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.
As an Economics, Risks and Data Analysis Officer at ESMA your tasks might include the following:
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.
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.
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.
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.
To be considered eligible, candidates must satisfy all the eligibility criteria listed below, by the deadline for submitting applications: