Supervisor - Internal Model Investigations (Escb/io)

**General Information**

**Contract end date** 31.12.2028

**Who can apply?** EU nationals working for national central banks of the ESCB, international governmental organisations or other employers performing central banking or banking supervision tasks within the framework of the Eurosystem

**Salary** F/G (bracket 1 - step 1) full time monthly net salary: €7,296 plus benefits, for further information see what we offer.

**Role specialisation** General Banking Supervision

**Working time** Full time

**Place of work** Frankfurt am Main, Germany

**Closing date** 05.03.2025

**Your team**
- You will be part of the Internal Model Investigations Division within the Directorate General On-site and Internal Model Inspections.

Our Directorate General conducts two types of assessments, primarily on-site at bank premises: (i) in-depth investigations of risks, risk controls and governance, spanning a variety of financial and non-financial risks, and (ii) assessments of compliance of internal models used by banks to measure their Pillar 1 risk and capital requirements.

The inspection and investigation teams are composed of ECB staff and colleagues from European banking supervision’s national competent authorities. Our Directorate General also coordinates the planning and execution of the on-site supervisory programme. It develops and maintains comprehensive on-site methodologies for inspections, internal model investigations and asset quality reviews. It ensures harmonised on-site approaches to the assessment of supervised banks and contributes to identifying risks and defining supervisory priorities.

The Single Supervisory Mechanism (SSM) is the system of banking supervision in Europe. It comprises the ECB and the national supervisory authorities of the participating countries.

**Your role**
- As a Supervisor in the Internal Model Investigations Division you will:

- contribute to internal model investigations primarily at the premises of significant institutions under European banking supervision, and foster the quality and consistency of the corresponding reports by acting as consistency reviewer and point of contact for other inspection teams;
- engage with multiple stakeholders from inside and outside the ECB.

The primary focus of this position is to contribute to, and actively participate in, on-site inspections and internal model investigations including at the premises of significant institutions under European banking supervision. Please note that, owing to these on-site activities, your role will include frequent travel in different countries for consecutive and extended periods of time.

The position of Supervisor offers you excellent opportunities to work as an on-site inspector, analyse topical issues relating to prudential supervision, gain insight into the practices of significant institutions and discuss the results of your analysis both internally and with the supervised institution.

Your work will be impactful because internal model investigations are considered to be one of the most intrusive supervisory tools available to banking supervisors, and they have a direct and measurable impact on the banks. As a Supervisor, you will also develop and strengthen your inspection skills and techniques, deal with key supervisory processes and a multi-stakeholder environment, and have the opportunity to further develop your ability to think analytically and constructively, with a focus on results, teamwork, cooperation and communication.

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 accounting, business administration, economics, finance, information technology, mathematics, physics, or another relevant field (see How you can join us for details on degree equivalences);
- in addition to the above, a minimum of five years of relevant professional experience in the field of credit risk in at least one of the following areas:

- contributing to on-site inspections or internal model investigations;
- developing, validating, auditing and/or supervising Internal ratings-based (IRB) credit risk models;
- risk assessment of operations and processes in banks;
- sound understanding of European prudential regulation (financial and/or non-financial);
- sound communication and stakeholder management skills gained in a multicultural environment;
- strong interest and motivation to go on-site at the premises of the inspected banks in various countries, possibly for extended periods of time;
- 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:

- strong quantitative skills or experience in handling and analysing large data sets;
- previous experience with Internal ratings-based (IRB)