Financial Sector and Market Analyst

Deadline for application: 15 January The ESM is looking for a Financial Sector and Market Analyst ad interim to cover for a maternity leave, thus temporarily supporting our team in the Financial Sector and Market Analysis division within the Chief Economist department of the European Stability Mechanism ("ESM"). The selected candidate will report to the Head of the Financial Sector and Market Analysis division.

The Financial Sector and Market Analysis (FSMA) Division provides risk analysis on financial sector developments and market activity of bank and non-bank financial institutions; develops technical advice on regulatory and policy matters related to the euro area financial sector and its member states. The division is a key contributor to the design and implementation of analytical tools for the ESM to achieve its mandate.

The successful candidate will support the team in assessing how economic and policy developments affect the performance, market valuations and riskiness of financial institutions of euro area countries and the financial sector at large, as well as how financial sector vulnerabilities and risks may affect the real economy and country debt sustainability. He/she will also be part of a team tasked with the development and integration of new analytical tools to detect risks stemming from banking and the overall financial sector and understand macro-financial linkages. 

KEY ACCOUNTABILITIES

In support of the ESM's Financial Sector and Market Analysis division, the selected candidate will perform the following tasks:

• Contribute to build and apply analytical tools and models that provide insight on economic and financial developments and risks in euro area countries and at the euro area level.
• Serve as subject matter experts on banking and/or financial sector risks, financial stability, and macro-financial linkages.
• Produce high-quality research on topics related to the ESM's role as a crisis resolution organisation, specifically focusing on systemic and macro risks related to the banking sector and financial markets.
• Produce notes and reports to support the ESM's monitoring and analysis of economic and financial developments in the euro area.
• Support ESM's interactions with the economic and research teams of peer organisations in the euro area and globally, such as the European Commission, the European Central Bank, and the International Monetary Fund, as well as researchers and analysts in academia and financial market institutions.

KEY BACKGROUND & EXPERIENCE

• Minimum a master-level degree, preferably in economics, econometrics, banking, or finance. PhD is considered a strong asset.
• At least three years of relevant experience in financial sector focused analysis gained in international financial institutions, central banks, or other relevant authorities.
• Experience analysing the banking sector with public databases (like S&P Capital IQ, Fitch Connect, Dealogic, etc).
• Solid knowledge of data handling and statistical techniques are considered strong assets. 
• Ability to transform data into compelling and persuasive written and oral arguments.
• Ability to draft technical documents and present information professionally and concisely.
• Fluency in English, including good drafting skills.

KEY COMPETENCIES 

• Analytical and problem-solving skills 
• Good communication and presentation skills
• Flexibility, self-drive and results-orientated approach
• Ability to work quickly and accurately in a fast-paced environment 
• Conceptual thinking, Problem-solving skills, and creativity 
• Positive team spirit and adaptability 
• Proactive attitude and intellectual curiosity

APPLICATION PROCESS AND PRACTICAL INFORMATION

• Deadline for applications: 15 January 2026
• Expected start date: as soon as possible
• Contract type: interim contract
• Contract duration: 6 months, with possibility of extension up to 1 year.

• Note: Modalities of this non-ESM staff contract will be discussed directly with the candidate.

The ESM provides equal opportunity to all candidates irrespective of gender, nationality, age, race, culture, education, religious beliefs, sexual orientation or disability. To further enhance our workforce's diversity, we encourage women to apply.