Type of contract Traineeship
Who can apply? EU nationals eligible for our traineeship programme (see further information section)
Grant The trainee grant is €1,070 per month plus an accommodation allowance (see further information section)
Working time Full time
Place of work Frankfurt am Main, Germany
Closing date 06.04.2021
You will be part of the Secretariat of the European Systemic Risk Board (ESRB), a body of the European Union.
The ESRB brings together representatives from some 80 institutions and independent experts. It is responsible for the macroprudential oversight of the EU financial system and thus contributes to preventing and mitigating systemic risk. It collects and analyses information on a wide range of financial institutions and markets, monitors macro-financial developments, and issues warnings and recommendations to policymakers and supervisors. Further information is available on the ESRB’s website.
The ESRB Secretariat is part of the ECB. We provide analytical, statistical, logistical and administrative support to the ESRB. Our tasks include identifying and analysing systemic risks to the EU financial system, assessing and proposing macroprudential policies, preparing ESRB warnings/recommendations and monitoring their implementation, cooperating with supervisory and other macroprudential authorities, supporting ESRB working groups and preparing documents for meetings of the ESRB General Board.
As a legal trainee, you will join the legal team of five members of staff that assists the ESRB Secretariat with the legal aspects of the ESRB’s activities. You will work closely with ESRB member institutions from across the European Union.
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 your gender, gender identity, ethnicity, sexual orientation, age, religion, disability or other characteristics.
As a legal trainee you will:
support the ESRB, its decision-making bodies and the ESRB Secretariat in the fulfilment of their statutory responsibilities and obligations;
draft legal instruments such as recommendations or warnings, as well as assist with the adoption, transmission and publication of those instruments;
provide legal advice on the interpretation of the EU financial services regulatory framework and assist colleagues with policy development;
act as the secretary for the assessments of compliance with ESRB recommendations.
The position offers you excellent opportunities to put your knowledge of EU law and the operation of financial markets into practice and to shape macroprudential policy in Europe. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.
a bachelor’s degree or higher in law;
advanced knowledge of EU law, including EU financial services law, covering fields such as banking insurance and pension funds, capital markets and market infrastructure;
a keen interest in the operation of financial institutions and financial markets;
the ability to communicate the results of complex analytical work to a non-expert audience;
a good knowledge of the MS Office package;
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.
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 ESRB’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 objectives of this position.
Traineeship of between 6 and 12 months in total.