VACANCY NOTICE SECONDED NATIONAL EXPERT (SNE) (F/M) REF.: ESMA/2014/VAC15/SNE

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1 Date: 16/05/2014 ESMA/2014/VAC15/SNE VACANCY NOTICE SECONDED NATIONAL EXPERT (SNE) (F/M) REF.: ESMA/2014/VAC15/SNE Type of contract Seconded National Expert (SNE) 1 Function group and grade SNE Duration of contract 2 years, with possibility of extension 2 Division/Unit Investment and Reporting Division & Markets Division Place of employment Paris, France Monthly basic salary 3 Monthly allowance 4 and daily allowance (149,86 EUR) Deadline for applications 19 June 2014 (23:59 hrs, Paris local time) Reserve list valid until 31/12/2015 (the validity of the reserve list may be extended) 1. The Authority ESMA is an independent EU Authority that was established on 1 January It works closely with the national competent authorities who are members of the European System of Financial Supervision and the other European Supervisory Authorities the European Banking Authority (EBA) responsible for banking and the European Insurance and Occupational Pensions Authority (EIOPA) responsible for insurance and occupational pensions. ESMA s mission is to enhance the protection of investors and promote stable and well-functioning financial markets in the European Union (EU). As an independent institution, ESMA achieves this aim by building a single rule book for EU financial markets and ensuring its consistent application across the EU. ESMA contributes to the regulation of financial services firms with a pan-european reach, either through direct supervision or through the active co-ordination of national supervisory activity. ESMA also contributes to the financial stability of the European Union, in the short, medium and longterm, through its contribution to the work of the European Systemic Risk Board, which identifies potential risks to the financial system and provides advice to diminish possible threats to the financial stability of the Union. ESMA is also responsible for coordinating actions of securities supervisors or adopting emergency measures when a crisis situation arises. For further information, please refer to ESMA s website: SNE may be engaged under their 1 st secondment contract for a fixed period of 12 months with automatic extension for another period of 12 months. The contract may be renewed up to the total duration of 4 years. 3 The amounts are already weighted by the coeffient factor for France 117.4%. 4 Monthly allowance depends on km distance between place of employment (Paris) and the SNE s place of secondment ( >150km 96.33, > 300km 171,24, > 500km 278,30, >800km 449,55, >1300km 706,43, > 2000km 845,60 ). Page 1 of 5

2 2. Job description ESMA is organising a selection procedure for the profile of Seconded National Expert (SNE) within: Investment & Reporting Division and Markets Division. Investment and Reporting Division is in charge of the rule-making, supervisory convergence and supervisory tasks related to asset managers, protection of the investors and financial innovation leading ESMA's work on files like the AIFMD, UCITS, and MiFID II/MIFIR. The Division also looks after other areas such as the enforcement of International Financial Reporting Standards (IFRS) and issues linked to all the information given by issuers listed on financial markets to investors. Markets Division is responsible for the rule-making, supervisory convergence and supervisory tasks related to market infrastructures (at the trading and post-trading levels) and secondary markets conduct rules. Therefore, it is leading ESMA's work on files like the EMIR implementation, clearing obligation, CCPs, Central Securities Depositories, MIFID II/MIFIR implementing rules, Short Selling, Market Abuse, Supervision of Trade Repositories and work related to Commodity Derivatives. Given the relevance of those projects for the European securities and derivatives markets, and the associated need to strengthen the resources to deliver and implement them, ESMA is looking for seconded national experts with a strong motivation to contribute to rule-making and supervision on financial markets at EU level. Depending on the skills, qualifications and expertise of the successful candidates and of the needs of the Division, the successful candidates will be offered a secondment position and assigned to one (or several) of the 3 areas that the division currently covers: within Investment & Reporting Division: Financial Innovation Asset Management Investor Protection within Markets Division: Secondary Markets Market Integrity and Short Selling Post Trading (OTC Derivatives, CSDs, CCPs and Trade Repositories). Main duties Under the responsibility of the Head of Division (or a Team Leader or project coordinator, if applicable) and jointly with other colleagues, the successful candidate will be responsible for: Contributing to ESMA s work on drafting technical advice, technical standards and guidelines and recommendations under the existing or upcoming regulations and directives on financial markets (MiFID II/MIFIR, AIFMD, UCITS, EMIR, etc.); Contributing to ESMA s work in promoting the consistent application of the Regulations by National Competent Authorities; Participating on the adoption of emergency measures, in cases foreseen by EU Regulations, and on the coordination by ESMA of surveillance or investigative activities, if required; Supporting the work of the relevant Standing Committees; Fulfilling any other relevant tasks assigned by the relevant Head of the Division. Page 2 of 5

3 3. Qualifications and experience required A. Eligibility Criteria To be considered eligible, candidates must satisfy all the eligibility criteria listed below, by the deadline for submitting the applications: Must be employed by a member of the European System of Financial Supervision 5, including those countries that have reached appropriate arrangements for participation in ESMA s work within the meaning of Article 75 of the Regulation, an IGO, or another relevant public body; Except where the Executive Director grants a derogation, a SNE must be a national of an EU or EFTA Member State or a country with which the Council has decided to open accession negotiations and which has concluded a specific agreement on staff secondments; Must have worked for their employer on a permanent or contract basis for at least 1 year before their secondment and shall remain in the service of that employer throughout the period of secondment. The selected candidates will be requested to provide HR with the formal approval/authorisation of their potential secondment from the National Authority in which they are employed; Have a level of education which corresponds to completed university studies of four (4) years attested by a diploma 6, and after having obtained the diploma, 2 years of proven professional experience 7 OR Have a level of education which corresponds to completed university studies of three (3) years attested by a diploma 8 and after obtained the diploma, 3 years of proven professional experience 9 ; B. Selection criteria PRE-SCREENING PHASE Only eligible applications (CVs/motivation letters) which fulfil the above-mentioned criteria (part A - Eligibility criteria) will be assessed and scored against the requirements listed below (part B.1 - Essentials & B.2 - Advantageous). Please note that non-compliance with at least one of the Essential requirements (B.1) will result in the exclusion of the candidate from the selection process. Advantageous requirements (B.2) constitute additional assets and will not result in exclusion, if not fulfilled. The best 10 candidates, who obtain the highest number of points within this evaluation 10 and reach at least 65% of the maximum points, will be invited for interviews and written tests. 5 As specified in Article 2 of Regulation (EU) no 1095/2010 establishing the European Securities and Markets Authority (ESMA). 6 Only academic titles that have been awarded in EU Member States or that are subject to the equivalence certificates issued by the authorities in the said Member States shall be taken into consideration. 7 Professional experience will be counted from the date on which the diploma was awarded. Only duly documented professional activity is taken into account. Any given period may be counted only once. In case of part time work, the professional experience will be counted pro-rata in line with the workload stated by the applicant. Free-lance or self-employed applicants must provide either a practicing certificate (or equivalent), or a copy of the entry in the relevant trade register, or any other official document (for example a tax document) showing clearly the length of the relevant work experience. Compulsory military service or equivalent civilian service accomplished after the achieving the minimum qualification as stated in Eligibility Criteria shall be taken into account as professional experience, if the official documentation is provided. 8 See the footnote nr.7. 9 See the footnote nr The comparative assessment of all received applications. Page 3 of 5

4 B.1. Essential requirements a) At least 2 years of work experience (required under the part A) must have been acquired in the area of financial markets; b) Experience in financial markets regulation, acquired in a public or private organisation; c) Knowledge (acquired by experience or training) of EU regulatory or/and EU institutional framework; d) Excellent written and oral English; B.2. Advantageous requirements e) Experience in financial education; f) Experience in an international environment; g) Motivation for the advertised position; INTERVIEWS & WRITTEN TESTS PHASE Candidates invited for interviews and written tests will be assessed against all 11 selection criteria (part B1 & B2 & B3). B.3. Supplementary requirements h) Good quantitative analysis skills, including the ability to understand complex financial products; i) Excellent organisation skills and ability to handle large volume of work in an efficient and timely manner; j) Excellent communication and presentation skills; k) Developed sense of initiative with proved ability to work independently with minimum supervision; l) Ability to handle change and adapt to new situations; Candidates who receive at least 65% of the maximum points in both the interview and the written test will be included in the reserve list of suitable candidates. Please note that inclusion in the reserve list does not guarantee recruitment. 4. How to apply Applicants must apply via by sending the following two documents to vacancies@esma.europa.eu 1. a detailed curriculum vitae in European format 12, saved as follows: ESMA_2014_VAC15_SNE_FAMILY NAME_First name_cv Example: ESMA_2014_VAC15_SNE_SMITH_Anna_CV 2. a motivation letter 13, saved as follows: ESMA_2014_VAC15_SNE_FAMILY NAME_First name_motivation Example: ESMA_2014_VAC15_SNE_SMITH_Anna_Motivation Indicating in the subject line: ESMA_2014_VAC15_SNE_FAMILY NAME_First name Example: ESMA_2014_VAC15_SNE_SMITH_Anna 11 If applicable. Some of the selection criteria, which cannot be tested during the interview/test phase (like for example PhD studies), will be excluded from the assessment during the interview/test phase Of no more than two pages. Candidate should explain why is interested in the post and what her/his added value would be to the Authority, if selected. Page 4 of 5

5 For further details on the ESMA s recruitment procedure, please consult the Candidate Guideline document published on the ESMA website For further information on the respective SNE conditions, please consult the ESMA website Page 5 of 5