Traineeships in Macroprudential Policy and Financial Stability at European Central Bank

You will be part of the Directorate General Macroprudential Policy and Financial Stability. Our Directorate General has approximately 100 staff members providing analyses and policy advice on issues relating to financial stability, financial regulation and macroprudential policy. In particular, we identify and measure systemic risks, and assess the impact of regulations and macroprudential measures. We work on policy strategy and coordination, stress testing and the challenges facing the banking and non-banking sectors. We are currently looking for trainees in the Macroprudential Policy Division, the Stress Test Modelling Division and the Systemic Risk and Financial Institutions Division.

In the area of macroprudential policy, we identify and monitor systemic risks at the country level to inform the potential activation of macroprudential tools. In addition, we design, assess and propose macroprudential policy measures in countries participating in European banking supervision. In the area of stress testing, we contribute to the biennial EU-wide stress test coordinated by the European Banking Authority, providing input for macroeconomic scenarios, developing top-down benchmarks and leading the model-based assessment part of quality assurance. In the area of systemic risk and financial institutions, we analyse developments in the banking sector and the broader financial system in the euro area from a systemic risk perspective.

In your role as a trainee, you will be part of a team with approximately 20 members of staff responsible for policy-relevant analysis, model development and coordination of the ECB’s views on
the issues outlined above. You will work closely with one or two experts, contributing to projects that are of relevance to the division to which you are assigned.

Further details:
Traineeships in Macroprudential Policy and Financial Stability at European Central Bank