Deadline for application: 18 August 2021
We are looking for a senior economist to work in the Policy Strategy and Institutional Relations division. The selected candidate will contribute to the ESM role and mandate by reviewing and providing recommendations the delivery of financial assistance and country monitoring. Specifically, s/he will review assessments of borrowers’ repayment capacity, macroeconomic and financial risks, as well as important financial assistance-related institutional recommendations, policies and other documents. S/he will further develop and ESM financial assistance instruments and frameworks as well as maintain and review processes and policies. S/he will report to the Head of Policy Strategy and Institutional Relations.
The European Stability Mechanism (“ESM”) is the permanent crisis resolution mechanism for euro area countries. It provides financial assistance to Members facing financing difficulties. European leaders have agreed to an expanded mandate for the ESM, which it will implement in the years ahead. The ESM will have a stronger role in the analysis of financial stability risks and design of policy measures in programmes, jointly with the European Commission; it will provide the Single Resolution Board with a financial backstop to support effective and orderly resolution of banks. In the context of the current Covid-19 crisis, the ESM has established a precautionary credit line as one important element in the joint European response to the pandemic.
The ESM is a unique place to work with around 200 individuals from around the world committed to making a difference to the future of the euro area. It recruits talented professionals of any nationality from both the private and public sector.
Contract duration: Three-year fixed term contract
Note: As a result of the selection process, please note that you may be placed on a ‘reserve list’ valid for a duration of six months during which you might be considered for a similar position with a similar level of requirements. Only those candidates who have been notified will be placed on the ‘reserve list’. After this period, you will need to apply again for our vacancies to be considered for a different selection process.
The ESM aims to provide equal opportunity to all candidates irrespective of their gender, nationality, age, race, culture, education, religious beliefs, sexual orientation or disability. To further enhance the diversity of our workforce, we particularly encourage women to apply.