Lead Supervisors in Financial Risk Inspections (ESCB/IO)
- Type of contract: Short-term contract, which may be extended to up to 36 months subject to individual performance and organisational needs
- Contract end date: 31.12.2025
- Who can apply?: EU nationals working for national central banks of the ESCB, international governmental organisations or other employers performing central banking or banking supervision tasks within the framework of the Eurosystem
- Salary: H (bracket 1 - step 1) full time monthly net salary: €9,462 plus benefits, for further information see
- Working time: Full time
- Place of work: Frankfurt am Main, Germany
- Closing date: 06.11.2024
Your team
Since 2014, the ECB has been responsible for the supervision of significant banking institutions in Europe (113 supervised entities as of July 2024). This occurs through the Single Supervisory Mechanism (SSM) where the 20 participating national supervision authorities take part to the decision making through the Supervisory Board of the ECB.
First-line banking supervision under the SSM is composed of three main complementary and coordinated activities: (i) the vertical line, involving continuous off-site supervision of bank portfolios by joint supervisory teams; (ii) the horizontal line, which provides transversal assessments and benchmarks across the banking sector; and (iii) the on-site inspections (OSIs) and internal models investigations (IMIs), providing in-depth supervision on focused risks or issues on a bank-by-bank basis.
This vacancy is in the Directorate General On-site and Internal Model Inspections (DG-OMI) which is seeking applicants for Lead Supervisors in the Financial Risk Inspections Division. You will mainly be responsible for conducting asset quality reviews in the area of credit risk.
DG-OMI is made up of approximately 300 supervisory colleagues dedicated to on-site SSM supervision. DG-OMI performs OSIs and IMIs, partly at the supervised banks’ premises. It coordinates the planning and execution of the on-site supervisory programme.It also develops and maintains comprehensive on-site methodologies for OSIs and IMIs, ensures harmonised on-site approaches for the assessment of SSM banks and contributes to the identification of risks and supervisory priorities.
The ECB is an inclusive employer and we strive to reflect the diversity of the population we serve. We encourage you to apply irrespective of age, disability, ethnicity, gender, gender identity, race, religious beliefs, sexual orientation or other characteristics.
Your role
As a Lead Supervisor, you will:
- Contribute to Asset Quality Reviews as a lead supervisor in the centralised Quality Assurance function to ensure a consistent application of the AQR manual and high-quality outputs in line with the applicable regulation and methodologies;
- Review and draft policy-related, methodological, and operational documents, support more junior colleagues on the application of supervision or oversight policy, methodology and standards;
- lead cross-functional project teams, delegate tasks, manage deadlines and deliverables, prioritise output and resource allocation, provide guidance, clarify expectations and set standards;
- contribute to knowledge sharing and collaboration across DG-OMI and ensure sound cooperation with other Directorate Generals at the ECB;
- provide technical mentoring to and coach team members, and individuals on a technical level building subject matter expertise and as well as provide performance feedback.
The position of a Lead Supervisor in DG-OMI offers you excellent opportunities to work as an on-site inspector. It will help you focusing on results, challenging constructively Senior Management of banks on complex issues, engaging with others in a collaborative and constructive manner as well as anticipating stakeholders’ needs.
We look for colleagues who have extensive experience in banking supervision and on-site inspections, coupled with a willingness to go on-site at the premises of the inspected banks for a limited period of time. Hybrid approaches alternating time spent on-site in banks and remotely are fully embedded in our supervisory culture.It is also compatible with the need for on-site activities and compliant with the ECB’s working policy. We care for your well-being and work-life balance.
Playing a role in the European banking supervision entails collaborating in multinational and multicultural teams and operating in the context of different national frameworks, for which a strong ability to use different EU languages for business purposes is an asset.You will be supported by an environment in which well-being and work-life balance are cared for.
Qualifications, experience and skills
Essential:
- a master’s degree or equivalent in accounting, business administration, economics, finance, mathematics, physics or another relevant field (see How you can join us for details on degree equivalences);
- a minimum of six years’ relevant professional experience in the field of risk analysis/assessment at a banking supervisory authority, financial institution, audit or consultancy company and/or central bank;
- sound understanding of the risks related to credit risk modelling and corresponding techniques for its assessment;
- professional experience in handling and analysing large data sets;
- sound understanding of European prudential regulation;
- communication and presentation skills gained in a multicultural environment and the ability to engage with a range of internal and external stakeholders, including senior management, staff and external consultants;
- an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the Common European Framework of Reference for Languages.
Desired:
- a minimum of five years’ professional experience in banking supervision, for example in leading OSIs or audits;
- experience in OSIs on credit risk.
You know and anticipate stakeholder needs. You are skilled at encouraging people to develop their abilities and are able to build up high-performing teams.
You are motivated to be part of our team and to develop and use your skills and competencies to achieve the aims of this position.
Working modalities
Working for European banking supervision might involve spending periods of time in banks for on-site missions. Hybrid approaches including time spent on-site in banks and remotely are fully embedded in our on-site supervisory culture. This important part of our work is complemented by an environment in which well-being and a good work-life balance are fostered.Playing a role in European banking supervision also entails collaborating in multinational and multicultural teams and operating in the context of different national frameworks, for which a strong ability to use different EU languages for business purposes is an asset.
Further information
The contract(s) offered will be short-term ESCB/IO, the appointment being for 12 months as of the exact starting date of the selected person, extendable to up to 36 months.
For additional information on this specific vacancy, you can speak to the hiring manager, Demelza Jurcevic, on +49 (0)69 1344 4152 on 25 October 2024 between 14:00 and 15:00.
Application and selection process
The recruitment process for this position will be conducted remotely and consist of a presentation and interview.
If you are not selected for this position but are still considered suitable, you will be placed on a reserve list (see step 4 of How we hire), from which you might be considered for similar positions within the ECB.
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