European Central Bank: Traineeship in the Supply Side, Labour and Surveillance Division
General Information
Type of contract Traineeship
Who can apply? EU nationals eligible for our traineeship
programme
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 14.12.2023
Your team
You will
be part of the Supply Side, Labour and Surveillance Division in the Directorate
General Economics. Our Division has 36 staff providing analytical work which
focuses on labour market developments, longer-term productivity trends and
other factors driving economic growth and potential output in the euro area,
including the role of innovation, digitalisation and policy responses to
climate change. The team also conducts country surveillance and cross-country
studies, contributes to the ESCB’s quarterly projections and looks into
economic issues relating to EU governance and policies. Besides internal
analysis and assessment, our output encompasses articles and studies in ECB
publications such as its economic bulletin, annual report, working paper series
and occasional paper series. We study productivity developments in the euro
area, both at the firm and macroeconomic level, examining the role of labour
demand and supply in recent labour market developments, conducting a regular
assessment of euro area potential output and its drivers, studying the
macroeconomic consequences of climate change and performing country
surveillance, notably in the context of the European Semester and the annual
Surveillance Report.
In your
role as trainee, you will be part of a data processing team of four members of
staff responsible for processing data requests. This can include producing
charts and graphs on the labour market and supply side developments, supporting
country monitoring and forecasting, building and maintaining datasets, drafting
data commentaries and contributing to analytical projects in collaboration with
the Division’s economists.
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
trainee you will:
- support
the team with data processing and producing charts and graphs;
- help to
develop a database infrastructure using both aggregate macro time series
and micro data;
- contribute
to quantitative analysis for economic and policy assessment;
- help to
maintain analytical, econometric and forecasting tools in the fields of
labour markets, productivity, potential output and country analysis;
- contribute
to the Economic Bulletin and other regular internal and external
publications produced by the Directorate General Economics in
collaboration with other business areas within the ECB.
The
position offers you excellent opportunities to work closely with the Division’s
economists and research analysts and to contribute to its analytical and
policy-related tasks. You will work alongside other trainees and will be
assigned a supervisor. You will also be expected to complete tasks under your
own initiative and to work independently. 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
bachelor’s degree or higher in economics;
- a sound
understanding of macroeconomics and of labour markets and economic growth
in particular;
- a sound
understanding of econometrics, either time series models or applied
microeconomics;
- a good
knowledge of econometrics software packages such as MATLAB or Stata;
- 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.
Desired:
- a
master’s degree in economics (or be close to completion);
- knowledge
of programming languages such as R or Python;
- knowledge
of VBA in Excel and SQL database management.
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.
Further information
Initial
traineeship of 6 months, with a possible extension of up to 12 months in total.
Other
details on the conditions applicable to traineeships
at the ECB can be found on our website.
For
additional information on this specific vacancy, you can speak to Daphne
Momferatou, on +49 (0)69 1344 5758 between 10:00 and 11:00 on Monday, 27
November.
Application and selection process
The
recruitment process for this position will include an online interview.
Further
information on how to apply is available on our
website.
If you are
not selected for this position but are still considered suitable, you will be
placed on a reserve list for 12 months from the closing date for applications,
from which you might be considered for other traineeship positions within the
ECB.