We are looking for candidates studying towards (or recent graduates from) a Masters’ degree, PhD, or postdoctoral programme to assist our Economic, Market Analysis and Banking (EMB) department. The aim of the traineeships is to provide promising young professionals an opportunity to understand how the European Stability Mechanism (ESM) works and contribute to its mission, while also pursuing their research interests.
The 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. The ESM has just received an expanded mandate from European leaders, which it will implement in the months and 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.
The ESM is a unique place to work with around 180 individuals 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
During a three-to-six-month period, trainees will closely collaborate with ESM colleagues and assist them in their duties or carry out an agreed research project in line with the department’s agenda.Prospective candidates can apply for an internship in one of the two divisions in the EMB department:- The Economic and Market Analysis (EMA) Division monitors and analyses macroeconomic and financial market developments in the euro area and globally. Forecasting, fiscal policies, debt sustainability, and bond market structures are particular fields of interest in which the team is seeking support.
- The Banking Division monitors and analyses the performance of euro area banks, provides support in the design of financial sector policies and bank restructuring in the context of an adjustment programme and contributes to the evolving framework for banking crisis resolution. Bank analysis, macro-financial risk modelling, financial stability risks, bank restructuring, and the assessment of the regulatory developments on banks’ business models and profitability are the areas in which the team is seeking support.
KEY QUALIFICATIONS
- Candidates (or recent graduates under one year since graduation) for a Master’s Degree in economics or finance. PhD students must be within a year or two of completing a Ph.D. and be in active student status
- Postdoctoral candidates, who have recently completed their Ph.D.s
- Fluency in English, both oral and written
KEY COMPETENCIES
- Strong analytical skills
- Intellectual curiosity and eagerness to learn new topics
- Proactive attitude
APPLICATION PROCESS AND PRACTICAL INFORMATION
- Candidates are asked to specify to which of the two divisions they are applying
- Deadline for application: 15 November
- Expected start date: February - March
- Expected duration: 3-6 months
- Competitive allowance granted
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.
this job offer is not open for applications
