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Deadline for application: 31 May

We are looking for experts in financial sector and market analysis to reinforce our Financial Sector and Market Analysis division (FSM) and expand the current monitoring framework of the euro area financial system.

The FSM division provides risk analysis and technical advice on regulatory and policy matters related to the financial sector in the euro area and its member states; it monitors financial sector developments, market activity of bank and non-bank financial institutions and related indicators. The FSM division informs country monitoring with its financial sector view and assists other divisions in response to financial assistance requests by assessing potential financing needs.

The successful candidate will contribute to designing new analytical tools and executing an extended monitoring framework to detect systemic risks stemming from all financial sector compartments and to assess their interlinkages with sovereigns. S/he will contribute to effectively deploying financial market information to enrich the risk-signalling toolkit and analyse interactions between the financial sector and the macroeconomy. S/he will participate in policy research projects, contribute to topical notes on financial sector and stability risks, and produce analytical work in support of ESM outreach efforts in publications, seminars and conferences. The selected person will report to the Head of FSM.

The European Stability Mechanism (“ESM”) is the permanent crisis resolution mechanism for the countries of the euro area. It has launched five financial assistance programmes, provided financial support, monitored repayment capacity and engaged with partner institutions in the design of programmes in particular in areas of financial interest. To ensure crisis preparedness and timely policy intervention the FCM division provide financial sector insight and follow financial sector developments in the euro area countries.

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.

KEY ACCOUNTABILITIES

  • Provide top quality analysis of risks and vulnerabilities in the euro area financial sector with main focus on the non-bank financial sector (NBFS), including insurance companies and pension funds;
  • Monitor systemic financial institutions that may affect financial stability in the euro area;
  • Contribute to developing new analytical tools to identify factors affecting the financial sector in specific countries and in the euro area; support scenario simulations and back-testing analyses;
  • Contribute to research, policy notes, and briefings on financial sector and capital market developments, namely on NBFS developments and emerging risks;
  • Track debt and equity markets and report on significant market movements and capital market transactions that can affect funding structure and financial conditions of systemic financial institutions and/or their investment and lending policies;
  • Understand and analyse top-down and bottom-up stress test results conducted by European Supervisory Authorities (ESAs) or communicated by institutions;
  • Provide analytical assistance for the design, implementation, and monitoring of financial sector policies in beneficiary member states;
  • Support country team coordinators in performing beneficiary member states’ monitoring activities within the ESM Early Warning System; participate in on-site missions and discussions with domestic authorities.

KEY BACKGROUND & EXPERIENCE

  • Advanced university degree, preferably with a specialisation in finance, insurance and pensions sectors, or financial economics;
  • Ideally at least 4 to 6 years of professional experience in at least one of these fields;
  • At least 2 years of professional experience in financial market analysis or trading;
  • Very good understanding of financial sector analysis, financial industry structure, products, trends, policy, and regulation;
  • Varied experience in the private sector and within international financial institutions or other public international organisations would be an asset;
  • Fluency in English required; additional languages would be an asset;
  • Good quantitative/econometric skills would be an asset;
  • Experience in application of digital innovation tools (e.g. AI, ML) would be a strong asset.

KEY COMPETENCIES

  • Excellent analytical and conceptual thinking;
  • Excellent communication and presentation skills;
  • Flexibility and results-orientated approach;
  • Ability to work quickly and accurately in a fast-paced environment;
  • Problem-solving skills and creativity;
  • Positive team spirit and adaptability;
  • Proactive attitude and intellectual curiosity.

Contract duration: Two-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.

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