Paid Traineeship in the field of stress testing and macroprudential policy is available in European Central Bank in Germany. Through this traineeship, you will be part of the Stress Test Modelling Division in the Directorate General Macroprudential Policy and Financial Stability.

Benefits

• The trainee grant is €1,070 per month plus an accommodation allowance.
• Excellent opportunities to use the latest macroeconomic and microeconomic modelling tools in the area of stress testing and the assessment of macroprudential policies.
• Opportunity to develop your potential and gain an overview of the tasks performed by the Division and may occasionally contribute to its regular work.
• You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.

Eligibility

• a bachelor’s degree or higher in economics, finance, statistics, business administration (with a focus on accounting), mathematics, physics, engineering, computer science or a related discipline;
• likewise, a sound knowledge of advanced statistical and economic methods, including macro-econometrics, panel data econometrics, micro-econometrics, and/or large semi-structural or DSGE models, and/or financial economics, industrial organisation with a focus on banking, computational economics and/or an advanced knowledge of numerical techniques;
• a sound knowledge of at least one programming language or econometric software package (e.g. MATLAB, R, Stata, C++, Python, VBA and/or Dynare);
• an advanced command of English and an intermediate command of at least one other official language of the EU.

Preferred

• knowledge of stress-testing models;
• experience of working with banking and other financial data, such as Bloomberg, Datastream and/or knowledge of corporate or bank accounting;
• experience of working with official financial sector statistics (e.g. from the ECB, Eurostat or the Bank for International Settlements)

Key Responsibilities

• supporting the regular work of the Division, including activities related to EU-wide stress tests
• similarly, supporting the regular model-based macroprudential analyses carried out in the Division;
• contributing, through data collection and research assistance, to specific analytical projects, such as the development of models and tools
• contributing to the maintenance, updating and further development of databases for stress test and macroprudential policy analysis