Closing Date for Applications: Fri, 4 Nov 2016
Functional area: Secretariat to the Supervisory Board
The Directorate Secretariat to the Supervisory Board is seeking candidates for legal traineeships. These are intended to give successful applicants the opportunity to gain experience in matters related to both supervisory law and institutional law.
The Directorate Secretariat to the Supervisory Board (DSSB) ensures the efficiency of the decision-making processes of the Single Supervisory Mechanism (SSM) and the institutional quality of its decisions. It supports the SSM structures, including the Supervisory Board, the Steering Committee, the Administrative Board of Review and the Mediation Panel, as well as other technical sub-structures.
The main functions of the Directorate include: the organisation and coordination of the meetings of the Supervisory Board; the notification and revision of supervisory decisions; preparing policy notes on issues of relevance to the Supervisory Board; providing support to the Chair and Vice-Chair on issues relating to the Supervisory Board; and the coordination and preparation of annual and other regular reports on supervisory matters. The Directorate also advises and assists the Chair, Vice-Chair, and the members of the Supervisory Board in the fulfilment of their responsibilities and obligations, providing assistance with information management and the provision of support to the Supervisory Board.
The Directorate has two Sections: the Decision-Making Policy Section and the Decision-Making Process Section.
In this recruitment campaign, the ECB is seeking to fill two traineeships in the Decision-Making Policy Section.
The Decision-Making Policy Section focuses on guaranteeing the institutional quality of supervisory decision-making processes. This includes, among other tasks, ensuring the completeness of the legal basis of decisions and their compliance with legal requirements, the revision of supervisory decisions, assessing divergent opinions raised and following up on the administrative and judicial review of SSM legal acts, as well as advising the Chair and the Vice-Chair on supervisory decision-making. The Section also contributes to various policy projects. Finally, the Section supports the Administrative Board of Review and the Mediation Panel. The Section comprises legal counsels, supervisors and business process assistants.
The successful applicants will contribute to the overall tasks of the Section and will be assigned a legal counsel as a supervisor.
The successful applicants will be entrusted with the following main tasks:
- assisting with the review of supervisory decisions in order to ensure the completeness of their legal basis and compliance with legal requirements, and the assessment of divergent opinions;
- supporting the Administrative Board of Review in reviewing supervisory decisions;
- contributing to policy notes on issues of relevance to decision-making and participating in supervisory policy projects;
- supporting the fulfilment of accountability obligations and the preparation of regular reports on supervisory matters.
Qualifications and experience:
Applicants must have the following essential competencies:
- a master’s degree in law obtained in an EU Member State;
- a very good understanding and knowledge of EU or financial law, including legal aspects of the supervision of financial systems and EU banking legislation;
- an awareness of and interest in the role and functioning of the SSM;
- an advanced command of English with proven drafting ability;
- a moderate command of at least one other official language of the EU;
- a working knowledge of MS Office, such as Word, Excel and PowerPoint.
Applicants must have the following knowledge and desirable competencies:
- a postgraduate degree in law would be an asset;
- academic experience and/or a publication record in subjects related to banking or financial services law, and/or in any subject of EU law would be an asset;
The successful candidate will have the following behavioural competencies:
- communicates ideas in an effective manner and ensures mutual comprehension;
- handles sensitive information in a discreet manner, respecting confidentiality;
- explores all parties’ underlying needs and seeks solutions that meet those needs;
- ensures timely responses in order to serve clients;
- shares information and supports team members in the achievement of common goals;
- adapts to changing plans and circumstances with ease;
- is comfortable working without close supervision, but knows when to involve others;
- examines issues critically and adopts relevant approaches geared towards successful business solutions;
- prioritises tasks and pays attention to detail, even when under time pressure.
Traineeship of six months, with the possibility of an extension to up to 12 months in total in the same business area.
The selection committee may place suitable candidates on a reserve list, from which candidates may be appointed to similar positions in the same or another business area. It may also be decided to fill the position(s) advertised in this vacancy notice with a suitable candidate or candidates from the reserve list resulting from a recruitment procedure for a similar position. Candidates will be informed accordingly if this happens.