Senior Economist - External Developments in Frankfurt am Main bei The European Central Bank

You will be part of the External Developments Division in the Directorate General International and European Relations. Our Division has 25 staff members who monitor and analyse economic conditions in non-EU countries, the global economic environment and international trade. We prepare macroeconomic forecasts for non-EU countries and the global economy and coordinate the international part of the ECB/Eurosystem staff projection exercise. We also conduct simulation and scenario analysis relating to the international environment, including global trade. We are currently analysing developments in systemic economies and drivers of structural change at the global level. Our research supports the ECB’s decision-making bodies and may feed into the documentation used by Executive Board members and senior managers at European and international meetings. The Division also acts as the primary contact for central banks and other institutions in non-EU countries.

In your role as Senior Economist, you will be part of a team of five responsible for monitoring, analysing and forecasting developments in advanced economies, with a special focus on the United States. The work includes developing and maintaining models to be used for forecasting and scenario analysis, as well as preparing briefing and conducting analytical studies on topical issues, including from a cross-country perspective. It will involve working closely with other colleagues across the division, as well as its senior management, and reporting to various committees and fora.

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.

As a Senior Economist you will:

• steer the monitoring, analysis and forecasting of macroeconomic developments in advanced economies;
• contribute to developing and maintaining the modelling tools used in the Division for policy analysis, with an emphasis on designing and implementing model-based policy simulation scenarios;
• conduct analytical studies of an applied nature for the division’s regular and ad hoc policy contributions;
• prepare briefing material for international meetings, draft contributions for the ECB’s official publications (e.g. the Economic Bulletin, Financial Stability Report and Annual Report) and conduct analyses of policy-relevant issues;
• establish and maintain contact with external counterparts with the aim of exchanging views;
• present policy analysis and studies to internal and external committees and fora.

For this role we are seeking candidates who demonstrate the potential for growth, and we will support the selected candidate in their development of the required skills.

The position offers you excellent opportunities to develop macroeconomic modelling tools and apply them to the analysis of topical issues (e.g. understanding drivers of structural changes in key, systemically relevant economies). You will work in close collaboration with the management team and interact with other business areas within the ECB, as well as national central banks and international organisations (such as the International Monetary Fund and World Bank). You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.

Essential:

• a master’s degree or equivalent in economics, finance or another relevant field (see How you can join us for details on degree equivalences);
• in addition to the above, a minimum of seven years’ professional experience at the level of an economist working in the field of international macroeconomic analysis and policy (or a PhD in a relevant field plus three years’ professional experience at the level of an economist);
• professional experience gained at a central bank or an international institution;
• a track record developing and using macro models, including multi-country model