Traineeships in On-site and Internal Model

Vor 7 Tagen

Frankfurt am Main, Hessen, Deutschland The European Central Bank Vollzeit

General Information

Type of contract Traineeship

Who can apply? EU nationals eligible for our traineeship programme

Grant The trainee grant is €1,170 per month plus an accommodation allowance (see further information section)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date

Your team

  • You will be part of the Directorate General On-Site and Internal Model Inspections. Our Directorate General has approximately 200 staff and is responsible for conducting onsite supervisory activities, ensuring the consistency of assessment approaches across the Single Supervisory Mechanism (SSM) and organising the SSM's onsite supervisory programme.
The SSM is the system of banking supervision in Europe. It comprises the ECB and the national supervisory authorities of the participating countries.


In your role as a trainee, you will be assigned either to one of our four divisions - Financial Risk Inspections, Non-Financial Risk Inspections, Internal Model Investigations, or Operations and Integration - or to the Directorate General's Senior Management Office.


The
Financial Risk Inspections Division assesses credit risk, market risk, liquidity risk and interest rate risk in the banking book.

It is also responsible for conducting asset quality reviews.


The
Non-Financial Risk Inspections Division assesses governance and risk management, capital and business model, climate risk and operational risks (including IT risk).


The
Internal Model Investigations Division conducts internal model investigations and ensures the consistency of methodologies and processes related to the review of internal models for the calculation of minimum capital requirements (Pillar 1).


The
Operations and Integration Division plans and coordinates the on-site supervisory programme, managing the common processes involved, monitoring the programme's execution and preparing related reporting.


The
Senior Management Office coordinates the activities of the whole Directorate General On-Site and Internal Model Inspections related to the work of all four divisions.

You will work closely with colleagues in your team and division as well as across the SSM.

Your role

  • As a trainee, depending on the division that you are assigned to, you will:
  • support your team in planning and monitoring the execution of the on-site supervisory programme and related horizontal analyses;
- help to organise the training activities offered to SSM inspectors and coordinate internal and external communication initiatives;
- support the processes in your division and your team;
- assist with on-site inspections, asset quality reviews and internal model investigations (please note that this does not imply direct participation in these activities on the bank's premises);
- contribute to developing, maintaining and enhancing IT/data management tools and projects.


The position offers you excellent opportunities to analyse issues relating to prudential supervision and to strengthen your project management skills.

It will also enable you to deepen your understanding of the European banking landscape and develop your career.


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 bachelor's degree or higher in accounting, economics, finance, business administration, European studies, international relations, engineering, mathematics, computer science, econometrics, statistics, physics or another relevant field;
- knowledge of the objectives and main areas of EU financial regulation and prudential requirements for credit institutions, as well as the objectives and functioning of European banking supervision, in particular the SSM Regulation and the SSM Framework Regulation;
- a good knowledge of the MS Office package;
- 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, depending on the division you are assigned to:

  • practical knowledge of data analysis and visualisation tools (e.g. Python, R, MATLAB, relational databases, SQL, VBA, Tableau and SAS);
- knowledge of how credit institutions function and the risks they are exposed to (e.g. credit risk, market risk, interest rate risk in the banking book, liquidity risk, IT risk and climate risk), IFRS, project management and risk management;
- experience of preparing and giving presentations on project proposals, results and key technical or operational messages;
- knowledge of mathematical models for forecasting, measuring risk and econometrics;
- experience in game theory, optimising processes and allocation of resources, and planning, monitoring and reporting on tasks involving multiple stakeholders;
- knowledge of artificial i

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