSB). Drafting risk monitoring and risk analysis reports such as ESMA’s Trends, Risks, and Vulnerabilities and the ESMA Annual Statistical Report series.

Market Data

Development of data quality action plans, including ESMA’s and National Competent Authorities measures for enhancing the quality and usability of market data. Defining the methodologies to assess the quality of the data provided by trade repositories and data service providers and to measure the effectiveness of the measures taken. Setting up orreviewing existing regulatory frameworks for reporting market data under EMIR, SFTR, MIFIDII/MIFIR, MAR and other relevant regulations.

Supervisory Data

Contribute to ESMA’s risk-based and data-driven supervision through the analysis of quantitative and qualitative information. Support the identification of supervisory concerns, translate data-related findings in relevant risk scenarios and engage with supervised firm to remediate where necessary. Develop and implement tools to enhance analytical capabilities across supervisory activities, for example in the area of Data Reporting Service Providers, Trade Repositories and Central Counterparties. Central Counterparties (CCP) Analytical and statistical support for the supervision of CCPs. This may entail analysis of information reported by the CCPs and monitoring of developments that may impact EMIR compliance or EU financial stability. Analysis of CCP risk models, contribute to CCP stress test exercises, and support the drafting of reports on the compliance of CCPs with EMIR prudential requirements. Development of data analysis methodologies and systems to supports upervisory activities.

Professional qualifications and other requirements

Eligibility criteria

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 having obtained the diploma,one year of proven professional experience;
  • be a national of a Member State of the European Union or the EEA (Norway, Liechtenstein, Iceland);
  • enjoy full rights asa citizen;
  • have fulfilled any obligations imposed by the applicable laws concerning military service;
  • have a thorough knowledge of one of the languages of the European Union and a satisfactory knowledge of another language of the European Union; and
  • be physically fit to perform the duties linked to the post.

Selection criteria

Essential requirements

  • Experience with quantitative analysis techniques (e.g.statistical, mathematical, or numerical analysis of data);
  • Work experience of at least one (1) year (acquired after obtaining the minimum qualification/education, see point 3A) in at least one of the following industries/areas:
    • Economics, finance, statistics or another relevant field;
    • Data modelling and management;
    • Developing or assessing risk models;
    • Experience in data analysis using tools such as Stata, R, Python; SQLor similar;
  • Excellent written and oral English and clear and concise writing style.

Advantageous requirements

  • Knowledge provenby education or work experience of the EU financial sector, in particular the regulations of the securities markets (e.g. MiFID 2/MiFIR, MAR, EMIR, SFTR,CRAR, STS, BMR, AIFMD/UCITS);
  • Professional trainingor university degree or PhD ineconomics, physics, mathematics, statistical/econometric techniques or finance (e.g risk analysis, financial modelling, data science);
  • Work experience in handling large datasets with analysis tools such as Stata, R and Python;
  • Work experience in the areas of economic analysis or data management or data quality; and
  • Motivation for the advertised position.

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© EuroJobsites 2021

EuroJobsites is a registered company number: 4694396 VAT number: GB 880 9055 04

Registered address: EuroJobsites Ltd, Unit 8, Kingsmill Business Park, Kingston Upon Thames, London, KT1 3GZ, United Kingdom

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