Functional area:Micro-Prudential Supervision IV
Reference:2015-084-EXT S
Function:
The Council Regulation establishing a single supervisory mechanism (“SSM Regulation”) confers specific tasks on the European Central Bank (ECB) concerning policies relating to the prudential supervision of credit institutions on the basis of Article 127(6) of the Treaty on the Functioning of the European Union.
In order to establish its prudential supervisory function, the ECB is seeking Principal Supervisors for the Central Operations Office of its Directorate General Micro-Prudential Supervision IV.
The Directorate General Micro-Prudential Supervision IV is responsible for carrying out horizontal supervision and specialised expert functions in areas such as supervisory quality assurance, supervisory policies, the development of methodologies and standards, authorisation, enforcement and sanctions, crisis management, capital market risk analysis and model validation, bank governance and business models, on-site inspections and central operations.
The Central Operations Office in the Directorate General Micro-Prudential Supervision IV has the overall objective of providing the set of solutions, tools and means to efficiently and smoothly perform the operations of the supervisory model throughout the entire Single Supervisory Mechanism (SSM). These tools should contribute to the objective of supporting the standard procedures, ensuring consistency in the supervisory approaches used and guaranteeing compliance with the methodologies applied across and within the SSM. The Central Operations Office is the single point of contact of the SSM for gathering information on user requirements, evaluating available options and ensuring the effective provision of solutions. Its internal consultancy role involves effective interaction with service providers, both internal and external, as well as the management of SSM-related projects as business owner.
Main tasks of the Principal Supervisors:
The successful applicants will be entrusted with the following main tasks:
- possibly coordinating teams; acting as a reference point and mentor for new employees within the Central Operations Office;
- understanding and assessing the functional procedures of the different business areas of the SSM;
- interacting and liaising with a wide range of users and stakeholders within these business areas;
- envisioning solutions and tools that would effectively and efficiently support the SSM procedures;
- providing advice and guidance to the different business areas of the SSM with regard to the tools and systems that they should use to facilitate and support the operation of their processes;
- formulating, structuring and prioritising user requirements with sound judgement, approaching the process of procurement and implementation with a focus on effective delivery;
- liaising with internal and external service providers, conveying the requirements effectively, planning projects and monitoring their implementation;
- assessing, testing and verifying the quality of the procured solutions, with a specific focus on the completeness of the design and the suitability and performance of the deliverables;
- organising training activities related to the areas of competency of the Central Operations Office;
- managing changes to the organisational procedures resulting from the new tools and components delivered; communicating effectively and supporting the users in order to ensure smooth transitional periods;
- reporting and communicating internally and externally the progress made and the risks associated with the provision/development process; proposing solutions and actions to mitigate risks that take account of cost and effectiveness;
- contributing to the definition, maintenance and implementation of internal processes within the Central Operations Office ;
- providing guidance to the Joint Supervisory Teams (JSTs) and other end users in the SSM with regard to the tools and solutions delivered; raising awareness of consistency and homogeneity;
- cooperating with the relevant functions of national competent authorities as well as with dedicated groups in order to establish clear communication channels and share knowledge;
- participating in working groups, task forces and committees;
- preparing notes, memos and dossiers, as well as representing the Central Operations Office both internally and externally, acting as an opinion leader in his/her own area of expertise and supporting the decision-making bodies (senior management, internal committees, sub-groups and their chairs);
- additional activities/tasks may be required as necessary.
Qualifications and experience:
Applicants must have the following knowledge and competencies:
- a master’s degree in a relevant field (e.g. engineering, economics, finance, business administration, mathematics, statistics or physics) or a bachelor’s degree in one of these fields combined with at least four years of relevant professional experience;
- ideally, five or more years of professional experience (or nine or more years in the case of applicants holding a bachelor’s degree) in project management, preferably in the banking sector,
- ideally, five or more years of experience in successfully coordinating and leading a team of highly qualified staff;
- professional experience in consultancy in the financial sector would be a major advantage;
- sound professional experience in the commercial banking sector in areas such as risk evaluation, internal models, operations or internal audit would be a major advantage;
- sound professional experience in banking supervision would be a strong asset;
- professional experience in using quantification methodologies for banking risks (e.g. credit, market, liquidity, legal or operational risk) would be a strong asset;
- experience in designing, developing and delivering complex IT solutions specifically related to areas such as banking applications, risk management systems or management information systems would be a strong asset;
- professional experience in the private sector, particularly in the areas of internal governance and project management office (PMO) would be an asset;
- professional experience in developing or assessing business processes, procedures and methodologies would be an asset;
- experience in dealing with multicultural and multilingual teams would be an asset.
- an advanced command of English;
- a good knowledge of at least one other official language of the EU;
- knowledge of other EU languages would be an asset;
- 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.
Competencies:
- examines issues critically and adopts relevant approaches geared towards successful business solutions;
- has an informed and balanced perspective when forming policy judgements;
- has a number of well-established ways of defusing tension and coping with work under pressure;
- sets objectives and establishes work schedules to achieve team goals within strict deadlines and to deliver beyond expectations, even in the case of challenging tasks;
- builds relationships of mutual trust by giving reliable advice based on his/her understanding of issues relevant to the Central Operations Office and the institution as a whole, and gives timely and constructive feedback, both negative and positive, to those who work with him/her;
- communicates complex issues in a clear and effective manner to different audiences and ensures mutual comprehension;
- negotiates skilfully in difficult situations involving both internal and external parties, and establishes mutually agreeable solutions;
- learns quickly and adjusts to a new environment, thereby gaining an understanding of the key organisational goals and the wider context in which the ECB works;
- demonstrates the highest degree of loyalty to the ECB’s objectives and shows outstanding commitment to the achievement of organisational goals.
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.
Candidates should make themselves available within one week of being invited to participate in the further selection procedure. Candidates who are not available during the specified period may be excluded from the further selection procedure.
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.
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.
Further information:
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.
Closing Date for Applications:Mon, 13 Apr 2015
This position has been allocated to salary band:H