Germany Job Openings

The European Central Bank

Senior Economist (ESCB/IO) - Fiscal Policies

Frankfurt am Main

FULL TIME

September 9, 2024

General Information

Type of contract Short-term contract, which may be extended to up to 36 months subject to individual performance and organisational needs

Contract end date 31.12.2027

Who can apply? EU nationals working for national central banks of the ESCB, international governmental organisations or other employers performing central banking or banking supervision tasks within the framework of the Eurosystem

Salary F/G (bracket 2 - step 1) full time monthly net salary: €7,613 plus benefits, for further information see what we offer.

Role specialisation Economics and Monetary Policy

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 30.09.2024

Your team

You will be part of the Fiscal Policies Division in the Directorate General Economics. Our Division has around 30 members of staff who are responsible for, among other things, monitoring, analysing and assessing the national fiscal policies and plans of EU Member States and the euro area fiscal stance; assessing structural issues in public finances, notably fiscal policy rules (including the Stability and Growth Pact) and tax and expenditure policies; assessing the medium and long-term sustainability of public finances, including by maintaining the ECB’s sovereign debt sustainability analysis framework; and preparing policy assessments and briefings for internal and external use relating to the fiscal policies of the EU and its Member States, including for meetings of EU bodies in which the ECB participates.

The Division comprises the Fiscal Surveillance Section and the Fiscal Analysis Section, which cooperate closely to fulfil the Division’s tasks.

In your role as a Senior Economist, you will monitor, analyse and assess fiscal policies in euro area countries/EU Member States; conduct analytical studies on fiscal issues, such as the impact of fiscal policies on macroeconomic developments and the implications of the EU’s fiscal governance framework; and contribute to the Division’s macroeconomic modelling efforts.

The ECB is an inclusive employer, and we strive to reflect the diversity of the population we serve. We encourage you to apply irrespective of age, disability, ethnicity, gender, gender identity, race, religious beliefs, sexual orientation, or other characteristics.

Your role

As a Senior Economist you will:

contribute to reports, briefings and quarterly projections related to budgetary developments in euro area countries/EU Member States, thereby contributing to work on the euro area/EU as a whole;
conduct analytical studies on public finance issues, possibly also in the area of fiscal governance;
contribute to the development of the statistical and econometric tools and techniques needed for analytical and forecasting purposes, which may include enhancing and expanding the Division’s fiscal modelling toolbox;
communicate the results of analytical and policy work to the ECB hierarchy, including senior management, the Executive Board, the Governing Council and the General Council, as well as to the general public, including via contributions to speeches and to the ECB’s Economic Bulletin;
establish and maintain contacts with counterparts within and outside the euro area, including in EU national central banks, the European Commission, the International Monetary Fund and the academic community.

The position offers you excellent opportunities to develop fiscal analysis of highly policy-relevant and topical questions. 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 master’s degree or equivalent in economics or another relevant field (see How you can join us for details on degree equivalences);
in addition to the above, a minimum of seven years’ professional experience at the level of an economist in preparing policy-related analytical material;
in-depth theoretical and empirical knowledge of issues relevant to fiscal policy;
knowledge of the main issues concerning the EU policy framework, the Stability and Growth Pact and the economic and institutional aspects of Economic and Monetary Union;
in-depth theoretical and practical knowledge of statistical and econometric techniques used for analytical purposes;
an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the Common European Framework of Reference for Languages.

Desired:

a Ph D and/or a publication record in the analysis of fiscal policy using macroeconomic models;
proficiency in quantitative methods and programming languages.

You engage collaboratively with others. You pursue team goals and learn willingly from other people’s diverse perspectives. You signal any need for change by explaining it and proposing alternative solutions. You analyse complex information effectively and can evaluate different views to arrive at solutions. You know and anticipate stakeholder needs. You are skilled at encouraging people to develop their abilities and are able to build up high-performing teams.

You are motivated to be part of our team and to develop and use your skills and competencies to achieve the aims of this position.

Working modalities

We would be happy to discuss a part-time arrangement for this role.

Further information

The contract offered will be short-term ESCB/IO, the appointment being for 12 months as of the exact starting date of the selected person, extendable to up to 36 months subject to individual performance and organisational needs.

Candidates must have a contract of employment with their home institution for a period of at least one year beyond the duration of the ECB contract being offered.

For additional information on this specific vacancy, you can speak to Nadine Leiner-Killinger, Head of the Fiscal Analysis Section, on +49 172 257 4169.

Application and selection process

The recruitment process for this position will be conducted remotely. It will include a written exercise, a presentation and an interview.

If you are not selected for this position but are still considered suitable, you will be placed on a reserve list (see step 4 of How we hire), from which you might be considered for similar positions within the ECB.

Find out how to apply for a position at the ECB.

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