You will be part of the Financial Regulation and Policy Division in the Directorate General Macroprudential Policy and Financial Stability. Our Directorate General has approximately 100 staff providing analysis and policy advice on issues relating to financial stability, the banking sector, non-bank financial intermediation, financial regulation and macroprudential policy.
In our Division, we analyse regulatory policy issues from a financial stability and financial integration perspective. We conduct impact analyses on regulatory policies and contribute to European and international discussions on regulatory and supervisory issues. We also contribute to the ECB’s work on banking regulation, non-bank financial intermediation, and capital market development and integration, as well as the structural transformation of the financial system stemming from the development of private digital money (such as crypto-assets and stablecoins).
In your role as a trainee or PhD trainee, you will be part of a team of approximately 25 members of staff responsible for policy-relevant analysis and coordination of the ECB’s views on the aforesaid issues. You will work closely with our experts, contributing to projects that are relevant to our Division.
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.
contribute to the assessment of macroprudential and financial regulatory policies and/or financial stability arrangements, including through the use of impact assessments to evaluate the effectiveness of adopted or proposed reforms from a financial stability and financial integration perspective. This may include empirical analysis of the interaction between (i) regulation and bank and non-bank intermediation activities, (ii) financial integration and financial stability, and (iii) microprudential and macroprudential instruments.
Other areas of interest include
participate actively in the general work of the Division, including by
The traineeship offers you excellent opportunities to become familiar with macroprudential policy, financial regulation and financial stability by taking part in a variety of tasks and projects. You will be able to develop your potential and will quickly have a real impact on the work of our Division. As a trainee, you will have the opportunity to work in a team alongside committed and qualified colleagues and leaders in the field of financial stability.
You will be able to attend a wide range of seminars and will have access to the ECB’s library, as well as its computing, programming and statistical resources. You will have the opportunity to network and engage with other employees, to grow personally and to increase your business knowledge. 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
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.
Initial traineeship/PhD traineeship of between three and six months, with a possible extension to up to 12 months in total.
The earliest starting date will be March 2026 and additional dates will be available throughout 2026.
Other details on the conditions applicable to traineeships at the ECB can be found on our website.
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.