Deadline for application: 28 September 2021
We are looking for banking experts to join our dynamic and diverse team in the Financial Sector and Market Analysis (“FSM”) division, part of the Chief Economist department, of the European Stability Mechanism (“ESM”).
The FSM division analyses risk developments in the euro area financial sector and investigates macro-financial interlinkages and policy implications for the euro area and its member states. The division follows the market activity of financial institutions and the related indicators to complement the fundamental and macro analyses with the market view. The FSM risk analysis informs country-based monitoring in the context of financial assistance post-programme activities and assists other divisions in response to financial assistance requests by estimating potential financing needs and sectoral weaknesses. FSM experts may participate in country missions as part of the post-programme monitoring framework.
The successful candidate will support the FSM team in in the development and execution of an enhanced risk-monitoring framework to detect systemic risks stemming from the banking sector and to inform the ESM policy response. S/he will participate in developing and maintaining the division’s models to support the analysis of banking and financial sector risks. S/he will contribute to the operational implementation of the “common backstop” to the Single Resolution Fund. S/he may participate in country monitoring activities under the ESM’s Early Warning System).
The 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.
The ESM is a unique place to work with around 220 individuals committed to making a difference to the future of the euro area. It recruits talented professionals from every nationality from both the private and public sector.
Contract duration: Two-to three-year fixed term contract, with the possibility of extension.
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 enhance the diversity of our workforce, we particularly encourage women to apply.