Traineeships in Banking Supervision - Legal Profile

One of the tasks of the ECB is to contribute to a safe and sound European banking system. We carry out this task as part of a system of European banking supervisors called the Single Supervisory Mechanism (SSM). It comprises the ECB and the national supervisory authorities of the participating countries.
We supervise the euro area's largest banks, working in Joint Supervisory Teams, and oversee the supervision of all other banks, working with supervisors from national competent authorities across the euro area. We supervise banks on a day-to-day basis and conduct focused on-site inspections. Supervisors may specialise in fields as diverse as internal governance, credit risk, capital markets, operational resilience, climate risk, cyber risk, geopolitical risk, business models, internal models, capital planning, crisis management, stress testing, and supervisory policy and methodologies.
We also grant and withdraw authorisations for banks, assess acquirers of qualifying holdings, decide on the classification of banks as "significant" or "less significant", and assess the suitability of members of their management bodies. In addition, we impose enforcement measures and sanction banks that breach prudential requirements. We develop our supervisory processes, IT systems and communication tools, including by leveraging artificial intelligence.
Besides the identification of risks and supervisory priorities, we continuously monitor and strive to improve the consistency and effectiveness of our supervisory actions.
We are keen to draw on fresh perspectives for different areas of work and are looking to fill 100 traineeship positions in various fields through four traineeship campaigns running in parallel.

• Your team
• Your role As a trainee you will gain unique hands on experience by carrying out day-to-day supervisory activities as part of an international team of experts.
• For example, you may:
• participate in meetings about risks with supervised banks and banking supervisors;
• assess the impact of risk drivers on banks' risk profiles;
• analyse banks' reports and identify any undesirable developments;
• assess whether banks are complying with supervisory expectations and regulatory requirements;
• collect and scrutinise data, producing tables, charts, presentations and reports;
• support the efficiency of core business processes and systems;
• enhance and automate data processing tasks;
• contribute to projects and activities that implement supervisory practices and standards;
• contribute to one key supervisory process, e.g. planning, supervisory reviews, authorisations, developing supervisory technology, or vertical and horizontal analyses.

• Essential:
• a bachelor's degree or higher in law, public administration, business administration, European studies, banking or a similar field (or having obtained at least 180 academic credits under the European Credit Transfer and Accumulation System - ECTS - by the closing date for applications);
• in-depth knowledge of banking, finance, banking supervision and/or financial regulation (i.e. the SSM Regulation, the SSM Framework Regulation, the Capital Requirements Regulation and the Capital Requirements Directive);
• experience in applying legal requirements and provisions to practical cases, drafting assessments and conducting legal research;
• analytical, interpersonal and problem-solving skills, teamwork and adaptability;
• a keen interest in working for a European institution and protecting the stability of the banking system;
• motivation to make the most of the development opportunities that this traineeship has to offer;
• 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:
• broad academic knowledge of and/or work experience in any of the following fields: risk analysis, supervisory standards and practices, implications of the digital transformation for the financial sector, banking, finance, banking supervision and/or financial regulation;
• project management skills;
• a strong interest in working in a multicultural environment or gaining experience abroad, as demonstrated through, for example, language skills, education, work experience and/or volunteer work.
• 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.