For this open call, the received applications will be evaluated, every two months, by a designated Committee. As a result, a database/reserve list of candidates for a potential selection will be established. The successful candidate will be assigned to a specific domain/area/department/project, depending on his/her background, education and set of skills.
Traineeship positions, where candidates with a “Legal profile” could be placed, are available in different departments across ESMA, for example within:
- The Legal, Convergence and Enforcement Department of ESMA is responsible for providing support and expertise to other Departments of ESMA, to senior management and to ESMA’s Board of Supervisors (BoS) in the following three main areas: Legal services; Enforcement, and Supervisory Convergence. LCE offers traineeship positions
for assistance in specific projects, by providing support in the collection and analysis of information on the national competent authorities’ supervisory frameworks, in preparing regular updates on supervisory convergence initiatives underway, and in assisting in the preparation of key meetings with other EU bodies.
- The Corporate Affairs Department (CAD) is responsible for a broad range of horizontal functions such as relations to the EU institutions and other stakeholders, support to ESMA’s Board of Supervisors and Management Board, the spokesman service, internal control, and strategic planning. CAD offers traineeships in the areas of (EU) stakeholder relations and strategic planning; potential areas of work include assisting with ESMA’s
Securities and Markets Stakeholder Group, support to ESMA’s Senior Management and Management team, as well as other ad hoc projects.
- Markets Department is responsible for the rule-making, supervisory convergence and supervisory tasks related to market infrastructures (at the trading and post-trading levels) and secondary markets conduct rules. MKT department offers traineeship positions for assistance in specific projects, by providing support in analysis of data, data collection for regulatory purposes and assisting in certain policy issues.
- Investors & Issuers Department is in charge of the rule-making and supervisory convergence work related to asset managers, protection of investors and financial innovation, and leads ESMA's work on files like the AIFMD, UCITS and MiFID II/MIFIR. INI department offers traineeships positions for assisting in different projects/ad-hoc
projects (e.g. analysis of data, data collection, risk monitoring, assisting in certain policy issues etc.).
- The Supervision department is responsible for the registration and ongoing supervision of credit rating agencies and trade repositories. The department consists of two areas: the Monitoring and Strategy team is responsible for the day-to-day supervision and related risk analysis of all registered entities, and the Investigations Unit is responsible for the assessment of registration applications and conducting targeted investigations.
Supervision department offers traineeships in the area of analytical support (identification/development of key statistics, assisting in preparation of manuals, documentations, reports and reporting standards/tools), assisting in definition and methodologies of rating of funds.
Depending on the specific domain, the selected candidate, under direct supervision of the traineeship tutor, may be responsible for some of the following:
- assist the Department in its daily activities;
- provide assistance on various files and (legal) requests;
- draft and revise various documents, under supervision;
- interact with internal and external stakeholders on legal questions;
- research and analyse law sources such as EU regulations, legislations, legal articles,
- assist in briefings of meetings;
- contribute to internal reporting tasks, or
- provide administrative support (archiving, data entry and processing, etc.) related to the
above mentioned tasks.
Candidates must satisfy all eligibility criteria and provide relevant supporting documents at the
time of submission of their application:
- be a national of a Member State of the European Union or the European Economic Area
(EEA): Iceland, Liechtenstein or Norway;
- have a good knowledge of English
- be covered in the event of illness or accident by a national social security scheme or a
private insurance policy6
- for “graduate traineeships”: have completed the first cycle of a higher education course
and obtained a university degree or its equivalent (bachelor degree)
for “undergraduate traineeships”: have an official declaration from the relevant university.
B. Advantageous requirements
The below mentioned requirements are not obligatory, and substitute an additional asset:
- university degree in law;
- specialisation in EU financial and/or administrative law would be highly desirable;
- knowledge (acquired by experience or education) of financial markets;
- good drafting skills in English (preparation of presentations, speeches, articles, revising of
- knowledge of the standard Microsoft applications (Excel, PowerPoint).