Functional area: International & European Relations
The Directorate General International and European Relations of the European Central Bank (ECB) is seeking applications from students who have recently completed, or are close to completing, their post-graduate studies to participate in traineeships in its International Relations and Cooperation Division.
The Division is responsible for preparing policy positions, analyses and briefings on issues related to the International Monetary Fund (IMF) and other international and regional financial institutions. It provides the Secretariat of the International Relations Committee of the European System of Central Banks (ESCB) and coordinates briefings and meeting preparations for the institutions and fora that fall under its core responsibilities.
The Division coordinates within the ECB technical cooperation with central banks outside the European Union and maintains high-level dialogues with these central banks.
It also prepares policy positions, analyses and briefings on issues related to EU candidate and potential candidate countries (including issues related to financial stability) and the EU accession process. It acts as primary contact for central banks and other institutions in EU candidate and potential candidate countries.
The traineeships provide an opportunity to work closely with staff members in the Division. Trainees may become involved in analytical projects and in work of a more operational nature, such as supporting colleagues in preparing policy-related notes, establishing databases, providing research assistance or organising events. The traineeships will allow successful candidates to gain an insight into the analytical activities and operational processes of the Division.
The successful applicants will be entrusted with tasks relating to one or more of the Division’s areas of responsibility, namely:
(a) economic developments in EU candidate and potential candidate countries, including monetary and exchange rate policy frameworks;
(b) financial stability issues in EU candidate and potential candidate countries;
(c) policy issues concerning the IMF, other international or regional financial institutions, and the international financial architecture (particularly related to the prevention and management of macroeconomic crises).
Depending on the analytical project, specific tasks may also include: the construction and maintenance of databases, the presentation of data in conjunction with economic analysis, the programming of statistical procedures for projects and the support and maintenance of software tools.
Applicants are invited to explain their motivation for working in one of the divisional areas of responsibility mentioned above. They are also highly encouraged to submit any analytical work or written output they have completed that is of relevance to the area in question.
Qualifications and experience:
Applicants must have the following knowledge and competencies:
- a master’s degree in economics or international finance (completed or close to completion);
- a focus on international and/or monetary economics would be an asset;
- ideally, a record of analytical work on the divisional areas of responsibility mentioned above;
- an advanced-level command of English;
- an intermediate-level knowledge of at least one other official language of the EU;
- a working knowledge of MS Office, in particular Word, Excel, PowerPoint and Access;
- ideally, experience with database systems and econometric packages.
For some projects, it would be considered an asset if the candidate has:
- a good knowledge of macroeconomic and financial market statistics as contained in international databases (such as those provided by Datastream, Bloomberg, the ECB, the Bank for International Settlements or the International Monetary Fund)
- a very good knowledge of spreadsheet and database programmes (such as Excel) and standard econometric packages (such as STATA, RATS, GAUSS, EViews or MATLAB), in addition to programming experience.
The successful candidate will have the following behavioural competencies:
- analyses complex datasets and qualitative information from a variety of sources;
- supports colleagues;
- communicates clearly, both orally and in writing;
- takes the initiative and shows commitment;
- independently manages his/her workload;
- delivers agreed results within tight time frames;
- pays attention to detail, even when under time pressure.
Traineeship of three months, with the possibility of an extension to up to 12 months in total in the same or another business area.
To further enhance the diversity of its workforce, the ECB particularly encourages applications from female candidates.
Applicants should also submit a complete list of their graduate and undergraduate courses and related grades, and at least 1 letter of recommendation from their supervisors or faculty members, all in English. The list of courses and grades does not have to be officially issued by the academic institution in question but can be prepared by the applicant. The documents should be uploaded as a single PDF file in the “attachments” section of the application. They must be uploaded before the closing date for applications. Later submissions or submissions outside of the ECB’s e-recruitment system will not be accepted.
Envisaged interview dates: January/ February 2017
Envisaged starting date: A mutually agreed date in 2017, depending on the schedule of the International Relations and Cooperation Division and the availability of the selected candidates.
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.