Your role

As a trainee in the Directorate General Market Operations, you will work closely with experts on a diverse range of monetary policy activities. You will have a unique opportunity to develop your teamwork skills and gain hands-on experience, delivering analysis and presentations to colleagues, senior management, and Eurosystem committees and working groups.Throughout your traineeship you will:

collect, manage and integrate data from different sources;

transform business processes by harnessing automation, new technologies, data analytics and visualisation tools, working together with other ECB business areas;

analyse financial market developments (covering, for example, government bonds, foreign exchange and money markets) using granular data, and compile regular reports;

produce analyses and summaries of meetings with external counterparties, and coordinate market contact groups;

monitor the performance of the Eurosystem monetary policy implementation framework, changes in Eurosystem balance sheet items and bidding behaviour in standard refinancing operations;

test software and configure financial instruments in the treasury management system, reflecting changes in the operational framework and supporting users to ensure that Eurosystem operations can be processed smoothly;

help assess the financial eligibility of monetary policy counterparties and enhance the Eurosystem collateral framework on a policy, operational, and technical level.

The traineeship position offers you extensive exposure to financial markets and monetary policy implementation. You will also have the opportunity to thoroughly examine data, immerse yourself in a dynamic operational environment and contribute meaningfully to a larger mission.You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.

Qualifications, experience and skills

Essential:

a bachelor’s degree or higher in finance, economics, econometrics, mathematics, statistics, computer science or a related discipline;

a sound understanding of issues related to financial markets and market operations, including those of the European Central Bank or the Eurosystem;

experience using one or more of the following: SQL, Python, R, Java, MATLAB, Stata, Tableau, MS Power BI, VBA, Bloomberg or Refinitiv Eikon;

experience preparing, analysing and visualising complex data (e.g. financial market data, transaction-level data, micro data, high frequency data, survey data);

a good knowledge of the MS Office package, including an advanced knowledge of MS Excel;

an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the .

Desired:

a master’s degree in finance, economics, econometrics, mathematics, statistics, accounting, computer science or a related discipline;

a solid background in econometrics, statistics, data science, AI or machine learning techniques;

experience using databases and market data services.

You are curious and eager to learn, and want to further develop your ability to analyse complex information. You are keen to collaborate with others, pursue team goals and learn from other people’s diverse perspectives. You strive to know and anticipate stakeholder needs, and will signal any need for change and propose alternative solutions.You are motivated to contribute to the ECB’s mission, to serve the citizens of the EU as a member of a public institution and to work with colleagues from all over Europe. You are keen to be part of our team and to use your skills and competencies to achieve the aims of this position.