Principal Supervisors, DG/MS III Reference 2016-011-EXT S Type of contract Who can apply Salary Working time Place of work Closing date for applications Fixed-term contract which may be converted into a permanent contract after three years subject to individual performance and organisational needs. EU nationals H band and benefits Full-time Frankfurt am Main, Germany 12 February 2016 Your team 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. Your role 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, for the following positions within its Directorate General Microprudential Supervision III (DG/MS III): Principal Supervisor in the Institutional and Sectoral Oversight Division; Principal 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: ensuring the sound conduct of microprudential supervision of less significant institutions; this may involve 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; coordinating and guiding staff assigned to them and dealing with matters pertaining to human resources, performance, output, longer-term direction, etc.; providing advice in their division 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 in other high-level fora, and maintaining regular contact with all strategic partners and counterparts in supervisory authorities, institutions and bodies;
providing guidance to staff with a view to ensuring high quality analysis and identifying and extracting policy messages from the technical analysis; Specific to the Principal Supervisor in the Institutional and Sectoral Oversight Division (country desks): leading the analyses, related to the institution and sector, of a team of country desk experts and proposing relevant measures to the Supervisory Board; this involves carrying out thematic reviews in collaboration with other ECB business areas and closely monitoring stressed 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 Principal Supervisor in the Institutional and Sectoral Oversight Division (FMI desk): participating in the DG MSIII FMI desk tasks related to central counterparties (CCPs) or central securities depositories (CSDs), i.e.: 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 Principal Supervisor in the Analysis and Methodological Support Division: developing and implementing supervisory methodologies and standards, including IT projects, supporting the NCAs in their application. Qualifications, experience and skills Applicants must have the following knowledge and competencies: 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, five years of professional experience (or at least nine years in the case of a bachelor s degree, as mentioned above) in banking supervision, crisis management, financial services (e.g. internal auditing, risk management, risk control, etc.), or in auditing firms; ideally, extensive professional experience in supervisory policies, methodologies and standards and/or risk analysis; ideally, extensive professional experience in crisis management, balance sheet analysis, accountancy, regulatory model validation or other tasks closely linked to banking supervision; ideally, four or more years of experience in successfully coordinating a team of highly qualified
staff; 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 the banking union or experience 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 Principal Supervisor in the Institutional and Sectoral Oversight Division (FMI desk): ideally, relevant 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; Specific to the Principal Supervisor in the Analysis and Methodological Support Division: experience in IT projects would be an asset; Working modalities 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 pay attention to detail, even when under time pressure; manage multiple assignments and track progress on numerous processes simultaneously;
examine issues critically and adopts 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 to 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. 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. Application and selection process Find more information under How you can join us : http://www.ecb.europa.eu/careers/before-you-apply/html/index.en.html.