Type of contract: Traineeship of between 3 and 12 months in total.
Who can apply: EU nationals who are eligible according to our traineeship programme (Read more)
Salary: The trainee grant is €1,050 per month plus an accommodation allowance.
Working time: Full-time
Place of work: Frankfurt, Germany
Closing date for applications: Thursday, 23 November 2017
The European Central Bank (ECB) is one of the world’s largest banking supervisors. Banking supervision in the euro area is conducted by the ECB and the national competent authorities (NCAs) of the participating countries within the framework of the Single Supervisory Mechanism (SSM). Our aim is to conduct effective, consistent and tough supervision.
In your role as trainee, you will be part of the Decision-Making Policy Section in the Directorate Secretariat to the Supervisory Board. The Section focuses on guaranteeing the institutional quality of supervisory decision-making processes. This includes, among other tasks:
- ensuring the completeness of the legal basis of decisions and that they comply with legal requirements;
- reviewing supervisory decisions;
- assessing divergent opinions and following up on the administrative and judicial review of supervisory legal acts;
- advising the Chair and Vice-Chair on supervisory decision-making.
The Section also contributes to various policy projects and supports the Administrative Board of Review and the Mediation Panel.
You will be part of a multi-cultural team of legal counsels, supervisors and business process assistants that strive for continuous improvement to make a positive impact on the lives of European citizens in the field of banking supervision.
As a legal trainee in the Decision-Making Policy Section, you will:
- support the Administrative Board of Review in reviewing supervisory decisions;
- contribute to policy notes and briefings on issues of relevance to decision-making and participate in supervisory policy related projects;
- support the preparation of regular reports on supervisory matters.
As a trainee, you will learn about our work through different tasks and projects that will support your transition from student to emerging professional. You will be able to build on your potential and quickly have a real impact on the work we do. Typically, you will develop your skills in order to work in more complex and independent positions with wider responsibilities in the future. You will work side by side with committed and qualified colleagues and managers. You will have the best possible opportunities to create networks, engage with our other employees and increase your personal awareness and business knowledge.
You will be assigned to a Legal Counsel who will act as a mentor and coordinator of your work.
Qualifications, experience and skills
- a master’s degree in law obtained in an EU Member State;
- a sound understanding and knowledge of EU or financial law, including legal aspects of the supervision of financial systems and EU banking legislation;
- an awareness of and interest in the role and functioning of the SSM;
- an advanced command of English and a intermediate command of at least one other official language of the EU.
- PhD studies in a relevant field of law;
- academic experience and/or a publication record in subjects related to banking or financial services law, and/or in any subject of EU law.
You will also bring a can-do attitude and a willingness to improve your competencies and develop yourself, as well as the ability to collaborate and communicate effectively, focus on results, think analytically, support team members, handle sensitive information and add value for stakeholders.
The recruitment process for this position may include a Skype or telephone interview.