Traineeships in Legal Services

**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** 05.11.2024

**Your team***
- You will be part of the Directorate General Legal Services. Our Directorate has around 200 members of staff providing advice on the legal aspects of the regulatory, institutional and contractual framework of the ECB, the European System of Central Banks (ESCB) and the Single Supervisory Mechanism (SSM). We prepare legal instruments, including the ECB’s opinions on draft European Union (EU) and national legislation. We address questions on the interpretation of the Treaty on European Union and the Treaty on the Functioning of the European Union, as well as on the ECB’s legal position vis-à-vis other EU institutions and in international fora. We also provide legal advice to ECB management on administrative matters and represent the ECB in court.

We are currently working on a number of far-reaching legal issues relating to monetary policy, financial market infrastructures, banking supervision and institutional matters. We are also participating in ongoing discussions with other European and international stakeholders on a wide range of regulatory issues.

We are looking for trainees to join the Institutional Law Division, the Financial Law Division and the Supervisory Law Division.

**Your role***
- You will be assigned to one of the three divisions mentioned above. You will carry out research and prepare legal advice in close collaboration with experienced legal counsels.

As a trainee in the Institutional Law Division, you will:

- help prepare legal advice on questions relating to central banking law, the ECB’s privileges and immunities, EU law (in particular institutional law, administrative law, all aspects of ESCB and Eurosystem governance and EU civil service law), contracts (including non-financial contracts) and procurement law;
- handle legal issues concerning accounting, auditing, taxation, euro banknotes and intellectual property.

As a trainee in the Financial Law Division, you will:

- help prepare legal advice and legal acts relating to monetary policy and monetary policy measures, market operations, financial market infrastructures (including TARGET2 and TARGET2-Securities), the oversight of payment and settlement systems, statistics, financial services legislation (including on sustainable finance), financial stability and the economic governance framework.

As a trainee in the Supervisory Law Division, you will:

- help prepare legal advice on matters relating to the prudential supervision of credit institutions, such as capital and liquidity requirements, common procedures (granting authorisations, withdrawing licences and authorising the acquisition of qualifying holdings), fit and proper assessments, supervisory reporting, crisis management and enforcement and sanctions;
- help prepare legal advice relating to the functioning of the European banking union, with particular reference to the SSM Regulation and its supporting legal framework.

These positions offer you excellent opportunities to gain experience in providing legal assistance on matters relating to institutional, financial or supervisory law in an EU context and to put into practice the knowledge and skills you have acquired during your studies. Working with more experienced colleagues, you will have the chance to expand your skills and develop as a professional. 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 in law;
- an awareness of, and interest in, the role and functioning of the ECB, the ESCB, the Economic and Monetary Union and European banking supervision;
- 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:

- a bachelor’s degree in law obtained in an EU Member State;
- a sound knowledge of EU law (e.g. EU institutional and administrative law, or the legal framework of the Economic and Monetary Union), contract and procurement law, financial law, supervisory law or other fields of law directly relevant to the work of at least one of the three divisions mentioned above;
- specialisation, experience or research in fields of law relevant to the work of at least one of the three divisions;
- an intermediate (B2) or higher command of French and/or German, according to the Common European Framework of Reference for Languages.

You are curious and eager to learn, and want to further develop y