European Central Bank – Traineeship in DG-Economics
Reference: 2015-200-TRA EXT
Closing Date for Applications: Tue, 29 Sep 2015
Functional area: Economics
The Directorate General Economics of the European Central Bank (ECB) is seeking applications from students who have recently been awarded a master’s degree in statistics, computer science, economics or finance and are interested in participating in an ECB traineeship programme. The traineeship, in the Directorate General’s Fiscal Policies Division, will be for a period of six months, with a possible extension of up to a further six months.
The Fiscal Policies Division is responsible for monitoring, analysing and assessing the national fiscal policies of the EU Member States and the euro area fiscal stance, as well as for preparing fiscal forecasts. The functions of the Division include:
– monitoring and assessing national budgetary plans in the stability and convergence programmes of Member States, including their implementation in annual budget laws;
– monitoring and forecasting budgetary developments (including government financial operations), in close cooperation with national central banks;
– assessing structural and institutional fiscal policy issues (including those related to the Stability and Growth Pact, tax and expenditure policies, social security reforms, the quality of public finances and the role of fiscal institutions);
– assessing the long-term sustainability of public finances (including the budgetary consequences of financial stability operations and population ageing);
– conducting analytical studies on current and structural public finance issues, both from an EU cross-country perspective and a euro area-wide perspective;
– preparing the external communication of the views of the ECB, as well as of the Eurosystem and of the European System of Central Banks, on the fiscal policies of EU Member States and the euro area fiscal stance.
The successful applicant will be entrusted with the following main tasks:
– contributing to the regular work of the Division, namely maintaining and developing databases on fiscal developments in EU Member States and euro area countries;
– preparing documents and reports;
preparing internal and external presentations to be given by the Division’s staff
the trainee may also be asked to work on specific projects, such as improving forecasting tools or contributing to the Division’s analytical projects.
Qualifications and experience:
Applicants must have the following knowledge and competencies:
– a master’s degree in statistics, computer science, economics or finance;
experience with statistical and econometric packages, such as EViews, Stata, R or MATLAB, would be an asset;
– knowledge of and experience in building and maintaining databases would be an asset;
– knowledge of and experience in working with market data services (e.g. Bloomberg or Thomson Reuters) would be an asset;
– experience in collecting macroeconomic data from statistical sources would be an asset.
– an advanced-level command of English;
– an intermediate-level command of at least one other official language of the European Union;
– a good working knowledge of MS Office, in particular Excel (including VBA).
The successful candidate will have the following behavioural competencies:
– analyses complex datasets from a variety of sources;
– pursues projects with energy and drive;
– is able to work without close supervision and can prioritise tasks to deliver results within tight time frames;
– takes the initiative in improving products and simplifying complex processes;
communicates ideas in an effective manner and ensures mutual comprehension;
contributes to the success of projects by putting forward new ideas.
Traineeship of six months, with the possibility of an extension of up to a further six months in the same business area or in the Directorate General Statistics.
To further enhance the diversity of its workforce, the ECB particularly encourages applications from female candidates.
The successful candidate will mainly work in collaboration with staff members but will be expected to complete his/her tasks using his/her own initiative and to also work autonomously.
The selection committee may place suitable candidates on a reserve list, from which candidates may be appointed to similar positions in the same or another business area. It may also be decided to fill the position(s) advertised in this vacancy notice with a suitable candidate or candidates from the reserve list resulting from a recruitment procedure for a similar position. Candidates will be informed accordingly if this happens.
How to apply:
Applications are to be made in English and submitted using our online application form. An "Applicants’ Guide" can be downloaded from our recruitment pages.
The recruitment process may include a pre-screening exercise and a telephone interview.
Before applying, applicants should check that they meet the conditions set out in Article 4 of the rules governing the traineeship programme:
Further information on the ECB’s traineeships can be found at
Applicants are accepted from nationals of the Member States of the European Union.
The requirements laid down in the vacancy notice must be met by the closing date for applications.
This vacancy notice may be used to fill the same position again, or similar positions, within 12 months of the selection decision.