Financial Stability Experts; ESCB​/IO – Macroprudential Policy

Overview

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: 30.09.2028

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: €7,465 plus benefits, for further information see what we offer.

Role specialisation:
Financial Stability&Macroprudential Policy

Working time:
Full time

Place of work:
Frankfurt am Main, Germany

Closing date: 15.02.2026

The Macroprudential Policy Division in the Directorate General Macroprudential Policy and Financial Stability is seeking applicants for two Financial Stability Expert positions. Our Directorate General provides analysis and policy advice on issues relating to macroprudential policy, financial stability, risk assessment, financial regulation and financial stability arrangements.

In your role as a Financial Stability Expert, you will be part of a team of around 30 members of staff responsible for analysing the current macroprudential policy framework and policy implementation while also performing innovative analytical work. You will work closely with colleagues from national macroprudential authorities, the European Systemic Risk Board, European banking supervision and other business areas of the ECB.

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 age, disability, ethnicity, gender, gender identity, race, religious beliefs, sexual orientation or other characteristics.

As a Financial Stability Expert you will:

• analyse the appropriateness of the existing macroprudential policy stance at country level and suggest an appropriate choice of existing macroprudential instruments and how they should be calibrated;
• assess the need for changes in the macroprudential toolkit, propose novel policy solutions and conduct supporting quantitative analyses, including ex ante impact assessments of different policy options;
• coordinate and contribute to briefings, notes, presentations, speeches and reports for the ECB’s committees and decision-making bodies and for Eurosystem working groups;
• keep abreast of theoretical and empirical developments in the field of macroprudential policy, for instance by attending workshops and conferences;
• develop and maintain networks with counterparts at national central banks (including by participating in country visits), supervisory authorities and European and international organisations (such as the European Systemic Risk Board, the European Commission and the International Monetary Fund);
• conduct analytical work related to the Division’s areas of interest.

The position offers you excellent opportunities to work in a stimulating environment, analysing macroprudential policies and thereby helping the ECB to fulfil its macroprudential mandate. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.

Essential:

• a master’s degree or equivalent in economics, finance or another relevant field (see How you can join us for details on degree equivalences);
• in addition to the above, a minimum of four years’ professional experience (other than as a trainee or intern) in the field of financial stability and macroprudential policy and analysis;
• sound knowledge of the European macroprudential policy framework;
• proven ability to conduct quantitative analyses of financial stability topics, including the calibration of macroprudential policies, and to assess the macroprudential policy stance;
• experience of presenting your analysis in a clear and concise manner for use in reports, publications and policy discussions;
• ability to work with software such as Stata, MATLAB, Python or R;
• an advanced (C1) command of English and an intermediate (B1) command of at least one other official language…