European Systemic Risk Board Traineeship 2021

You will be part of the Secretariat of the European Systemic Risk Board (ESRB), a body of the European Union.

The ESRB brings together representatives from some 80 institutions as well as independent experts. It is responsible for the macroprudential oversight of the EU financial system and thus contributes to preventing and mitigating systemic risk. It collects and analyses information on a wide range of financial institutions and markets, monitors macro-financial developments, and issues warnings and recommendations to policymakers and supervisors. Further information is available on the ESRB's website.

The ESRB Secretariat is part of the European Central Bank (ECB). The Secretariat provides analytical, statistical, logistical and administrative support to the ESRB. Our tasks include identifying and analysing systemic risks to the EU financial system, assessing and proposing macroprudential policies, preparing ESRB warnings/recommendations and monitoring their implementation, cooperating with supervisory and other macroprudential authorities, supporting ESRB working groups and preparing documents for meetings of the ESRB General Board and its substructures.

As a Trainee Economist, you will join one of our topical teams. These teams focus on risk identification, banking and non-bank financial intermediaries. They provide analytical input into risk and policy reports, working closely with other team members, including financial stability experts, analysts and trainees. The content of the traineeship will depend on the team you will be part of and your skill set.

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 your gender, gender identity, ethnicity, sexual orientation, age, religion, disability and other characteristics.

Your role

As a trainee economist you will:

support the analytical and policy work of the topical teams of the ESRB Secretariat;
analyse developments in the EU financial system, leveraging on various datasets and sources of information;
contribute to the identification and monitoring of financial stability risks related to the banking sector, non-bank financial intermediaries and financial markets infrastructure;
conduct empirical and conceptual analyses;
provide input into the development and assessment of macroprudential policies in the EU;
participate and contribute to the work of the ESRB substructures, including expert groups and task forces.
The position offers you excellent opportunities to work on financial stability topics related to the whole financial system, and the development and implementation of macroprudential policy in the EU. You will gain experience of both financial stability analysis - with regular use of data analysis tools and models - and policy work, by contributing to key ESRB reports. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.