Traineeships in On-site and Internal Model - Frankfurt am Main, Deutschland - The European Central Bank
Beschreibung
General Information
Type of contract Traineeship
Who can apply? EU nationals eligible for our traineeship programme
Grant The trainee grant is €1,070 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 over 200 staff and is responsible for conducting onsite activities, ensuring the consistency of assessment approaches across the Single Supervisory Mechanism (SSM) and organising and executing the onsite supervisory programme. This includes onsite inspections, internal model investigations and asset quality reviews. We are currently seeking applicants for several trainee positions.
In your role as a trainee, you will be assigned 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 (including climate risk), and operational risks (including IT risks). - 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 (Pillar 1) requirements. - The
Operations and Integration Division plans and coordinates the onsite 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 and manages the strategic and horizontal projects related to the work of all four divisions.
You will cooperate closely with colleagues, not only in your team and division but also across all of European banking supervision.
Your role
- As a trainee, depending on the division to which you are assigned, you will:
- support your team in planning, executing and monitoring the on-site supervisory programme;
- support the internal processes in your division and your team;
- work on developing supervisory standards, methodologies and tools for on-site inspections, asset quality reviews and internal models as well as performing analyses and benchmarking;
- assist with on-site inspections, asset quality reviews and internal model investigations (please note that this will 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.
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:
- 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.
- practical knowledge of data analysis and visualisation tools (e.g. R, Python, relational databases, SQL, VBA, Tableau and SAS);
- knowledge of the functioning of credit institutions and the risks to which they are exposed (e.g. credit risk, market risk, interest rate risk in the banking book, liquidity risk), IFRS, project management, risk management;
- experience in preparing and giving presentations on project proposals, results and key technical or operational m
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