Position Details Supervisors, DG/MS III Reference 2016-012-EXT S Function The European Central Bank (ECB) is seeking professionals with experience in the prudential supervision of credit institutions, in supervisory policies, standards and principles, and/or in financial policy development with a supervisory authority, commercial bank, or related consulting services, to fill the following positions within its Directorate General Microprudential Supervision III (DG/MS III): Supervisor in the Institutional and Sectoral Oversight Division; Supervisor in the Analysis and Methodological Support Division. The activities of the Institutional and Sectoral Oversight Division include: institution-specific oversight focusing on high-priority less significant institutions (LSIs), which involves understanding the banks specific situations and the supervisory activities performed by the national competent authorities (NCAs), particularly in the event of the financial deterioration of the institution; sectoral oversight focusing on categories or groupings of institutions, in particular recognised institutional protection schemes; and thematic reviews focusing on key risks and topics of special interest within the Single Supervisory Mechanism (SSM). The Division s activities are conducted by ongoing off-site analyses and selected on-site inspections in close cooperation with NCAs. The main tasks of the Analysis and Methodological Support Division include: establishing and updating methodologies with regard to risk assessment systems and supervisory review processes for less significant institutions, as well as monitoring the risk assessments of these institutions by NCAs and identifying and collecting relevant information from NCAs; developing tools for carrying out quantitative assessments of idiosyncratic and systemic risks and vulnerabilities, e.g. early warning systems and stress tests; conducting thematic reviews of broader non-institutional or sectoral risk developments; and defining the supervisory reporting requirements for less significant institutions, implementing reporting standards and data processing tools, and adapting the IT tools for supervision to the context of less significant institutions. The successful applicants will be entrusted with the following main tasks: For all positions: contributing to the sound conduct of microprudential supervision of less significant institutions; this may include monitoring the crisis management activities of NCAs relating to specific institutions; contributing to the general and sectoral oversight of supervision of the less significant
institutions (which currently include financial market infrastructure (FMI) providers); contributing to the harmonisation of supervisory practices and the raising of supervisory standards; analysing developments among less significant institutions and assessing the impacts of exogenous developments in order to support policy decision-making; maintaining regular contact with all strategic partners and counterparts in supervisory authorities, institutions and bodies; preparing notes, memoranda, external publications (including the ECB s official publications) and dossiers for the ECB s Supervisory Board and decision-making bodies; providing advice relating to the respective division s area of competence to support the decision-making bodies and senior management; supporting internal committees, sub-groups and their chairpersons; supporting the respective division s management to ensure that work is carried out efficiently and effectively; contributing to advice in their team s area of competence to support the ECB s decision-making bodies and senior management; representing their division and the ECB at meetings, as well as on a range of internal and external committees, and maintaining regular contact with all relevant partners and counterparts in supervisory authorities, institutions and bodies; providing support to their team leader and to junior staff with a view to ensuring high-quality analysis and identifying and extracting policy messages from the technical analysis; Specific to the Supervisor in the Institutional and Sectoral Oversight Division (country desks): contributing to the analyses, related to the institution and sector, of a team of country desk experts and drafting proposals concerning relevant measures to the Supervisory Board; this involves organising and participating in thematic reviews in collaboration with other ECB business areas and contributing to a close monitoring of crisis banks to ensure that the relevant national resolution authorities respond in a timely manner and, if necessary, that common ECB procedures are carried out; Specific to the Supervisor in the Institutional and Sectoral Oversight Division (FMI desk): participating in the FMI desk tasks related to the central counterparties or central securities depositories: prudential institution-related FMI analysis; collaboration in the context of the ECB s FMI network (e.g. together with other ECB business areas, organising the casting of joint ECB votes in European Market Infrastructure Regulation (EMIR) college ); participation in
setting up the FMI NCAs network; and preparation of regular FMI-related contributions to briefings of ECB representatives; Specific to the Supervisor in the Analysis and Methodological Support Division: conducting thematic analyses and surveys in order to identify risk trends, especially in relation to macroeconomic developments, and performing assessments of macroprudential measures; conducting model-based risk analyses and using state-of-the-art statistical and programming methods to design and implement business solutions; conducting micro stress tests and sensitivity analyses on relevant risk categories, in particular those related to macroeconomic developments; developing up-to-date supervisory methodologies and standards, as well as contributing to their harmonised application in less significant institutions. Qualifications and experience For all positions: a master s degree in a relevant field (e.g. economics, mathematics, statistics, finance, business administration, accountancy, law, physics or engineering) or a bachelor s degree in one of these fields combined with at least four years of relevant professional experience; ideally, three to five years of professional experience (or at least seven years in the case of a bachelor s degree, as mentioned above) in banking supervision, oversight of financial market infrastructures, crisis management, financial services (e.g. internal auditing, risk management, risk control, etc.), or in auditing firms; extensive professional experience in the on- or off-site supervision of banks or oversight of financial market infrastructures would be a strong asset; extensive professional experience in crisis management, balance sheet analysis, accountancy, risk management, regulatory model validation or other tasks closely linked to banking supervision would be a strong asset; ideally, proven expertise in advising policy-makers on the discharge of their key duties, preferably at a central bank, (banking) supervisory authority or major international organisation; ideally, thorough knowledge of the European banking landscape and the prudential issues that it faces; direct experience of the establishment of banking union or in building up an international organisation would be an asset;
experience of supervisory cooperation at the European level would be an asset; an advanced-level command of English; an intermediate-level command of at least one other official language of the EU; knowledge of other EU languages would be an asset; sound knowledge of the working methods of the Eurosystem and the European System of Central Banks and/or other relevant European and international fora would be an asset. Specific to the Supervisor in the Institutional and Sectoral Oversight Division (FMI desk): extensive professional experience relating to financial market infrastructure providers such as central counterparties and central securities depositories (e.g. in the context of prudential supervision or oversight of these institutions) would be a strong asset; Specific to the Supervisor in the Analysis and Methodological Support Division: proven experience in designing and carrying out quantitative analyses and stress tests would be a strong asset; proven experience in macroeconomic assessment would be a strong asset. Competencies The successful candidates will have the following behavioural competencies: generate agreed results within tight time frames; use rigorous logic and reasoning in order to solve difficult problems; exceed expectations even for challenging tasks; prioritise tasks and pays attention to detail, even when under time pressure; manage multiple assignments and track progress on numerous processes simultaneously; examine issues critically and adopt relevant approaches geared towards successful business solutions; have an informed and balanced perspective when forming policy judgements; create a theoretical framework which aids the implementation of practical solutions; identify connections and relationships between concepts and events; clearly and confidently delegate both routine and important tasks and decisions; understand the
development process and what people need in order to grow; encourage participation and cooperation within the team; communicate complex issues in a clear and effective manner to different audiences, ensuring mutual comprehension; negotiate skilfully in difficult situations, involving both internal and external parties, and establish mutually agreeable solutions; are able to adjust to counter-arguments and introduce these into their own argumentation; are able to overcome initial resistance and provide information at strategic moments in order to attain the envisaged goals; establish and maintain cooperative relationships with staff and management at all levels, both inside and outside the organisation. Closing Date for Applications: 12.02.2016 Further Information Based on business needs, successful candidates will be offered a three-year fixed-term contract, with possible conversion to a contract of indefinite duration subject to individual performance and organisational needs. To further enhance the diversity of its workforce, the ECB particularly encourages applications from female candidates. How to apply Applications are to be made in English and submitted using our online application form. An "Applicants' Guide" can be downloaded from our recruitment pages. The recruitment process may include a pre-screening exercise, a written exercise, a presentation and interviews. Further information on the ECB's conditions of employment for fixed-term positions can be found at http://www.ecb.europa.eu/careers/newcomers/fixed-term/html/index.en.html. Applications are accepted from nationals of Member States of the European Union. The requirements laid down in the vacancy notice must be met by the closing date for applications. This vacancy notice may be used to fill the same position again, or similar positions, within 12 months of the selection decision. The selection committee may place suitable candidates on a reserve list, from which candidates may be appointed to similar positions in the same or another business area. It may also be decided to fill the position(s) advertised in this vacancy notice with a suitable candidate or candidates from the reserve list resulting from a recruitment procedure for a similar position. Candidates will be informed accordingly if this happens. This position has been allocated to salary band: F/G