Experienced Financial Sector Policy Expert

ESM - European Stability Mechanism

Experienced Financial Sector Policy Expert

ESM - European Stability Mechanism

Luxembourg

Deadline for application: 11 June 2022

We are looking for an experienced Financial Sector Policy Expert to join our dynamic and diverse team in the Financial Sector and Market Analysis division, part of the Chief Economist Department, of the European Stability Mechanism ("ESM"). The selected candidate will report to the Head of Financial Sector and Market Analysis division.

The Financial Sector and Market Analysis 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 macro analyses with the market view. The risk analysis informs country-based monitoring of financial assistance post-programme activities and assists other divisions in responding 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 be part of a team contributing to the analysis of the financial sector regulatory framework within the areas of strategic importance for the ESM. The role entails coordinating/working on assignments related to the completion of banking and capital markets union and new regulations on the euro area non-banking sector to develop an ESM policy stance and support ESM representation in EU policy forums and other international gatherings. The selected candidate will also support the team in the development and execution of an enhanced risk-monitoring framework to detect systemic risks stemming from the financial sector and its regulation and to inform the ESM policy response. The successful candidate will support country specific teams in providing technical analysis and advice on the design and implementation of financial sector policies in programme countries.

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. 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 210 individuals from around the world committed to making a difference to the future of the euro area. It recruits talented professionals from any nationality from both the private and public sector.

KEY ACCOUNTABILITIES

  • Serve as a subject matter expert on financial sector policies, regulation and related institutional relations in the euro area;
  • Coordinate/participate in the preparation of banking and non-banking sector policy notes for ESM governing bodies and senior management meetings;
  • Support ESM representation in EU policy forums and other international gatherings;
  • Keep abreast of the latest developments in the regulatory debate affecting the financial sector within the European and international bodies;
  • Analyse the impact of new regulation on the euro area financial sector;
  • Support the division’s management with outreach activities related to consulting with industry and external bodies on the impact of policies and regulations;
  • Identify the risks for the financial sector stemming from new regulation and propose a policy stance;
  • Identify factors affecting financial sectors in specific countries and in the euro area as a whole;
  • Provide technical analysis and advice on the design and implementation of banking and non-banking sector policies in programme countries.

KEY BACKGROUND & EXPERIENCE

  • Master’s degree, preferably in banking and finance. For PhD holders, up to two years of relevant research work, performed in the context of PhD studies, can be considered as relevant work experience;
  • At least six years of relevant professional experience in financial sector policies, regulation and related institutional relations;
  • Thorough understanding of banking industry framework, its regulation, and EU institutions;
  • Proven ability to draft technical documents and professional reports;
  • Proven ability to present information professionally and concisely with supporting evidence;
  • Experience in analysing financial institutions’ performance would be an asset;
  • Proficiency in Microsoft Office;
  • Experience in Bloomberg or Reuters would be an asset;
  • Diverse experience within the private sector and international financial institutions or other international organisations would be an asset;
  • Experience working in cross-functional teams would be an asset;
  • A track record of academic publications would be an asset;
  • Excellent oral and written English skills, additional languages are an asset.

KEY COMPETENCIES

  • Analytical and problem-solving skills;
  • Critical, innovative and strategic thinking;
  • Rigour and attention to detail;
  • Communication and interpersonal skills;
  • Teamwork and collaboration oriented;
  • Resilience, flexibility, and adaptability;
  • Inclusiveness and respect to diversity.

Contract duration: four-year fixed term contract, with 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.

Note 1: The ESM reserves the right to refrain from hiring, or to slightly modify job responsibilities, as needed.
Note 2: 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.

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© EuroJobsites 2022

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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