As Deutsche Bank Implodes, The ECB Is Making A "Strategic" Hire...

With Deutsche Bank crashing and burning for the second time in 2016, with its stock taking out all time lows and CDS spiking to record levels not seen even during the financial crisis, the ECB - which earlier denied its policies are at fault for the German lender's woes - has realized that in addition to bond buyers (if not so much sellers), it needs to beef up its staffing in one critical area: banking supervision.

In a very ironic job posting announced on the ECB's twitter feed, the ECB announced a job alert according to which it is now (or, perhaps at long last) hiring a banking supervision analyst.

While the ECB did not explicitly name Deutsche Bank in the posting, it detailed what the central bank is looking for in a qualfied candidate, one which the ECB probably should have hired years ago, as follows:

Banking Supervision Analyst

Functional area: Micro-Prudential Supervision III

Function: The European Central Bank (ECB) is seeking professionals with experience in the prudential supervision of credit institutions, in supervisory policies, standards and principles, and/or in financial policy development with a supervisory authority, commercial bank or related consulting services, to fill the position of Supervision Analyst within its Directorate General Microprudential Supervision III (DG/MS III), in the Analysis and Methodological Support Division.

The main tasks of the Analysis and Methodological Support Division include: establishing and updating methodologies for risk assessment systems and supervisory review processes for less significant institutions, as well as monitoring the risk assessments of these institutions carried out by national competent authorities (NCAs) and identifying and collecting relevant information from NCAs; developing tools for carrying out quantitative assessments of idiosyncratic and systemic risks and vulnerabilities, e.g. early warning systems and stress tests; conducting thematic reviews of broader non-institutional or sectoral risk developments; and defining the supervisory reporting requirements for less significant institutions, implementing reporting standards and data processing tools, and adapting the IT tools for supervision to the context of less significant institutions.

The successful applicant will be entrusted with the following main tasks:

  • supporting the adaptation of IT tools for supervision to the context of less significant institutions;
  • supporting the general and sectoral oversight of the supervision of less significant institutions with detailed analyses;
  • contributing to the analysis of technical IT project requirements and of users’ prioritisation;
  • developing and implementing plans for communicating to users and organising and implementing methods to ensure system knowledge among users increases;
  • fostering user satisfaction by contributing to and supporting the development, conduct and analysis of end-user surveys;
  • providing application support to end users;
  • assisting with data collection and the production of tables and charts for reports.

Qualifications and experience:

Applicants must have the following knowledge and competencies:

  • a bachelor’s degree in a relevant field (e.g. IT, economics, finance, engineering, business administration) or at least four years of relevant professional experience;
  • ideally, two years of professional experience (or six years or more in the absence of a bachelor’s degree, as mentioned above) in banking supervision, financial services (including in consulting services in the context of financial services governance and advisory control) or IT project management;
  • an advanced-level command of English with proven drafting ability;
  • an intermediate-level command of at least one other official language of the EU;
  • a good knowledge of the working methods of the Eurosystem and the European System of Central Banks and/or other relevant European and international fora would be an asset;
  • experience in data management and IT projects would be an asset;
  • supervisory knowledge would be an asset;
  • a working knowledge of MS Office, such as Word, Excel and PowerPoint;
  • knowledge of document management systems such as OpenText Livelink would be an asset.


  • The successful candidate will have the following behavioural competencies:
  • generates agreed results within tight time frames; uses rigorous logic and comprehensive processes in order to solve difficult problems;
  • examines issues critically and adopts relevant approaches geared towards successful business solutions; breaks things down into their constituent parts to determine cause-and-effect relationships;
  • makes improvements to service on the basis of feedback and has established methods of improving quality;
  • takes the initiative in improving policies, processes and products;
  • establishes and maintains cooperative relationships with staff and management at all levels, both inside and outside the organisation;
  • engages others both directly and indirectly in order to communicate ideas and implement the most suitable approach;
  • shares information and supports team members in the achievement of common goals;
  • manages multiple assignments and tracks progress on numerous processes simultaneously;
  • understands who his/her clients are and what their expectations are; ensures timely responses in order to serve clients.

Further Information:

Three-year fixed-term contract, with possible conversion to a contract of indefinite duration subject to individual performance and organisational needs.

To further enhance the diversity of its workforce, the ECB particularly encourages applications from female candidates.

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, a written exercise, a presentation and interviews.

Further information on the ECB's conditions of employment for fixed-term positions can be found at

Applications are accepted from nationals of 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.

This position has been allocated to salary band: E/F