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Please see below an opportunity to work with unique high-frequency
financial data and build tools for analyzing financial networks. Feel
free to forward to anyone you think might be interested.
Please note that the application deadline is next week Friday (3
March). Also... applicants must be nationals of an EU Member State.
You can apply at:
Traineeship (PhD level)
Business Area Payments & Market Infrastructure
Directorate / Division Oversight Division
The Directorate General Payments and Market Infrastructure (DG/P) is
responsible for all payment, clearing and settlement system-related
activities of the European Central Bank (ECB). These comprise: (i) the
oversight of financial market infrastructures; (ii) the management of
the second-generation Trans-European Automated Real-time Gross
settlement Express Transfer system (TARGET2) and the Collateral
Central Bank Management (CCBM2) project; and (iii) the handling of
market integration policy issues concerning retail payments.
Within DG/P, the Oversight Division is responsible for: (i) defining
Eurosystem oversight policies; (ii) conducting continuous oversight of
the TARGET2 system, the Euro Banking Association’s EURO1 and STEP2
systems, and the Continuous Linked Settlement system; (iii)
contributing to the policy framework and to analyses in the context of
Eurosystem oversight of clearing and settlement systems (including
cooperation between the European System of Central Banks and the
Committee of European Securities Regulators); (iv) contributing to the
oversight of SWIFT; and (v) conducting technical oversight (including
oversight of the business continuity strategies of payment, clearing
and settlement systems).
The holder of this position will be entrusted with the following main tasks:
* assisting with research on financial networks and with
* conducting statistical analyses of high-frequency data;
* developing and using proprietary data analysis and simulation tools.
Qualifications and experience
The successful candidate must have the following knowledge and competencies:
* A PhD in finance, economics or a related field;
* An academic publication record;
* Experience of simulation methods; algorithm development; graph
or network theory; and network analysis and/or visualisation.
* Fluent command of English with proven drafting ability;
* Conversational command of at least one other official language
of the EU is also required;
* Familiarity with statistical analysis software (e.g. Stata, SAS or R);
* Strong programming skills (e.g. in C++, Java or Python).
The successful candidate will have the following behavioural competencies:
* good interpersonal and communication skills;
* the ability to learn quickly;
* a strong sense of initiative and self-motivation;
* the ability to work as part of a team in a multicultural environment.
Duration of contract / Closing date
The traineeship will be for a period of three to six months.
Closing date for applications: 3 March 2011
Applications are to be made in English and submitted using our online
application form. An “Applicants’ Guide” can be downloaded from the
“FAQs & Help” page.
The recruitment process may include a test and a phone interview.
Applicants should also submit a complete record of undergraduate and
postgraduate studies (with a list of courses and grades), and letters
of recommendation from their supervisors or faculty members. The
documents should be uploaded as a single .doc or .pdf file.
Before applying, applicants should check that they meet the conditions
set out in Article 3 of the rules governing the traineeship programme:
Further information on the ECB’s traineeships can be found at
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