Back Economist, Frankfurt

General Information

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 31.03.2022

Who can apply? EU nationals working for the international public sector organisation or EU organisations performing central banking or banking supervision tasks. Your current contract must extend at least 1 year beyond the end of the potential employment at the ECB

Salary F/G (1) (minimum monthly net salary €4,914 and benefits, see further information section)

Role specialisation Economics and Monetary Policy

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 11.02.2021

Your team

You will be part of the Monetary Analysis Division in the Directorate General Monetary Policy. Our Division is responsible for monitoring and analysing monetary and financial developments in the euro area from a microeconomic and macroeconomic perspective, focusing on monetary and credit aggregates. It also monitors, analyses and conducts, from a monetary policy perspective, studies on the bank lending channel of monetary policy, covering loans, lending rates, funding conditions, surveys of lending policies and individual bank information. We are currently working on the monetary policy response to the coronavirus (COVID-19) crisis and on the ECB's strategy review.

In your role as Economist in the Bank Lending Conditions Section, you will be part of a team of 20 members of staff working on the calibration of monetary policy measures, including non-standard measures, in view of how they affect the economy through the banking system. We monitor and conduct regular analysis of the transmission of monetary policy via banks, including its interaction with microprudential and macroprudential policies. We also have primary responsibility for the ECB's bank lending survey.

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 or other characteristics.

Your role

As an Economist you will:

• assess the monetary policy transmission mechanism in the euro area, with a specific focus on the analysis of transmission via banks from both a microeconomic and a macroeconomic perspective;
• contribute to the preparation of material related to monetary policy decisions and communication, including (i) analyses of money and credit developments, (ii) material for briefing members of the Executive Board and senior management in preparation for meetings of the Governing Council and (iii) policy papers, speeches, empirical and conceptual studies, and other publications;
• develop and apply financial intermediation models for monetary policy analysis;
• contribute to the coordination of the Division's work, in particular the preparation of major reports for the Executive Board and the Governing Council as well as research work.

The position offers you excellent opportunities to contribute to the assessment of the monetary policy transmission mechanism via banks and apply state-of-the-art econometric models to policy-relevant issues. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.

Qualifications, experience and skills

Essential:

• a master's degree or equivalent in economics or another relevant field ( click here for details on degree equivalences);
• in addition to the above, a minimum of seven years of relevant working experience;
• sound knowledge of statistical and econometric techniques for analytical purposes;
• experience in preparing policy-related briefing and analytical material;
• very good writing skills and the ability to draft well-structured notes within strict deadlines;
• the ability to identify and address policy issues and to present analytical findings both in non-technical terms to policymakers and in technical terms at academic conferences;
• 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 PhD, together with a research and publication record;
• a sound academic record in applied microeconomics or macroeconomics related to banking and the monetary policy transmission mechanism.

You engage collaboratively with others. You pursue team goals and learn willingly from other people's diverse perspectives. You signal any need for change by explaining it and proposing alternative solutions. You analyse complex information effectively and can evaluate different views to arrive at solutions. You know and anticipate stakeholder needs.

You are motivated to be part of our team and to use your skills and competencies to achieve the objectives of this position.

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 contact Carlo Altavilla, Head of the Bank Lending Conditions Section ([email protected]), and if necessary arrange a telephone discussion.

Application and selection process

For further information on how to join us, read more.

The recruitment process for this position will include a presentation and interviews.

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